Diwali Investment | Unlock Higher Returns From Real Estate In Samvat 2081

#Samvat2081 #BusinessNews #DiwaliSpecial #DiwaliInvestment #RealEstate
As the festive season nears, the Indian real estate market is witnessing a surge in both residential demand and supply. Homeowners and developers are taking advantage of increased interest from potential buyers, leading to a notable rise in residential inventory. In the January-September period of 2024, a total of 2.29 lakh housing units were sold, marking a 17% growth compared to the same period last year. Bengaluru and Mumbai led these sales, contributing around 44% of the total, with luxury and premium housing seeing the highest demand, according to a report by JLL.However, during the July-September quarter of 2024, PropTiger.com's "Real Insight Residential Report" revealed that India's top eight residential markets experienced a year-on-year decline in both housing sales and new launches. A sharp 20% rise in home prices across these cities impacted affordability, resulting in a 5% YoY drop in overall sales. New launches fell by an even steeper 25% compared to Q3 2023. Despite this, Delhi NCR stood out, registering a 29% YoY increase in sales, with 10,098 units sold compared to 7,800 in the same period last year. Additionally, the region saw a 76% YoY rise in new launches, with 11,955 units introduced in Q3 2024, indicating strong developer confidence.As Samvat 2081 approaches, will the real return lie in real estate? Tune in to an insightful conversation featuring Dhruv Agarwala, Group CEO of Housing.com and PropTiger.com, and Niranjan Hiranandani, Founder & Chairman of Hiranandani Group and Arnab Dutta, Senior Assistant Editor of Business Today Magazine in a discussion with Business Today TV Managing Editor Siddharth Zarabi.

#markettoday #marketlive #diwaliseason #diwalifestival #stocktobuy #stocktowatch #stockmarket

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