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
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?