Housing Sales in Gurugram Jump over 2-fold in 2022 to 32,617 Units: Anarock

Housing Sales in Gurugram Jump over 2-fold in 2022 to 32,617 Units Anarock

The sale of residential properties in Gurugram rose by nearly two-folds to 32,617 units last year on higher demand across all price categories, according to real estate consultant Anarock.

The sale for housing properties stood at 15,590 units in Gurugram in calendar year 2021. The housing sale in Delhi-NCR rose by 59 per cent to 63,712 units in 2022, from 40,053 units in the previous year.

In Delhi-NCR market, Anarock data showed that Noida housing sales increased by 16 per cent to 6,360 units during 2022 calendar year from 5,460 units in the previous year.

In the Greater Noida area saw a 15 per cent growth in sales of residential properties to 10,985 units last year from 9,575 units during 2021. While, housing sales in Ghaziabad rose 24 per cent to 6,890 units last year from 5,560 units in 2021.

“The housing sales in Gurugram have been consistently breaking all previous records, especially in luxury and mid-income housing segment. Housing sales in 2022 performed exceedingly well even with higher home loan borrowing rates as new launches were limited which led to demand exceeding supply,” said brokerage firm Inframantra founder Shiwang Suraj.

He said, that going ahead this trend is expected to continue in 2023 with a possible easing of interest rates in the later part of the year.

Anarock, is one of the leading real estate consultants in the country, tracks housing markets of seven major cities. It releases quarterly data of sales, new launches, price movement and unsold inventories.

Housing sales have been at all-time high in 2022 to nearly 3.65 lakh units across seven major cities, beating the previous high of 2014, on strong demand for residential properties despite a hike in mortgage rates.

The sales rose 54 per cent in 2022 to 3,64,900 units as against 2,36,500 units in 2021 across the Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune. The last peak was seen in 2014 when nearly 3.43 lakh units were sold across the top 7 cities.

Housing sales stood at 3,18,400 units in 2013; 3,42,980 units in 2014; 3,08,250 in 2015; 2,39,260 units in 2016; 2,11,140 units in 2017; 2,48,310 units in 2018; and 2,61,360 units in 2019. Sales plunged to 1,38,340 units in 2020 due to the pandemic and the imposition of nationwide lockdown to curb the spread of this disease.

Source : Live Mint

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