Housing sales registers 49% YoY growth between July-September 2022 : Report
Residential sales have continued to show robust growth while registering sales of 83,220 units, a 49% YoY growth between July-September 2022 as compared to 55,910 units sold in the corresponding period last year, according to a report by REA India-owned online real estate platform PropTiger.com.
With the festive season in full swing, India’s real estate developers are hopeful about the sector receiving a boost towards recovery.
New supply registered a YoY growth of 61 percent when compared to Q3 2021 (July – September). The report also stated that the new supply is at par with the 2015 levels for the second consecutive quarter.