Housing demand, supply revive in Apr-June quarter

NEW DELHI: The housing demand and provide in 13 cities within the nation witnessed a revival within the April-June quarter of 2022. Magicbricks’s newest PropIndex Report for the quarter stated the variety of on-line searches and listings has risen significantly.
In April-June 2022, pan-India residential searches rose 16. 9% from the earlier quarter and 27. 7% in opposition to the identical interval final yr, and listings grew 2. 9% QoQ and 16. 2% YoY. The report stated that the expansion mirrored a promising comeback from the pandemic-induced slowdown and the general financial restoration throughout sectors.
Mapping traits in 13 cities throughout the nation, the report confirmed demand in on-line searches in Q2 grew in Delhi by 47. 2%, Ahmedabad by 21. 4%, Kolkata 21. 2%, Noida 20. 6%, Bengaluru 18. 8%, and Mumbai by 16. 5%.