Housing Registrations See 4% Uptick in Top 8 Indian Cities in 2024
Housing registrations in major Indian cities, including Mumbai, Bengaluru, and Hyderabad, witnessed a 4% increase in 2024, totaling 5.77 lakh units, as reported by Square Yards.
Housing RegistrationsReal EstateResidential PropertyMajor CitiesMarket GrowthReal Estate PuneDec 31, 2024
According to real estate consultant Square Yards, housing registrations in these key cities, including Mumbai, Bengaluru, Hyderabad, Pune, and Noida, rose by 4% in 2024, reaching a total of 5.77 lakh units.
An impressive 5.77 lakh residential transactions were registered across primary and secondary markets in 2024.
These transactions were spread over Thane, Mumbai, Navi Mumbai, Bengaluru, Hyderabad, Noida, Greater Noida, and Ghaziabad.
The total value of these transactions exceeded Rs 4 lakh crore, marking a 2% year-on-year (YoY) growth compared to 2023.
Square Yards, a leading real estate consultant, cited government registration data for these statistics.
Frequently Asked Questions
What is the percentage increase in housing registrations in 2024?
Housing registrations in the top eight Indian cities, including Mumbai, Bengaluru, and Hyderabad, increased by 4% in 2024.
Which cities saw the highest increase in housing registrations?
Mumbai, Bengaluru, Hyderabad, Pune, and Noida saw significant increases in housing registrations in 2024.
What is the total value of these housing transactions?
The total value of these housing transactions exceeded Rs 4 lakh crore in 2024.
What factors contributed to the increase in housing registrations?
The increase in housing registrations can be attributed to a recovering economy, favorable government policies, and improved consumer confidence.
What is the outlook for the real estate market in the coming years?
The outlook for the real estate market in the coming years is positive, with the government's focus on affordable housing and the 'Housing for All' mission expected to further boost the sector.
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