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Real Estate Trends 2024

5 posts
Mumbai home sales September 2024 decline

Average Flat Sizes Rise 7% in Top 7 Cities in 2024; NCR Leads with a 29% Annual Increase

The quest for larger homes continues in India’s real estate market. Average flat sizes in the top 7 cities rose by 7% in 2024, with NCR leading the way at a 29% annual growth. Over six years, the average size across these cities increased by 34%, driven by strong demand for luxury housing. NCR’s average flat size soared to 2,435 sq. ft. in 2024, while MMR remains the most space-constrained at 849 sq. ft. Despite higher property prices, spacious homes are a top priority for Indian homebuyers.
Lodha

Lodha Golfview in Palava Sees Two Transactions Valued at ₹8.5 Cr Each

In 2024, Lodha Golfview in Palava recorded two standout property transactions, each valued at ₹8.5 crore, signaling a shift in the Kalyan-Dombivli market toward luxury real estate. These high-value sales highlight the growing demand for premium homes in emerging locations outside Mumbai’s traditional luxury neighborhoods. With properties priced at ₹15,200 per square foot, Palava is reshaping perceptions of luxury living in the Mumbai Metropolitan Region.
Unsold stock of homes

How India Searched for Homes in 2024

Magicbricks’ 2024 report reveals the latest trends in India’s real estate market, showing a shift towards tier-2 cities, compact homes, and vastu-compliant properties. With varying preferences in metros and emerging towns, homebuyers are increasingly focused on location, floor levels, and parking needs, shaping the future of the housing sector.
Mumbai

Mumbai’s Real Estate Boom: A Developer’s Perspective on Rising Property Registrations

Mumbai’s real estate market is booming, with record property registrations fueled by favorable government policies, evolving buyer preferences, and strategic developer initiatives. In Q3 2024, the Mumbai Metropolitan Region (MMR) captured 32% of India’s total real estate market share, driven by strong demand for mid-income and affordable housing in suburban areas like Thane, Navi Mumbai, and Panvel. Developers are adapting by offering attractive festive discounts, virtual property tours, and focusing on modern amenities and improved connectivity to meet the changing needs of homebuyers.
residential real estate

Top Cities Experience Soaring Residential Prices, with Bengaluru and Hyderabad Leading the Charge

Residential real estate prices have surged dramatically over the past five years,…