Sales Of Apartments Priced Over Rs 1.5 Crore See Close To Fourfold Jump: JLL
Overall, the residential market recorded sales of more than 53,000 units in Q2 2022, a jump of 171% year-on-year. “This demonstrates the rising demand due to containment of the pandemic.”
But sequentially, sales increased 3%. “Appreciation in residential prices due to rising input costs and interest rates led to almost flat sequential growth in Q2.”
To be sure, JLL’s analysis includes only apartments. Other forms of property such as rowhouses, villas, and plotted developments are not accounted for.
Overall, Mumbai was the largest contributor to sales, accounting for 23%. It was followed by Bengaluru and Delhi-NCR, forming 21% and 19% of the overall sales, respectively.