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
MMR (20 per cent), Bengaluru (19 per cent), NCR (19 per cent) emerged as India’s most searched regions for properties in 2023,’ Magicbricks said in a statement. https://www.deccanherald.com/business/mumbai-region-bengaluru-delhi-ncr-most-searched-locations-for-properties-magicbricks-2820837
A look at the highs and lows of real estate in 2023 https://timesproperty.com/news/post/grow-wealth-from-the-ground-up-blid6295?offset=1
The Indian real estate sector is poised for an exceptional performance in FY 2024-25, underpinned by a confluence of compelling factors. https://www.financialexpress.com/money/indias-real-estate-renaissance-bright-projections-signal-a-thriving-fy2024-25-3342579/
The sale of residential units in Bengaluru has surged, with the overall sales value reaching Rs 38,517 crore for the first nine months of 2023, a 42% increase compared to the same period in 2022. https://timesofindia.indiatimes.com/city/bengaluru/47k-homes-worth-rs-38k-cr-sold-in-city-from-jan-to-sept/articleshow/106071865.cms
After witnessing a high volume of housing registrations in 2023, there is a platform for 2024 to not only sustain this momentum but potentially surpass it. https://www.news18.com/business/emerging-trends-in-real-estate-2024-housing-sector-india-8705271.html
Sales value in nine months of 2023 exceeds that recorded in the whole of last year: Anarock Group https://www.business-standard.com/industry/news/housing-sales-value-to-top-38-cross-rs-4-5-trillion-in-2023-report-123121400500_1.html
