Boost in real estate market, highest no. of units registered
27 Dec 2022
2 Min Read
CW Team
In terms of the quantity of properties registered, the real estate market in Mumbai experienced its
highest-ever sale in 2022. Pune, Hyderabad, Ahmedabad, and Mumbai Metropolitan Region (MMR)
saw the greatest ever supply of new homes in 2022, according to statistics from Liases Foras, an
independent real estate research firm.
The information showed that there were 9,022 new homes available in MMR in September 2021.
The number increased by 144% to 22,044 in September of this year. The research revealed that the
average price growth in MMR was only 1%.
Launch of new residential developments also experienced a notable surge throughout India.
According to the data, it was 41% greater than 2018 and 22% higher than 2019. According to Pankaj
Kapoor, managing director of Liases Foras, "2022 witnessed the biggest sales ever, crossing the 4-
lakh mark across India. Additionally, the year had the most launches ever, with 0.00042 billion
brand-new units being introduced. As a result, there are now more unsold inventory.
Prior to the Covid-19 outbreak, it would typically take 53 months to sell every unsold unit. "Now, this
number is 38鈥�39 months... Only 7% of the inventory has been cut. In 2018, there were over 0.00135
billion unsold inventories, which was the greatest amount ever. According to Kapoor, there are
currently 0.00125 billion units in various phases of building. He added that it will take at least three
years to sell these units.
According to Liases Foras' forecast for the 2023 real estate market, the price increase would be
gradual. According to the report, 2023 will be a buyer's market because there will be a lot of
properties for sale and little room for profit for builders. According to the estimate, sales would not
decline in the upcoming year.
In terms of the quantity of properties registered, the real estate market in Mumbai experienced its
highest-ever sale in 2022. Pune, Hyderabad, Ahmedabad, and Mumbai Metropolitan Region (MMR)
saw the greatest ever supply of new homes in 2022, according to statistics from Liases Foras, an
independent real estate research firm.
The information showed that there were 9,022 new homes available in MMR in September 2021.
The number increased by 144% to 22,044 in September of this year. The research revealed that the
average price growth in MMR was only 1%.
Launch of new residential developments also experienced a notable surge throughout India.
According to the data, it was 41% greater than 2018 and 22% higher than 2019. According to Pankaj
Kapoor, managing director of Liases Foras, 2022 witnessed the biggest sales ever, crossing the 4-
lakh mark across India. Additionally, the year had the most launches ever, with 0.00042 billion
brand-new units being introduced. As a result, there are now more unsold inventory.
Prior to the Covid-19 outbreak, it would typically take 53 months to sell every unsold unit. Now, this
number is 38鈥�39 months... Only 7% of the inventory has been cut. In 2018, there were over 0.00135
billion unsold inventories, which was the greatest amount ever. According to Kapoor, there are
currently 0.00125 billion units in various phases of building. He added that it will take at least three
years to sell these units.
According to Liases Foras' forecast for the 2023 real estate market, the price increase would be
gradual. According to the report, 2023 will be a buyer's market because there will be a lot of
properties for sale and little room for profit for builders. According to the estimate, sales would not
decline in the upcoming year.
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