The Nifty Realty index edged higher at the open, supported by strength in key index heavyweights like DLF, Godrej Properties, and Oberoi Realty, which benefited from robust earnings updates and expectations of higher festive sales.

Top Early Gainers vs Weak Openers

Early Gainers

• DLF opened higher after reporting strong pre-sales growth in its Q2 results, highlighting robust demand for premium and luxury housing segments.
• Godrej Properties gained as investors reacted positively to higher booking values and improved margins in its latest quarterly performance.
• Oberoi Realty and Macrotech Developers (Lodha) saw modest early gains, supported by festive demand expectations and healthy Q2 presales.
• Prestige Estates opened firm, extending its recent momentum on the back of rising leasing activity and sales in South Indian markets.

Weak / Flat Openers

• Several mid-cap realty names opened flat or slightly lower, weighed down by profit-taking after recent rallies and cautious positioning.
• Stocks with weaker earnings prints or muted guidance for the festive quarter saw early selling pressure, especially those with limited liquidity.
• A few smaller developers that had run up ahead of results opened soft as traders booked profits.

Why Some Stocks Held Up

1. Festive Demand Tailwinds
   Diwali marks the peak season for homebuying in India, with developers launching new projects and buyers accelerating decisions. Large developers typically capture a disproportionate share of festive sales, lifting investor confidence.
2. Strong Q2 Earnings Announcements
   Companies like DLF and Godrej posted healthy quarterly numbers, including double-digit growth in pre-sales and improved operating margins, giving investors fundamental reasons to accumulate.
3. Institutional Preference for Quality
   Blue-chip names continue to attract early inflows from funds looking for stability and scale, especially during high-volume festive weeks.
4. Macro Stability
   A steady interest rate environment and no negative policy surprises provided a supportive backdrop for the sector to build on.

Why Some Stocks Faltered

1. Profit Booking in Smaller Names
   After a pre-Diwali rally in many mid- and small-cap stocks, traders used the morning uptick to lock in gains.
2. Earnings Disappointments
   Some smaller developers delivered muted quarterly results or weak guidance, leading to early declines.
3. Liquidity & Volatility
   Lower institutional participation in these names amplified early selling pressure.
4. Market Breadth Still Narrow
   The rally is concentrated in top names; mid-cap participation is lagging.

What to Watch Through the Day

• Follow-Through Buying in Blue Chips: Sustained momentum in DLF, Godrej, Oberoi, and Lodha will determine if the festive rally broadens.
• Mid-Cap Response: If mid- and small-cap names stabilize and join the move, it could indicate stronger festive sentiment.
• Sales Announcements: Many developers release festive booking updates intraday; upbeat numbers could lift sentiment further.
• Macro & Policy Signals: Any festive-period government announcements (e.g., housing subsidies, infrastructure push) could act as strong intraday triggers.
• Volume Trends: Stronger-than-usual volumes in top developers may signal institutional accumulation through the session.

Analysis: Festive Cheer Meets Fundamental Strength

The opening session reflected a powerful combination of festive demand optimism and solid quarterly earnings, particularly from India’s top developers. Large caps are clearly driving the festive-season rally, with institutional investors gravitating toward names with scale, execution capability, and strong Q2 performance.

Mid- and small-cap stocks are behaving more cautiously — while the festive period usually lifts sentiment across the board, the current market is rewarding fundamentals over speculation. If mid-cap participation improves later in the session, the sector could witness a broader Diwali rally.

However, if breadth remains weak, the rally may stay narrow and top-heavy, led by DLF, Godrej, and other blue chips.

Also Read: Real Estate Stocks End Mixed as Big Developers Gain, Mid-Caps Slip

The post 🏠 Realty Stocks Open Bright This Festive Morning as Blue Chips Shine; Mid-Caps See Mixed Start appeared first on Square Feat India.

