In the year 2022, around ** thousand housing units were sold in Mumbai, India's most demanding residential housing market. All of the eight biggest metropolitan areas of India except Kolkata recorded a significant increase in housing sales. There was a total of ******* residential properties sold during the period.

In 2022, the number of houses sold on the residential market across India was recorded at over ******* housing units. Thereby housing sales increased by more than ** percent compared to the previous year. The first year of the decade that the number of sales decreased to under ******* was in 2020.

India IN: House Price Index: Nominal: sa data was reported at 149.020 2015=100 in Dec 2024. This records a decrease from the previous number of 149.115 2015=100 for Sep 2024. India IN: House Price Index: Nominal: sa data is updated quarterly, averaging 111.391 2015=100 from Mar 2009 (Median) to Dec 2024, with 64 observations. The data reached an all-time high of 149.115 2015=100 in Sep 2024 and a record low of 34.745 2015=100 in Mar 2009. India IN: House Price Index: Nominal: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.AHPI: House Price Index: Seasonally Adjusted: Non OECD Member: Quarterly. Urban areas - 10 main cities; Seasonnally adjusted by OECD, using the X-12 ARIMA method; Residential property prices, sales of newly-built and existing dwellings, all types of dwellings The source for recent figures is same as the OECD Residential Property Price Indices (RPPIs) - Headline indicators database. Sales

The real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in India was forecast to continuously increase between 2024 and 2029 by in total 45.5 billion U.S. dollars (+17.28 percent). After the eleventh consecutive increasing year, the real estate transaction value is estimated to reach 308.82 billion U.S. dollars and therefore a new peak in 2029. Notably, the real estate transaction value of the 'Residential Real Estate Transactions' segment of the real estate market was continuously increasing over the past years.Find more key insights for the real estate transaction value in countries and regions like the real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in the world and the real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in Japan. The Statista Market Insights cover a broad range of additional markets.

In the first half of 2023, ****** homes were sold in the Mumbai Metropolitan Region (MMR) in India. MMR includes **** municipal corporations and **** municipal councils. The lowest number of houses were sold in Chennai amongst metropolitan cities, however, it was up by ** percent in comparison to the same period in the previous financial year.

India Private Corporate: RBI: Real Estate: Sales data was reported at 24,885.900 INR mn in Dec 2018. This records a decrease from the previous number of 30,760.400 INR mn for Sep 2018. India Private Corporate: RBI: Real Estate: Sales data is updated quarterly, averaging 29,167.500 INR mn from Dec 2011 (Median) to Dec 2018, with 29 observations. The data reached an all-time high of 39,100.700 INR mn in Mar 2016 and a record low of 20,319.900 INR mn in Sep 2017. India Private Corporate: RBI: Real Estate: Sales data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Investment – Table IN.OD042: Private Corporate: Reserve Bank of India: Growth: Industry: Real Estate.

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Residential Real Estate Market Size 2025-2029

The residential real estate market size is forecast to increase by USD 485.2 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, fueled by increasing marketing initiatives that attract potential buyers and tenants. This trend is driven by the rising demand for housing solutions that cater to the evolving needs of consumers, particularly in urban areas. However, the market's growth trajectory is not without challenges. Regulatory uncertainty looms large, with changing policies and regulations posing a significant threat to market stability. Notably, innovative smart home technologies, such as voice-activated assistants and energy-efficient appliances, are gaining traction, offering enhanced convenience and sustainability for homeowners.
As such, companies seeking to capitalize on the opportunities presented by the growing the market must navigate these challenges with agility and foresight. The residential construction industry's expansion is driven by urbanization and the rising standard of living in emerging economies, including India, China, Thailand, Malaysia, and Indonesia. By staying abreast of regulatory changes and implementing innovative marketing strategies, they can effectively meet the evolving needs of consumers and maintain a competitive edge. These regulatory shifts can impact everything from property prices to financing options, making it crucial for market players to stay informed and adapt quickly.

