As we wrapped up 2024, the Indian real estate sector marked a stellar year. Nearly 5,77,000 residential property transactions were recorded, showing a 4% rise from the previous year. The transactions reached a whopping Rs. 4 trillion in value, showcasing a modest 2% increase year-on-year.
Registered Registered Transactions of 2024
The Indian residential real estate market steadily grew in 2024, with a notable increase in transactions and overall sales value. However, the average sales value per unit slightly declined, reflecting a shift in buyer preferences or market dynamics.
Residential Registered Transactions: | 2024: 5.77 lakh units, a 4% increase from 5.56 lakh units in 2023. |
Registered Residential Sales Value: | 2024: Rs. 4.03 lakh crore, a 2% rise from Rs. 3.95 lakh crore in 2023. |
Average Registered Residential Sales Value per Unit: | 2024: Rs. 0.70 crore, a 2% decline compared to Rs. 0.71 crore in 2023. |
Mumbai |
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Pune |
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Bengaluru |
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Hyderabad |
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Thane |
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Navi Mumbai |
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Noida & Greater Noida |
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Ghaziabad |
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Square Yards is a technology-enabled, global real estate aggregator and India’s largest player for primary residential real estate. It’s subsidiary Square Capital is one of the largest marketplace for secured mortgages in India. Square Yards platform offers an integrated consumer experience & covers the full real-estate journey from search, discovery to research, transactions, home loans and post-sales service – fully integrating buyers to an extensive network of 500+ partner real estate developers, and 90+ banks & NBFCs. Square Yards is led by accomplished professionals, ex-bankers, and Ivy school alumni and is backed by the competence of more than 2500 employees in 30 cities and ten countries.