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    Real Estate News: The year 2022 was great for real estate due to this reason! Developers building houses fast, full details

    Shehnaz AliBy Updated:No Comments2 Mins Read
    New Delhi: After the Covid-19 epidemic, real estate companies have completed the construction of more than four lakh houses in seven major cities of the country in 2022, speeding up the pace of construction of houses. Property advisory firm Anarock has said that in 2022, the construction work of 4.02 lakh houses in the seven major cities of the country will be completed, which is much higher than the figure of 2.79 lakh houses in 2021. However, the pace of construction of houses was severely affected in 2020 and 2021 during the Covid epidemic. Anarock has released this data regarding residential units built in the cities of Delhi-NCR, Mumbai Metropolitan Region, Pune, Bengaluru, Hyderabad, Chennai and Kolkata.

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    Most houses built in this city

    The Mumbai region accounted for the maximum number of 1.26 lakh units of houses to be completed in the year 2022. Only 70,500 houses were ready in the year 2021 in Mumbai. Whereas in the Delhi-NCR region, 86,300 houses were completed last year, which is marginally lower than 86,590 in 2021. Pune saw 84,200 units built while Bengaluru, Hyderabad and Chennai together saw 81,580 residential units built. In Kolkata, this figure is 23,190 units.

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    rapid construction of houses

    Anarock Chairman Anuj Puri said, “The year 2022 has been a stellar year for India’s real estate sector with sales surpassing the 2014 highs. To meet this demand, the developer’s focus is on completing the construction of houses soon. ”Puri said that in 2023 also more than 5.44 lakh houses are expected to be constructed. Of these, maximum 1,66,850 houses are likely to be constructed in the Delhi-NCR region. Apart from this, 1.33 lakh houses can be completed in the Mumbai region.

    Source: navbharattimes.indiatimes.com

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    Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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