Housing sales in 2023 expected at 3.17 lakh units: Anarock

This post is taken from Financial Express (source).

India’s residential real estate market is expected to repeat one of its top performances in 2023 with housing demand projected to scale 3.17 lakh units — the third highest since 2013. In 2013 and 2014, around 3.19 lakh and 3.43 lakh residential units, respectively, were sold across the top seven cities.

Anarock Property Consultants chairman Anuj Puri the said housing sector had showed healthy year-on-year growth since 2017 until the latest peak year of 2019 (2.61 lakh units), but this trajectory was derailed by the pandemic. Otherwise, 2020 had been expected to be a watershed year for the industry.