Housing launches records 28% QoQ growth in April-June 2022

01 Jul 2022 CW Team

As many as 1,02,130 units were rolled out in the second quarter as against 79,530 in the prior quarter across India鈥檚 eight premium residential markets.

The report also said that housing costs report an uptick in the backdrop of a rise in input prices, geopolitical problems, and a reversal of the accommodative outlook by the central bank.

The most prominent booster to housing demand has been the grown importance of owning a property which has been further backed by the consumer trust in the overall economic scenario and upcoming income stability, said Vikas Wadhawan, Group CFO, PropTiger.com.

As economic stability delivers homebuyers with more faith in their financial state, residential demand has increased across the top eight cities, with both housing sales and new supply recording a positive development trend in the quarter ending April-June 2022.

The markets covered in the report incorporate Kolkata, Ahmedabad, Bangalore, Hyderabad, Mumbai Metropolitan Region (MMR), Delhi-National Capital Region (NCR), Chennai, and Pune.

During the quarter ending June 30th, housing sales recorded a sequential 5% uptick when corresponding to the previous quarter (Q1 2022), according to the report.

As per the report, 74,330 units were sold across the top eight markets in Q2 2022, as corresponded to 70,620 units sold in Q1 2022. The sharpest sequential growth in sales was seen in the end-user-driven markets of Ahmedabad at 30% and Hyderabad at 21%.

Average values of new and available properties in the top cities reported an upward cost movement varying between 5% to 9% during this time.

The report emphasises the current unsold stock in the country is at 7,63,650 units during this span, which will take around 34 months to match the current sales momentum of the top eight cities.

Also read: Housing sales sets high record with 70,623 sales in Q1 2022

According to a report, new launches of realty projects in the top eight residential markets in April-June 2022 were the highest in seven years and recorded 28% quarter-on-quarter (QoQ) and 368% year-on-year (YoY) growth. As many as 1,02,130 units were rolled out in the second quarter as against 79,530 in the prior quarter across India鈥檚 eight premium residential markets. The report also said that housing costs report an uptick in the backdrop of a rise in input prices, geopolitical problems, and a reversal of the accommodative outlook by the central bank. The most prominent booster to housing demand has been the grown importance of owning a property which has been further backed by the consumer trust in the overall economic scenario and upcoming income stability, said Vikas Wadhawan, Group CFO, PropTiger.com. As economic stability delivers homebuyers with more faith in their financial state, residential demand has increased across the top eight cities, with both housing sales and new supply recording a positive development trend in the quarter ending April-June 2022. The markets covered in the report incorporate Kolkata, Ahmedabad, Bangalore, Hyderabad, Mumbai Metropolitan Region (MMR), Delhi-National Capital Region (NCR), Chennai, and Pune. During the quarter ending June 30th, housing sales recorded a sequential 5% uptick when corresponding to the previous quarter (Q1 2022), according to the report. As per the report, 74,330 units were sold across the top eight markets in Q2 2022, as corresponded to 70,620 units sold in Q1 2022. The sharpest sequential growth in sales was seen in the end-user-driven markets of Ahmedabad at 30% and Hyderabad at 21%. Average values of new and available properties in the top cities reported an upward cost movement varying between 5% to 9% during this time. The report emphasises the current unsold stock in the country is at 7,63,650 units during this span, which will take around 34 months to match the current sales momentum of the top eight cities. Image Source Also read: Housing sales sets high record with 70,623 sales in Q1 2022

Infrastructure Transport

16 Jun 2025

Rs 64 Billion Boost for Rail Links in Three States

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved two major railway infrastructure projects worth Rs 64.05 billion (approximately USD 770 million), aimed at enhancing connectivity and freight capacity across Jharkhand, Karnataka, and Andhra Pradesh.The approved projects involve the doubling of the Koderma鈥揃arkakana and Ballari鈥揅hikjajur railway lines, extending the Indian Railways network by 318 kilometres. These upgrades are expected to significantly reduce rail congestion, improve operational efficiency, and strengthen the logistics n..

Infrastructure Urban

16 Jun 2025

Hindustan Copper To Invest Rs 20 Billion In Expansion

State-run Hindustan Copper Ltd (HCL) will invest approximately Rs 20 billion (USD 240 million) over the next five to six years to expand its mining operations, primarily at its flagship Malanjkhand Copper Project (MCP) in Madhya Pradesh, according to Chairman and Managing Director Sanjiv Kr Singh.This capital expenditure forms part of the company's broader plan to triple its annual ore production capacity from 4 million tonnes to 12.2 million tonnes by the 2030鈥�31 financial year. The investment will be funded entirely by HCL and excludes separate revival efforts for the Rakha and Chapri mine..

Infrastructure Urban

16 Jun 2025

YEIDA Clears Rs 100 Billion Noida Film City Plan

The Yamuna Expressway Industrial Development Authority (YEIDA) has approved the revised layout plan for the ambitious Noida Film City project, clearing the way for the Rs 100 billion (approx. USD 1.2 billion) venture after earlier objections. The approval, granted on 10 June, follows the rectification of environmental and safety compliance issues by the developer consortium led by film producer Boney Kapoor.YEIDA had initially rejected the proposal on 27 May due to violations of designated green areas and the absence of mandatory no-objection certificates (NOCs). These issues have now been res..