“The current slowdown is less about distress and more a strategic adjustment toward sustainable, demand-aligned growth,”
Anuj Puri, Chairman, ANAROCK Group

Pan-India Housing Snapshot – Q2 2025

City-Level Highlights

Shift in Budget Segmentation of Supply

Key Market Trends

• Luxury Leads the Market:
  The luxury segment accounted for the largest share of new launches at 27%, indicating sustained appetite for premium housing.
• Chennai Outperforms:
  Chennai saw 63% annual growth in new launches and 13% sales growth, bucking the broader slowdown.
• Prices Continue to Climb:
  NCR led price appreciation with a 27% year-on-year rise, followed by Bengaluru at 12%.
• Developers Take a Cautious Stance:
  Focus shifted to completing projects and managing inventory amid global economic uncertainties.

“While sales volumes have moderated, average prices are still rising, underscoring the resilience of end-user demand in premium segments,”
Dr. Prashant Thakur, Regional Director & Head of Research, ANAROCK

Inventory Overhang

Looking Ahead

ANAROCK expects recalibration to continue through late 2025 as developers adopt a more selective, measured approach to launches. Falling home loan rates, rising incomes, and regulatory reforms are anticipated to gradually revive demand.

“With the festive season approaching and RBI’s rate cuts improving affordability, the market is poised for a more balanced growth trajectory,”
Abhai Mani Chaturvedi, Sr. Vice President – Research & Advisory, ANAROCK

Also Read: Iconic Worli building Sportsfield home to Gavaskar, Vengsarkar and Shashtri up for redevelopment

The post Rising Prices, Slowing Sales: India’s Housing Sector Enters a Phase of Strategic Pause appeared first on Square Feat India.

Among the top seven cities, Noida’s Sector-150 saw the highest jump in capital values, surging by 128%, while rental values in the area increased by 66%. Similar trends were observed in major cities like Hyderabad, Mumbai Metropolitan Region (MMR), Bengaluru, and the National Capital Region (NCR), where home prices rose faster than rental values.

Top Markets Where Home Prices Outpaced Rent Growth

• Noida (Sector-150): Capital values soared by 128%, while rental values rose by 66%.
• NCR (Sohna Road): Property prices increased by 59%, with rental growth at 47%.
• Mumbai (Chembur & Mulund): Capital values rose by 48% and 43%, respectively, while rental appreciation was lower at 42% and 29%.
• Hyderabad (HITECH City & Gachibowli): Capital values increased by 62% and 78%, compared to rental growth of 54% and 62%, respectively.
• Bengaluru (Thanisandra Main Road): Home prices climbed by 67%, while rental values grew 62%.

Where Rents Rose Faster Than Home Prices

In contrast, cities like Pune, Kolkata, and Chennai saw rental values increase more than property prices.

• Pune (Hinjewadi & Wagholi): Rental values grew 57% and 65%, while capital appreciation was 37% in both areas.
• Kolkata (EM Bypass & Rajarhat): Rents increased by 51% and 37%, while property values appreciated by 19% and 32%.
• Chennai (Pallavaram & Perambur): Rental growth outpaced capital value growth by 44% vs. 21% and 36% vs. 23%, respectively.

What This Means for Homebuyers and Investors

The report highlights that investors looking for long-term property appreciation should focus on cities where capital values are rising faster. Meanwhile, those prioritizing rental income should consider markets where rental values are growing steadily.

“More than ever, investors must align their strategy with specific locations,” says Anuj Puri, Chairman – ANAROCK Group. “Those looking for long-term capital appreciation can target markets with high appreciation, while rental-focused investors should focus on areas where rents are rising consistently.”

This trend underscores a key decision for homebuyers—whether to buy or rent—based on how property prices and rental values are evolving in their preferred locations.

SFI Analysis

The latest ANAROCK data reveals a clear trend: in key Indian cities, home prices are rising faster than rental values, making ownership more lucrative in select markets. Noida’s Sector-150 saw a massive 128% increase in capital values, while Hyderabad, NCR, and MMR also witnessed strong property price growth. In contrast, cities like Pune, Kolkata, and Chennai experienced higher rental appreciation than capital growth. This divergence suggests that investors should focus on capital growth markets, while rental-focused buyers should target cities where rents are rising steadily. The data underscores the importance of location-specific investment strategies for homebuyers and investors alike.

