The Indian Real Estate Sector accounted for investments amounting to $ 1.1 billion in Q1 2024, with the residential sector outshining other asset classes and acquiring investments close to $693 million, according to a report by Cushman & Wakefield
The real estate sector is one of the major contributors to revenue of states and UTs, which collected an estimated Rs 2 lakh crore during last fiscal year in various forms, including stamp duties, according to a Naredco-Knight Frank India report.
Indian Real Estate Got $26.6 Billion In Foreign Investment In 2017-22, Thanks To Policy Reforms: Report swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
According to Liases Foras Rating and Research, unsold housing inventory rose by about 15% from FY22 to FY23. This was primarily because the rate at which developers launched projects outstripped sales during the past year
The housing market in India will remain resilient to higher interest rates and a weak global economic outlook, said a Reuters poll of property analysts who predicted almost the three months back. It is said that despite a global trend of falling housing prices and rising mortgage rates, India has exhibited resilience is emerging from a decade-long downturn due to strong demand. aaa