Statsguru: 6 charts explain increasing sales of residential units in India

Increasing sales of residential units have led to a higher number of new launches. About 157,000 new units were sold in the first half of 2023, according to the recently released Knight Frank (India Real Estate H1 2023) report. 

This is close to the multi-year- high number of 159,000 units sold in the first half of 2022. The number of new launches was around 173,000 in the first half of 2023. This is higher than the units sold. In fact, launches have now outnumbered sales since early 2022. This had previously happened only during the lockdown period and the second