India’s residential housing demand expanded by 14.2 percent year on year in the fourth quarter (January-March) of the fiscal year 2022-23, according to a property index maintained by Indian housing solutions website Magicbricks on Tuesday, April 25.
The property consultant and solutions provider said that supply of residential housing was up 1.9 percent during the quarter.
“We are confident about the growth trajectory for residential demand in the upcoming quarters given the under-served demand for home ownership in the inexpensive and mid-range sector. In addition to new projects and accelerated delivery of properties that are still being built, we predict that the market will stabilize and create new opportunities of investment,” Magicbricks said.