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Hottest Residential Markets of 2022

Torbit - December 25, 2022 - - 0 |
Hottest Residential Markets of 2022

By Anuj Puri, Chairman Anarock Group

Various micro-markets across the top 7 cities saw significant activity in terms of new launches and housing sales. Torbit Realty lists top 3 micro-markets in each of these markets  with maximum new launches in the January-September   period of 2022.:

In Bangalore ,the top 3 micro-markets with highest supply were Sarjapur Road, Whitefield, and Bommasandra.  These three markets saw a combined new supply of about . 14,415 unts in the first nine months of 2022.  The top 3 micro-markets  of MMR with highest supply were Thane West, Dombivli, and Kalyan. Approximately. 23,620 units were launched in these three areas in the Jan-Sept period. In the NCR , the top 3  markets were New Gurugram, Dwarka Expressway and Greater Noida West with a collective new supply of nearly 13,550 units during this period . Pune’s top 3 markets included Moshi, Kharadi, and Hinjewadi. which had a combined new supply of about. 9,955 new units in the first nine months of 2022. In Hyderabad, ,the top 3 micro-markets with highest supply of roughly 13690 units  were Puppalaguda, Tellapur, and Ameenpur . The top 3 micro-markets of Chennai  were Madhavaram, Medavakkam, and Guduvancheri, with approximately. 1,540 units added in the first nine months of 2022.   Kolkata’s top 3 micro-markets of Rajarhat, Narendrapur, and New Town, together saw nearly. 5,450 units launched from January-September  2022

 

Top Micro Markets – Supply & Avg. Price Appreciation (Last 5 Years)

 

Bangalore
Micro Market Launched Units Average price (Year 2022) Average Price (Year 2017) % Change in 5 Yrs
Sarjapur Road 9,096 6,500 5,300 23%
Whitefield 3,407 5,400 4,450 21%
Bommasandra 1,912 3,900 3,300 18%

 

Chennai
Micro Market Launched Units Average price 2022 Average Price 2017 % Change in 5 Yrs
Madhavaram 598 5,700 4,800 19%
Medavakkam 475 5,500 4,650 18%
Guduvancheri 468 4,250 3,700 15%

 

Hyderabad
Micro Market Launched Units Average price 2022 Average Price 2017 % Change in 5 Yrs
Puppalaguda 5,683 6,300 4,100 54%
Tellapur 4,065 5,500 4,300 28%
Ameenpur 3,941 5,000 4,100 22%

 

Kolkata
Micro Market Launched Units Average price 2022 Average Price 2017 % Change in 5 Yrs
Rajarhat 2,618 4,650 3,900 19%
Narendrapur 1,624 3,850 3,400 13%
New Town 1,212 5,200 4,500 16%

 

MMR
Micro Market Launched Units Average price 2022 (On Carpet) Average Price 2017 (On Carpet) % Change in 5 Yrs
Thane West 10,928 19,100 16,000 19%
Dombivli 7,638 10,400 8,600 21%
Kalyan 5,055 9,000 7,700 17%

 

NCR
Micro Market Launched Units Average price 2022 Average Price 2017 % Change in 5 Yrs
New Gurgaon 6,925 6,370 5,500 16%
Dwarka Expressway 4,944 5,700 5,000 14%
Greater Noida West 1,682 3,850 3,300 17%

 

Pune
Micro Market Launched Units Average price 2022 (On Carpet) Average Price 2017 (On Carpet) % Change in 5 Yrs
Moshi 3,424 8,200 6,800 21%
Kharadi 3,302 10,000 8,500 18%
Hinjawadi 3,229 7,800 6,800 15%

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