Despite hardening property prices and home loan interest rate hikes, housing sales in the top 7 cities created a new peak in 2023, with the sale of 4.76 lakh units, registering a YoY increase of 31 percent. According to Anarock research data, MMR, Pune, Bengaluru, Hyderabad, and NCR together accounted for 91 percent of the sales. Two western markets of Mumbai Metropolitan Region (MMR) and Pune together led the sales with MMR witnessing the highest sales of 1.53 lakh units.
Housing Sales Overview City-wise
Source: ANAROCK Resarch
New Launches Overview – Citywise
Source: ANAROCK Research
New launches saw a 25 percent annual rise to about 4.45 lakh units. The key cities contributing to new unit launches included MMR, Hyderabad, Pune, and Bengaluru, together accounting for 83 percent of the total supply addition in 2023. MMR and Pune collectively had nearly 54 percent share of the total new launches in 2023.
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