Housing sales in FY23 up 48% at Rs 3.47 trn due to higher volumes: Anarock

Housing sales rose 48 per cent year-on-year to Rs 3.47 lakh crore during the last fiscal across seven major cities on higher volumes and better price realisation, according to Anarock.

Real estate consultant Anarock reported that sales of residential properties in value terms increased to Rs 3,46,960 crore last fiscal from Rs 2,34,850 crore in 2021-22.

In volume terms, sales grew 36 per cent to 3,79,095 units in 2022-23 from 2,77,783 units in the previous year.

The data pertains to the transactions of primary (fresh sale) housing market.

"India's residential real estate segment continues to show boundless forward momentum, and is setting unprecedented benchmarks," said Anuj Puri, Chairman, Anarock Group.

According to the data, housing sales in Delhi-NCR rose 42 per cent to Rs 50,620 crore last fiscal from Rs 35,610 crore in the previous year.

In Mumbai Metropolitan Region (MMR), sales grew 46 per cent to Rs 1,67,210 crore from Rs 1,14,190 crore.

Housing sales in Bengaluru incre