Page 30 - CIJ Oct 2024 Digital Edition
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FOCUS




          Real Estate and FM Trends


          in H1 2024


          The first half of 2024 has been a period of remarkable resilience
          and transformation for the Indian real estate market. Despite global
          economic challenges such as high interest rates, geopolitical tensions,

          and inflation, the market has demonstrated significant adaptability
          and growth. Knight Frank LLP is the leading independent, global
          property consultancy headquartered in London which advises clients
          ranging from individual owners and buyers to major developers,
          investors and corporate tenants. Clean India Journal publishes an
          extract of their findings in real estate trends as seen in the first half
          (H1) of 2024, in Indian corporate and residential real estate growth,
          demand for sustainable buildings and practices and adoption of
          technology in smart living spaces.



                      ccording to the     swiftest and steepest resurgence   caused by the Israel-Palestine and
                      study, the Indian   with sales volumes in the primary   Russia-Ukraine wars.
                      residential real    market have grown at a healthy    The residential market sustained
                      estate market has   annualized rate of 29% since 2020.   its momentum in 2024 with sales
          Ashown resilience               Market sentiments have been very   in H1 2024 scaling an 11-year
          and growth in the first half of 2024.   positive largely due to an upbeat   high representing a healthy 11%
          While India’s real estate industry   economic outlook with GDP   growth in YoY half-yearly terms.
          has experienced a broad-based   growth rates at the highest levels in   Homebuyer preferences are
          recovery across all segments, the   the world, even in the backdrop of a   evolving rapidly, with residential
          residential market has seen the   volatile global geopolitical scenario   units priced over INR 10 mn


          Launches and Sales Trend






























               OCTOBER 2024•Clean India Journal
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