Luxury Homes on the Rise: What's Driving Demand?
This episode explores the impact of the Budget on real estate, the surge in high-end housing demand, and what lies ahead for the market.
Real Estate Trends In IndiaLuxury Housing DemandLuxury Housing TrendsAffordable HousingBudget 202425Real Estate MumbaiAug 26, 2024
The government aims to build one crore new homes under PMAY-Urban for low and mid-income households.
Despite this, the luxury housing segment is booming. A recent PropTiger.com report shows that 43% of new launches in Q1 2024 were in the high-end category, priced above one crore rupees, with 38% of sales in this segment.
Joining us is Vikas Wadhawan, CFO of REA India and Business Head of PropTiger.com, to discuss these trends. We’ll dive into the budget’s impact on real estate, the surge in high-end housing demand, and what lies ahead for the market. Tune in for expert insights!
REA India is a leading online real estate company that owns and operates several brands, including PropTiger.com, a popular online real estate platform that provides comprehensive property listings, research, and analysis to homebuyers.
PropTiger.com is India's leading online real estate platform, providing comprehensive property listings, research, and analysis to homebuyers. With a strong presence in over 20 cities across India, PropTiger.com has become a trusted name in the real estate industry.
Frequently Asked Questions
What is the main objective of the government's budget allocation for affordable housing?
The main objective is to build one crore new homes under PMAY-Urban for low and mid-income households.
What percentage of new launches in Q1 2024 were in the high-end category?
43% of new launches in Q1 2024 were in the high-end category, priced above one crore rupees.
What is the name of the online real estate platform that provides comprehensive property listings, research, and analysis to homebuyers?
PropTiger.com
Who is the CFO of REA India and Business Head of PropTiger.com?
Vikas Wadhawan
What is the name of the podcast that explores the impact of the Budget on real estate and luxury housing demand?
Keeping It Real
Tags:
Related News Articles
Mumbai's Municipal Markets Get a Fresh Lease of Life
The Brihanmumbai Municipal Corporation (BMC) is set to renovate 47 municipal markets in Mumbai, with a focus on modernization and sustainability.
Real Estate Regulatory Authorities Resolve Over 1.25 Lakh Complaints: Economic Survey 2023-24
The Economic Survey 2023-24 has revealed that real estate regulatory authorities have resolved over 1.25 lakh complaints and registered over 1.30 lakh projects under RERA as of July 1, 2024.
India's Real Estate Sector Sees Unprecedented Growth in Private Equity Investments
India's real estate market has witnessed a significant surge in private equity investments, with a total of USD 1.7 billion invested in the first half of 2024, marking a 42% year-on-year increase.
Bank Credit Growth Slows Down to 13.7% as Demand for Personal and Agri Loans Drops
The Reserve Bank of India's clampdown on unsecured loans has led to a decline in bank credit growth, with personal and agriculture loans being the most affected. Meanwhile, industrial credit demand has seen a significant increase.
PM Modi Lays Foundation Stone for Vadhvan Port, India's Largest Deep-Water Port
Prime Minister Narendra Modi has laid the foundation stone for the Vadhvan Port in Maharashtra, marking a significant milestone in India's maritime infrastructure development.
BKC Bullet Station: A Catalyst for Mumbai's Real Estate Boom
The BKC underground bullet train station, 75% complete, is poised to significantly boost Mumbai's real estate market, attracting investors and developers alike.