Key Points
Business News/ Industry / Potential homebuyers preferring houses above 1 crore; Over 10,000 units sold in Delhi -NCR in Q1 2024. ..
In Bengaluru and Mumbai, 7,401 and 6,075 housing units of above 1 crore were sold in the same periodThe share of sales of houses below 50 lakh declined by 10% year-on-year with only 23,026 units sold in Q1 2024..
Premium Home sales surged by 9% year-on-year to 86,345 units in Q1 2024 in India..
India's housing market has witnessed robust growth in the first quarter of 2024 across eight metro cities (Mumbai, Delhi-NCR, Bengaluru, Pune, Hyderabad, Ahmedabad, Chennai, and Kolkata)..
Interestingly, the share of sales of houses below 50 lakh declined by 10% year-on-year with only 23,026 units sold..
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