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Premium segment apartments are experiencing robust sales
Bengaluru, Mumbai, and Pune together account for 61% of the quarterly sales
New launches in Q1 2023 highest in over a decade
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Sales by price range Q1 2022 Sales
(in units)		 Q1 2022 Sales
(in %)		 Q4 2022 Sales
(in units)		 Q4 2022 Sales
(in %)		 Q1 2023 Sales
(in units)		 Q1 2023 Sales
(in %)		 % Increase
(Q1 2023 over Q1 2022)
Less than 50 lac 11,496 22% 9,993 18% 10,962 18% -5%
50 lac to 0.75 lac 14,589 28% 14,298 26% 15,224 25% 4%
75 lac to 1 cr 9,358 18% 9,199 17% 10,644 17% 14%
1 cr to 1.5 cr 7,120 14% 9,547 18% 11,592 19% 63%
Above 1.5 cr 9,262 18% 11,025 20% 13,618 22% 47%
Total 51,825 100% 54,062 100% 62,040 100% 20%

Note: Mumbai includes Mumbai city, Mumbai suburbs, Thane city, and Navi Mumbai. Data includes only apartments. Rowhouses, villas, and plotted developments are excluded from this analysis.
Source: Real Estate Intelligence Service (REIS), JLL Research

Sales by city Q1 2022 Q4 2022 Q1 2023 Q1 2023 (% share) q-o-q Growth (%) y-o-y Growth (%)
Bengaluru 12,202 11,203 13,029 21.00% 16.30% 6.80%
Mumbai 11,648 11,479 12,988 20.90% 13.10% 11.50%
Pune 8,098 9,848 12,038 19.40% 22.20% 48.70%
Delhi NCR 8,633 8,987 10,139 16.30% 12.80% 17.40%
Hyderabad 4,012 7,824 8,123 13.10% 3.80% 102.50%
Kolkata 3,806 2,499 3,160 5.10% 26.50% -17.00%
Chennai 3,426 2,222 2,563 4.10% 15.30% -25.20%
India 51,825 54,062 62,040 100% 14.80% 19.70%

Mumbai includes Mumbai city, Mumbai suburbs, Thane city, and Navi Mumbai. Data includes only apartments. Rowhouses, villas, and plotted developments are excluded from our analysis.
Source: Real Estate Intelligence Service (REIS), JLL Research.

No of new launches by city Q1 2022 Q4 2022 Q1 2023 Q1 2023 (% share) q-o-q Growth (%) y-o-y Growth (%)
Mumbai 16,289 16,454 16,867 22.50% 2.50% 3.50%
Pune 9,380 14,076 16,340 21.80% 16.10% 74.20%
Hyderabad 12,648 12,139 13,844 18.50% 14.00% 9.50%
Bengaluru 13,795 10,391 11,745 15.70% 13.00% -14.90%
Delhi NCR 2,576 3,986 9,152 12.20% 129.60% 255.30%
Kolkata 3,216 3,581 3,737 5.00% 4.40% 16.20%
Chennai 2,403 2,334 3,310 4.40% 41.80% 37.70%
India 60,307 62,961 74,995 100.00% 19.10% 24.40%

Mumbai includes Mumbai city, Mumbai suburbs, Thane city, and Navi Mumbai. Data includes only apartments. Rowhouses, villas, and plotted developments are excluded from this analysis.
Source: Real Estate Intelligence Service (REIS), JLL Research.