Скачать или смотреть Day 2 of covering the real estate trend in India

Day 2 of covering the real estate trend in India : Growth Rate: Net positive growth of 4% in housing sales during H1 2024 compared to H1 2023.Total Sales: 27,404 residential units sold in H1 2024.

Previous Decline: In Q1 2024, Bengaluru saw a 2% annual decline in home sales due to a steep 68% drop in the affordable housing segment.Segment Analysis:Luxury Segment: Almost half of the overall sales during H1 2024 were in the luxury housing segment.

Homes priced at ₹1 crore and above saw a 76% annual growth, totaling 13,698 units.Affordable Segment: Sales of houses priced below ₹50 lakh fell by 63%, constituting only 7% of total sales with 1,928 units sold.Mid-Segment:

Homes priced between ₹50 lakh and ₹1 crore saw a reduction in their share from 50% to 43%, with 11,778 units sold.Supply and Inventory:Fresh Supply: Increased by 9% annually, with 25,567 units introduced in the market during the January-June 2024 period.Inventory Levels: Available residential inventory stood at approximately 45,420 units by H1 2024, marking a 30% decline over five years.

Inventory overhang fell to a record low of 8 months from 15 months in H2 2019.Price Dynamics:Price Increase: Bengaluru witnessed the highest annual jump in average residential prices at 32%, reaching ₹7,800 per sq. ft. by H1 2024, up from ₹5,900 per sq. ft. by H1 2023.Five-Year Trend: Average residential prices surged by 57% over the last five years, from ₹4,960 per sq. ft. at H1 2019-end to ₹7,800 per sq. ft. by H1 2024-end.

Regional Insights: North Bengaluru commands the highest average capital values, exceeding ₹7,000 per sq.

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