India's Residential Real Estate Market: Developers' Sentiment Survey 2024
Indian residential real estate market is expected to continue its bull run in 2024, with developers maintaining a strategic approach and seeking government intervention for reforms.
Real EstateResidential Real EstateIndiaDevelopers Sentiment SurveyMarket ResearchReal EstateJul 05, 2024
To maintain a strategic approach, developers are expected to launch newer projects in line with market demand. However, they are also seeking specific reforms, including rationalization of taxes and government charges, sops for affordable housing, and a single window clearance mechanism.
The survey highlights the importance of government intervention in driving growth in the sector. With the right policies and reforms, the Indian residential real estate market is expected to continue its bull run, driven by strong demand and a positive sentiment among developers.
Information
Colliers is a leading international property consulting firm with a presence in India. The company provides a range of services, including research, advisory, and transaction services, to its clients.
Colliers India, led by CEO Badal Yagnik, is a leading international property consulting firm with a presence in India. The company provides a range of services, including research, advisory, and transaction services, to its clients. With a team of experienced professionals, Colliers India is well-positioned to provide expert guidance to its clients in the Indian real estate market.
Expert Insights
Badal Yagnik, CEO of Colliers India, has over three decades of experience in the real estate industry. He has represented leading global and local corporates, crafting end-to-end real estate solutions and executing large-scale transactions.
Vimal Nadar, Senior Director, Research at Colliers India, has over 14 years of experience in research and consulting. He leads the research operations at Colliers India, focusing on thought leadership through timely and insightful content.
Suryaneel, General Manager, Research at Colliers India, has close to a decade of experience in research, consulting, advisory, and credit assessment. He drives research publications across real estate segments, including commercial, investments, industrial, and warehousing.
Shreeda, part of the Research Services team at Colliers India, has experience in business development and research. She handles the Mumbai region, sharing market insights for different verticals of the real estate industry.
Keywords real estate, residential real estate, developers' sentiment survey, India, Colliers, property consulting, market research, government reforms, affordable housing, single window clearance mechanism.
Frequently Asked Questions
What is the current state of the Indian residential real estate market?
The Indian residential real estate market is expected to continue its growth trajectory in 2024, driven by strong demand and a positive sentiment among developers.
What are the key reforms that developers are seeking in the sector?
Developers are seeking specific reforms, including rationalization of taxes and government charges, sops for affordable housing, and a single window clearance mechanism.
What is the role of government intervention in driving growth in the sector?
Government intervention is crucial in driving growth in the sector, with the right policies and reforms expected to accelerate activity and drive demand.
What are the key trends that are expected to shape the Indian residential real estate market in 2024?
Developers are expected to maintain a strategic approach, launching newer projects in line with market demand, while seeking government intervention for reforms.
What is the significance of Colliers' 'Real Estate Developers' Sentiment Survey 2024'?
The survey provides valuable insights into the sentiment of developers in the Indian residential real estate market, highlighting the key trends and reforms that are expected to shape the sector in 2024.
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