In 2024, Mumbai sold 21 of 25 ultra-luxury properties in India's top 25 cities. HNIs and ultra-HNIs drove demand for mansions exceeding Rs 40 crore, worth Rs 2,443 crore. Mumbai, Hyderabad, Gurugram, and Bengaluru became luxury property hotspots as transactions increased.

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%.

The opening of Manohar International Airport in Mopa has made North Goa a top location for luxury property investments. High-end developments have increased due to this planned development, boosting the region's popularity. Ghar highlights 7 ways the new airport is boosting Mopa real estate.

Savills India reports that luxury residential under-construction properties in Delhi, Noida, Gurugram, Bengaluru, and Mumbai rose up to 53% in the first half of 2024. Gurugram grew the most. These are the top five causes of this increase.

The Indian residential property market reached record highs in the March quarter due to steady economic circumstances and buyer confidence. JLL India reported record residential sales despite increased borrowing rates and property costs.

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.

India Shelter Finance Corporation (ISFC), based in Haryana, is planning to increase its capital by raising ₹800 crore through new shares and ₹400 crore by selling some shares currently held by its investors.

According to an Anarock research, premium office space rental prices in seven major cities rose 7% year-over-year to Rs 83 per square foot per month in the first six months of the current fiscal. This is due to growing building prices.

According to a report by CBRE South Asia, between January and June of this year, 6,900 Indian luxury residences with a price tag of Rs 4 crore or more were successfully transacted. This represents an increase from the 3000 units sold in 2022.

The connectivity boost that the Metro network would bring in the congested Whitefield neighbourhood by connecting it to the city's core is expected to increase real estate prices in the area and its surrounds, according to an industry expert.

Undoubtedly, house sales were buoyant throughout the whole of 2022, and this sales momentum is anticipated to persist far into the first quarter of 2023. After that, a great deal will rely on things such as repo rate rises, property price increases, and not only buyer attitude.

In 2022, increasing mortgage fees and house purchase prices in India were countered by growing earnings and the expected percolation effect of a fast expanding economy, keeping end-user demand for residential property in India unchanged until 2023.

Real estate company Macrotech Developers said on December 12, 2022 that its board of directors had authorised the sale of about 7.2% of its shares to institutional investors at an issue price of Rs 1,026 per share.

Indian demand for homes has kept the real estate industry strong over the years. Even in tough times, India's real estate industry has rebounded, surprising even the biggest skeptics. 2022 was a great year for Indian real estate, and 2023 should be even better.

Rental Prices Increase Throughout Many Neighbourhoods in Mumbai