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However, Chennai saw a 19 per cent decline in new launches to On an annual basis, housing prices have risen in the range of 4 -
9,994 units in 2022 from 12,373 units in the previous year. 7 per cent primarily due to an increase in the input costs and
demand comeback post-COVID, the consultant said.
In the Delhi-NCR market, new launches of residential properties
fell 20 per cent to 25,355 units during the last calendar year from Unsold housing stock stood at 6,30,953 units across these seven
31,706 units in 2021. cities at the end of 2022.

On the new supply outlook, Anarock Chairman Anuj Puri said new
launches are expected to remain well under control across most
top cities.

Ready-to-move-in will continue to top buyer demand but the
demand for new launches will also gain momentum. This is
largely because the new supply in the market is and will continue
to be dominated by the large and listed developers in the new
year," he observed.

Puri highlighted that there is a sense of confidence among the
buyers for these large listed developers.

hence they will continue to perform well and see significant sales,
just as they did in 2022," he added.

Among other findings, the report said housing sales rose 54 per
cent across these seven cities in 2022 to 3,64,873 units -- an all-
time high-- from 2,36,516 units in the previous year.

22 / CONSTRUCTION VISION / February-March 2023