constructionweekonline.in-“2024: The middle class rose and foreign investments flowed in”
With India’s housing market witnessing the ongoing housing boom, the year 2024 is being projected as the best year yet, when it comes to home sales, with approx. 3 lakh homes worth Rs 510,000 crore to get registered in top metros by the end of this year. The sales have been largely driven by economic growth and infrastructure improvements, reflecting continuous robust demand and rising capital values.
As we navigate the ever-changing landscape of India’s real estate market, 2024 will continue to be the year of significant metamorphosis. This year was the year of luxe housing priced between Rs 10 crore and Rs 80 crore with demand rising steeply in posh localities like Worli, Peddar Road, Napean sea road, Malabar Hill and Bandra. So, also the under Rs 2 crore 1 & 2 BHKs homes were equally in demand this year in the suburban addresses between Andheri, Kandivali, Chandivali, Mulund, Bhandup, Thane, Goregaon and Dahisar.
