Residential

There were also few launches in the quarter.

This is equivalent to 3,573 units.

The median rent for a 2-bed unit is AUD540 per week.

Over 60% of the sales were from Gurgaon.

The Americans overtook the Chinese in terms of foreign residential demand.

Primary sales plummeted 53.2% to just 672 units.

Demand has been increasing despite rising mortgage rates.

The office sector, meanwhile, is slowly recovering.

It’s the lowest since 277 units were sold back in April 2020.

This is a new record for the rental levels. 

Overall private residential prices grew 3.8% QOQ in Q3 2022.

The primary market sales also declined 8.2%.

New launches declined 13% to 22,368 in Q3.

A majority of the launches were in Gurugram.

Slow down in price growth may be felt by the fourth quarter of the year, OrangeTee said.

This is the highest monthly sales since May 2022.