Q2 2023 records strongest quarterly sales since 2008: JLL
News release
11 July 2023
Residential sales surge to a 15-Year high in H1 2023
Authors
VS
Vatsala Sharma
| Sales (No of Units) | Q1 2023 | Q2 2023 | H1 2023 |
|---|---|---|---|
| Bengaluru | 13,029 | 13,596 | 26,625 |
| Chennai | 2,563 | 4,756 | 7,319 |
| Delhi NCR | 10,139 | 9,368 | 19,507 |
| Hyderabad | 8,123 | 7,802 | 15,925 |
| Kolkata | 3,160 | 2,662 | 5,822 |
| Mumbai | 12,988 | 13,200 | 26,188 |
| Pune | 12,038 | 13,163 | 25,201 |
| India | 62,040 | 64,547 | 126,587 |
| Sales (No of units) | H1 2022 | H1 2023 | Growth (%) | City % share in H1 2023 sales |
|---|---|---|---|---|
| Bengaluru | 23,452 | 26,625 | 14% | 21% |
| Chennai | 4,968 | 7,319 | 47% | 6% |
| Delhi NCR | 18,709 | 19,507 | 4% | 15% |
| Hyderabad | 9,449 | 15,925 | 69% | 13% |
| Kolkata | 7,753 | 5,822 | -25% | 5% |
| Mumbai | 23,793 | 26,188 | 10% | 21% |
| Pune | 16,802 | 25,201 | 50% | 20% |
| India | 104,926 | 126,587 | 21% | 100% |
| Sales by price range | H1 2022 (No of units) | H1 2022 (% share) | H1 2023 (No of units) | H1 2023 (% share) | Sales Growth % (H1 2023 over H1 2022) |
|---|---|---|---|---|---|
| Less than 50 lakh | 24,987 | 24% | 24,482 | 19% | -2% |
| 50 lakh –75 lakh | 28,933 | 28% | 30,125 | 24% | 4% |
| 75 lakh-1 crore | 17,529 | 17% | 21,848 | 17% | 25% |
| 1 crore-1.5 crore | 14,484 | 14% | 24,121 | 19% | 67% |
| Above 1.5 crore | 18,993 | 18% | 26,011 | 21% | 37% |
| Total | 104,926 | 100% | 126,587 | 100% | 21% |
| New Launches (No of Units) | Q1 2023 | Q2 2023 | H1 2023 | H1 2022 | % Growth (H1 2023 over H1 2022) | % Share in H1 2023 launches |
|---|---|---|---|---|---|---|
| Bengaluru | 11,745 | 11,329 | 23,074 | 23,795 | -3% | 15% |
| Chennai | 3,310 | 6,538 | 9,848 | 3,395 | 190% | 7% |
| Delhi NCR | 9,152 | 5,505 | 14,657 | 5,586 | 162% | 10% |
| Hyderabad | 13,844 | 14,930 | 28,774 | 26,253 | 10% | 19% |
| Kolkata | 3,737 | 1,205 | 4,942 | 6,194 | -20% | 3% |
| Mumbai | 16,867 | 19,200 | 36,067 | 33,794 | 7% | 24% |
| Pune | 16,340 | 17,436 | 33,776 | 22,475 | 50% | 22% |
| India | 74,995 | 76,143 | 151,138 | 121,492 | 24% | 100% |
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