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      Residential

      Hottest Residential Markets of 2022

      Hottest Residential Markets of 2022
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      By Anuj Puri, Chairman Anarock Group

      Various micro-markets across the top 7 cities saw significant activity in terms of new launches and housing sales. Torbit Realty lists top 3 micro-markets in each of these markets  with maximum new launches in the January-September   period of 2022.:

      In Bangalore ,the top 3 micro-markets with highest supply were Sarjapur Road, Whitefield, and Bommasandra.  These three markets saw a combined new supply of about . 14,415 unts in the first nine months of 2022.  The top 3 micro-markets  of MMR with highest supply were Thane West, Dombivli, and Kalyan. Approximately. 23,620 units were launched in these three areas in the Jan-Sept period. In the NCR , the top 3  markets were New Gurugram, Dwarka Expressway and Greater Noida West with a collective new supply of nearly 13,550 units during this period . Pune’s top 3 markets included Moshi, Kharadi, and Hinjewadi. which had a combined new supply of about. 9,955 new units in the first nine months of 2022. In Hyderabad, ,the top 3 micro-markets with highest supply of roughly 13690 units  were Puppalaguda, Tellapur, and Ameenpur . The top 3 micro-markets of Chennai  were Madhavaram, Medavakkam, and Guduvancheri, with approximately. 1,540 units added in the first nine months of 2022.   Kolkata’s top 3 micro-markets of Rajarhat, Narendrapur, and New Town, together saw nearly. 5,450 units launched from January-September  2022

       

      Top Micro Markets – Supply & Avg. Price Appreciation (Last 5 Years)

       

      Bangalore
      Micro MarketLaunched UnitsAverage price (Year 2022)Average Price (Year 2017)% Change in 5 Yrs
      Sarjapur Road9,0966,5005,30023%
      Whitefield3,4075,4004,45021%
      Bommasandra1,9123,9003,30018%

       

      Chennai
      Micro MarketLaunched UnitsAverage price 2022Average Price 2017% Change in 5 Yrs
      Madhavaram5985,7004,80019%
      Medavakkam4755,5004,65018%
      Guduvancheri4684,2503,70015%

       

      Hyderabad
      Micro MarketLaunched UnitsAverage price 2022Average Price 2017% Change in 5 Yrs
      Puppalaguda5,6836,3004,10054%
      Tellapur4,0655,5004,30028%
      Ameenpur3,9415,0004,10022%

       

      Kolkata
      Micro MarketLaunched UnitsAverage price 2022Average Price 2017% Change in 5 Yrs
      Rajarhat2,6184,6503,90019%
      Narendrapur1,6243,8503,40013%
      New Town1,2125,2004,50016%

       

      MMR
      Micro MarketLaunched UnitsAverage price 2022 (On Carpet)Average Price 2017 (On Carpet)% Change in 5 Yrs
      Thane West10,92819,10016,00019%
      Dombivli7,63810,4008,60021%
      Kalyan5,0559,0007,70017%

       

      NCR
      Micro MarketLaunched UnitsAverage price 2022Average Price 2017% Change in 5 Yrs
      New Gurgaon6,9256,3705,50016%
      Dwarka Expressway4,9445,7005,00014%
      Greater Noida West1,6823,8503,30017%

       

      Pune
      Micro MarketLaunched UnitsAverage price 2022 (On Carpet)Average Price 2017 (On Carpet)% Change in 5 Yrs
      Moshi3,4248,2006,80021%
      Kharadi3,30210,0008,50018%
      Hinjawadi3,2297,8006,80015%
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