Summary:

In 2024, India's residential property market grew by 4% to 5.77 lakh transactions. The total transaction value surpassed Rs. 4 lakh crore (US$ 46.69 billion), representing a 2% YoY increase. The western region, which includes Mumbai, Pune, Thane, and Navi Mumbai, accounted for 61% of transactions and 69% of sales. Bengaluru and Hyderabad also made significant contributions, indicating robust demand and a mature industry transitioning to sustainable growth in 2025.

Property prices have risen by 132% since 2019, driven by luxury demand. Cities such as Noida, Greater Noida, Bengaluru, Pune, and Mumbai saw considerable price increases. Developers launched 3.9 lakh units and delivered 4 lakh units by 2024. The forecast for 2025 is positive, with over 3.6 lakh units expected to be delivered, driven by a strong economy and evolving customer preferences, ensuring continued market growth.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.