India demonstrated strong resilience to global uncertainties in 2022 - a stark contrast to many of the advanced economies. The country maintained strong performance in 2022 across all sectors, primarily due to robust domestic demand.

This optimism and consumer confidence was also visible in the real estate sector, which came out of a prolonged downcycle and registered growth across the entire real estate industry - residential, offices, retail, and warehousing. 

The Indian Housing Price Index, jointly developed by Housing.com and the Indian School of Business, registered an increase in new property sales volumes in Q4 2022. The property sales index grew by 36% on a yearly basis.

Sales volumes in India last year breached the pre-pandemic levels recorded in 2019. The rise stems from a renewed confidence towards residential property as a secured investment avenue and is topped by end-user demand towards homeownership.

The unit price for residential property across all of India witnessed a 5.5% jump in Q4, compared to Q4 2021, and a 2.3% increase over Q3 2022.