Once known for its palatial houses or Kothis, several prominent areas of the national capital are now turning into a hub for luxury high-rise developments. Locations such as South Delhi and West Delhi have emerged as a preferred choice for A-grade listed developers such as DLF, TARC and Godrej, among others, for their projects.
As 2024 draws to a close, the Indian real estate market continues to exhibit robust performance across all major sectors. Luxury housing, in particular, has shown tremendous growth with prices witnessing major spurts.
The under-construction residential projects in major cities have seen a 55% price appreciation on average, according to the latest report by Savills India, a global property consulting firm.
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.
End-to-End Hospitality Consultancy SKYE has recently compiled a report on India’s top-10 potential branded residence markets across Tier-2 cities. The study, which has been carried out in partnership with real estate advisory 360 Realtors, offers some incisive analysis & inputs on the potential of branded residence amongst a bunch of Tier-2 cities.
The Indian property market continued its upward momentum in 2024, with 5.77 lakh residential transactions recorded across primary and secondary markets, 4% higher as compared to 2023. The total value of these transactions exceeded Rs 4 lakh crore, a 2% year-on-year (YoY) growth over 2023.
The Indian property market continued its upward momentum in 2024, with 5.77 lakh residential transactions recorded across primary and secondary markets, 4% higher as compared to 2023. The total value of these transactions exceeded Rs. 4 lakh crore, marking a 2% year-on-year (YoY) growth over 2023, noted property listing firm Square Yards.
India's primary housing market may register a modest single-digit price rise in 2025 after appreciating by an average 21 per cent last year as developers are expected to boost new supply to match up demand, according to industry experts.
Real estate developers and property consultants are expecting that the RBI will cut the repo rate this year, enabling banks to lower interest rates on home loans.
The government of Andhra Pradesh has sanctioned Rs 2,723 crore for road infrastructure in Amaravati, the state’s greenfield capital. The funds will be used for the construction of layout roads in Zones 7 and 10 of the city, according to Municipal Minister P Narayana.
India’s luxury housing market is witnessing a stunning surge, with sales skyrocketing 37.8 per cent in 2024. But beneath the gloss lies a worrying reality: a mid-segment housing conundrum that is leaving millions without affordable homes.
