Various factors might have led to value appreciation for India's housing market, but the sector achieved impressive levels of growth in 2022 amid a change in buyer outlook towards immovable assets in the post-pandemic era, says the Economic Survey 2022-23. According to the Survey, tabled by Finance Minister Nirmala Sitharaman on January 31, 2023, the sector has witnessed resilient growth in the current...
Unsold housing stock in India's mega housing markets has declined significantly due to strong sales momentum, driven by strong housing demand. Economic Survey 2022-23, The unsold inventory at the end of 2022 stood at 8.5 lakh, with 80% of the stock under various stages of construction, said the survey citing PropTiger data. Citing PropTiger data tabled in the Lok Sabha on January 31, 2023, by Finance...