Residential real estate sales grew by 60% in the first half of 2022 to 158,705 units across the top eight cities in the country from 99,416 units in the same period last year. Home sales in the National Capital Region (NCR) centred on New Delhi grew 154%, according to a Knight Frank report released on July 6.
Office transactions, at 25.3 million sq. ft., increased 107% year-on-year (YoY), indicating the potential of the market as the COVID-19 pandemic let up and the economy bounced back.
Bengaluru led office transactions with 7.7 million sq. ft., followed by NCR with 4.1 million sq. ft., during H1 of 2022, Knight Frank India said in the 17th edition of its flagship half-yearly report: India Real Estate: Residential and Office Market H1 2022.
The report presents a comprehensive analysis of the residential and office market performance across the eight major cities for the January–June period.