JLL India: Housing sales boom to continue in 2023
Real Estate

JLL India: Housing sales boom to continue in 2023

According to JLL India, sales of residential units, which increased 68% in 2022, are set to continue this year thanks to an anticipated slowdown in inflation and better price offers from builders.

Sales of flats in seven key cities — Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune — increased by 68% to 2,15,666 units in 2022 from 1,28,064 units the year before.

Mumbai includes cities of Thane, Navi Mumbai, and the suburbs of Mumbai.

The greatest annual sales peak was reached in 2010 with 2,16,762 units, and the 2022 sales of 2,15,666 units were the most in nearly a decade.

Only flats are included in the data; rowhouses, villas, and planned developments have been excluded.

According to JLL India's assessment of the future, "Sales momentum is projected to sustain in 2023 on the expectations of lowering inflation supporting a reversal in repo rate hikes."

Additionally, it continued, "expected actions from stakeholders, such longer loan tenures and alluring pricing agreements, will keep customers' affordability levels within comfort levels."

Apartment sales increased in 2022, according to JLL India, despite rising mortgage rates, property values, and global headwinds.

Also read:
MahaRERA investigates 78 property registration officials
43% of the residences under PMAY-Urban finished

According to JLL India, sales of residential units, which increased 68% in 2022, are set to continue this year thanks to an anticipated slowdown in inflation and better price offers from builders. Sales of flats in seven key cities — Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune — increased by 68% to 2,15,666 units in 2022 from 1,28,064 units the year before. Mumbai includes cities of Thane, Navi Mumbai, and the suburbs of Mumbai. The greatest annual sales peak was reached in 2010 with 2,16,762 units, and the 2022 sales of 2,15,666 units were the most in nearly a decade. Only flats are included in the data; rowhouses, villas, and planned developments have been excluded. According to JLL India's assessment of the future, Sales momentum is projected to sustain in 2023 on the expectations of lowering inflation supporting a reversal in repo rate hikes. Additionally, it continued, expected actions from stakeholders, such longer loan tenures and alluring pricing agreements, will keep customers' affordability levels within comfort levels. Apartment sales increased in 2022, according to JLL India, despite rising mortgage rates, property values, and global headwinds. Also read: MahaRERA investigates 78 property registration officials 43% of the residences under PMAY-Urban finished

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?