Mumbai: A dominant Indian real estate market can no longer be undermined. Market experts feel that real estate is on the brink of revival and upheaval and will reach new heights in 2024 in India. This has boosted the sentiment amongst builders and buyers. In 2024, realty growth will be fuelled by factors like economic stability, new sales and the buying sentiment. This is a trend that is already visible in metropolitan cities like Mumbai, Delhi, Bengaluru, and tier 2 and 3 cities with construction of bigger and new apartment complexes, malls, and offices. Experts like Shravan Gupta, MGF Group feel the desire for home ownership has emerged as a favourable condition for the revival of the realty segment.
Enhanced demand- Experts suggest that demand for new homes is at an all-time high and is likely to grow more in 2025. The main factors behind this trend are high resilience levels and economic growth. Some feel real estate markets may increase beyond 20%. And this is likely to draw more buyers and new investors into the sector. It has made Real estate the most promising sector in 2024.
Higher construction levels- The new constructions are made with better infrastructure, technology and better amenities. Today’s homes are capable of meeting the demand of new-generation buyers who look out for smart and eco-friendly homes. Those who look for large open spaces, gyms, and schools can find them in lifestyle and statement homes. New townships and smart homes are coming up in These are being coming up in tier 2 and 3 cities and metropolitan cities. Shravan Gupta, MGF Group feels this vibrant trend has boosted the realty segment and drawn new buyers.
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