India's real estate market is expected to see a flurry of new residential launches in 2024. The sector is resilient, driven by demand, tech adoption and investment from NRIs.
India's luxury real estate market is experiencing high demand, with a 24% increase in the average cost of luxury housing units this year. Factors driving this growth include changing consumer behavior, a growing middle class, and the incorporation of smart technology and eco-friendly features in luxury homes.
The ongoing recession is prompting changes in real estate, with consumers becoming cautious and developers focusing on affordable housing for middle-class buyers.