The luxury housing market in India experienced a significant boom during the first nine months of 2024 with sales of high-end residential units (priced at Rs 4 crore and above) soaring by 37.8 per cent year-on-year, according to a CBRE report.
The positive homebuying sentiment has persisted throughout 2024, with over 150,000 units sold in the first half of the year, reflecting an increase over the same period in 2023.
However, a notable 24 per cent expect stability, while 25 per cent predict a potential decrease, reflecting a balanced yet cautious sentiment. The outlook for residential launches is also positive, with 61 per cent expecting an increase, suggesting continued demand. A more tempered view is h
A portion of the new launches in Delhi NCR were in the luxury segment. Approximately 27 per cent of the units launched in H1 2024 were priced at Rs 5 crore or above, totalling nearly 6,200 units.
The sale of luxury houses in India increased by 27 per cent during the Jan- June 2024 period as compared to the same period last year, highlights a report by CBRE South Asia a real estate consulting firm.
The Reserve Bank of India's (RBI) decision to keep the repo rate unchanged again is a boon for the Indian real estate sector, said real estate consultancy firm Anarock.
Quarterly housing sales are at an all-time high, with approximately 130,170 units sold in January-March quarter of 2024 across the top seven cities, reveals real estate consultant Anarock data. This is a 14 per cent yearly rise against approximately 113,775 units sold back in January-March 2
Based on the customer preferences of over 2 crore visitors on Magicbricks platform, the report observed that 80% of prospective home buyers continued to prefer multi-storey apartments
Delhi-NCR [India], December 19: The Reserve Bank of India (RBI) decided to keep the repo rate steady, as seen in its recent choice to maintain it at 6.5% for the fifth time, which indicates a commitment to economic stability. This deliberate decision has positive effects across various secto
Pune (Maharashtra) [India], October 12: Planet Smart City, a leading global player in the affordable and aspirational housing market integrating Proptech and ESG-compliant solutions in real estate developments, has added another feather to its cap. The Proptech solutions company has helped m
However, the issue is considerably more widespread than just one business, and the timing is quite poor. According to the New York Times, Country Garden's default would be the most recent in a spate of failures in a housing market that has been struggling for years.