In the first half of 2023, the residential markets in the major metropolises, including Hyderabad, have maintained their increasing trends. According to the most recent data revealed by real estate consultant JLL on Monday, house sales in india reached a 15-year high of 1,26,587 units in the first six months of 2023, which is 21% higher than the same time last year.

With 21 percent of the overall half-yearly sales apiece, the bigger marketplaces of mumbai and Bengaluru led the way. pune also made significant progress, accounting for 20%. The RBI's recent move to halt the repo rate, together with the government's persistent efforts and low inflation, have all contributed significantly to the residential market's revival. We believe the second half of the year will see new highs for the residential market due to the impending holiday season and favourable client mood. proclaimed Siva Krishnan, Senior Managing director and Head of Residential at JLL in India.

Projects that were launched in the previous 18 months accounted for the bulk of residential sales in the first half of this year. "The first half of this year saw tremendous growth in the indian residential sector, which had the greatest sales in 15 years. According to Dr. Samantak Das, Chief Economist and Head Research & REIS, india, JLL, "the rising traction in demand for freshly announced projects indicates the increasing consumer confidence in under-construction developments as well.
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11/07/2023 07:09 AM