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.
Related News Articles
Balewadi: Your Ideal Location for High-Yield Real Estate Opportunities in Pune
Balewadi, a vibrant suburb in Pune, has emerged as a premier destination for real estate investments, offering strategic location, exceptional connectivity, and robust infrastructure.
Tragedy in Mumbai: JCB Operator Still Missing After 17 Days, CM Visits Site
A 38-year-old JCB operator remains untraceable after 17 days of being buried under debris during tunnel shaft excavation work for the Surya Water Supply Project in Vasai, Mumbai.
Trump Organisation Launches Rs 2,500 Crore Commercial Project in Pune
The Trump Organisation has announced its first commercial project in India, a Rs 2,500 crore development in Pune, in partnership with Indian real estate firms Tribeca Developers and Kundan Spaces. The project is set to be a major milestone in the Indian r
Sectors That Can Weather Any Storm: A Top Investor's Watchlist
Discover the sectors that are immune to global events and can drive growth in the Indian economy. Mihir Vora shares his insights on the top sectors to watch.
100+ Land Deals Spanning 1,700 Acres Closed in India: A Year of Real Estate Confidence
The robust increase in land deals this year underscores the unwavering confidence of both domestic and international investors in India's real estate sector. These transactions signal a promising trend for the future of property development in the country
CBI Launches Investigation into ₹12.08 Crore Fraud at Navi Mumbai Construction Firm
The Central Bureau of Investigation (CBI) has initiated a probe into a significant financial fraud of ₹12.08 crore involving a construction firm based in Koparkhairane, Navi Mumbai. The firm, known for its residential real estate projects, is under scrutiny for alleged financial irregularities.