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India housing sales: Housing sales in top 7 cities hit new peak in 2023: Report

Housing sales in India s top seven cities reached a new peak in 2023, surpassing the previous high of 2022. A total of 476,530 units were sold in 2023, a 31% year-on-year increase. Mumbai Metropolitan Region (MMR) recorded the highest sales, followed by Pune. New launches across the top seven cities saw a 25% annual rise, with MMR and Pune leading in this category as well. ....

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India Ratings: Housing sales likely to drop 34% in FY21 in volume terms due to pandemic | India Business News

NEW DELHI: Housing sales in volume terms is likely to decline 34 per cent this fiscal because of the Covid-19 pandemic but demand is expected to rise in 2021-22 from a weak base, according to India Ratings and Research.
The agency expects the residential real estate sector to stage a sharp K-shaped recovery in the next financial year.
The overall floor space sold is likely to increase by 30 per cent YoY (year-on-year) in FY22 after a 34 per cent YoY decline in FY21, it said in a statement.
The agency emphasised that the overall sales in FY22 could still be around 14 per cent below FY20 level. ....

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