Home Sales In India : According to a survey by real estate consultant JLL, 1,26,587 housing units were sold in India in the first half of 2023 (H1 2023), which is the most residential property sales in 15 years. This was a 21% YoY increase, thanks to a solid employment market and a strong domestic economy.

The largest markets were Bangalore and Mumbai, which together accounted for 42% of all H1 2023 sales. Bangalore achieved the most residential sales with 26,625 units, followed by Mumbai with 26,188 units and Pune with 25,201 units. Hyderabad saw the biggest YoY growth, with residential property sales rising from 9,449 units in H1 2022 to 15,925 units in H1 2023, a 69% increase. Pune now accounts for 20% of all sales, up from 16,802 units in H1 2022 to 25,201 units in H1 2023.

Buy Now

Are You Searching 3BHK Buy Flat In Kharghar? 

Home Sales In India In H1 2023 At 15-Year High

With a remarkable 4% QoQ growth, more than 62,000 units were sold in the first quarter of 2023 (Q1 2023) and 64,500 units in the second quarter of 2023 (Q2 2023) respectively. In the top seven cities’ planned projects and villa categories, 14,000 more units were sold in the first quarter of 2023. Bangalore, Chennai, and Hyderabad are all southern cities where much of the sales activity was centred.

With a 24% share of sales in H1 2023. Mid-segment houses costing between Rs 50 lakh and Rs 75 lakh led the market. The percentage of houses in the premium class that cost more than Rs 1.5 crore also increased. Rising 37% YoY from 18% in H1 2022 to around 21% in H1 2023.

The bulk of home sales in the first half of 2023 were driven by initiatives started in the previous 18 months, according to the research. Older merchandise that was released before to 2018 and is almost finished is also gaining traction. Projects that were started before 2018 accounted for around 12% of revenues in the first half of 2023.

2BHK Flat For Rent In Kharghar

Buy Now

Are you looking for a house for rent in Kharghar? We have semi-furnished, unfurnished, and furnished flats available for rent in various sectors of Kharghar. We have 1 BHK starting at Rs. 10,000 per month, 2 BHK starting at 15,000 per month, and 3 BHK flats for rent in Kharghar starting at 18,00 per month. We can provide you with the list of rental properties in Kharghar, from where you can choose the one which fits your budget and choice.

Home Sales In India In H1 2023

Only 13% of the half-yearly sales in 2023 came from finished projects due to decreased unsold inventories in high-quality developments and a lack of ready-to-move choices. Unsold inventory in India’s top seven cities climbed by 2% on a QoQ basis as of Q2 2023. With new releases outperforming sales. Together, the cities of Mumbai, Hyderabad, and Bangalore accounted for 63% of the unsold stock.

According to the research, home prices increased between 6 and 9% YoY in major cities. With Bangalore recording the largest increase at 11 to 12% YoY. With an increase in buyer confidence, Kolkata has begun to see rising prices as well. Albeit more slowly, with prices up 2% YoY.

151,000 new home releases were reported in H1 2023, an increase of 24% YoY. Over 76,000 units were introduced in Q2 2023, reflecting an increase in quarterly releases as well. With a share of 24%, Mumbai had the most new product releases. Followed by Pune at 22% and Hyderabad at 19%.

Buy Now

3BHK Buy Flat In Navi Mumbai

You’re looking for Buy Home In Navi Mumbai we have the Best Buy Properties In Navi Mumbai Like Ready to Move & Nearby possession: https://navimumbaihouses.com/property/search/buy/navi-mumbai-all/

If you want daily property update details please follow us on Facebook Page / YouTube Channel / Twitter