Also Read: Rising property prices have boosted present homeowners’ home equity

The post Home Prices Surge Faster Than Rents in Key Indian Cities appeared first on Square Feat India.

Chembur is rapidly emerging as one of Mumbai’s most dynamic and well-connected real estate markets. From a budding residential hotspot to a flourishing micro-market, this eastern suburb has undergone a remarkable transformation, captivating the attention of homebuyers and investors alike. Its strategic location and unprecedented infrastructure growth have positioned it as a key beneficiary of Mumbai’s urban expansion.

With seamless connectivity to major highways, metro corridors, and upcoming transport projects, Chembur’s accessibility has significantly improved, enhancing its livability and investment appeal. This surge in connectivity is driving strong property value appreciation, making it a hotspot for premium housing. As large-scale developments reshape its skyline and demand rises, Chembur is cementing its status as one of Mumbai’s most promising real estate destinations.

Chembur’s Rise: From Emerging Market to Prime Investment Hub

Over the past decade, Chembur has evolved from a relatively underdeveloped suburb into a high-demand residential and commercial hotspot. Its strategic location ensures excellent connectivity to key business districts such as Bandra-Kurla Complex (BKC), Lower Parel, Nariman Point, Andheri, Powai, and Vikhroli. Infrastructure initiatives like the Eastern Express Highway, BKC Connector, and Santacruz-Chembur Link Road have further enhanced this connectivity. Additionally, new roads, metro corridors, and expressways have made commuting seamless, boosting the appeal of this micro-market.

According to recent market reports, property prices in Chembur have increased from approximately ₹20,000 per sq. ft. to ₹35,000 per sq. ft. in just a few years. Experts predict further growth as connectivity continues to improve. With luxury residential projects offering world-class amenities and a superior lifestyle, Chembur has become an attractive option for end-users and investors seeking high returns on investment. The combination of improved infrastructure, strategic location, and premium developments has solidified its position as one of Mumbai’s most promising real estate destinations.

Seamless Connectivity: The Game-Changer for Real Estate Growth

One of Chembur’s biggest advantages is its seamless connectivity to key parts of Mumbai. Infrastructure developments such as the Eastern Freeway, Eastern Express Highway (EEH), and the Santacruz-Chembur Link Road (SCLR) have significantly reduced travel time to business hubs like Bandra-Kurla Complex (BKC), Lower Parel, and South Mumbai. These connectivity upgrades have played a crucial role in boosting real estate demand in the region.

Additionally, the upcoming Metro Lines 2B, 4, and 5 will further enhance Chembur’s accessibility. Metro Line 2B will connect the suburb to BKC and Wadala, while Line 4 will link it to Thane and other emerging business districts. The future Metro Line 5 will extend connectivity to Kalyan, making Chembur a vital transit point for commuters.

Furthermore, the Navi Mumbai International Airport, expected to be operational by 2026, elevates Chembur’s real estate profile. Its strategic location serves as a gateway between Mumbai and Navi Mumbai, making it an ideal choice for professionals and businesses seeking well-connected residential spaces. The introduction of the Mumbai Coastal Road and the Chembur-Kurla Elevated Corridor has significantly enhanced connectivity and reduced traffic congestion, further increasing the appeal of real estate in the region.

Premium Living in High-Demand Micro-Markets

Chembur’s real estate appeal extends beyond connectivity. It offers a rare blend of luxury, space, and exclusivity—qualities that are becoming increasingly difficult to find in Mumbai. Unlike developments in some other city hubs, Chembur boasts wider roads, premium gated communities, and a well-planned residential landscape.

One of the key highlights of Chembur’s residential transformation is the rise of high-end developments catering to discerning homebuyers. The integration of green spaces and modern architecture ensures a holistic and upscale lifestyle.

