In the top eight cities in the country, residential space increased by 60% yearly over the time, from 99,416 housing units in the first half of 2021 to 158,705 housing units now.

According to global real estate consulting company Knight Frank, which has its London headquarters, India’s residential real estate market saw sales volume reach a 9-year high during the first half of 2022 (January-June).

In the top eight cities in the country, residential property in gurgaon increased by 60% yearly over the time, from 99,416 housing units in the first half of 2021 to 158,705 housing units now.

In the past, such volumes had been reported, according to a statement.

Launches of new housing units increased by 56% year over year between January and June 2022, totaling 160,806 units.

The commercial sector was dominated by Bengaluru and Delhi NCR.

According to Shishir Baijal, Chairman and Managing Director of Knight Frank India, “home buying has enjoyed a robust resurgence since the beginning of the epidemic and continues despite inflationary concerns in the economy.”

Further, according to Baijal, the office market’s strong performance during the first half of 2022 has set the tone for the year ahead, and occupancy rates are increasing as more businesses encourage their workers to return to the office.

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