Residential launches see 61% growth in Q3, says PropTiger report Despite the slight increase in overall interest rates, the demand for housing has not dipped.


With festival season nearing its peak, the real estate market has bounced back with a positive buyer sentiment

The third quarter (Q3) of this financial year registered a growth of 61 per cent year-on-year (YoY) as compared to Q3 last year, and it went up marginally by 3 % from the second quarter, according to a report by PropTiger.

A total of 104,000 units back in 2015. Accounting for 32 per cent, the report said.

Residential sales have continued to show robust growth with 83, 55,

Mumbai and Pune continue to top the charts. The two cities contributed to 53 % of the total sales in Q3 2022.

“The real estate industry is bouncing back from the pandemic and subsequent disruptions, and it’s evident from the data trends and insights in our report. Especially with the festive season which has just commenced, we’re experiencing a continuous surge in consumer sentiment towards property investments,” said Vikas Wadhawan, Group CFO, PropTiger.com, Housing.com, and Makaan.com.

He stated that the Q3 had seen a significant improvement in demand for housing and this would set the ball rolling for the next quarter as well.

Despite the slight increase in overall interest rates, the demand for housing has not dipped. “In fact, ” wadhawan said.

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