India’s leading eight residential markets have demonstrated robust growth, with a 22% increase in sales and a 17% rise in new supply during the third quarter of the calendar year (July-September 2023), as per the latest data by PropTiger.com.

PropTiger.com released its ‘Real Insight Residential – July-September 2023’ report highlighting that sales of residential units have climbed to 1,01,220 units in the third quarter from 83,220 units in the same period last year.

All cities, except Chennai, registered a growth in sales, with Mumbai Metropolitan Region (MMR) and Pune accounting for nearly half of the total volume.

The quarterly report tracks eight major housing markets, including Delhi-NCR, MMR, Chennai, Kolkata, Bengaluru, Hyderabad, Pune, and Ahmedabad.

The data of the housing market includes sales of apartments and villas. Delhi-NCR includes the micro markets of Gurugram, Greater Noida, Noida, Faridabad and Ghaziabad. The MMR includes Mumbai, Thane and Navi Mumbai.

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