Housing sales sets high record with 70,623 sales in Q1 2022

01 Apr 2022 CW Team

In the January-March quarter, housing sales and launches set a new high record with the sale of 70,623 units, the most in a quarter since the Covid-19 pandemic.

According to the media reports, in the first quarter of 2022 (Q12022), 70,623 units were sold compared to the sale of 66,176 units in Q12021, recording 7% year-on-year (YoY) growth. The growth rate continued for the last few quarters.

The second wave of Covid sales was at 15,968 in the April-June quarter of 2021, although they've been steadily increasing since then.

In terms of new supply, the improvement was even higher, with a 50% increase in new releases YoY during the same time. In Q1 2022, 79,532 units were released, compared to 53,037 units in Q1 2021.

Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), Delhi-National Capital Region, and Pune are among the markets included in the quarterly report.

Mumbai and Pune had the largest proportion of house sales in a quarter when demand for housing units priced between Rs 45 and Rs 75 lakh was at an all-time high, accounting for 56% of total sales.

During the quarter that ended in March, under-construction sales accounted for about 79% of total sales, mainly due to the pricing advantage this sector has over ready-to-move-in homes.

Mumbai and Pune accounted for about 60% of all sales, while Delhi-NCR, Hyderabad, and Chennai saw a year-on-year decrease in sales.

In terms of new supply, the MMR market performed the heavy lifting in the quarter ending March 31, with a 246% rise YoY.

This market's excellent performance was mainly responsible for the housing market's overall good performance on this criterion, while four of the eight markets studied saw a reduction in new launches.

Ahmedabad, Chennai, Delhi-NCR, and Kolkata were among the cities where new launches fell in the March quarter.

During the quarter, housing price growth increased, with average new property rates rising in every area studied. The majority of the increase in rates may be linked to the increasing building material prices.

The largest increase in property prices was seen in Chennai, where the average rate of houses has increased by 9% in the last year.

In terms of price increases, Pune and Ahmedabad closely followed the southern market, with both regions seeing an 8% increase in average property rates.

Image Source

Also read: Mumbai's property registrations witnesses robust momentum in Feb

In the January-March quarter, housing sales and launches set a new high record with the sale of 70,623 units, the most in a quarter since the Covid-19 pandemic. According to the media reports, in the first quarter of 2022 (Q12022), 70,623 units were sold compared to the sale of 66,176 units in Q12021, recording 7% year-on-year (YoY) growth. The growth rate continued for the last few quarters. The second wave of Covid sales was at 15,968 in the April-June quarter of 2021, although they've been steadily increasing since then. In terms of new supply, the improvement was even higher, with a 50% increase in new releases YoY during the same time. In Q1 2022, 79,532 units were released, compared to 53,037 units in Q1 2021. Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), Delhi-National Capital Region, and Pune are among the markets included in the quarterly report. Mumbai and Pune had the largest proportion of house sales in a quarter when demand for housing units priced between Rs 45 and Rs 75 lakh was at an all-time high, accounting for 56% of total sales. During the quarter that ended in March, under-construction sales accounted for about 79% of total sales, mainly due to the pricing advantage this sector has over ready-to-move-in homes. Mumbai and Pune accounted for about 60% of all sales, while Delhi-NCR, Hyderabad, and Chennai saw a year-on-year decrease in sales. In terms of new supply, the MMR market performed the heavy lifting in the quarter ending March 31, with a 246% rise YoY. This market's excellent performance was mainly responsible for the housing market's overall good performance on this criterion, while four of the eight markets studied saw a reduction in new launches. Ahmedabad, Chennai, Delhi-NCR, and Kolkata were among the cities where new launches fell in the March quarter. During the quarter, housing price growth increased, with average new property rates rising in every area studied. The majority of the increase in rates may be linked to the increasing building material prices. The largest increase in property prices was seen in Chennai, where the average rate of houses has increased by 9% in the last year. In terms of price increases, Pune and Ahmedabad closely followed the southern market, with both regions seeing an 8% increase in average property rates. Image Source Also read: Mumbai's property registrations witnesses robust momentum in Feb

Infrastructure Urban

09 Apr 2026

Mineral Auction Rules Amended To Speed Mine Operationalisation

The Ministry of Mines notified the Mineral (Auction) Second Amendment Rules, 2026 on 30 March 2026 to accelerate operationalisation of mines and improve ease of doing business in the mining sector. The amendment follows a prior change to the Mineral (Auction) Rules, 2015 effected on 17 October 2025 that introduced intermediary timelines between issuance of a letter of intent (LoI) and execution of the mining lease. The 2025 change provided that one per cent of performance security would be appropriated for each month of delay by the preferred bidder and introduced incentives for early operatio..

Infrastructure Transport

09 Apr 2026

Indian Railways Strengthens Telecom And AI Safety Systems

Indian Railways strengthened its telecom and digital infrastructure during 2025-26 with the aim of improving safety, operational efficiency and the passenger experience. The programme promoted modernisation through advanced technologies, robust communication systems and passenger-centric solutions. These measures were presented as part of a drive to build a digitally integrated rail ecosystem. A key development was the enhancement of the Internet Protocol Multi-Protocol Label Switching (IP MPLS) backbone, commissioned at 1,396 stations to meet bandwidth needs of mission-critical applications. ..

Infrastructure Transport

09 Apr 2026

NHAI Holds Workshop on Litigation Management and Coordination

The National Highways Authority of India (NHAI) organised a day-long workshop in New Delhi to strengthen capacity and interdepartmental synergy for faster execution of national highway projects. The event was held under Mission Karmayogi – Sadhana Saptah, an initiative of the Government of India to enhance governance through capacity building and improved processes. The workshop focused on structured and solution oriented deliberations to address implementation constraints. The session was chaired by the NHAI chairman Santosh Kumar Yadav and brought together senior officials from NHAI, the M..