India's residential real estate market reaches new heights, with Mumbai and Hyderabad leading the charge in new launches and sales.
Real EstatePropertyMumbaiHyderabadResidential MarketReal Estate MumbaiJul 13, 2024
The current trend is a significant rise in the premium and luxury segments, with a focus on high-value projects to meet demand.
Mumbai and Hyderabad led the charge, collectively contributing around 43% of the overall new units.
The projected residential sales for 2024 is expected to reach 315,000 to 320,000 units.
The high demand for new projects and limited under-construction inventory have driven this price growth.
The outlook for 2024 remains positive, with established developers poised to meet demand by launching new projects in prime locations and growth corridors.
The Mumbai municipal region witnessed a 12% annual growth in property registrations in June, with 11,575 units registered, driven by strong buyer confidence and a favourable sentiment towards homeownership.
The government's recent amendment to the Finance Bill, 2024, has sparked confusion and concern around profit made on property sales and real estate transactions.
A luxury car owned by Maharashtra BJP chief Chandrashekhar Bawankule's son Sanket was involved in a multiple vehicle accident in Nagpur, leaving two youth injured.
Kanakia Spaces Realty has signed a ₹208.53 crore deal for a redevelopment project in Mumbai, marking a significant milestone in the city's real estate landscape.
DLF, India's largest real estate firm by market capitalisation, is set to invest ₹8,000 crore in a super-luxury project in Gurugram. This ambitious project is expected to redefine the luxury real estate market in the region, offering state-of-the-art amen
The supply of houses costing Rs 1 crore or less has decreased by 30% in the top 9 cities, including Pune, Thane, Navi Mumbai, Kolkata, and NCR. This trend is causing concern among homebuyers and real estate developers.