Housing sales and new supply increased 22 per cent and 86 per cent, respectively, during January-March this year on better demand, according to residential brokerage firm PropTiger.Com.
REA India, a full-stack real estate technology platform, owns Housing.Com, PropTiger.Com and Makaan.Com. In its report titled Real Insight Residential - January-March 2023, PropTiger.Com said that housing sales rose to 85,850 units across eight cities in January-March 2023 from 70,630 units in the year-ago period. New launches grew 86 per cent to 1,47,780 units —highest in a quarter — from 79,530 units.
Reports of other property consultants have also reported an increase in housing sales during the January-March quarter despite a rise in mortgage rates in the last
one year.