As per an Anarock report, as many as 2.73 lakh units have already been sold in 2022 between January and September.
“Inflation and interest rate hike couldn’t dent the buoyant homeownership sentiment across the nation,” said Rahul Purohit of Square Yards.
Mumbai Metropolitan Region (MMR), Bengaluru, Pune, Hyderabad and NCR have remained the most active residential markets in 2022 so far, both in terms of new launches and housing sales.
The real estate sector is banking on the demand momentum it has seen in the last nine months to continue despite higher interest rates and biting inflation.The demand for residential property has seen a gradual recovery after successive lockdowns during the pandemic, with buyers looking for bigger homes. Non resident Indians too have been active since the pandemic started. Hopes are pegged on demand sustaining even during the festive season. Read More
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