Bengaluru and MMR propel Q1 2022 residential sales by 148% over pre-Covid levels: JLL
Bengaluru and Mumbai together accounted for 46% of the quarterly sales
Mumbai, April 08, 2022: Led by Bengaluru and MMR, the residential apartment market in India recorded sales of close to 52,000 units in Q1, 2022 (Jan to March), an increase of 11% on a sequential basis. Sales for the quarter also surpassed the average quarterly sales for the pre-Covid 2018-19 period by a significant 148%, according to JLL’s Residential Market Update – Q1 2022.
Bengaluru contributed 24% of the sales activity during the quarter, followed by Mumbai with 22% and Delhi NCR accounting for 17%, while Pune represented 16% of overall sales. Sales in Q1 2022 scaled a new peak for the second straight quarter (since Q2 2013) as Bengaluru clocked the highest ever quarterly sales and MMR saw its sales stand at an 11-year high in the quarter.
|Average Quarterly Sales 2018||Average Quarterly Sales 2019||Q1, 2022|