A total of 4,31,510 units were launched in 2022 registering a sharp growth of 101% YoY as against 2021. New launches witnessed a multi-year high, registering a 6% increase as compared to 2015 levels. Mumbai has been the frontrunner in terms of new supply in 2022, taking a share of 39% in the overall launches, followed by Pune and Hyderabad which took a share of 18% and 19% respectively

As per the report, 3,08,940 units were sold in 2022 as compared to 2,05,940 units sold in 2021. The figures include the sales numbers for all four quarters in both calendar years for the top eight cities including Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Delhi-NCR (Gurugram, Noida, Greater Noida, Ghaziabad and Faridabad), MMR (Mumbai, Navi Mumbai & Thane) and Pune.

It is important to note that we have seen strong growth across segments, including housing, office, retail, warehouse, data centers, co-working, and co-living. In the post RERA world, NRI demand for Indian property has also increased and given a boost to tier – II markets also

 
A total of 4,31,510 units were launched in 2022 registering a sharp growth of 101 per cent YoY as against 2021. New launches witnessed a multi-year high, registering a 6 per cent increase as compared to 2015 levels. Mumbai has been the frontrunner in terms of new supply in 2022, taking a share of 39 per cent in the overall launches, followed by Pune and Hyderabad which took a share of 18 per cent and 19 per cent respectively.

This improvement in key growth metrics for the sector, the second-largest employment generator in India after agriculture, could largely be attributed to improved consumer sentiment on the back of renewed importance of home ownership during the pandemic, and sustained economic recovery post-pandemic.