Housing sales makes new peak in 2023
11 months, 3 weeks ago

Housing sales makes new peak in 2023

Deccan Chronicle  

Chennai: Housing sales in the top 7 cities have created a new peak in 2023, increasing 31 per cent over the previous year. Around 4,76,530 housing units were sold in 2023 in the top 7 cities, against 3,64,870 units in 2022 – 31 per cent increase. In terms of supply, around 4,45,770 new units were launched in 2023 against 3,57,640 units in 2022 – growth of 25 per cent. Available inventory decreased by 5 per cent in 2023 over 2022 despite generous new supply during the year.

Cities Affordability Units Cent 2023  peak  ratio  2023  housing  cent  affordability  sales  index  cities  2022  makes  units

History of this topic

Housing sales in Dec qtr to fall 21 pc in top 9 cities; demand up 25 pc in NCR: PropEquity
2 days, 14 hours ago

Housing sales in Dec qtr to fall 21 pc in top 9 cities; demand up 25 pc in NCR: PropEquity

Live Mint  

New Delhi, Dec 21 Housing sales are estimated to fall 21 per cent annually across nine major cities during October-December period to 1.08 lakh units on high base effect, according to PropEquity. Housing sales are estimated to fall in Hyderabad by 47 per cent to 12,682 units during October-December 2024 from 24,044 units in the year-ago period. In Bengaluru, sales …

Mumbai real estate: Check out these 5 deals priced at ₹100 crore and more in this luxury project in Worli
2 weeks, 2 days ago

Mumbai real estate: Check out these 5 deals priced at ₹100 crore and more in this luxury project in Worli

Hindustan Times  

The Mumbai real estate market's luxury segment has been on fire since the pandemic, with luxury apartments worth over ₹100 crore selling like hotcakes. Mumbai real estate market's luxury segment has been on fire since the pandemic, with luxury apartments worth over ₹ 100 crore selling like hotcakes In the last six months, at least five transactions with a price …

Avg housing prices up in 23 major tier II cities; rates fall in 5 small towns: PropEquity
2 weeks, 4 days ago

Avg housing prices up in 23 major tier II cities; rates fall in 5 small towns: PropEquity

Live Mint  

New Delhi, Dec 5 The weighted average prices of housing projects launched across 23 tier-II cities during January-September this year increased up to 65 per cent, while rates fell in five cities, according to PropEquity. According to data compiled by real estate data analytic firm PropEquity, Jaipur saw the maximum 65 per cent rise in weighted average prices to ₹6,979 …

Real estate prices in Tier 2 cities: Jaipur records highest growth in property prices at 65%
2 weeks, 4 days ago

Real estate prices in Tier 2 cities: Jaipur records highest growth in property prices at 65%

Hindustan Times  

The weighted price of new launch projects in the top 30 tier II cities increased by up to 65% between 2023 and October 2024. In North India, Jaipur saw the highest rise in the weighted average price of new launch projects, at 65%, from ₹4240 per sq. Price rise in Tier 2 cities in the Southern and Western regions In …

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report
2 weeks, 4 days ago

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report

ABP News  

India saw the sale of 2.3 lakh homes valued at Rs 3.8 trillion in the first nine months of 2024, with an average sale price of Rs 1.64 crore per apartment, driven mainly by premium projects, particularly in Delhi NCR, according to global real estate consultancy firm JLL. “With capital values surging and being at an all-time high, close to …

Year-ender 2024: Housing sales across 7 cities including Delhi NCR, Mumbai, Bengaluru expected to touch 3.05 lakh units
2 weeks, 4 days ago

Year-ender 2024: Housing sales across 7 cities including Delhi NCR, Mumbai, Bengaluru expected to touch 3.05 lakh units

Hindustan Times  

Housing sales across the top seven cities- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad - are expected to touch 3.05 lakh on the back of increase in demand. Year-ender 2024: Housing sales across the top seven cities- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad - are expected to touch 3.05 lakh on the back of increase in demand. …

