Urban Uprising: The Southern Cities Driving India’s Property Boom
In our episode – 46 of ‘Keeping It Real By Housing.com’, we delve into the dynamic landscape of India’s real estate market, focusing on the bustling southern cities of Hyderabad, Bengaluru, and Chennai. Despite broader economic fluctuations, these cities have showcased robust growth in property demand during the first quarter of 2024, with Hyderabad leading the pack in Gross Transaction Value (GTV).
We explore the driving forces behind this surge in demand and analyze the implications for future market trends. Additionally, we examine the intriguing shift towards higher price brackets in new home launches and sales, juxtaposed against a recent downturn in new launches. With the general elections behind us, there’s anticipation surrounding the revival of demand, prompting a closer look at key localities in the southern market and emerging opportunities in tier-II cities.
