The number of high net worth individuals (HNIs) is likely to double to 1.65 million by 2027 from the current 850,000, according to a study by real estate consultancy firm Anarock. https://www.business-standard.com/finance/personal-finance/20-of-india-s-super-wealthy-are-under-40-fueled-by-start-ups-tech-ipos-124122000236_1.html
Jaipur saw the highest rise in weighted average price of newly launched projects at 65 percent from Rs 4,240 per sqft to Rs 6,979 per sqft in last one year https://www.moneycontrol.com/news/business/real-estate/housing-prices-surge-up-to-65-in-top-30-tier-ii-cities-raipur-stays-most-affordable-12893782.html
Among different asset classes, the residential sector attracted almost 45% of the institutional investment inflows followed by office buildings at 28% https://www.hindustantimes.com/real-estate/yearender-2024-real-estate-sector-attracts-record-8-8-bn-institutional-investments-101734523827581.html
A strong launch pipeline over the next few quarters in 2025 is expected as only 23% of 253.16 mn sq ft of housing supply announced in 2024 has been launched https://www.hindustantimes.com/real-estate/around-200-mn-sq-ft-of-new-housing-supply-likely-to-hit-the-market-in-2025-101734432888901.html
The survey, covering over 450 respondents from 35 cities, showed that around 54 percent of prospective buyers, based in Tier 1 cities, are looking to purchase a home priced up to Rs 2 crore, and 32 percent have a budget of Rs 2.1 crore to Rs 4 crore. https://www.moneycontrol.com/news/business/real-estate/millennials-prefer-home-ownership-homes-up-to-rs-2-crore-most-favourite-survey-12890939.html
Swift urbanization and enhanced infrastructure are among the key trends driving the real estate sector in Tier 2 and 3 cities. https://www.financialexpress.com/money/emerging-housing-trends-fueling-real-estate-boom-in-tier-2-and-3-cities-3690207/
RBI’s decision will enable banks to have more funds to lend, they say https://www.business-standard.com/finance/news/crr-cut-to-infuse-liquidity-to-real-estate-sector-say-developers-124120600577_1.html
The shift toward peripheral areas has been largely driven by the availability of land, which has allowed developers to construct larger, more luxurious residential projects https://www.business-standard.com/finance/personal-finance/69-appreciation-in-6-yrs-peripheries-of-bengaluru-noida-top-prime-areas-124121000444_1.html
In terms of quantum luxury residential unit sales, Delhi-NCR topped with sales of around 5,855 units, a 72% Y-o-Y increase, followed by Mumbai at around 3,820 units, recording 18% Y-o-Y growth https://www.business-standard.com/finance/personal-finance/sales-of-homes-above-rs-4-cr-surge-38-driven-by-delhi-ncr-and-mumbai-124120200249_1.html
Projected sales of 485 million sq ft residential space highlight robust market growth, significant economic impact and consumer confidence in urban real estate. https://www.hindustantimes.com/real-estate/yearender-2024-housing-sales-across-delhi-ncr-mumbai-bengaluru-hyderabad-expected-to-touch-3-05-lakh-units-101733380242150.html