Housing prices in Tier II cities see up to 65 per cent surge: Report
Trending News
2 weeks, 5 days ago

Housing prices in Tier II cities see up to 65 per cent surge: Report

New Indian Express  

The weighted average price of new launch projects in the top 30 Tier II cities increased by up to 65 per cent between 2023 and October 2024, according to a report by NSE-listed data analytics firm PropEquity. In North India, Jaipur recorded the highest rise in the weighted average price of new launch projects at 65 per cent, increasing from …

Affordable housing shortage to touch 312 lakh units by 2030: CII-Knight Frank report
2 weeks, 5 days ago

Affordable housing shortage to touch 312 lakh units by 2030: CII-Knight Frank report

Hindustan Times  

Affordable housing in India is expected to touch 312 lakh units by 2030 with a potential market size of ₹67 trillion, a report by Confederation of Indian Industry and Knight Frank has said, adding the segment could also provide several opportunities for financial institutions. Affordable housing in India is expected to touch 312 lakh units by 2030 with a potential …

Affordable housing market set to touch Rs 67 trillion by 2030, supplies to cross 31 million units
2 weeks, 6 days ago

Affordable housing market set to touch Rs 67 trillion by 2030, supplies to cross 31 million units

New Indian Express  

MUMBAI: The affordable housing market is slated to touch Rs 67 trillion, offering lenders a goldmine of Rs 44.6 trillion in funding opportunities by 2030 when over 31 million units will be deployed, says an industry report. According to realty consultancy firm Knight Frank, the existing shortage plus the upcoming demand for affordable housing segment is estimated to be 30.7 …

Home prices in India to rise 6.5% in 2025, driven by demand from wealthy: Survey
3 weeks ago

Home prices in India to rise 6.5% in 2025, driven by demand from wealthy: Survey

Deccan Chronicle  

Average home prices in India are set to rise steadily over the coming years driven mainly by demand from wealthy individuals, while the rising cost of living will make owning a property unattainable for most people, a Reuters poll found.While India's middle class tightens its belt, cutting back on everything from tea to two-wheelers due to soaring consumer inflation, the …

Properties worth ₹50 lakh: Here’s what you can buy in Mumbai and MMR
3 weeks, 3 days ago

Properties worth ₹50 lakh: Here’s what you can buy in Mumbai and MMR

Hindustan Times  

Mumbai real estate market is the most expensive real estate market in the country and purchasing a home in the financial capital is a dream come true for many homebuyers considering that apartments cost as much as ₹20,000 per sq ft to ₹1.50 lakh per sq ft if not more. "With a budget of ₹50 lakh in Mumbai, homebuyers can …

Ahmedabad Clocks The Highest Rental Returns As Property Prices Continue To Climb: Magicbricks
3 weeks, 5 days ago

Ahmedabad Clocks The Highest Rental Returns As Property Prices Continue To Climb: Magicbricks

ABP News  

The Indian rental market has seen a major increase in the average gross rental yield across major cities, a report compiled by Magicbricks revealed. The average rental returns in the country reached 3.62 per cent in 13 major cities, with Ahmedabad leading the list with the highest rental yield of 3.9 per cent, the survey revealed. The study found that …

Rate cuts may help optimize home affordability, Kolkata most affordable housing market
3 weeks, 6 days ago

Rate cuts may help optimize home affordability, Kolkata most affordable housing market

Hindustan Times  

Most real estate markets across the country, especially Mumbai and Pune are expected to approach optimal affordability levels by 2025 with a projected interest rate cut on the horizon, while Kolkata is set to maintain its status as the most affordable market, potentially hitting new peaks, according to JLL’s Home Purchase Affordability Index. Rate cuts may help optimize home affordability …

Mumbai and Delhi among top APAC cities to record highest price growth in the luxury housing segment
1 month ago

Mumbai and Delhi among top APAC cities to record highest price growth in the luxury housing segment