Another major advantage of Chembur is its well-established social infrastructure. The suburb is home to renowned educational institutions, top-tier healthcare facilities, and premium recreational zones. Institutions such as the Bombay Presidency Golf Club add to the area’s exclusivity, making it a preferred choice for high-net-worth individuals seeking a luxurious living environment. Additionally, the presence of a vibrant café culture, fine dining options, and lifestyle-centric hubs makes Chembur an attractive choice for professionals and young families alike.

Mumbai’s shifting work culture is fueling demand for upscale residences, as professionals prioritize a healthier work-life balance. As a result, areas offering spacious, amenity-rich homes with seamless connectivity to business districts are experiencing a surge in popularity. Chembur’s ability to provide this balance makes it a prime location for those looking to upgrade their lifestyle while making a sound investment decision.

The Future of Real Estate in Chembur

As ongoing infrastructure projects continue to improve connectivity, Chembur is set for long-term property value growth, ensuring a promising ROI for homeowners and investors. Real estate analysts anticipate these developments will further drive up prices, particularly for premium residential projects experiencing rising demand.

Chembur has emerged as one of the key beneficiaries of this trend, with developers crafting ultra-modern residential spaces tailored to evolving homebuyer preferences. This remarkable transformation positions Chembur at the forefront of Mumbai’s luxury residential landscape, solidifying its status as one of the city’s most coveted and upscale neighborhoods.

Thus, Chembur’s transformation into a prime investment hub is a testament to the power of infrastructure-driven growth. With seamless connectivity, luxury living options, and a thriving real estate market, the suburb presents a compelling opportunity for homebuyers and investors alike. Its unique blend of connectivity, urban convenience, and lifestyle-driven appeal ensures it remains a top choice for modern homebuyers.

As Mumbai continues to expand and evolve, Chembur is well-positioned to be at the forefront of this transformation, making now an ideal time to invest in this high-growth micro-market.

For those looking to make a strategic real estate investment, Chembur offers the perfect mix of location, luxury, and long-term value. With property prices expected to continue their upward trajectory, securing a home in this dynamic suburb is not just a lifestyle upgrade—it’s a smart financial decision.

Also Read: Developers have created space and infrastructure for COVID19 Centres in Mumbai

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The revenue from property registrations through stamp duty collections grew by 12% year-on-year, reaching ₹12,161 crore, compared to ₹10,871 crore in 2023.

Residential properties accounted for 80% of the total registered properties, while non-residential assets made up the remaining 20%, as reported by Knight Frank India, a leading real estate consultancy. The report revealed that December 2024 alone saw 12,518 property registrations, contributing ₹1,154 crore to the state exchequer, surpassing the December 2023 figures of 12,285 registrations and ₹933 crore in revenue.

In 2024, Mumbai had over 1.41 lakh property registrations, the highest in 13 years, demonstrating the city’s sustained demand for real estate despite global economic challenges. For comparison, registrations stood at 1.26 lakh in 2023, 1.22 lakh in 2022, and 1.11 lakh in 2021. Property registrations prior to 2020 had historically been below 1 lakh.

Mumbai’s premium housing segment has also seen significant growth. Properties priced at ₹2 crore and above made up 23% of total registrations in December 2024, up from 18% in December 2023. This segment witnessed 2,879 transactions, reflecting a growing preference for luxury homes. On the other hand, properties priced under ₹50 lakh saw a decline in market share, dropping from 30% in 2023 to 25% in 2024. This shift indicates a preference among buyers for higher-value assets, according to Knight Frank India’s report.

Western and Central suburbs continued to dominate the market, accounting for 86% of the total market share. Notably, the central suburbs saw a rise in their share from 29% to 33%, driven by increased supply and heightened demand from end-users. Meanwhile, the western suburbs experienced a slight decline in market share, from 57% to 53%.

Real estate industry leaders shared their views on the property registration numbers for December 2024:

Prashant Sharma, President, NAREDCO Maharashtra:
“The remarkable growth in Mumbai’s property registrations highlights the resilience and robust demand within the city’s real estate market. The rise in stamp duty collections reflects the growing preference for premium properties and signals buyer confidence. This positive trend reaffirms Mumbai’s position as a dynamic and lucrative real estate hub.”

