Housing sales across the top seven cities i.e.Pune ,Chennai,Delhi-NCR, Hyderabad,Kolkata,Mumbai  Metropolitan Region (MMR) and Bengaluru touched approximately 1,20,280 units in July-September 2023 as against about 88,230 units in Q3 2022, registering a growth of 36% year-on-year, according to a recent report by Anarock.

Among the top seven cities, MMR recorded the highest housing sales of approx. 38,500 units, followed by Pune with approx. 22,880 units, cumulatively, the two western cities accounted for 51% of total sales seen across the top 7 cities in Q3 2023. In terms of growth, MMR saw a 46% annual rise in housing sales, while Pune saw a massive 63% yearly jump," said Anuj Puri, chairman of the company.

The top seven cities also witnessed significant new supply with over 1,16,220 units added in the quarter, against 93,490 units in corresponding period of 2022 - a 24% annual supply increase.

"City-wise, MMR also topped in new supply with approx. 36,250 units added in Q3 2023 - a modest 1% annual growth," says Puri. "Hyderabad, on the other hand, saw a 60% yearly rise in supply with approx. 24,900 units added in this period."

In terms of budget segments, the mid-range segment (homes priced between Rs 40–80 lakh) continued to dominate with a 28% share of the total new supply in Q3 2023. The luxury segment (homes priced >Rs 1.5 crore) and premium segment (Rs 80 lakh – Rs 1.5 crore) were close behind with a 27% share each. 

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