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.
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