Rohan Khatau, Director, CCI Projects:
“The substantial increase in property registrations, along with a 12% year-on-year rise in revenue from stamp duty collections, highlights the buoyant market sentiment in Mumbai. The demand for premium homes in key suburbs reflects a clear trend toward lifestyle-driven investments.”

Nishant Deshmukh, Founder and Managing Partner, Sugee Group:
“The sustained increase in property registrations points to a mature market with discerning buyers making informed decisions. Mumbai’s growing real estate market aligns with the rise in well-planned developments offering connectivity and amenities. As a developer, we are optimistic about meeting this evolving demand through projects that balance luxury and accessibility.”

Samyak Jain, Director, Siddha Group:
“The consistent growth in property registrations and revenue is a testament to Mumbai’s strong economic fundamentals and its ability to adapt to evolving buyer preferences. The rise in the central suburbs’ market share indicates growing interest in the area, driven by modern infrastructure and seamless connectivity.”

Shraddha Kedia-Agarwal, Director, Transcon Developers:
“The upward trend in Mumbai’s property market reflects not only the city’s resilience but also the aspirations of its buyers. The increased share of properties priced above ₹2 crore showcases a preference for quality living spaces that align with today’s lifestyle needs.”

Abhishek Jain, COO, Satellite Developers Private Limited (SDPL):
“The 11% rise in property registrations in 2024 shows a healthy market driven by end-user demand and favorable economic conditions. The significant growth in premium property transactions underscores the increasing appetite for luxury housing.”

Govind Krishnan Muthukumar, Managing Director & Co-founder, Tridhaatu Realty:
“The 2024 property registration data underscores the importance of well-designed, strategically located developments. The shift towards premium properties, combined with the rise in central suburbs’ market share, signals a maturing real estate market. We are aligned with this trend, focusing on creating sustainable communities that cater to the aspirations of modern homebuyers.”

Mumbai’s real estate market in 2024 reflects a dynamic shift toward premium housing, a growing demand for suburban developments, and an overall healthy market outlook, driven by economic growth and strategic infrastructure development.

Also Read: Commercial Real Estate Market in Mumbai

The post Mumbai Real Estate Market Surges in 2024: Highest Property Registrations in 13 Years appeared first on Square Feat India.

Panvel vs. Worli: A Case Study

Between 2019 and Q3 2024, Panvel’s average residential prices rose from ₹5,520 per sq. ft. to ₹8,700 per sq. ft., reflecting a 58% appreciation. Comparatively, Worli saw prices rise from ₹38,560 per sq. ft. to ₹53,000 per sq. ft., translating to a 37% growth. Lower Parel, another prime Mumbai area, recorded a 49% increase, while peripheral Virar matched Panvel’s 58% growth, with prices climbing from ₹4,440 per sq. ft. to ₹6,850 per sq. ft.

City-Wide Trends in Top 7 Cities

Across India’s top seven cities, peripheral areas have outperformed their prime counterparts in price growth over the last six years. Improved connectivity, enhanced infrastructure, and the availability of spacious housing projects in peripheral areas have fueled this trend.

• Bengaluru: Gunjur, a peripheral area, topped the charts with a 69% price jump, while Thanisandra Main Road, a prime location, saw a 62% increase.
• NCR: Noida Expressway prices grew by 66%, outpacing Raj Nagar Extension, which saw a 55% rise.
• Pune: Wagholi (peripheral) grew by 37%, compared to Wakad (prime), which recorded a 27% increase.
• Kolkata: Peripheral Madhyamgram saw 43% appreciation, while prime Joka grew by 51%.
• Chennai: Navalur (peripheral) grew by 54%, outpacing Anna Nagar (prime), which saw a 35% rise.
• Hyderabad: Gachibowli and Kondapur, both prime locations, recorded 86% price growth each, surpassing peripheral areas like Kompalli and LB Nagar.

