Real estate status in Indian cities in 2024

The Indian real estate market witnessed robust performance in 2023 and early 2024, buoyed by a resilient economy, favourable government policies, and increased consumer confidence. Key metropolitan areas have seen a surge in property transactions and prices.

https://www.sobha.com/blog/property-price-predictions-indian-cities/#:~:text=The%20Indian%20real%20estate%20market,in%20property%20transactions%20and%20prices.

Property Price Predictions for Major Indian Cities in 2024!

Here are a few factors that elevate customer confidence in investing in real estate now--

Real estate investment is considered a source of wealth creation in India. The country is continuously growing. That's why, many cities are emerging as promising destinations for investment.

Although the entire country is experiencing a real estate boom, a few places are on top. This brief guide shared below explains and explores India's ten best cities for real estate investment. Whether you're a seasoned investor or a first-timer, this list tells where to put your money. You will also learn more about these cities' current investment opportunities and future growth prospects.

https://www.adanirealty.com/blogs/best-cities-for-real-estate-investment-in-india

Please share your views regarding real estate investments in India, particularly in the city of Mumbai.

Delhi NCR Real Estate Trends for 2024

2024 is predicted to witness growth in the real estate market which reflects the preferences and aspirations of prospective property buyers in the real estate properties in the bustling city of Delhi NCR. A recent survey report by RnR (an independent research wing of Rise Infraventures Limited shows that around 57% of the real estate investors are planning to make investments in the next 3-5 months which indicates an increase in demand of the real estate properties.

The most important thing to focus on is that around 50% of the prospective buyers are focusing primarily on residential properties because they’re seeking high-end living spaces to elevate their lifestyle and have unparalleled comfort in their dream house in Delhi NCR. However, such real estate trends indicate a shift towards owning a property to attain a holistic living experience.

• The current real estate trends show the interest of home buyers towards quality living. That means, today home-buyers are not just looking for homes but want an elevated lifestyle in their residences.
• Due to this shift towards quality living, the demand for luxury projects in Delhi NCR is witnessing heightened interest because today people aspire to have comfort and opulence in their living spaces such as in Godrej Connaught One.
• Another factor that the buyers consider is the high return. Hence, today’s buyers aren’t buying homes just to have the ownership but they’re drawn to the market due to the potential of the real estate for remarkable returns.

So, real estate is not just an investment in today’s time but this has become a statement of one’s status and lifestyle with the evolving property price trend in Delhi.

The real estate market in Delhi NCR is witnessing substantial growth and with that the buyers are becoming more knowledgeable about their buying decisions and they’re now focusing on the locations along with the potential for appreciation. The rise in demand for 3 BHK flat in Delhi NCR or even bigger luxury apartments and the surge in investments shows that people in today’s times are buying real estate property for both self-use and investment.

Property Registrations Rise Up 64% in Kolkata in 2024.
The City of Joy is witnessing a boom in its residential real estate sector. According to recent data, property registrations in Kolkata saw a staggering 64% increase in February 2024 compared to the same period in 2023.

Kolkata real estate market is experiencing a residential boom, with sales expected to continue growing in 2025, particularly in the mid-range and luxury segments, while remaining an affordable option compared to other major Indian

Here's a more detailed look at the Kolkata real estate market:

Key Trends and Developments:

• Continued Growth:
  Kolkata's residential market is expected to see continued growth in 2025, with sales figures potentially exceeding 17,000 units and reaching a value of over Rs 12,000 crore.
  
  
  
  
  
  
  
  
• Affordability:
  Kolkata remains a relatively affordable major residential market in India, attracting both residential and commercial investors.
  
  
  
  
  
  
  
  


• Mid-Range and Luxury Segments:
  The mid-range (Rs 60 lakh to Rs 90 lakh) and luxury segments (Rs 1 crore to Rs 3 crore) are witnessing robust sales and upward growth.
  
  
  
  
  
  
  
  


• Commercial Real Estate:
  The commercial real estate market is also experiencing a boom, with office space leasing increasing.
  
  
  
  
  
  
  
  


• New Infrastructure Projects:
  New infrastructure projects, a growing population, and shifting consumer preferences are contributing to the exciting developments in the real estate scenario.
  
  
  
  
  
  
  
  


• Popular Suburbs:
  Suburbs like Newtown, Rajarhat, Madhyamgram, Birati, Howrah, Uttarpara, Joka, and Narendrapur are experiencing significant growth.
  
  
  
  
  
  
  
  


• Rajarhat:
  Rajarhat, known as the IT hub of the state, is a fast-growing suburban city close to Kolkata, and a prime spot for both residential and commercial investments.
  
  
  
  
  
  
  
  


• NRI Investments:
  Rajarhat has witnessed a significant increase in NRI investments, making it a favorite among investors looking for strong rental yields and long-term appreciation.
  
  
  
  
  
  
  
  


• Posh Areas:
  Alipore is often regarded as Kolkata's most posh area, known for its sprawling bungalows, luxury apartments, and tree-lined avenues.
  
  
  
  
  
  
  
  


• Prime Locations:
  EM Bypass, Madhyamgram, New Alipore, Batanagar, and Jessore Road are considered prime locations for buying