Gigalty’s Post

🏠 India’s Residential Real Estate: Trends, Shifts & Buyer Caution 📉💡 The Indian real estate market is witnessing a pivotal shift. After an impressive annual growth of 52% post-COVID, residential launches across top cities declined by 2% in 2024 Q1-Q3, signaling the sector’s first slowdown since 2020. But amidst this dip, one segment continues to thrive – luxury housing priced above ₹2.5 crore, which grew by an impressive 56%. 📊 Key Insights: • Luxury Boom: Premium projects offering state-of-the-art amenities and larger homes dominate the market. The average flat size has grown by 11.4% in the last three years, reflecting aspirational living trends. • Price Surge: • Delhi-NCR saw the steepest rise in average prices (+56% y-o-y) to ₹1.45 crore. • Bangalore followed with a 44% price increase to ₹1.21 crore. • MMR remains steady, maintaining its average price of ₹1.47 crore with a 1.7% increase in units sold. • Affordable Housing Declines: Launches in the sub-₹40 lakh category fell by 10% in 2024, with developers pivoting toward mid-premium and luxury segments due to better margins and rising land costs. 🛑 Buyer Alert: With the market leaning towards premiumization, buyers must exercise caution: ✔ Check Developer Credentials: Research the builder’s track record and financial health. ✔ Legal Compliance: Verify property titles, approvals, and RERA registration. ✔ Hidden Costs: Be mindful of additional charges like GST, registration fees, and maintenance. ✔ Market Analysis: Understand local trends to avoid overpaying. The real estate market is transforming. Whether you’re eyeing luxury or mid-premium homes, due diligence is key to securing the right investment. 🔗 #RealEstate #LuxuryHomes #IndiaRealEstate #PropertyInvestment #Homebuyers #RealEstateTrends #DelhiNCR #MumbaiRealEstate #BangaloreHomes #RERA #AffordableHousing #LuxuryLiving #PropertyTips

Asia is spearheading the global prime residential market recovery, accounting for four of the top five performing cities (Manila, Tokyo, Mumbai and Delhi) led by Manila according to Knight Frank’s latest edition of the Prime Global Cities Index. Manila leads the charge with a staggering 26.2% annual price growth, followed by Tokyo at 12.5%. Indian cities are also showing remarkable strength, with Mumbai's prime housing market surging 11.5% and Delhi up 10.5% year-over-year. The strong 11.1% price appreciation in Perth confirms the resilience of key Australian luxury markets.

Gurgaon residential properties see huge spike in prices post-pandemic, circle rates go up by 350% Property prices in Gurgaon have seen a tremendous rise since the Covid-19 pandemic. Aided by various infrastructure projects, like the Dwarka expressway and the expansion of the Metro network, realty firms are witnessing a spike in the sale of properties. The realtors’ demand for better circle rates is clear from the fact that there has not been an increase over the last two years in the rates at extravagant neighbourhoods such as those on the Golf Course Road. Sudeep Bhatt, Director (Strategy) at Whiteland Corporation, said Gurgaon has seen significant appreciation in property rates post-pandemic, spurred by “lifestyle changes and a growing preference for premium living spaces”. #realestate #property #housing #residential #demand #growth #therealtynews #investors #investments #realestatedevelopers #realestateagents #hnwis #nris #luxuryhomes #circlerates #stampduty DLF Limited Whiteland Corporation https://lnkd.in/gzcWg6Fa

Bengaluru has emerged as a top performer in India’s residential real estate market, with 16,537 units launched and 18,550 units sold in Q2 2024, according to JLL India new launches increased by 45%, driven by the IT sector and infrastructure upgrades. Key areas like Whitefield saw significant activity, with strong demand in the ₹1-3 crore and premium segments. #BengaluruRealEstate #PropertyInvestment https://ow.ly/Wl6r50SZ1ak

Gurgaon Real Estate News: Latest Trends in Gurgaon, New Projects, and Future Prospects Read full article : #gurgaon #gurgaonnews #gurgaonrealestate #businessnews #trendingnow

The Indian real estate market has witnessed a remarkable resurgence in 2023, with housing sales experiencing a substantial increase of 26% on a year-on-year basis, totalling a commendable 2.71 lakh units across the top seven cities. This robust growth, as reported by JLL, signifies the continued buoyancy of the residential real estate sector, driven by a variety of factors including tech-driven cities, strategic land acquisitions, and a favourable economic outlook. Read more: https://lnkd.in/g-6JKFmM #realestate #property #commercial #residential #luxuryhousing #luxury #luxuryhouse #gurgaon #gurugram #golfcourse #luxuryapartment #independentfloor #primelocation #luxuryvillas #luxurypanthouse #developers #luxuryhousingncr #market #demand #delhincr #economic #strategicmove 

Average apartment sale price in India reached Rs 1.64 crore this year: JLL The first nine months of 2024 saw 2.3 lakh homes being sold in India, valued at Rs 3.8 trillion, with the average sale price of Rs 1.64 crore per apartment primarily fueled by premium projects, especially in Delhi NCR, said global real estate consultancy firm JLL on Wednesday “With capital values surging and being at an all-time high, close to Rs 380,000 crore worth of homes have already been sold across the top seven cities in the first 9 months of 2024, taking the average sale value of an apartment to Rs 1.64 crore. This was primarily driven by premium housing projects recording robust sales during the year, especially in Delhi NCR” said Dr Samantak Das, chief economist and head of research and REIS, India, JLL. #realestate #property #housing #residential #demand #growth #demand #realestatedevelopers #realestateagents #data #report #investors #growth #investments #newlaunches #projects #therealtynews #luxuryhomes #hnwis #nris #jll JLL India https://lnkd.in/g3Xt2d7a

Rising Real Estate Prices: Opportunity or Crisis? The Indian real estate market is witnessing an unprecedented surge in property prices. In the past five years, cities like Gurgaon have seen a 160% jump, while Noida follows closely with a 146% increase. Across the top 10 cities, housing costs have risen by an average of 88%—a figure that’s reshaping the landscape of homeownership. #RealEstate #HousingCrisis #LuxuryHomes #UrbanDevelopment #PropertyInvestment #AffordableHousing

Exciting Trends Shaping the Future of Residential Real Estate in India! Curious about the latest trends reshaping the Indian real estate landscape? Dive into this insightful article by The Times of India to discover the top 5 trends that are shaping the future of residential real estate in India. From innovative technologies to evolving consumer preferences, this piece offers valuable insights for developers, investors, and homebuyers alike. Read more here: https://lnkd.in/gr8KKYvv #RealEstate #India #ResidentialRealEstate #FutureTrends #Innovation #PropertyInvestment

Gurugram records near 20% increase in demand in Q2 2024 The residential real estate market in Gurugram has emerged as a leading hub for premium housing in Delhi-NCR and witnessed remarkable growth in Q2 2024. Aakash Ohri, Joint Managing Director & Chief Business Officer of DLF Home Developers Ltd said that the recent surge in luxury housing in major cities is a clear indicator of the robust demand and dynamic growth within India's prime real estate markets. He added that the growth in prices reinforces the demand the city continues to witness, as people are drawn to high-end properties that offer superior living experiences. #realestate #property #housing #residential #demand #growth #luxuryhomes #realestateagents #realestatedevelopers #report #data #newlaunches #projects #investments #investors #hnwis #nris #therealtynews DLF Limited https://lnkd.in/gemhyG4T