Despite hike in prices, sale of residential properties rises in Delhi NCR

In terms of new launches, Delhi NCR witnessed negative growth of 28% in 2022 at 15,699 units as compared to the preceding year

Delhi NCR registered brisk sales of residential property in the calendar year 2022, registering a 19% jump over the previous year.

According to the real estate consultancy PropEquity, the total sales of residential real estate in Delhi NCR stood at 32,789 units in 2022 as compared to 27,553 units in the previous year. The cities considered in the Delhi NCR were, New Delhi, Gurugram, Faridabad, Noida, Greater Noida, and Ghaziabad. Whereas, the segment wise categories were; Affordable- Less than 75 lacs, Mid- 75 lacs to 1.5 crores, Luxury- More than 1.5 crores

Delhi NCR’s weighted average price of the homes