The Indian housing market hit a new milestone in FY24, with sales reaching an all-time high over the past decade. A remarkable 5 lakh units were sold, marking a significant leap in the demand for homes.

Planet Smart City's flagship 'Universe' project in Hinjewadi's Life Republic township is practically sold out. With over 88% of residential and 91% of commercial units sold, Kolte-Patil Developers (KPDL) helped achieve this achievement.

According to a report by CBRE South Asia, between January and June of this year, 6,900 Indian luxury residences with a price tag of Rs 4 crore or more were successfully transacted. This represents an increase from the 3000 units sold in 2022.

Brookfield India Real Estate Trust is selling private placement units to institutional investors to earn up to Rs 3,500 crore to buy two Gurugram and Mumbai properties.

In March 2023, the BMC-governed area of Mumbai reported the sale of 12,421 residential units, generating state revenue in excess of Rs 1,143 crore.

In some extremely pleasant news for the real estate industry in India, in 2022, housing sales in the top seven cities will surpass the previous record of 3.43 lakh units in 2014. Continue reading for further insights.

According to Mumbai property specialists, the number of property sale registrations in BMC-registered Mumbai in September 2022 exceeded 8,600 units. These property registrations generated around 7341 Cr rupees to the economy of Maharashtra.

Pune real estate has clocked sales of around 53,000 housing units in the period between January and July 2021 as compared to about 49,000 housing units between January and July 2019 indicating an almost 8% growth.

ASK Property Investment Advisors (ASK PIA) has invested in an upcoming real estate project in Pune in Baner locality spread on a 16 acre land parcel. This project is being developed by Kalpataru and will comprise of 1,200 residential units with a saleable area of approximately 1.9 million sq ft.