edited by: Namit Singh Sengar
Last Update: January 10, 2023, 2:01 pm IST
Delhi-NCR saw a 67% increase in sales at 58,460 units, while Bengaluru saw a 40 per cent increase at 53,363 units. (Representational image)
While housing sales in eight major cities are set to grow by 34% to 3,12,666 units in 2022, gross leasing of office space is set to grow by 36% to 51.6 million sq ft.
Real estate consultancy Knight Frank on Tuesday said housing sales in eight major cities are set to rise 34% to a nine-year high and gross office leasing is set to rise 36% during 2022.
knight frank India The 18th edition of the half-yearly report tracking the property markets of the top eight cities was released. As per the data, Mumbai is set to lead the residential sales in 2022 with 85,169 units, up 35% over the previous year.
Delhi-NCR saw a 67% increase in sales at 58,460 units, while Bengaluru saw a 40% increase in sales at 53,363 units.
While housing sales in eight major cities are set to grow by 34% to 3,12,666 units in 2022, gross leasing of office space is set to grow by 36% to 51.6 million sq ft.
Housing sales in Pune grew by 17% to 43,410 units. Sales of residential properties in Hyderabad grew by 28% to 31,046 units last year.
Chennai sales grew by 19% to 14,248 units, while those in Ahmedabad grew by 58% to 14,062 units. Kolkata was the only city that saw a decline of 10% to 12,909 units.
Knight Frank India said that despite geopolitical challenges, there has been a tremendous recovery in the demand for the office sector in India.
In terms of demand for office space during the year 2022, Bengaluru led with 14.5 million sq ft, followed by NCR with 8.9 million sq ft.
Knight Frank India CMD Shishir Baijal said housing sales are set to register a growth in 2022 despite a rise in prices and an increase in interest rates on home loans. For the first time in more than a decade, we have seen growth in all major real estate segments simultaneously.
He said that office, residential, warehousing and retail, all have registered a significant increase in activities in 2022.
PTI quoted Baijal as saying, “Factors such as a change in attitude towards home ownership, return to work and hiring supported by economic stability and the spread of e-commerce, etc., have benefited India’s real estate sector over the last year.” Gave permission.”
He expressed confidence that this growth momentum is expected to be sustained to a large extent in the new year due to continued domestic economic growth.
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