Housing Sales Soar: India's Real Estate Market Hits 12-Year Peak in 2024

Housing sales across India's top eight cities surged 7% in 2024, reaching a remarkable 350,613 units - the highest in 12 years. Mumbai led the charge with 96,470 units sold, while Hyderabad and Pune hit all-time sales records. The premium housing segment drove growth, with homes priced between ₹2-5...

Housing sales across India's top eight cities surged 7% in 2024, reaching a remarkable 350,613 units - the highest in 12 years. Mumbai led the charge with 96,470 units sold, while Hyderabad and Pune hit all-time sales records. The premium housing segment drove growth, with homes priced between ₹2-5 crore experiencing an impressive 85% annual expansion24. Key highlights: Stable mortgage rates Strong economic growth Increasing demand for premium homes Significant growth in higher ticket-size segments Industry experts like Shishir Baijal of Knight Frank note a "premiumisation trend" reflecting evolving consumer lifestyle needs4. Source: Hindustan Times