The Indian residential real estate market has greatly benefited from several reforms by the Modi-led government, helping the industry not only to emerge stronger but also to scale new heights.
The bull run in the Indian housing market continued in the second quarter of 2023 despite spiralling home loan rates in the recent past and global economic headwinds, including layoffs by some large and small corporates.
Housing sales in the top metropolitans in India have created a new peak in 2022, breaching the previous high of 2014. About 364,900 units were sold in 2022 against 236,500 units in 2021 across the top 7 cities, a rise of 54 on a yearly basis, data from real estate consultancy firm Anarock sh