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Around 58% builders expect housing prices to rise further in 2023: Survey

Around 58% of developers feel that housing prices are likely to rise in 2023 amid volatile input costs, economic uncertainties and sustained inflation rates,

The Real Estate Developers’ Sentiment Survey 2023 showed that 43% of developers saw a 10-20% rise in project costs in 2022 amid increasing input costs.

As many as 341 real estate developers from various parts of the country participated in the joint survey conducted during the last two months.

The survey report also observed that 43% of developers expect residential demand to remain stable in 2023, while 31% feel the demand would increase up to 25%.

Delhi-NCR housing sales jump 67% in 2022; half the units sold in H2 priced over Rs 1 crore

Sales in Noida and Greater Noida hit by the limited availability of new inventory and lack of completed projects. Total unsold inventory in NCR crosses 1 lakh units.