The premium housing segment still takes the longest time to sell its unsold inventory, with an average of 29 months as of Q1 2024, a report has said. https://www.hindustantimes.com/real-estate/bengaluru-and-delhi-ncr-require-the-least-time-to-liquidate-unsold-housing-inventory-101717648288274.html
The real estate sector is at a crucial point, with great growth potential but significant challenges. To reach a market size of USD 1 trillion by 2030 and become a net-zero carbon industry by 2047, we need government support. https://realty.economictimes.indiatimes.com/news/regulatory/new-government-must-bring-policy-reforms-in-realty-sector-naredco/110719210?utm_source=whatsapp_web&utm_medium=social&utm_campaign=socialsharebuttons
While other cities have lately shown a trend reversal, especially post-Covid-19, MMR’s affinity for skyscrapers shows no signs of slowing down. https://www.deccanherald.com/business/mumbais-vertical-boom-mmr-to-see-34-growth-in-skyscrapers-with-40-floors-over-next-six-years-3046103
Over the past ten years, the average size of new retail supply was about 3,91,099 square feet https://www.thehindubusinessline.com/news/real-estate/nearly-90-retail-properties-covering-450-lakh-sq-ft-space-to-come-up-by-2028-report/article68246232.ece
Except for a few realty players, all major developers have achieved higher sales bookings in 2023-24 compared to the preceding financial year https://www.business-standard.com/industry/news/major-18-listed-builders-sell-properties-worth-rs-1-17-trillion-in-fy24-124060200442_1.html
Home purchases are increasingly driven by a select few in a country of more than 1.4 billion people, mostly those unaffected by higher interest rates. https://www.moneycontrol.com/news/business/real-estate/indias-home-prices-to-rise-steadily-affordable-housing-supply-to-lag-demand-poll-12736201.html
Over the past year, the proportion of residential sales attributed to NRIs has risen sharply, now accounting for nearly 25 per cent of total sales at major developers https://www.news18.com/business/nris-fuel-luxury-real-estate-boom-in-india-check-what-industry-players-say-8908429.html
In the past, general election years have witnessed remarkable peaks in the housing market, indicating a strong correlation between elections and residential real estate trends. The years 2014 and 2019 particularly stand out, showcasing significant growth in both sales and new launches across the top 7 cities. https://bangaloremirror.indiatimes.com/bangalore/others/bm-property-general-elections-potential-for-a-housing-market-surge-in-2024/articleshow/110414819.cms
Real estate consultant Anarock said in its latest report that NCR’s unsold stock declined from 2,00,476 units at the end of the March 2018 quarter to 86,420 units as of March 31, 2024 https://www.business-standard.com/industry/news/unsold-homes-in-delhi-ncr-drop-57-in-last-6-years-to-86-420-units-in-q4-124052301056_1.html
Big data is a force for cooperation and transparency in real estate, collaborating with the power of data platforms, that brings together investors, developers, and property owners creating a seamless experience respective to transactions and the ecosystem. https://www.financialexpress.com/money/how-big-data-is-shaping-the-future-of-real-estate-investment-in-india-3497444/
