New Delhi, Jan 16 (FN Bureau) Year 2022 saw record high housing sales and new launches across the top 7 cities. Latest ANAROCK data reveals that unit completions have also remained on top between 2017 till 2022. Approx. 4.02 lakh homes were completed in 2022 in these cities – 44 per cent higher than in 2021, when approx. 2.79 lakh homes were completed. Of the total completed homes in 2022, the highest were in MMR – approx. 1,26,720 units, almost 80% more than in 2021 (when approx. 70,500 units were completed). Anuj Puri, Chairman – ANAROCK Group, said, “2022 was a watershed year for the Indian housing sector, with sales breaching the previous peak levels of 2014. In response to this high demand, developers remained focused on completing their previously launched projects.
2022 saw the highest rate of completions (4.02 lakh units) between 2017 and 2022 across the top 7 cities.” “Over 5.44 lakh units are scheduled to be completed across the top 7 cities in 2023,” said Puri. “Construction activity was, and will hopefully remain, least impacted even if the pandemic resurfaces, so most completions in 2023 may be as per schedule. Certainly, developers are committed to completing previously launched projects before launching new ones,’’ he added.