MUMBAI: Hyderabad saw sales of houses worth Rs 15,958 cr in the first half of FY23, as against Rs. 6,926 cr in the first half of FY22, registering a 130% jump in housing sales values. 22,840 houses were sold in Hyderabad in the first half of FY23.
The top 7 cities combined, saw sales of houses worth Rs 1,55,833 crore in the first half of FY23 as against Rs 71,295 crore, in FY22 and registered a yearly rise of 119% despite the increased interest rates and basic property costs.
Over 1.7 lahk houses were sold in the top 7 cities between April and September 2022 as against 87, 375 units sold in the same period last year.
ANAROCK Group chairman Anuj Puri said that in value terms, MMR topped the list with housing sales worth Rs. 74, 835 crore, followed by NCR with sales worth Rs. 24,374 crore. While MMR saw a yearly gain of 110% in overall housing sales value, NCR saw a whopping 174% jump.
"In H1 FY22, NCR saw total housing sales worth INR 8,896 Cr," says Puri and ads that approximately, 52,185 homes were sold in MMR in the April-September period in the ongoing fiscal, while NCR witnessed sales of approx. 30,300 units in the same period. “MMR dominated housing sales both in volume and value terms, followed by NCR and Pune," he noted.
In Bengaluru, homes cumulatively worth INR 17,651 Cr were sold in H1 FY23, against INR 8,218 Cr in the two quarters of FY22 - an annual increase of 115%. Pune sold approx. 26,580 homes worth INR 13,532 Cr in H1 FY23.
Kolkata and Chennai saw homes worth INR 4,774 Cr and INR 4,709 Cr sold respectively in first two quarters of the ongoing fiscal, rising by 115% and 57% annually.
