Housing Sales Dip 11% Year-on-Year in Top 7 Cities; New Launches Fall Below 1 Lakh Units

In Q3 2024, India’s residential real estate market saw an 11% decline in housing sales across the top seven cities, totaling approximately 107,060 units. While new supply fell below 1 lakh for the first time since Q1 2023, strong demand continues to drive residential prices up by 23% year-on-year, indicating a stabilizing market following a two-year bull run.

Ultra-Luxury Homes Sales Surge to INR 2,443 Cr in Eight Months

The ultra-luxury real estate market in India saw INR 2,443 crore in sales through August 2024. Mumbai leads with 21 transactions valued at INR 2,200 crore. Prices for ultra-luxury homes have risen, with significant jumps in properties over INR 100 crore. Anuj Puri of ANAROCK anticipates more high-value deals as the year progresses.

3BHKs Lead the Market  

Demand for 3BHKs particularly high in cities like Bengaluru, Chennai, Hyderabad &…

ANAROCK Raises ~INR 200 Cr (USD 25 Mn) Funding from 360 ONE Asset

Funds to be deployed into Firm’s overall business growth and industry leading Proptech platforms…

Delhi-NCR’s Unsold Inventory at Decadal Low – Under 1 Lakh Units for 1st Time

NCR’s inventory saw a 23% yearly decline – from approx. 1,23,692 units…