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
30 www.cleanindiajournal.com