cnbctv18.com- Big worry for NCR and Mumbai real estate markets
Gulam Zia, Senior Executive Director at Knight Frank India, identified two clear areas of stress in the India’s property market.
In the National Capital Region (NCR), he flagged concerns about luxury housing, where demand needs to be closely monitored. “NCR is the only market where sales volumes have dropped about 4-5% compared to 2023. That's the only market where we were expecting the number of sales to shoot up beyond 60,000 but it is only one which has remained at 57,000-odd, slightly lesser,” he said, adding that signs of slowdown in the region could be a worry.
