Yearender 2023: The Mumbai region witnessed 40 percent annual increase in sales, while Pune recorded a 52 percent spike over 2022. Bengaluru grew 29 percent, while Hyderabad grew 30 percent. At 3 percent, NCR saw the least growth.
Real estate developers said the ban will cause a delay in delivery of projects, and impact homebuyers. They said that a one-month ban on construction, delays a project by at least two to three months.