Residential Real Estate Market in India: H1 2024 Review
India’s housing market maintained robust momentum in the first half of 2024, with sales surpassing 156,000 units . This strong performance was supported by a consistent stream of new launches, totaling about 153,000 units . Let’s break down the key highlights: Overall Market Trends: Sales Performance : H1 2024 Sales : Approximately 156,000 units were sold across the country during the first half of 2024. Q2 2024 Sales : In Q2 alone, 70,100 units were sold. Despite the overall positive trend, residential sales in H1 increased by only 1% compared to the previous year. Launches and Inventory : H1 2024 Launches : Developers launched a total of 153,000 units in H1 2024. Q2 2024 Launches : In Q2, 69,600 units were launched. The quarter-on-quarter (Q-o-Q) decline was significant, with a 19% drop in launches. Segment Distribution : Mid-End Projects : Mid-end projects accounted for the largest share, representing 45% of the total launches. High-End Projects & Affordable S
