Housing Property Registration Surges in Major Indian Cities: Square Yards Report
In the fiscal year 2023-2024, the registration of housing properties in eight major Indian cities reached a significant 5.44 lakh units, according to a report by real estate consultant Square Yards. Navi Mumbai, Thane, Pune, Noida, and Greater Noida were among the key markets contributing to this growth.
Real EstateProperty RegistrationHousing MarketIndian CitiesSquare YardsReal Estate MumbaiApr 25, 2025
The surge in property registrations can be attributed to several factors, including economic stability, favorable government policies, and the increasing population in these cities. These factors have collectively contributed to a more dynamic and active real estate market. The report provides a detailed analysis of the registration trends in each of these cities, offering valuable insights for investors, developers, and homebuyers.
Navi Mumbai, a rapidly growing suburban area, led the pack with a substantial number of property registrations. The city's well-planned development and improved infrastructure have made it an attractive destination for both first-time buyers and investors. Thane, another prominent suburb of Mumbai, also witnessed a significant increase in property registrations, further underscoring the demand for affordable and well-connected residential properties in the region.
Pune, a city known for its educational institutions and IT industry, recorded a steady rise in property registrations. The city's economic growth and infrastructure development have made it a preferred choice for professionals and families. Similarly, Noida and Greater Noida, located in the National Capital Region (NCR), have seen a surge in demand for residential properties due to their proximity to Delhi and the availability of affordable housing options.
The report by Square Yards also highlights the role of government initiatives in boosting the real estate sector. Programs such as the Pradhan Mantri Awas Yojana (PMAY) and the introduction of the Real Estate (Regulation and Development) Act (RERA) have brought transparency and accountability to the market, instilling confidence among buyers and investors. These initiatives have not only facilitated the registration of properties but also ensured a more regulated and transparent real estate environment.
Despite the positive trends, the report also points out some challenges that the real estate market faces. The ongoing pandemic and global economic uncertainties have created some volatility in the market. However, the overall sentiment remains optimistic, with experts predicting continued growth in property registrations in the coming years.
In conclusion, the report by Square Yards provides a comprehensive overview of the current state of the real estate market in major Indian cities. The significant increase in property registrations in Navi Mumbai, Thane, Pune, Noida, and Greater Noida underscores the strong demand for housing in these areas. As the market continues to evolve, it is expected that these cities will remain key players in the Indian real estate landscape.
Frequently Asked Questions
What is the main reason for the surge in property registrations in major Indian cities?
The main reasons for the surge in property registrations in major Indian cities include economic stability, favorable government policies, and the increasing population in these urban areas. Improved infrastructure and well-planned development have also played a crucial role.
Which cities are mentioned in the report as having the highest property registrations?
The report by Square Yards mentions Navi Mumbai, Thane, Pune, Noida, and Greater Noida as the cities with the highest property registrations.
How have government initiatives impacted the real estate market?
Government initiatives such as the Pradhan Mantri Awas Yojana (PMAY) and the Real Estate (Regulation and Development) Act (RERA) have brought transparency and accountability to the real estate market, instilling confidence among buyers and investors.
What challenges does the real estate market face despite the positive trends?
Despite the positive trends, the real estate market faces challenges such as the ongoing pandemic and global economic uncertainties, which have created some volatility in the market.
What is the outlook for the real estate market in the coming years?
The outlook for the real estate market is optimistic, with experts predicting continued growth in property registrations and further development in key cities.
Related News Articles
Mumbai's Coastal Road Project Gets a Boost: Connector to Bandra-Worli Sea Link to Open Soon
Mumbai's Chief Minister Eknath Shinde has instructed the BMC to expedite the opening of the Mumbai coastal road and the Bandra-Worli Sea Link connector, aiming to reduce congestion and enhance connectivity
Comprehensive Approach to India's Realty Sector: Budget 2024 Highlights
Mrinal Kumar, Partner at Shardul Amarchand Mangaldas & Co., highlights the key real estate related announcements in the Union Budget 2024.
Kaushalya Logistics Expands Operations with New Cement Depot in Ahmednagar, Maharashtra
Kaushalya Logistics Limited launches new cement depot in Ahmednagar, Maharashtra, to enhance logistics services for Adani Cement. The company also introduces freight forwarding services under Full Truck Load (FTL) operations.
MHADA Lottery 2024: A Golden Opportunity for Affordable Housing in Mumbai
Maharashtra government announces housing lottery with over 2,000 affordable homes in Mumbai, receives over 68,000 applications
Budget 2025: Can Home Buyers’ Hopes Be Met? Experts Weigh In
The demand for premium properties has remained robust in 2024. However, the supply shortage in the mid and lower mid-segment continues to be a significant concern. As the Budget 2025 approaches, experts are outlining key demands to address these issues an
Mumbai Police Catch Thieves in Rs 1.85 Crore Heist, Recover Rs 1.55 Crore
VP Road police have apprehended two individuals involved in a significant theft of Rs 1.85 crore from a real estate broker and courier office in Bhoiwada, Girgaon. A substantial amount of Rs 1.55 crore has been recovered.