Greater Noida commanded 62% of Noida-Greater Noida property registrations in Q3 2024, driving 6% volume growth and 34% sales value surge to ₹6,328 crore. Jewar Airport and metro expansions fuel premium demand as average prices hit ₹61 lakh.
Indore emerges as a leading residential plot market alongside Hyderabad and Bengaluru, driven by investor demand for customization and developers' faster monetization strategies. Tier II cities now command 52% of national plot supply.
Pune's real estate witnesses dramatic shift as ₹70L-2Cr homes surge to 40% market share from 13% in 2021, while sub-₹45L segment drops to 35% from 55%.
Noida's luxury housing market, particularly in sectors 143 and 150, experiences a 6-8% annual growth driven by young professionals seeking vertical living in secure, amenity-rich gated communities.
Connect New Chandigarh's rising demand for compact residential plots of 100-200 gaj, offering affordable housing solutions and flexible investment opportunities.
Madurai has seen a significant increase in apartment sales over the past two years, driven by improved connectivity and urban expansion. Large complexes are in high demand, with both core and suburban areas experiencing growth.
Mumbai's luxury real estate market is thriving with Macrotech Developers selling a 15,000 sq ft apartment in Lodha Sea Face for Rs 187 cr. This transaction highlights Worli's appeal due to its prime location and high value.
Maharashtra makes slot booking mandatory for property registration in April due to COVID-19 restrictions, potentially impacting revenue collection.
Revamping stamp duty & registration fee collection could double revenue to Rs 1.5 lakh crore, with Maharashtra's model touted for nationwide adoption.
Potential home buyers may find deals in April-May as developers face pressure to sell unsold stock at lower prices due to financial crunch.
Knight Frank predicts residential property prices may drop further due to sales slowdown and market conditions.