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In the dynamic housing market analysis, small flats continue to be a popular choice for both investors and first-time homebuyers, driven by affordability and urban growth. International investment in housing projects, including apartments and condominiums, remains strong, offering attractive investment returns. Real estate syndication and property management software facilitate efficient property ownership and management. Real estate loans, property insurance, and urban planning are essential components of the housing market, ensuring the development of affordable housing and addressing the needs of the middle class and upper middle class. Property disputes, property tax assessments, and real estate litigation are ongoing challenges, requiring careful attention from stakeholders.
Property search engines streamline the process of finding the perfect property, from studio apartments to luxury homes. Real estate auctions, land banking, and nano apartments are innovative solutions in the market, while property flipping and short sales provide opportunities for savvy investors. Urban growth and community development are key trends, with a focus on sustainable, planned cities and the integration of technology, such as real estate blockchain, into the industry. Developers secure building permits, review inspection reports, and manage escrow accounts during real estate transactions. Key services include contract negotiation, dispute resolution, and tailored investment strategies for portfolio management. Financial aspects cover tax implications, estate planning, retirement planning, taxdeferred exchanges, capital gains, tax deductions, and maintaining positive cash flow for sustained returns.

How is this Residential Real Estate Industry segmented?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period. The sales segment dominates the global residential real estate market and will continue to dominate during the forecast period. The sales segment includes the sale of any property that is majorly used for residential purposes, such as single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences. With the growing population and urbanization, the demand for homes is also increasing, which is the major factor driving the growth of the sales segment. Moreover, real estate firms work with developers to sel

The India Luxury Residential Real Estate Market Report is Segmented by Property Type (Apartments & Condominiums, and Villas & Landed Houses), by by Business Model (Sales and Rental), by Mode of Sale (Primary and Secondary), by City (Delhi NCR, Mumbai, Bengaluru, Hyderabad, Pune, Chennai, Kolkata and Other Cities). The Report Offers Market Size and Forecast Values (USD) for all the Above Segments.

In 2022, almost ** thousand housing units were sold across the southern metropolitan city of Chennai in India. After four consecutive years on a stable high level of around ** thousand sales per year, a significant decrease by nearly ** percent in 2020 compared to the previous year.

Key information about House Prices Growth

• India house prices grew 2.6% YoY in Sep 2024, following an increase of 6.2% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2011 to Sep 2024, with an average growth rate of 5.1%.
• House price data reached an all-time high of 30.6% in Mar 2011 and a record low of -11.4% in Sep 2020.

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Real Estate Market Size 2025-2029

The real estate market size is forecast to increase by USD 1,258.6 billion at a CAGR of 5.6% between 2024 and 2029.

The market is experiencing significant shifts and innovations, with both residential and commercial sectors adapting to new trends and challenges. In the commercial realm, e-commerce growth is driving the demand for logistics and distribution centers, while virtual reality technology is revolutionizing property viewings. Europe's commercial real estate sector is witnessing a rise in smart city development, incorporating LED lighting and data centers to enhance sustainability and efficiency. In the residential sector, wellness real estate is gaining popularity, focusing on health and well-being. Real estate software and advertising services are essential tools for asset management, streamlining operations, and reaching potential buyers. Regulatory uncertainty remains a challenge, but innovation in construction technologies, such as generators and renewable energy solutions, is helping mitigate risks.

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The market continues to exhibit strong activity, driven by rising population growth and increasing demand for personal household space. Both residential and commercial sectors have experienced a rebound in home sales and leasing activity. The trend towards live-streaming rooms and remote work has further fueled demand for housing and commercial real estate. Economic conditions and local market dynamics influence the direction of the market, with interest rates playing a significant role in investment decisions. Fully furnished, semi-furnished, and unfurnished properties, as well as rental properties, remain popular options for buyers and tenants. Offline transactions continue to dominate, but online transactions are gaining traction.
The market encompasses a diverse range of assets, including land, improvements, buildings, fixtures, roads, structures, utility systems, and undeveloped property. Vacant land and undeveloped property present opportunities for investors, while the construction and development of new housing and commercial projects contribute to the market's overall growth.