Hindustan Times  

Mumbai and Delhi-NCR are among the top cities in the Asia Pacific region to record the highest annual price growth in the luxury housing segment. Mumbai and Delhi are among the top cities in the Asia Pacific region to record the highest annual price growth in the luxury housing segment. The average price for the prime residential market in the …

Mumbai and Delhi rank among the fastest-growing luxury real estate markets in Asia-Pacific: Knight Frank
1 month ago

Mumbai and Delhi rank among the fastest-growing luxury real estate markets in Asia-Pacific: Knight Frank

Live Mint  

India’s real estate sector is experiencing a boom fueled by robust economic growth, infrastructure upgrades, and evolving lifestyle aspirations. In Q3 2024, the city recorded an 11.5 per cent year-on-year increase in luxury real estate prices, which now average $953 per square foot. Shishir Baijal, Chairman and Managing Director of Knight Frank India, emphasised, "India's residential real estate sector is …

Average Home Prices In Top 7 Cities Hit Rs 1.23 Crore, Anarock Data Reveals
1 month ago

Average Home Prices In Top 7 Cities Hit Rs 1.23 Crore, Anarock Data Reveals

ABP News  

Average ticket size of homes sold in the top seven cities in India touched Rs 1.23 crore in the first half of the 2024-25 fiscal year, in comparison to Rs 1 crore in the same period a year earlier. The data showed that average ticket size climbed to Rs 1.21 crore in Bengaluru in H1FY25, in comparison to Rs 0.84 …

Mumbai real estate market: 5 luxury apartment deals that cost ₹100 crore and above
Trending News
1 month, 1 week ago

Mumbai real estate market: 5 luxury apartment deals that cost ₹100 crore and above

Hindustan Times  

Mumbai real estate market has witnessed some of the costliest luxury apartment deals across the country of which a few properties have been sold for ₹1.50 lakh per sq ft and above. 1 Apartments sold for ₹ 198 crore in Oberoi’s Three Sixty West project in Worli In a recent transaction, promoter of wires and cables manufacturer RR Kabel Ltd, …

Real Estate Investment in India: Top Cities 2024
1 month, 2 weeks ago

Real Estate Investment in India: Top Cities 2024

The Hindu  

India’s growing economy and development are changing real estate investment in India like never before. What are the advantages of Real Estate Investment in India: In India’s cities, promising real estate investments are supported by the country’s rapidly growing economy, appealing demographics, and urban development. Top Indian Real Estate Investment Cities in India: Bengaluru: Often referred to as the “Silicon …

Top 6 Cities in India See Significant Surge in Home Sales in Q3 2024
1 month, 4 weeks ago

Top 6 Cities in India See Significant Surge in Home Sales in Q3 2024

Hindustan Times  

Indian homeowners have shown a strong interest in purchasing homes in major cities across the country during the January-September period of 2024. Pune and Delhi-NCR emerged as top performers, with a combined value of ₹4.26 lakh crore sold during the quarter. Delhi-NCR led the way with sales worth ₹1.2 lakh crore, while Pune sold the highest number of units at …

Mumbai real estate: Residential property sales dip 14.79% in September
2 months, 3 weeks ago

Mumbai real estate: Residential property sales dip 14.79% in September

Hindustan Times  

Mumbai: The sale of residential homes in Mumbai took a beating this September as 14.79% lesser homes were sold during the month compared to September 2023, according to data from the state government’s department of registration and stamps. Property sales dip 14.79% in Sept ’24 A total of 10,693 homes were sold in September last year while this year, the …

Housing inventory overhang at record low of 22 months in Q2 2024 as sales soar; Ahmedabad, Delhi-NCR top performers
2 months, 3 weeks ago

Housing inventory overhang at record low of 22 months in Q2 2024 as sales soar; Ahmedabad, Delhi-NCR top performers

Hindustan Times  

India’s residential real estate inventory overhang reached a record low of 22 months in the April-June period of 2024, down from 34 months in the same period last year, reflecting a healthier balance between supply and demand in the residential real estate market. Housing inventory overhang at historic low in Q2 2024; Ahmedabad, Delhi-NCR top performers In a quarterly report …

