2023 witnessed high volume of registrations and interest from homebuyers and oversaw over 19,050 RERA registrations at pan India level, according to the report, with 45 per cent projects falling in the residential segment. https://www.financialexpress.com/business/industry-housing-demand-in-india-projected-to-reach-93-million-by-2036-says-credai-liases-foras-report-3359689/
Demand for luxury housing in India surged to 112% in 2023 compared to the previous year, fueled by increased disposable income and the allure of an enhanced lifestyle, according to proptech unicorn NoBroker. https://www.livemint.com/industry/demand-for-luxury-housing-in-india-surges-villas-most-popular-in-metro-cities-nobroker-11704440107758.html
There was a 23 per cent yearly decline in Delhi-NCR’s unsold inventory – from about 1,23,692 units by 2022-end to nearly 94,803 units by 2023-end https://www.news18.com/business/real-estate-delhi-ncrs-unsold-inventory-at-decadal-low-under-1-lakh-units-for-1st-time-8731059.html
Office space transactions, an indicator of corporate sentiment, touched 59.6 million square feet, marginally lower than a record 60.6 million square feet achieved before the pandemic in 2019, a report by a real estate consultancy Knight Frank said. https://www.cnbctv18.com/real-estate/indian-office-space-transactions-surge-to-4-year-high-on-rising-corporate-sentiment-knight-frank-report-18709171.htm
The industrial & warehousing segment saw a two-fold rise – with investments to the tune of $0.9 billion – marking the highest increase across all segments in 2023. https://www.deccanherald.com/business/realty-sector-secures-5-4-bn-institutional-inflows-in-2023-report-2831762
