MMR Records Highest Land Transactions in 2024: Over 607 Acres Acquired in 30 Deals

In 2024, India’s real estate market witnessed 133 land transactions totaling 2,515 acres. MMR topped the list with 607 acres in 30 deals, while NCR recorded the highest number of transactions. Residential projects dominated the market, accounting for 1,948 acres across 95 deals.

Residential Real Estate Supply Rises 12.7% YoY, Premium Segment Grows 14.4%

India’s residential real estate market witnessed a 12.7% YoY supply growth in Q4 2024, driven by Bengaluru (56.1%) and Gurugram (44.1%). The premium segment surged 14.4%, accounting for 52% of new supply, while residential prices grew 22.7% YoY, led by Noida, Greater Noida, and Gurugram. Rising investor activity and sustained demand underscore the sector’s continued growth.

GCC Policy Impact on Residential Real Estate in Bengaluru

Bengaluru’s residential real estate is experiencing significant growth due to the expansion of Global Capability Centres (GCCs) driven by favorable state policies. As GCCs fuel commercial growth and create high-paying jobs, demand for upscale housing, smart homes, and co-living spaces is on the rise. With infrastructure projects like KWIN city, Bengaluru’s appeal as a prime real estate market continues to grow, making it a key hub for both global businesses and homeowners.

Century Real Estate Reports Strong Growth Amid Rising Demand for Luxury Properties in Bengaluru

Century Real Estate has achieved a remarkable 2X growth in sales, surpassing ₹1,040 crores in the first half of 2024. With a focus on luxury and aspirational properties, the company is poised to hit ₹2,000 crores in annual sales, driven by a strong demand for high-end homes in Bengaluru’s prime locations.

Housing Prices Continue to Rise Across India’s Top Cities, Up 11% YoY in Q3 2024: CREDAI-Colliers-Liases Foras Report

Housing prices across India’s top eight cities saw an 11% year-on-year rise in Q3 2024, marking the 15th consecutive quarter of growth. Delhi NCR recorded the highest price increase at 32%, followed by Bengaluru with a 24% rise. Unsold inventory continued to decline, signaling a steady demand despite market stabilization.