Real Estate Trends@ 2024
The real estate market in 2024 is expected to reach $1.04 trillion by 2029, growing at a CAGR of 25.60%, driven by rising demand for data centers and luxury homes, with key growth drives including affordable housing and liberalized FDI policies. This year is poised to bring stability to the housing market, with mortgage rates declining, home prices remaining mostly flat, and improved affordability, particularly in latter part of 2024...
9/27/20242 min read
ORIGIN
The concept of real estate dates back to ancient civilizations, where land ownership became a symbol of wealth and power. While land was valuable, there wasn't a formalized market for buying and selling property. As societies grew and urbanization increased, so did the demand for properties in growing cities. This created the need for brokers or intermediaries to facilitate the buying, selling, and leasing of land and properties.
Indian real estate to be worth $1.5 trillion by 2034
Here's what are the current trending for Real estate professionals!
The real estate landscape is shifting. Gone are the days of relying solely on brick-and-mortar marketing.
The market is a dynamic and ever-evolving sector, deeply intertwined with economic conditions, demographic shifts, and technological advancements.
The growth rate of real estate industry across India was estimated to be 11.2 percent for the last decade.
Urbanization has led to increased demand for housing and commercial properties, which has led to the development of high-rise buildings, malls, and hotels.
Staying ahead of the curve by familiarizing oneself with the latest real estate tech tools, from virtual tour software to CRM systems that enhance client relationships.
Social Media marketing is the key to major successes in the world right know. Agents with good data analytical skills can have one of the best leverages on the paid social media platforms.
There is a growing interest in eco-friendly and energy-efficient housing solutions.
Prefabricated homes, container homes, and monolithic dome homes are just some of the most affordable new homes.
Today, it's all about digital dominance; data analytics, social media marketing, performance marketing is leading the charge.
Institutional investments in Indian real estate surged to $4.8 billion across 40 deals in the first half of 2024 (H1 2024) when the world was batting economic challenges.
Investment volumes in the first six months of 2024 have already reached 81 per cent of the total made in 2023, which was at $5.8 billion.
Foreign institutional investors accounted for a sustained 65% share of the total investment.
In H1 2024, foreign institutional investors (Fills) held a dominant 65 per cent share of Indian investments, totaling $3.1 billion. In 2023, domestic investors accounted for 37 per cent of investments, compared to an average of 19 per cent over the previous five years. This trend appears to continue in H1 2024, with domestic investors representing a 35 per cent share.