Drivers of Peripheral Growth

Santhosh Kumar, Vice Chairman of ANAROCK Group, attributes this trend to the higher scope for appreciation in peripheral areas compared to already established prime locations. Improved infrastructure, connectivity, and the availability of luxury housing projects in these areas have also driven demand.

“With the pandemic pushing buyers towards larger homes and open spaces, developers have focused on creating state-of-the-art projects in the peripheries,” Kumar added. “These areas offer better value for money and align with post-pandemic housing preferences.”

Conclusion

As housing trends evolve, peripheral areas are emerging as strong contenders to traditional prime markets. Panvel’s rise against Worli exemplifies the shifting dynamics, reflecting the growing allure of affordability and liveability in India’s outskirts.

Also Read: Panvel Real Estate Market Sees Robust Growth

The post Panvel’s Housing Price Surge Outshines Prime Worli in MMR: Peripheral Areas Outpace City Centers in Growth appeared first on Square Feat India.

Despite a record surge in housing sales over the past two years, demand is now stabilizing. However, experts predict strong residential activity will continue, potentially closing 2024 on a high note. Housing prices in cities like Delhi NCR and Bengaluru have seen significant hikes, reflecting consumer preference for larger, more spacious homes. Delhi NCR, in particular, saw a remarkable 32% YoY increase, driven by the launch of luxury and ultra-luxury projects, with areas like Dwarka Expressway and Golf Course Extension seeing price hikes of more than 50%.

Drop in Unsold Inventory
Unsold inventory has continued to decline for the third consecutive quarter, with a reduction in stock across most cities. As of September 2024, unsold inventory stood at over 10 lakh units across the top eight cities, with MMR (Mumbai Metropolitan Region) holding the largest share of 40%. Hyderabad saw a modest decline in unsold units, while Chennai and Kolkata also reported a drop in inventory levels. Pune experienced the largest decrease in unsold inventory, with a 13% YoY reduction.

Outlook for the Housing Market
While the market is gradually stabilizing, the outlook for residential properties remains positive. Developers are recalibrating their strategies, focusing on price-sensitive segments, and offering compact units. The expectation of potential repo rate cuts and easing monetary policies is expected to bring relief to homebuyers in the near future. Additionally, flexible payment plans and incentives are helping maintain sales momentum.

Real Estate Price Trends in Major Cities
Here’s a snapshot of the average housing prices in the top eight cities for Q3 2024:

The ongoing rise in prices, particularly in luxury housing segments, highlights strong demand from aspirational homebuyers. As developers focus on larger homes and premium offerings, they are addressing market dynamics that reflect current consumer preferences.

Developer Strategies and Market Trends
With an eye on the luxury and ultra-luxury segments, developers are adjusting their strategies based on shifting demand. In cities like Bengaluru and Delhi NCR, large, spacious units, especially 3-4 BHK configurations, have seen price hikes of up to 26% YoY during Q3 2024. While affordable housing inventory remains high, new launches are largely focused on the premium end of the market.

The overall outlook for the housing sector remains strong, supported by positive consumer sentiment, steady demand, and the anticipation of financial relief through policy changes.

Also Read: MahaRERA Invites Objections to De-Registration of Macrotech and Raheja Projects Along with 17 Others

The post Housing Prices Continue to Rise Across India’s Top Cities, Up 11% YoY in Q3 2024: CREDAI-Colliers-Liases Foras Report appeared first on Square Feat India.

Cities like Noida and Greater Noida recorded the highest HSI scores, both at 163, signaling strong investor confidence in these areas. Gurugram, Ahmedabad, and Hyderabad followed closely with scores of 160. Meanwhile, major metros such as Delhi (HSI 151), Bengaluru, and Mumbai (HSI 148) showed relatively lower sentiment levels, likely due to rising property prices which may be dampening investor enthusiasm in these markets.

Abhishek Bhadra, Head of Research at Magicbricks, commented, “The robust Housing Sentiment Index underscores growing confidence in the real estate sector, fueled by rising incomes and financial stability. The luxury segment is particularly gaining traction, with investors focusing on high returns, rental yields, and long-term property ownership security.”

