Indian Real Estate Market Sees 5% Surge in Housing Sales in Q2 FY25
The Indian real estate market has witnessed a significant growth in housing sales, with a 5% increase in Q2 FY25, according to a recent report. Mumbai leads the way with the highest sales volume, recording an impressive 24,222 units sold.
Real EstateHousing SalesIndiaMumbaiDelhiReal Estate MumbaiOct 04, 2024
Mumbai recorded the highest sales volume, with 24,222 units sold in Q2 FY25, followed closely by Delhi, which saw 15,600 units sold. Bengaluru and Pune also witnessed significant growth, with 12,300 and 10,500 units sold, respectively.
The growth in housing sales can be attributed to a number of factors, including the government's efforts to boost the real estate sector through initiatives such as the Pradhan Mantri Awas Yojana (PMAY) and the Real Estate (Regulation and Development) Act, 2016 (RERA).
The report also highlights the increasing demand for affordable housing, with many developers focusing on this segment to cater to the growing needs of the middle class. Information
The real estate consultant is a leading provider of real estate services, offering a range of solutions to developers, investors, and homebuyers. With a presence in over 100 cities across India, the company has a deep understanding of the Indian real estate market and provides expert advice to its clients.
The real estate consultant is a subsidiary of a leading global real estate company, with operations in over 30 countries across the world. The company has a proven track record of delivering high-quality services to its clients and is widely recognized as a leader in the real estate industry.
Frequently Asked Questions
What is the growth rate of housing sales in Q2 FY25?
The growth rate of housing sales in Q2 FY25 is 5%.
Which city recorded the highest sales volume in Q2 FY25?
Mumbai recorded the highest sales volume in Q2 FY25, with 24,222 units sold.
What are the factors contributing to the growth in housing sales?
The growth in housing sales can be attributed to a number of factors, including the government's efforts to boost the real estate sector through initiatives such as the Pradhan Mantri Awas Yojana (PMAY) and the Real Estate (Regulation and Development) Act, 2016 (RERA).
What is the demand for affordable housing in India?
There is an increasing demand for affordable housing in India, with many developers focusing on this segment to cater to the growing needs of the middle class.
Who is the real estate consultant that released the report?
The real estate consultant is a leading provider of real estate services, offering a range of solutions to developers, investors, and homebuyers.
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