Residential apartment sales clocked 269,407 units in FY 22 across tier I cities, an increase of 41% from FY 21 when the sales were 191,093 units.

Sales improved maximum in Bangalore (67%) and minimum in Kolkata (5%) yearly.

Overall sales across tier 1 cities increased by 8% (YoY). 75,487 units in Q4 FY 22 Vs. 69,691 units in Q4 FY 21.

Sales witnessed maximum recovery in Chennai by 21%, followed by Hyderabad (20%), Ahmedabad and Pune (17%),

Bangalore and MMR (2%), and NCR (1%) and decreased by 4% in Kolkata on YoY basis.
Unsold units remained stable on a QoQ basis, and the current unsold across the top 8 cities stands at 901,967 units. It decreased maximum in Bangalore by -5% QoQ and -23% YoY.

Months’ inventory dropped by two months in Tier I cities and is now 36 months in Mar-21. Inventory overhang of Bangalore and Pune are lowest among the tier 1 cities at 21 and 25 months, respectively. Prices in tier I cities increased 1% on QoQ and 3% on a YoY basis.

Tier I cities had recorded a sales growth of 41% in with 269,407 units, compared to previous year. Sales across the Tier I cities improved with all cities showcasing an upward movement.

Sales witnessed maximum gain in Bangalore by 67%, followed by Chennai (50%), Pune (49%), Hyderabad (48%), Ahmedabad (39%), MMR (33%), NCR (30%) and Kolkata (5%).

Overall sales across tier I cities stayed similar in FY22 compared to FY20. Sales witnessed maximum recovery in Chennai and Pune by 25%, followed by Hyderabad (17%), Bangalore (9%). Sales in Kolkata decreased by 30% on NCR (28%), Ahmedabad (5%), and MMR (4%).

Tier I cities had recorded a sales growth of 7% in the Mar quarter (Q4 FY 21-22) with 75,487 units, compared to previous quarter. Sales across the Tier I cities improved with all cities showcasing an upward movement except for Bangalore. Sales witnessed maximum gain in Hyderabad by 18%, followed by Chennai and Kolkata (15%), MMR (12%), Pune (9%), Ahmedabad (3%), NCR (2%). Sales decreased in Bangalore by 4%

Overall sales across tier I cities increased by 8%. Sales witnessed maximum recovery in Chennai by 21%, followed by Hyderabad (20%), Ahmedabad and Pune (17%), Bangalore and MMR (2%), and NCR (1%) Sales in Kolkata decreased by 4% on YoY basis.

Consolidated tier 1 cities’ unsold stock remains stable in Q4 FY 21-22. The unsold stock increased in Hyderabad by 14%, Ahmedabad by 6% and MMR by 4% while it declined or remained stable in all other cities.

Unsold stock in Tier I cities decreased only by 1% in Mar-22 compared to the same period last year. Bangalore witnessed the maximum decline in unsold stock (23%), followed by Kolkata (15%), Pune (11%), NCR (5%), and Chennai (1%). Unsold stock increased in Hyderabad by 41%, Ahmedabad by 24% and in MMR by 1%.

Months’ inventory dropped by 2 months in Tier I cities and is now standing at 36 months in Mar-21. Inventory overhang of Bangalore and Pune are lowest among the tier 1 cities at 21 and 25 months, respectively. Chennai and NCR has the highest months inventory in the quarter with 52 months.

Overall months inventory decreased by 3 months on YoY basis. Maximum drop in months inventory happened in Pune by 7 months and is now having 25 months as overhang. Hyderabad witnessed an increase of 5 months in months inventory and reached a value of 29 months.

Tier I cities had recorded new launches of 84,422 units in the Mar quarter (Q4 FY 21-22) which is a 14% increase compared to last quarter when it was 74,237 units. New launches witnessed maximum gain in MMR by 59%, followed by Hyderabad (30%), Pune
(12%), and Bangalore (2%). New launches declined in Chennai by 36%, NCR by 30%, Kolkata by 19% and in Ahmedabad by 1%.

Overall New Launches across tier I cities increased by 46%. New launches witnessed maximum increase in Ahmedabad by 201%, followed by Hyderabad (132%), Kolkata (97%), MMR (83%), Pune (35%). • New launches declined in Chennai, Bangalore and
NCR by 74%, 21% and 13% respectively.

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