 "real estate")
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
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