Top Real Estate Trends & Forecasts in 2024
smith_saha
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  • Parts 1
  • Time <5 mins
smith_saha
Ongoing, First published Jul 30, 2024
2024advancementscommercialestateforecastshomehousinginvestmentmarketoutlookpredictionspropertyrealresidentialsmartsustainabletechnologytrends
Market Overview
Strong Growth: 2023 saw a significant rise in new launches and home sales in the Indian real estate market, a trend expected to continue in 2024.
Stability: The market has shown resilience despite economic volatility, maintaining investor confidence.
Key Trends
1.	Shop-cum-Offices (SCO) in Commercial Real Estate
o	Growth: Immense growth in SCOs, particularly in Gurugram, NCR.
o	Benefits: Longer leases, higher income, and consistent cash flow for investors.
2.	Digital House Hunting
o	Shift Online: Increased use of digital platforms for home bookings, virtual tours, and transactions.
o	Convenience: Home loans and lease agreements can now be processed online.
3.	Sellers' Market
o	Demand vs. Supply: Rising demand with limited housing supply.
o	Impact: Higher property prices, with buyers willing to pay premiums.
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2024advancementscommercialestateforecastshomehousinginvestmentmarketoutlookpredictionspropertyrealresidentialsmartsustainabletechnologytrends
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