The survey also revealed a significant boost in confidence within the luxury housing market, where properties priced between INR 3.5 crore and INR 5 crore achieved an HSI score of 162.

In addition, the report showed an improvement in sentiment towards under-construction properties, with the HSI score rising from 157 in April 2024 to 161 in September 2024. This indicates a growing trust in the potential of upcoming developments and projects.

Overall, the findings suggest that the Indian real estate market is benefiting from continued optimism, supported by urbanization, rising incomes, and favorable government policies designed to encourage residential demand.

Also Read: Residential Rentals Surge in Mumbai’s Western Suburbs Amid High Demand

The post Capital Appreciation and Rising Rental Yields Boost Investor Confidence in Indian Real Estate appeared first on Square Feat India.

The report, based on insights from over 20 million users on the Magicbricks platform, indicates that Noida, Gurugram, and Greater Noida experienced the highest residential price increases during this period. Noida saw prices soar by 16.9% QoQ, Gurugram by 15.5%, and Greater Noida by 15.1%.

As a result, the average price per square foot in Noida reached INR 11,625, up from INR 9,945 in the previous quarter. In Gurugram, average property rates climbed to INR 14,650 per square foot, while Greater Noida’s average rose to INR 7,752 per square foot.

Abhishek Bhadra, Head of Research at Magicbricks, commented on the findings: “The residential real estate market is witnessing strong interest for both primary homeownership and investment. Demand is increasing at its highest pace in the past two years, particularly in satellite cities surrounding major urban centers like Delhi and Mumbai. There appears to be a fear of missing out (FOMO) among investors, which is driving market activity. However, as more supply enters the market, residential prices are expected to continue rising in the short term, though at a more moderate pace.”

The report also highlighted a growing interest in under-construction (UC) properties, leading to a capital appreciation of 11% QoQ across the tracked cities. Notable growth was observed in Thane (19.5% QoQ), Gurugram (17.3%), and Noida (14.5%).

Additionally, the demand for 3BHK units remains dominant, accounting for over 50% of total demand in most cities. However, in Chennai, Navi Mumbai, and Thane, 2BHK units continue to be the preferred choice among buyers.

As the residential market evolves, these trends reflect both the rising interest in property investment and the shifting preferences of homebuyers across India.

Also Read: NAREDCO Maharashtra to Host Real Estate Expo in Mumbai

The post Residential Demand Rises 12.3% QoQ with 8.3% Capital Appreciation appeared first on Square Feat India.

Price Trends Across Major Cities

The latest Housing Price Tracker, published by CREDAI (Confederation of Real Estate Developers’ Associations of India) in collaboration with Colliers and Liases Foras, reveals significant variations in house price trends among India’s largest cities. According to the report:

• Bengaluru, Hyderabad, and the National Capital Region (NCR), which includes Delhi, Faridabad, and Gurugram, have experienced a dramatic increase in average house prices, rising by over 50 percent from January-March 2019 to the second quarter of 2024.
• In Mumbai Metropolitan Region, house prices have remained stable compared to five years ago. Although prices were lower by five percent in the second quarter of 2023 compared to Q1 2019, the market has since stabilized.

Year-Over-Year Changes

The year-over-year data highlights:

• Delhi and the NCR saw the highest increase in house prices, with a 30 percent rise from the second quarter of 2023, driven primarily by luxury real estate projects.
• Bengaluru follows with a 28 percent increase, while Ahmedabad and Pune each saw a 13 percent rise.
• The remaining top cities have experienced more modest price changes, staying well below the ten percent increase threshold.

Expert Insights

The Reuters poll underscores a trend of rising house prices, particularly in the luxury segment. The demand for high-end properties continues to outpace that for affordable housing, which remains constrained by developer profit margins.

Also Read: Mumbai Real Estate Market Sees Record Highs in Property Prices

Credit and Sources

The data for this report is sourced from the Housing Price Tracker by CREDAI, in association with Colliers and Liases Foras. The Reuters poll provided insights into the expected price growth for 2024.

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