Pulse Real Estate Monthly Monitor: December 2023
Encouraging real estate trends in top eight cities as we march into 2024
- Samantak Das
- Rohan Sharma
According to the report, the real estate market in India's major cities showed positive trends. Retail space take-up increased in most cities, while new residential launches went up. Demand for office space also increased. There were notable policy updates, such as the land rate hike for industrial plots in Greater Noida and a global real estate brand’s acquisition of land for development in Delhi-NCR. The report suggests that home purchase affordability has marginally worsened or remained the same compared to the previous year. Overall, the market sentiment is favorable, indicating growth and demand as we march into the near year 2024.
What’s more? Dr. Samantak Das, Chief Economist and Head Research & REIS, shares his insights on ‘Home Purchase Affordability Index 2023’ published by JLL.