In this episode of Keeping it Real by Housing.com, we explore the surging residential real estate market in India during 2023. According to PropTiger.com’s recent report, sales reached a peak with a 33% YoY growth, totalling 4.10 lakh units. Ms. Ankita Sood, Head of Research at Housing.com, PropTiger.com & Makaan.com, joins us to dissect the trends. She spotlights cities at the forefront of demand and supply, identifying key micro markets within each region, offering insightful nuggets for listeners. Ankita discusses the intriguing 29% surge in demand for properties above INR 1 crore and probes the factors driving this upscale demand. The conversation also touches on potential challenges arising from rising property prices and interest rates, exploring whether they pose short-term hiccups or enduring obstacles.
Lastly, Ankita shares expectations for Budget 2024, providing a forward-looking perspective on how governmental policies may shape the real estate landscape in the coming year.
Stay tuned for a deep dive into the transformative year in India’s real estate history.
