Despite rate hikes, residential sales in India at 9-year high: Knight Frank

Along with the rise in sales, new home launches also rose a significant 41 per cent to 328,129 units in 2022

Despite regular rate hikes throughout the year, the annual residential sales in India in 2022 rose to a 9-year high, a report released on Tuesday said. In the top 8 Indian cities, 312,666 units were sold, registering a growth of 34 per cent year-on-year (YoY).  

According to property consultancy Knight Frank's India Real Estate: 2022 report, along with the rise in sales, new home launches also rose a significant 41 per cent to 328,129 units. The gross office leasing also rose 36 per cent YoY. 

"For the first time in over a decade, we have seen simultaneous growth in all