Housing sales jump 19%, new supply soars 43% across top 9 cities despite global uncertainty: Report

AI Summary

India's real estate market is growing robustly with a 19% rise in housing sales and a 43% surge in new supply across nine major cities in the April-June quarter. Bengaluru leads in sales, while southern India and Mumbai show strong demand amid stable economic fundamentals.

India's real estate sector is experiencing impressive momentum, marked by a 19% increase in sales during the April-June quarter, amounting to over 1.12 lakh units in nine major cities. New construction supply has also jumped by 43%. Bengaluru is at the forefront, showcasing excellent sales results, while southern regions and Mumbai reflect solid demand. The sector's strength lies in unwavering economic fundamentals and strong consumer confidence, despite global challenges.