Residential sales hit 9-year high in the first half of 2022: Knight Frank

The rise in sales is despite the overall prices of residential property rising over time. Prices, according to Knight Frank, increased across all markets in the range of 3 per cent - 9 per cent YoY

Sales of residential units in India during the first half of calendar year 2022 (H1CY22) hit a nine-year high of 158,705 units across top eight cities —  Mumbai, National Capital Region (NCR), Bengaluru, Pune, Chennai, Hyderabad, Kolkata and Ahmedabad —, said the latest Knight Frank India survey. The previous high in the first half of the calendar year was recorded in H1CY13 at 185,577 units. The H1CY22 figure is a 60 per cent jump YoY (99,416 residential units sold across these metros in H1-CY21).

At an 8-year high for any half-year period, new home unit launches, Knight Frank said, witnessed