Housing sales up 7% in 2024 across top 8 cities at 350K units: Knight Frank

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Housing sales up 7% in 2024 across top 8 cities at 350K units: Knight Frank - Business Standard

Quick Summary:

Housing sales rose 7 per cent annually in 2024 across eight major cities to reach 12-year high at 3,50,613 units on better demand for premium homes amid stable mortgage rates and strong economic growth, according to Knight Frank.

In a virtual conference on Tuesday, property consultant Knight Frank India Chairman and Managing Director Shishir Baijal noted that the Indian housing market saw a strong demand for homes priced between Rs 2-5 crore each.

Last month, real estate consultant Anarock had reported that housing sales declined 4 per cent in 2024 to nearly 4.6 lakh units across seven major cities.