Mumbai: The Mumbai Metropolitan Region (MMR) continues to be on top in terms of home sales. The highest number of 1,09,700 homes were sold in the financial capital so far during 2022, while 76,396 homes were sold in MMR during 2021, despite home loans continuing to be costlier. It is followed by the National Capital Region ie Delhi-NCR with 63,700 units, where home sales are set to increase by 59 percent to 63,712 units in 2022 from 40,053 units in 2021.
Releasing the demand-supply data of the country’s top 7 housing markets, property advisory firm ‘Anarock’ said that despite the increase in home loan rates, home sales in 7 major cities reached a record level of 3.65 units this year. Has been. The previous record for home sales was set in 2014. According to Anarock, prices of residential properties have increased by up to 7 percent amid increased demand and increase in production costs after the Covid pandemic.
3.65 lakh houses sold in seven cities
As per the data, housing sales in seven major cities of MMR, Delhi-NCR, Chennai, Kolkata, Bengaluru, Hyderabad, and Pune grew by 54 percent to 3,64,900 units this year as compared to last year. A total of 2,36,500 homes were sold in these seven cities last year. Earlier in 2014, a record sale of 3.43 lakh units was made.
New supply also increased
Talking about the new supply, the supply of new residential units in seven major cities has increased by 51 percent to 3,57,600 units this year, from 2,36,700 units in 2021. MMR and Hyderabad accounted for the maximum share of new supplies. Collectively, the two accounted for about 54 percent of the new supply.