Hyderabad records over 54,000 home sales worth more than ₹33,000 crore so far in 2024: Report
3 months ago

Hyderabad records over 54,000 home sales worth more than ₹33,000 crore so far in 2024: Report

Hindustan Times  

Hyderabad has registered a total of 54,483 homes sales valued at ₹33,641 crore between January-August 2024. While this reflects a 17% year-on-year growth in the value of homes during the month, the number of registrations recorded a 1% moderation, said an analysis by real estate consultancy Knight Frank India. The Hyderabad residential market encompasses four districts - Hyderabad, Medchal-Malkajgiri, Rangareddy, …

India's Luxury Real Estate Market 2024 Trends
3 months ago

India's Luxury Real Estate Market 2024 Trends

The Hindu  

India’s Luxury real estate market is seeing steady demand because more and more people are finding it affordable due to economic prosperity. Desire for Larger Spaces Pushing Luxury Real Estate Market: Market trends indicate that there is a greater need for bigger living areas with top-notch facilities situated in a premium location than ever before. Luxury Real Estate Market: How …

Got a job in Mumbai? Here's a look at a few rental options available near the financial capital under ₹25000
3 months ago

Got a job in Mumbai? Here's a look at a few rental options available near the financial capital under ₹25000

Hindustan Times  

When Shardda Kansal moved to Mumbai in 2019 and was looking for rental accommodation under ₹25,000 per month, there were a dime a dozen 2 BHK options available to her in the suburbs. Rentals in Mumbai's real estate market have hit the roof largely because several old buildings in the city are currently under redevelopment. Property consultants say that Puri …

Chennai Real Estate: Residential Registrations Surge
3 months, 2 weeks ago

Chennai Real Estate: Residential Registrations Surge

The Hindu  

The Research and Analysis Wing of CREDAI has conducted recent research on Chennai Real Estate, which indicates that residential unit registrations in Chennai experienced a 37% increase in Q2 2024. Chennai Real Estate: New Projects and Sales Drop However, data gathered by the RAW wing of CREDAI indicates that the Chennai real estate market had a drop in the second …

Bangalore and Hyderabad: Leading India’s Real Estate Surge
3 months, 2 weeks ago

Bangalore and Hyderabad: Leading India’s Real Estate Surge

The Hindu  

Tech cities like Bangalore and Hyderabad, are seeing massive market growth in 2024 in the real estate landscape of India. A Report on Bangalore and Hyderabad Real Estate Surge by Anarock: It has been reported by Anarock that the demand for housing in Bengaluru and Hyderabad has surged by more than 80 percent in certain areas since the year 2020. …

25 ultra luxury housing deals worth ₹2443 crore transacted across top cities
3 months, 2 weeks ago

25 ultra luxury housing deals worth ₹2443 crore transacted across top cities

Hindustan Times  

A total of 25 ultra-luxury homes priced more than ₹40 crore were sold in Mumbai, Hyderabad, Gurugram and Bengaluru in the first eight months of 2024 for a collective sales value of approximately ₹2,443 core, Anarock data showed. A total of 25 ultra-luxury homes priced more than ₹ 40 crore were sold in Mumbai, Hyderabad, Gurugram and Bengaluru in the …

THESE cities are most affordable for housing investments: Check list here
3 months, 2 weeks ago

THESE cities are most affordable for housing investments: Check list here

India TV News  

Proptech firm Magicbricks, in its latest report - 'Housing Affordability in Major Indian Cities' - showed that Chennai, Ahmedabad and Kolkata are among the most affordable cities for investment in the housing segment. "Chennai, Ahmedabad, and Kolkata are among the most affordable cities for residential investments in 2024, while the Mumbai Metropolitan Region and Delhi emerged as the least affordable," …

India’s luxury housing sales rise; what is driving premium real estate demand?
3 months, 3 weeks ago

India’s luxury housing sales rise; what is driving premium real estate demand?

