2024 Real Estate Market Projects Affordability Amidst Booming Sales and Economic Uptick
14-Sep-2023
Real estate market on the boil but homes will still be 'affordable' in 2024. Positive economic data, lowering inflation and timely project completion is expected to drive home sales in 2024 too. The possibility of interest rate cuts in 2024 can be another driver for residential home sales.
Hyderabad witnessed an increase in registrations for properties priced at ₹1 crore and above; Weighted average price during January 2024 increased by 14% YoY. As many as 5,411 residential properties were registered in January 2024 in Hyderabad registering a marginal decline of 1% Year-on-Year (YoY).
Mumbai's real estate sector is set to face new trends in 2024. Many new residential and commercial properties are in the pipeline to be launched this year; hence real estate prices are anticipated to be more affordable, benefitting home buyers.
Real estate market on the boil but homes will still be 'affordable' in 2024. Positive economic data, lowering inflation and timely project completion is expected to drive home sales in 2024 too. The possibility of interest rate cuts in 2024 can be another driver for residential home sales.