From Metros to Mini Metros: Mapping India’s Real Estate Revolution
Explore the thriving landscape of India’s real estate market in the first quarter of 2024, where residential property sales skyrocketed to a remarkable Rs 1.11 lakh crore, as per the latest quarterly report from PropTiger.com. In this discussion, industry experts Vikas Wadhawan, CFO REA India, and Business Head at PropTiger.com, along with Ankita Sood, Head of Research at REA India (Housing.com & PropTiger.com), unravel the driving forces behind this unprecedented surge. Vikas analyses the economic implications of the surge, particularly for industries like cement and steel, while Ankita delves into the factors sustaining the growth trajectory in India’s primary residential markets. The dominance of major cities such as Mumbai, Hyderabad, Delhi NCR, and Pune in property transactions is highlighted, alongside emerging housing markets beyond these urban centres. Additionally, Ankita sheds light on the growth trends in tier-2 markets and adjoining areas, exploring the factors propelling this expansion and its future implications. Join us for a comprehensive exploration of the trends shaping India’s dynamic real estate sector, offering invaluable insights for investors and stakeholders alike.