Live Mint  

Housing sales in India hit an 11-year high of 1.73 lakh units between January and June, according to a report by global real estate consultants Knight Frank. The luxury housing segment contributed around 41 per cent of the real estate sector's sales growth from January to June. Delhi-NCR sold around 3,300 luxury homes in the first half of 2024, a …

India's Housing Market Sees Demand For Homes With Rent Between Rs 20K-30K Soar: Study
3 months, 3 weeks ago

India's Housing Market Sees Demand For Homes With Rent Between Rs 20K-30K Soar: Study

ABP News  

Indians are increasingly demanding for rental units in the range of Rs 20,000 to Rs 30,000 per month, a latest study revealed. The rent range of Rs 10,000 to Rs 20,000 was the second highest in demand at 22 per cent in the domestic housing market. Meanwhile, Delhi saw individuals preferring units with a rent range of Rs 50,000 to …

Average housing prices up 12% annually in April-June; NCR sees maximum appreciation of 30%: Report
3 months, 3 weeks ago

Average housing prices up 12% annually in April-June; NCR sees maximum appreciation of 30%: Report

Hindustan Times  

Average housing prices increased by 12% annually across eight major cities across the country with Delhi-NCR witnessing the highest price rise of 30%, a report by Credai, Colliers and Liases Foras has said. Average housing prices increased by 12% annually across eight major cities across the country with Delhi-NCR witnessing the highest price rise of 30% Positive homebuyer sentiment and …

Mumbai ranks 2nd, New Delhi 3rd in global property price index; Manila tops the list
4 months ago

Mumbai ranks 2nd, New Delhi 3rd in global property price index; Manila tops the list

Hindustan Times  

Mumbai and New Delhi have recorded an annual increase in their real estate prices at 13% and 10.6% respectively, while Bengaluru has witnessed a modest 3.7% rise. Mumbai and New Delhi have recorded a sharp annual increase in their real estate prices at 13% and 10.6% respectively The Prime Global Cities Index is a valuation-based index tracking the movement of …

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA
4 months, 2 weeks ago

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA

Hindustan Times  

Presenting a stable outlook for the residential real estate sector in financial year 2024-25, credit rating agency ICRA Limited on August 7 said that housing sales across the country’s top cities - Mumbai Metropolitan Region, National Capital Region, Bengaluru, Hyderabad, Pune, Kolkata and Chennai - are expected to witness double digit growth in 2024-2025. Housing sales across top 7 cities …

Hyderabad real estate: High-end housing demand up; ₹1-2 crore units secure over 50% share
4 months, 2 weeks ago

Hyderabad real estate: High-end housing demand up; ₹1-2 crore units secure over 50% share

Hindustan Times  

Hyderabad’s high-end housing segment, comprising homes priced between ₹1-2 crore, has grown to account for almost half of the city’s residential sales and launches, a joint report by CBRE and CREDAI Telangana has said. High-end housing demand rises in Hyderabad; ₹ 1-2 crore units secure over 50% share According to the report, sales in the ₹1-2 crore segment, which held …

Delhi-NCR real estate market: Affordable housing sales share dips to 24% in H1 2024, luxury sales touch 45%
4 months, 3 weeks ago

Delhi-NCR real estate market: Affordable housing sales share dips to 24% in H1 2024, luxury sales touch 45%

Hindustan Times  

Out of NCR's total housing sales of approximately 32,200 units in H1 2024, over 45% share was in the luxury segment, and 24% in the affordable segment. Gurugram saw the highest luxury sales in Delhi-NCR at approximately 10,365 units, followed by Noida and Greater Noida together at 3,550 units Of the total luxury sales in NCR in H1 2024, Gurugram …

Bengaluru tops housing sales and launches pan India in Q2 2024, ₹1-3 crore homes capture 63% of new launches
4 months, 3 weeks ago

