INSUBCONTINENT EXCLUSIVE:
Robust demand and increased supply have driven this growth.These factors highlight significant shifts in the real estate landscape
Between 2019 and the first half of 2024, prices rose by an average of 45%
appreciation, with a 90% increase
Prices jumped from ?4,300 ($51) per square foot in 2019 to ?8,151 ($97) in H1 2024.In addition, most new supplies targeted the mid- and
square foot.City-Level TrendsAcross the cities, Hyderabad led with a 64% increase in residential prices
Bengaluru followed with a 57% rise.Kolkata saw the lowest growth at 25%
NCR and Mumbai Metropolitan Region (MMR) both recorded a 48% rise
From 2019 to H1 2024, over 16,32,650 new residential units were launched in these cities.Additionally, MMR led with 5,25,430 units, followed
by Pune with 2,95,550 units
Dombivli in MMR emerged as the most active micro-market, reflecting dynamic growth.Economic and Market ContextSeveral factors underpin this
Mumbai.Post-Pandemic Recovery: The real estate market rebounded swiftly after the pandemic
Price growth outpaced general inflation
This recovery marked increased demand and new supply.Policy Support: Government initiatives, such as allowing 100% FDI for township
development, bolstered the sector.Why It MattersThis surge in residential real estate prices reflects broader economic trends and
urbanization patterns in India
More people migrate to urban areas, so the demand for housing continues to rise.However, this trend underscores the importance of strategic
Investors, developers, and homebuyers must understand these dynamics to make informed decisions.In short, as the market evolves, balancing
growth with sustainability and affordability will ensure long-term prosperity.
