[ad_1]
New Delhi: Around 3.79 lakh units were sold across the top seven cities, viz. Bangalore, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), PuneThe National Capital Region (NCR) has a year-on-year growth of 36% in the financial year 2022-23. Anarock Group. Residential real estate worth Rs 3.47 lakh crore is being sold in FY20, which is about 48% higher than what was sold in FY22.
MMR led with the largest share in both sales value and volume – MMR accounted for 30% of the total units sold during the financial year, with this sold stock worth Rs 1.67 lakh crore accounting for 48% of the sales value share Was.
All cities registered an increase of anywhere between 24% to 77% in the total value of housing sold during the year. Pune Recorded the highest growth both in terms of sales value and volume.
While the increase in sales volume and price rise have led to an increase in the value of units sold, there has also been a significant increase in the sale of luxury housing (units priced above Rs 1.5 crore) in these cities.
“The boom in luxury housing is a result of overall better home-ownership sentiment, better earning potential, and a desire for homes that are future-proof in terms of size, lifestyle quotient and resale value growth. People are willing to pay for These factors, as evidenced by the recent record run on luxury projects by leading developers,” said Anuj Puri, Chairman, Anarock Group.
MMR, NCR, and Bangalore has led from the front in terms of luxury housing uptake, but Pune is another city worth watching. While it registered the highest growth in value terms, it also registered a 9% share of the luxury segment, from a negligible share in the earlier years.
[ad_2]
Source link