How is this Real Estate Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Residential
  Commercial
  Industrial


Business Segment

  Rental
  Sales


Manufacturing Type

  New construction
  Renovation and redevelopment
  Land development


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK


  South America

    Brazil


  Middle East and Africa

By Type Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market encompasses the buying and selling of properties designed for dwelling purposes, including buildings, single-family homes, apartments, townhouses, and more. Factors fueling growth in this sector include the increasing homeownership rate among millennials and urbanization trends. The Asia Pacific region, specifically China, dominates the market due to escalating homeownership rates. In India, the demand for affordable housing is a major driver, with initiatives like Pradhan Mantri Awas Yojana (PMAY) spurring the development of affordable housing projects catering to the needs of lower and middle-income groups. The commercial real estate segment, consisting of office buildings, shopping malls, hotels, and other commercial properties, is also experiencing growth.

Furthermore, economic and local market conditions, interest rates, and investment opportunities in fully furnished, semi-furnished, unfurnished properties, and rental properties influence the market dynamics. Technological integration, infrastructure development, and construction projects further shape the real estate landscape. Key sectors like transportation, logistics, agriculture, and the e-commerce sector also impact the market.

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The Residential segment was valued at USD 1440.30 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 64% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The Asia Pacific region holds the largest share of The market, dr

In the 3rd quarter of 2023, residential sales in India were primarily driven by the mid-end category of residential real estate, accounting for 46 percent of the total. This was followed by the high-end category with 27 percent of the market share.

The India residential construction market, valued at $189.80 million in 2025, is poised for significant growth, exhibiting a Compound Annual Growth Rate (CAGR) of 7.51% from 2025 to 2033. This expansion is fueled by several key drivers. A burgeoning population, particularly the young working professionals and nuclear families, is driving demand for housing, especially in urban centers. Government initiatives aimed at affordable housing and infrastructure development further stimulate the market. Furthermore, increasing urbanization and rising disposable incomes are contributing to the growth trajectory. The market is segmented by type (apartments & condominiums, villas, other types) and construction type (new construction, renovation). The preference for apartments and condominiums, especially in metropolitan areas, dominates the market share. New construction projects constitute a larger portion of the market compared to renovation projects due to land availability and affordability. However, certain restraints are expected to influence the market's growth. Land scarcity in prime locations, particularly in major cities, and rising construction costs can limit the supply of new housing units. Furthermore, stringent regulatory approvals and environmental concerns can delay project timelines and increase costs. Despite these challenges, the long-term outlook for the India residential construction market remains positive. Key players such as Delhi Land & Finance, Merlin Group, and Godrej Properties, amongst others, are actively involved in shaping the market dynamics through innovative construction techniques, sustainable building practices, and diverse product offerings. The market's resilience to economic fluctuations and continued government support indicate a strong trajectory for future growth, attracting significant investments and shaping the Indian real estate landscape for years to come. Recent developments include: January 2023: Godrej Properties Limited (an Indian real estate company) acquired a 60-acre land in Chennai to develop a residential project as it seeks to expand business amid the rise in housing demand. Spread across 60 acres, the proposed project is estimated to have a developable potential of approximately 1.6 million square feet of saleable area, comprising primarily of residential plotted development., January 2023: Shapoorji Pallonji Group (an Indian conglomerate company) acquired about 9 acres of land near Hadapsar in Pune to develop a new project. The company will develop nearly 1,350 housing units, including duplexes and penthouses, in this new 9-acre project with an estimated sales revenue of over INR 1,000 crores (USD 10 billion).. Key drivers for this market are: Government Initiatives Promoting Affordable Housing, Economic Growth and Rising Disposable Incomes. Potential restraints include: Government Initiatives Promoting Affordable Housing, Economic Growth and Rising Disposable Incomes. Notable trends are: Need for Affordable Housing is Driving the Market.

