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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, representi...

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