Branded real estate developers may corner 50% mkt share this year: Anarock
Branded real estate developers are likely to capture more than 50 per cent market share in expected total housing sales at record 3.6 lakh units this year across seven major cities, according to Anarock.
In his round-up of India's primary residential market for 2022, property consultant Anarock Chairman Anuj Puri has highlighted that housing sales this year would be over 3.6 lakh units across the seven cities, surpassing the previous high of 3.43 lakh units in 2014.
The seven cities are Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune.
Among the new trends, Puri said the demand was driven by end-users and the Grade A developers have cornered more market share.
"Demand, driven primarily by end-users, was mainly focused on projects by Grade A developers, who gained even more market share in 2022," he said.
About 60 per cent of the 2.65 lakh units launched during January-September 2022 was by branded developers.
Puri noted that these brand