Will property prices increase further? Investment of 11 billion dollars expected this year, more demand in these cities

New Delhi. Amid strong demand for properties in the country, equity investment in Indian real estate may increase by 49 percent to reach $ 11 billion in the calendar year 2024. In 2023 it was $7.4 billion. The Confederation of Indian Industry (CII) and real estate consultant CBRE on Wednesday released a joint report titled ‘Leading the Charge: Crafting the Skylines of Tomorrow’ at the annual CII Realty 2024 conference. Equity capital inflows between January and September stood at $8.9 billion, an increase of 46 percent year-on-year. “Total equity investment in the real estate sector is set to set a new record by 2024, crossing US$10 billion for the first time,” the report says.

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Investment will be between 10-11 billion dollars

With improving investment flows into built-up office assets and strong acquisition plans for land in the residential sector, overall equity investment in 2024 will be between $10-11 billion. Anshuman Magazine, Chairman and Chief Executive Officer (CEO) of CBRE India, South-East Asia, West Asia and Africa, said, “Equity investment in the year 2024 is estimated to be between $ 10-11 billion, which is the highest till date. The level will be higher. This underlines the continued interest of investors in the growing real estate market in India.

Good demand for property is being seen in Delhi-NCR for the last few quarters. The real estate market of Noida and Greater Noida has achieved a growth of 6 percent on an annual basis during the July-September 2024 quarter. A total of 8,128 properties were registered during this period, which is more than 7,693 units in the same period last year. The demand for houses in Greater Noida was higher than in Noida. Greater Noida’s share in the total registration of houses was 62%.

According to data from consulting firm Square Yards, house registrations in Noida have increased by 15%. Here 3,127 units were registered in the July-September quarter. In the same period last year, this figure was 2,720 units. On the other hand, the registration number in Greater Noida increased to 5,001 from 4,973 in the July-September quarter of last year.

(with input from language)

Tags: business news, Indian real estate sector, property investment