The annual real estate report issued by property consultant Knight Frank, showed the city had recorded sales of 43,410 units in 2022, which the report said was a rise of 17 per cent from the previous year.
Most of the sales, the report said, were in the south, east and west zones of the city. Sales for 2022 were equally distributed in both halves with the first half of the year recording 21,613 units as compared to 21,247 units in the second half.
Sales in the below Rs 50 lakh ticket size showed a decline. “This change in share contribution can be attributed to an overall rise in the price of products. INR 1 crore properties also recorded an increase in share take up from 8% in H1 2022 to 9% H2 2022,” the report said.