Hyderabad among the Top 5 cities to lead the demand for residential real estate

Hyderabad, 28 th December, 2022:  Residential real estate sales in India have breached 2021 levels by far, witnessing a 50 per cent YoY growth. New launches further strengthened during 2022 and registered a growth of 101% YoY with a total of 4,31,510 new homes launched during the calendar year 2022, said the latest report by PropTiger.com, the country’s leading online real estate brokerage company. According to the report titled Real Insight Residential – Annual Round-up 2022 (January – December), a total of 3,08,940 units were sold in 2022 as compared to 2,05,940 units sold in2021. 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.
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.