Housing sales in the top seven cities in India — including New Delhi, Mumbai, Bengaluru, Pune, Hyderabad, Chennai, Kolkata — witnessed a year-on-year surge of 31 per cent to an all-time high 4,76,530 units so far in 2023, according to real estate consultant ANAROCK.

The growth came even as residential prices collectively rose by about 15 per cent annually in the top seven cities, with Hyderabad witnessing the highest rise at 24 per cent.

“2023 has been phenomenal for the Indian housing sector, despite global headwinds, rising domestic property prices, and interest rate hikes over the first half this year,” Anuj Puri, Chairman, ANAROCK Group, said.