Bengaluru tops housing sales and launches pan India in Q2 2024, ₹1-3 crore homes capture 63% of new launches

Hindustan Times  

Bengaluru has emerged as the premier residential real estate market in India with 18,548 housing units sold and 16,537 homes launched during the April-June period of the ongoing calendar year, according to JLL Research. Bengaluru tops housing sales and launches pan India in Q2 2024 The IT capital accounted for approximately 21% of the total residential launches and around 23% …

Luxury Housing Sales Up 40 PC in June Qtr
5 months ago

Luxury Housing Sales Up 40 PC in June Qtr

Deccan Chronicle  

Chennai: Luxury housing sales were up 40 per cent in the June quarter and 27 per cent in the first half of the calendar year. During the Apr-June’24 quarter, the luxury housing segment across the top cities registered a 40 per cent increase in sales. Luxury housing sales were up 27 per cent to 8500 units against 6700 units in …

Luxury housing sales increase by 27% in the Jan-June period in 2024; Delhi-NCR tops list
5 months ago

Luxury housing sales increase by 27% in the Jan-June period in 2024; Delhi-NCR tops list

Hindustan Times  

More than 8500 luxury housing units were sold in the January to June 2024 period compared to around 6,700 units during the same period last year registering an almost 27% increase in sales. Delhi-NCR, Mumbai, and Hyderabad emerged as prominent markets, accounting for nearly 84% of the total luxury housing sales of units priced more than ₹4 crore across the …

Hyderabad registers 7,014 housing units worth ₹4,288 crore in June 2024, up 26% YoY
5 months, 1 week ago

Hyderabad registers 7,014 housing units worth ₹4,288 crore in June 2024, up 26% YoY

Hindustan Times  

Hyderabad registered a total of 7,014 residential properties amounting to ₹4,288 crore in the month of June 2024, according to a report released by property consultancy Knight Frank India on July 15. Hyderabad registers 7,014 housing units worth ₹ 4,288 crore in June 2024 During the first half of the year, a cumulative 39,220 residential units worth ₹24,287 crore were …

Hyderabad experiences decline in residential sales in Q2 2024: Report
5 months, 1 week ago

Hyderabad experiences decline in residential sales in Q2 2024: Report

The Hindu  

Hyderabad experienced a significant drop in new residential launches during the April-June quarter of 2024. A recent report by PropTiger.com revealed that the city recorded sales of 12,296 residential units in Q2 2024, a 14% decrease from Q1 2024, which saw 14,298 units sold. The report, titled ‘Real Insight Residential-April-June 2024,’ highlighted that housing sales across India’s eight prime residential …

Affordable housing launches drop 21% in April-June period across 7 major cities as builders focus on premium units
5 months, 1 week ago

Affordable housing launches drop 21% in April-June period across 7 major cities as builders focus on premium units

Hindustan Times  

Real estate developers' focus on the premium housing segment priced between ₹3-5 crore led to launches growing by around 170% year-on-year, luxury segment priced above ₹5 crore followed with 116% growth. Real estate developers' focus on the premium housing segment led to launches growing by around 170% year-on-year, luxury segment followed with 116% growth, a report by JLL said New …

Affordable housing supply drops 21% as premium apartments surge in major cities: JLL India report
5 months, 1 week ago

Affordable housing supply drops 21% as premium apartments surge in major cities: JLL India report

New Indian Express  

NEW DELHI: New supply of affordable apartments costing below Rs 50 lakh declined by 21 per cent in the April-June period across seven major cities as builders are launching more premium flats, according to real estate consultant JLL India. JLL India on Friday released data for the housing market of major seven cities, showing a 5 per cent increase in …

Mumbai’s luxury housing sales up by 8% in H1 2024; touch ₹12,300 crore: Report
5 months, 1 week ago

