Diwali Real Estate Investment: Unlocking Higher Returns in Samvat 2081
As Diwali approaches, the Indian real estate market is experiencing a significant surge in both residential demand and supply, offering potential investors a promising opportunity.
Real EstateDiwaliInvestmentProperty MarketHousingReal Estate NewsOct 23, 2024
However, the July-September quarter of 2024 brought a different trend. PropTiger.com's 'Real Insight Residential Report' revealed that India's top eight residential markets experienced a decline in both housing sales and new launches. A sharp 20% increase in home prices across these cities has affected affordability, resulting in a 5% year-over-year (YoY) drop in overall sales. New launches also fell by a steep 25% compared to the third quarter of 2023. Despite these setbacks, the Delhi NCR region stood out, with a 29% YoY increase in sales, selling 10,098 units compared to 7,800 in the same period last year. The region also saw a 76% YoY rise in new launches, with 11,955 units introduced in Q3 2024, indicating strong developer confidence.
As Samvat 2081 approaches, the question on many investors' minds is whether the real returns lie in real estate. To delve deeper into this, Business Today TV is hosting an insightful conversation featuring Dhruv Agarwala, Group CEO of Housing.com and PropTiger.com, and Niranjan Hiranandani, Founder & Chairman of Hiranandani Group. Joining them is Arnab Dutta, Senior Assistant Editor of Business Today Magazine, in a discussion moderated by Business Today TV Managing Editor Siddharth Zarabi.
The real estate market in India has shown resilience and potential, especially during festive seasons like Diwali. While there are challenges, such as rising prices and reduced new launches, the overall trend suggests that well-informed investments can yield significant returns. As investors navigate the market, it is crucial to consider factors like location, property type, and market dynamics to make informed decisions.
In conclusion, the Indian real estate market continues to evolve, presenting both opportunities and challenges for investors. The festive season is often a catalyst for increased activity, making it a critical time to assess and act on potential investments.
Frequently Asked Questions
What is the current trend in the Indian real estate market?
The Indian real estate market is currently experiencing a surge in residential demand and supply, with a notable 17% growth in housing units sold from January to September 2024 compared to the same period last year. However, the July-September quarter saw a decline in both sales and new launches, with a 20% increase in home prices affecting affordability.
Which cities are leading in residential sales?
Bengaluru and Mumbai are leading in residential sales, contributing around 44% of the total sales, particularly in the luxury and premium housing segments.
How has the Delhi NCR region performed in the real estate market?
The Delhi NCR region has shown strong performance with a 29% year-over-year increase in sales and a 76% year-over-year rise in new launches, indicating strong developer confidence.
What are the main factors affecting the real estate market during the festive season?
The main factors affecting the real estate market during the festive season include increased buyer interest, rising home prices, and the impact of affordability on sales. Festive seasons like Diwali often act as a catalyst for increased market activity.
What advice do experts have for potential real estate investors?
Experts advise potential real estate investors to consider factors like location, property type, and market dynamics. Well-informed investments, especially during the festive season, can yield significant returns.
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