"Despite challenges like elevated interest rates and global uncertainties, the industry has demonstrated robustness. The RBI s decision to pause rate hikes in April, coupled with pent-up post-pandemic demand, has significantly bolstered buyer confidence,” said Dhruv Agarwala, Group CEO, Housing.com.
According to MahaRERA data, in the first half of 2023, around 11,000 units of 1 BHK apartments were launched, compared to around 18,000 in the entire calendar year of 2022.