The real estate sector in Tier-II Indian cities experienced remarkable growth between January and September 2024.

Real estate consultant Anarock reports that residential property prices in India's top seven cities have risen 45% in five years. Due to increased demand and fresh supplies, some micro marketplaces have seen price spikes of up to 90%.

Many middle-class Indians are losing their goal of home ownership as property prices rise, making affordable homes scarce. With the average property costing ₹1.2 crore to ₹1.4 crore, homeownership is becoming increasingly difficult to achieve.

The Mumbai Metropolitan Region (MMR) has seen real estate prices jump 48% in five years. MMR has become one of India's hottest real estate markets due to reduced unsold inventory and rising demand. A detailed look at what caused this massive surge.

The Mumbai real estate market in 2023 has survived global economic storms and reached unprecedented heights, signifying a turning point. A strong economy, growing disposable incomes, a tendency towards bigger living spaces have laid the groundwork for Mumbai real estate in 2024.