Construction Mirror Article detail

Indian residential property sector to continue grow in 2024, despite the election-related problems

Despite the temporary disruptions caused by the upcoming general elections, the Indian residential market is expected to continue its strong growth in 2024, according to industry executives and industry watchers. Sales are expected to increase by 10-15% this year to more than 300,000 units, boosted by a strong supply pipeline as numerous branded developers continue to acquire land parcels for new launches and enter new markets to capitalize on the surge in housing demand.