Sales of residential units in India during the first half of calendar year of 158,705 units across top eight cities Mumbai, National Capital Region (NCR), Bengaluru, Pune, Chennai, Hyderabad, Kolkata and Ahmedabad -, said the latest Knight Frank India survey. The previous high in the first half of the calendar year was recorded in H1CY13 at 185,577 units. The H1CY22 figure is a 60 per cent jump YOY (99,416 residential units sold across these metros in H1CY21).
At an 8-year high for any half-year period, new home unit launches, Knight Frank said, witnessed an addition of 160,806 units in H1-CY22, marking a rise of 56 per cent YoY from 103,238 units in H1CY21.The strong uptick in sales also brought the quarters to sell (QTS) level down to 7.8 quarters from 10.9 quarters in H1CY21.
This story is from the July 07, 2022 edition of Business Standard.
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This story is from the July 07, 2022 edition of Business Standard.
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