Residential Property Transactions Soar Past 5.5 Lakh in 2024, Grossing Over Rs. 4 Lakh Crore; Property Prices Surge 60% in Five Years

In 2024, India’s residential property market continued to thrive with nearly 5.77 lakh registered transactions, surpassing Rs. 4 lakh crore in value. This growth, marked by a 60% increase in property prices over the last five years, highlights a strong demand for homes across top cities. Gurugram, in particular, saw remarkable price hikes, with a 132% increase since 2019. The outlook for 2025 remains positive, with expectations of further growth in both demand and supply.

2024 Sets New Benchmarks for Indian Real Estate, Gears Up for 25% Growth in 2025

The Indian real estate market in 2024 has set new benchmarks, driven by rising demand for luxury homes, technological innovations, and sustainability. Tier 2 cities are emerging as key players, offering affordable, modern living options. With a projected 25% growth in 2025, the sector is poised for continued expansion, with significant contributions from both luxury and eco-friendly housing.