October 13, 2023

Bengaluru Tops In India’s Apartment Market Sales In 2023 Quarter 2

This blog highlights Bengaluru’s significant contribution to India’s apartment market, with a remarkable sale of 21% among 64,547 units in Q2 2023, reflecting a 4% quarter-on-quarter growth. Middle-class projects, priced between Rs. 350 and Rs. 75 Lakh, dominated half-yearly sales, capturing a 24% share.

The premium segment, exceeding Rs. 1.5 Cr, constituted approximately 21% of total sales. Affordable apartments saw a decline from 29% in H1 2022 to 19% in H1 2023. Premium segment prices surged, leading to a substantial growth in premium apartment sales.

In the Rs. 1 Cr to Rs. 1.5 Cr category, sales witnessed a remarkable 67% year-on-year growth in H1 2023. Bengaluru secured the third-highest share with 15%, trailing behind Pune and Mumbai.

Overall, Bengaluru played a pivotal role, claiming a 21% share, followed by Mumbai and Pune. Q2 2023 witnessed an unsold inventory of around 524,000 units across India’s top 7 cities, with Mumbai, Hyderabad, and Bengaluru collectively constituting 63% of the unsold stock.

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Simple Techniques to Identify Your House Facing Direction

Complete Instructions for Determining Your Residence's Directional Alignment.  Begin by positioning yourself at the main entryway or principal access point. This location serves as your reference point for analysing the dwelling's positioning. Utilise a magnetic navigation tool to precisely identify the alignment. Maintain the instrument level and steady in your grasp. Keep the compass level and stable in your hands. The navigator gadget will indicate True North.

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