Boom Time : Housing Sales In Volume Terms Grew 11 % Across 7 Cities In Q3 ; Says ICRA

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Housing sales in volume terms grew 11 per cent in the third quarter of this fiscal across seven cities on better demand, according to rating agency ICRA.

“At 149 million square feet (msf), the reported sales in Q3 FY2023 in the top seven cities in India is the highest quarterly sales recorded in over ten years,” ICRA said in a statement , reported PTI.

Residential real estate sector saw strong demand in Q3 of FY2023 with 11 per cent year-on-year (YoY) growth in area sold, it added.

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