Highlights

  • Housing sales surge 31% in top 7 cities, breaking records.
  • MMR leads with 1,53,870 units sold, a significant 40% increase.

Latest news

Looking to gain weight? Here are 4 super foods that will surely help

Looking to gain weight? Here are 4 super foods that will surely help

Lok Sabha polls: Who is Abdul Salam, only Muslim in BJP's first list?

Lok Sabha polls: Who is Abdul Salam, only Muslim in BJP's first list?

Lionel Messi, Luis Suarez grab a brace each as Inter Miami whip Orlando SC 5-0

Lionel Messi, Luis Suarez grab a brace each as Inter Miami whip Orlando SC 5-0

James Franklin in talks to replace Dale Steyn as Sunrisers Hyderabad bowling coach | IPL 2024

James Franklin in talks to replace Dale Steyn as Sunrisers Hyderabad bowling coach | IPL 2024

Bahrain Grand Prix: Red Bull's Max Verstappen wins opening race of 2024 F1 season

Bahrain Grand Prix: Red Bull's Max Verstappen wins opening race of 2024 F1 season

EPL round-up: Liverpool strike late to beat Forest, Spurs, Villa win in top-four fight

EPL round-up: Liverpool strike late to beat Forest, Spurs, Villa win in top-four fight

Lok Sabha polls: 4 Bhojpuri stars in BJP's first candidate list

Lok Sabha polls: 4 Bhojpuri stars in BJP's first candidate list

Rain lashes parts of Delhi-NCR early morning

Rain lashes parts of Delhi-NCR early morning

Real estate sees record surge: Housing sales in top 7 cities up 31% in 2023

The collective of top 7 cities, including MMR, Pune, Bengaluru, Hyderabad, NCR, Kolkata, and Chennai, contributed a substantial 91% to the overall residential sales in 2023. Each city showcased its distinct path within the real estate landscape.

Real estate sees record surge: Housing sales in top 7 cities up 31% in 2023

In a remarkable turn of events for the Indian real estate sector, the year 2023 witnessed a huge surge in housing sales across the country's top 7 cities, surpassing previous records, as revealed by the latest ANAROCK Research data.

With an increase of 31% year-on-year, approximately 4,76,530 units were sold in 2023 compared to 3,64,870 units in the preceding year across the top urban centers. This surge not only breached the 2022 high but also set a new pinnacle in the residential real estate market.

The MMR (Mumbai Metropolitan Region) emerged as the frontrunner with the highest sales, boasting a figure of around 1,53,870 units sold in 2023, marking a substantial 40% annual increase. Following closely behind, Pune recorded approximately 86,680 units sold during the same period, showcasing a remarkable 52% surge compared to 2022. The Western markets, including MMR and Pune, took the lead in driving residential sales throughout the year.

Furthermore, new launches in the top 7 cities also witnessed a substantial annual uptick of 25%, surging from around 3,57,640 units in 2022 to approximately 4,45,770 units in 2023. Notably, MMR and Pune dominated this front, accounting for nearly 54% of the total new launches in the real estate landscape.

Anuj Puri, Chairman of ANAROCK Group, expressed his views on this remarkable achievement, stating, "Despite prevailing global challenges, escalating domestic property prices, and initial interest rate hikes, the Indian housing sector has thrived in 2023. The housing sales soaring past the previous high of 2022 and concurrent new launches indicate a synchronized alignment with the escalating housing demands."

The top 7 cities, comprising MMR, Pune, Bengaluru, Hyderabad, NCR, Kolkata, and Chennai, accounted for a whopping 91% of the total residential sales in 2023. Each city displayed its unique trajectory in the real estate market, with varying percentages of sales growth contributing to this historic surge, underscoring the resilience and dynamism of the Indian housing sector amidst challenging economic landscapes.

Also Watch: 8 most & least affordable Indian cities to buy a home


Up Next

Real estate sees record surge: Housing sales in top 7 cities up 31% in 2023

Real estate sees record surge: Housing sales in top 7 cities up 31% in 2023

Info Edge apps restored on Google Play amidst government assurance

Info Edge apps restored on Google Play amidst government assurance

Anant Ambani-Radhika Merchant pre-wedding celebration cost revealed

Anant Ambani-Radhika Merchant pre-wedding celebration cost revealed

Sensex, Nifty hit another record high during special trading session

Sensex, Nifty hit another record high during special trading session

Google removes Naukri and 99acres apps from play store over billing policy violations

Google removes Naukri and 99acres apps from play store over billing policy violations

Paytm Payments Bank hit with Rs 5.49 cr fine for money laundering violations

Paytm Payments Bank hit with Rs 5.49 cr fine for money laundering violations

More videos

Invest Smart 2024: Financial products every woman should invest in

Invest Smart 2024: Financial products every woman should invest in

Elon Musk sues OpenAI and CEO Sam Altman for contract breach

Elon Musk sues OpenAI and CEO Sam Altman for contract breach

February GST collection at Rs 1.68 lakh crore, up 12.5%

February GST collection at Rs 1.68 lakh crore, up 12.5%

97.62% of Rs 2,000 currency notes returned; says RBI

97.62% of Rs 2,000 currency notes returned; says RBI

Rihanna's whopping paycheck for Ambani pre-wedding event revealed

Rihanna's whopping paycheck for Ambani pre-wedding event revealed

Stock exchanges BSE and NSE to conduct special live trading session on Saturday; here's why

Stock exchanges BSE and NSE to conduct special live trading session on Saturday; here's why

From tax-saving deadline to FASTag KYC: Here are 5 critical dates you can't miss in March 2024

From tax-saving deadline to FASTag KYC: Here are 5 critical dates you can't miss in March 2024

GDP for Q3 FY24 forecast to be 6.8%: SBI Ecowrap

GDP for Q3 FY24 forecast to be 6.8%: SBI Ecowrap

Markets spike, hit new record highs after better than expected GDP numbers

Markets spike, hit new record highs after better than expected GDP numbers

Gold, Silver Price Today March 01, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today March 01, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.