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Real Estate Growth: Growth continues in India’s real estate market. Recent reports show that in the first half of the current financial year alone, houses worth about Rs 3 lakh crore have been sold in 7 cities of the country.
New Delhi. Strong growth of Indian real estate continues. Even in the first half of the current financial year, this sector witnessed a tremendous surge and sold houses worth about Rs 3 lakh crore. That too only in 7 cities of the country. Not only this, the demand for property is expected to continue in the remaining months as well, which may be higher than the previous half. This means that a rise in property prices may also be seen in the coming times.
According to property advisory firm Anarock, during the first quarter of the financial year 2025-26 i.e. April-September period, home sales in 7 major cities of the country increased by 7 percent to Rs 2.98 lakh crore. Not only this, due to better price realization, sales may increase by 19 percent to more than Rs 6.65 lakh crore in the entire financial year. Anarock said in its report that sales in the top 7 Indian cities have become stable in terms of volume.
How many houses were sold in 6 months
According to Anarock, a total of more than 1.93 lakh houses were sold in the top 7 cities during the first half of the current financial year, with a total sale value of more than Rs 2.98 lakh crore. Last year, during the same period, 2.27 lakh houses worth Rs 2.79 lakh crore were sold. Prashant Thakur, Executive Director and Head of Research and Advisory, Anarock, said that the total housing sales in the top 7 cities in terms of value may increase by 19 per cent to more than Rs 6.65 lakh crore during 2025-26.
How many houses were sold last year
According to Prashant Thakur, the total sales in 7 major cities during the financial year 2024-25 in terms of value was about Rs 5.59 lakh crore, while in terms of volume the sales were about 4,22,765 units. This means that today, even though the number of houses sold may seem low in terms of quantity, it is high in terms of value due to rising prices. There are chances of seeing a rise in property prices in future also.
Rapidly growing real estate market
India’s real estate market is growing rapidly. It is estimated that by the year 2030, the size of Indian real estate may increase to more than 1 trillion dollars. Not only this, by the year 2047 its size can reach 5 to 10 trillion dollars and its contribution in GDP can also increase to 14 to 20 percent. Considering the rapidly increasing urbanization and the government’s emphasis on infra projects, it does not seem very difficult to reach this goal.
