Browsing Tag

residential market growth

3 posts
Mumbai

Mumbai Real Estate Market Surges in 2024: Highest Property Registrations in 13 Years

Mumbai’s real estate market hit a historic high in 2024 with over 1.41 lakh property registrations, marking the highest figure in 13 years. This surge, coupled with a 12% increase in revenue from stamp duty collections, highlights strong demand, especially in the premium housing sector. Despite global economic challenges, Mumbai’s property market remains resilient, with key suburbs driving the growth. Industry leaders attribute this to favorable economic conditions and evolving buyer preferences.
residential real estate

Residential Market Sees Growth in Sales and Value, Led by Luxury Segment in Q3 2024

The Indian residential real estate market saw a 2% increase in sales in Q3 2024, with a 7% rise in sales value. Luxury properties led the growth, while new supply declined, particularly in affordable and mid-range segments. The market’s resilience is reflected in the strong performance of both metro cities and Tier 2 regions.
hyderabad

Hyderabad’s Residential Market Sees Strong Growth: 7% Increase in Transactions and 20% Surge in Sales Value for July-September 2024

Hyderabad’s residential real estate market showed robust growth in the July-September 2024 quarter, with a 7% increase in transactions and a 20% rise in sales value. The city’s housing market remains strong, driven by rising demand for well-connected properties, especially near key IT hubs and the Outer Ring Road. Developers like Aparna Constructions and Prestige Group lead the charge in this expanding market.