Mumbai’s luxury housing sales up by 8% in H1 2024; touch ₹12,300 crore: Report

Hindustan Times  

Mumbai saw sales of luxury homes, priced ₹10 crore and above, touch ₹12,300 crore during the January to June period which was an 8% increase over the first half of the 2023 calendar year, according to a report by India Sotheby's International Realty and CRE Matrix. Mumbai’s luxury housing sales grew 8% in H1 2024 to touch ₹ 12,300 crore …

Real estate sales in H12024: Mumbai luxury housing deals drive growth, most buyers in 35-55 age bracket
5 months, 1 week ago

Real estate sales in H12024: Mumbai luxury housing deals drive growth, most buyers in 35-55 age bracket

Live Mint  

The real estate market of India is going through premiumisation and the luxury housing segment accounted for 41 per cent of sales growth in the first half of 2024, according to a Knight Frank India real estate sector report. Mumbai's luxury realty sector recorded a cumulative highest-ever half-yearly sales from luxury housing at ₹12,300 crore in the first half of …

Housing sales down 6% in April-June quarter; new supply remains flat in top 8 cities: PropTiger
5 months, 1 week ago

Housing sales down 6% in April-June quarter; new supply remains flat in top 8 cities: PropTiger

Hindustan Times  

Housing sales in the top eight cities fell 6% during the April-June period of 2024 compared to the previous quarter and new launches came down with both homebuyers and developers adopting a wait-and-watch approach ahead of the Lok Sabha polls, a quarterly analysis by digital real estate brokerage firm PropTiger.com showed. Housing sales in the top eight cities fell 6% …

Mumbai sells record ₹12,300 cr of luxury homes in Jan-June period as buyers upgrade to bigger apartments
5 months, 1 week ago

Mumbai sells record ₹12,300 cr of luxury homes in Jan-June period as buyers upgrade to bigger apartments

Live Mint  

Luxury homes in Mumbai, India's most expensive real estate market, clocked record sales of ₹12,300 crore in the first half of 2024 on the back of growing demand for high-end properties, with Worli cornering more than a third of the purchases. In comparison, about ₹11,400 crore of luxury homes - priced ₹10 crore and above - were sold in the …

Housing sales in top 30 Tier 2 cities increase by 11% in FY2024 on the back of high demand: PropEquity
5 months, 2 weeks ago

Housing sales in top 30 Tier 2 cities increase by 11% in FY2024 on the back of high demand: PropEquity

Hindustan Times  

Housing sales across top 30 Tier II cities increased 11% annually to nearly 2.08 lakh units during the last fiscal year on the back of high consumer demand driven by robust economic growth, infrastructure development and growing desire for home ownership, according to data analytics firm PropEquity. Housing sales across top 30 Tier II cities increased 11% annually to nearly …

Luxury realty booms: Homes above Rs 1 cr now 41% of India's housing sales
5 months, 2 weeks ago

Luxury realty booms: Homes above Rs 1 cr now 41% of India's housing sales

Business Standard  

India's residential real estate market is experiencing a surge in activity, fueled by a robust economy and growing demand for luxury living. A new report by Knight Frank, titled "India Real Estate: Residential and Office, revealed that the first half of 2024 witnessed a significant jump in residential unit sales across India's top eight cities, including Mumbai, Delhi-NCR, Bengaluru, Pune, …

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline
5 months, 2 weeks ago

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline

Hindustan Times  

Housing sales hit an 11-year high with 1.73 lakh units sold across the top eight Indian cities. NCR and Mumbai accounted for almost half of premium category sales in H1 2024, a new report by Knight Frank India showed. Home sales surged by 11% YoY to touch 1.73 lakh units sold across the country’s top eight markets in H1 2024, …

Housing Rental Market Trends in India Across Top Cities 2024
6 months ago

Housing Rental Market Trends in India Across Top Cities 2024

The Hindu  

Housing rental market trends in India indicate that slightly over sixty-four percent of renters intend on becoming homeowners four years from now, there are still thirty-six percent who opt for renting homes rather than investing in their own. City-Wise Rental Market Trends in India for Top Cities in 2024 1. Hyderabad Rental Market Trends: In the second quarter of 2024, …

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