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HomeNewsBusinessReal EstateNew home sales touch four-year high in Jan-March despite third wave: Knight Frank India
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New home sales touch four-year high in Jan-March despite third wave: Knight Frank India

Mumbai remains the largest market by volume; prices rise across all markets in the range of 1-7% YoY

April 04, 2022 / 13:59 IST
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The first quarter of 2022 saw new home sales rise nine percent year-on-year to a four-year high of 78,627 across top eight cities despite the third wave, said a report by Knight Frank India.

This far exceeded the pre-pandemic average quarterly sales for the third quarter signifying a sustained recovery across the country.

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Mumbai, which remained the largest market by volume, saw sales of 21,548, registering a 9% YoY decline. Delhi – NCR grew the most at 123% YoY to 15,019 new homes, making it the second largest market by volume.

Bengaluru, which was the third largest residential market by volume, registered a YoY growth of 34% at 13,663 new units. Ahmedabad, although on a lower base, grew an impressive 34% YoY to 4,105 units.