India Private Corporate: RBI: Real Estate: Share in Sales data was reported at 0.253 % in Dec 2018. This records a decrease from the previous number of 0.313 % for Sep 2018. India Private Corporate: RBI: Real Estate: Share in Sales data is updated quarterly, averaging 0.383 % from Dec 2011 (Median) to Dec 2018, with 29 observations. The data reached an all-time high of 0.506 % in Mar 2016 and a record low of 0.227 % in Jun 2018. India Private Corporate: RBI: Real Estate: Share in Sales data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Investment – Table IN.OD042: Private Corporate: Reserve Bank of India: Growth: Industry: Real Estate.

In the first half of 2023, around *** thousand new residential real estate units were sold across India. In the first half of 2020, the sales dropped to about ** thousand units from approximately *** thousand units sold in the second half of 2019.

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Commercial Real Estate Market Size 2025-2029

The commercial real estate market size is forecast to increase by USD 427.3 billion, at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant growth, fueled by increasing marketing initiatives and the rising emphasis on remote work and online shopping. This trend is transforming the commercial real estate landscape, with a shift towards adaptive spaces that cater to the evolving needs of businesses and consumers. The increasing adoption of marketing strategies, such as digital marketing and experiential retail, is driving demand for commercial properties that can effectively showcase brands and create memorable customer experiences. Additionally, the shift towards remote work and online shopping is leading to a surge in demand for data centers, logistics facilities, and flexible office spaces.
However, this market is not without challenges. The rapid pace of technological advancements and changing consumer preferences pose significant obstacles for commercial real estate developers and investors. The need to adapt to these shifts and stay competitive requires a deep understanding of market trends and the ability to pivot quickly. Furthermore, regulatory changes and economic instability can also impact the market's growth trajectory. To capitalize on the opportunities and navigate the challenges effectively, companies must stay informed about the latest market trends and consumer preferences. Investing in technology and innovation, while also maintaining flexibility and adaptability, will be key to success in the evolving the market.

What will be the Size of the Commercial Real Estate Market during the forecast period?

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The market continues to evolve, with dynamic market activities unfolding across various sectors. Environmental impact assessments are increasingly crucial in property development, shaping the design and construction process. Tenant representation plays a pivotal role in securing suitable spaces for businesses, while 3D modeling facilitates effective space planning and data visualization. Due diligence is an ongoing process, ensuring compliance with legal and regulatory requirements. Property tax assessments, vacancy rates, and property management are essential components of commercial real estate investment strategies. Distressed properties present opportunities for joint ventures and strategic investments, while interior design and machine learning contribute to enhancing tenant experience and optimizing building performance.

Investment properties, industrial properties, and urban planning strategies benefit from big data analytics and virtual tours, enabling informed decision-making. Commercial mortgages and brokerage services facilitate the buying and selling of properties, while occupancy costs and building codes ensure operational efficiency and safety. The market is a complex, ever-changing landscape, with continuous market dynamics shaping its various sectors. From environmental impact assessments to tenant representation, property management, and investment strategies, the integration of various components is essential for success in this dynamic industry.

How is this Commercial Real Estate Industry segmented?

The commercial real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Offices
  Retail
  Leisure
  Others


Channel

  Rental
  Lease
  Sales


Transaction Type

  Commercial Leasing
  Property Sales
  Property Management


Service Type

  Brokerage Services
  Property Development
  Valuation Consulting
  Facilities Management


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By End-user Insights

The offices segment is estimated to witness significant growth during the forecast period.

The U.S. commercial real estate market is undergoing major shifts, particularly in the office segment, driven by flexible work models, evolving corporate needs, and technological advancements. Businesses now favor adaptable, tech-enabled spaces to attract talent, fueling demand for co-working hubs like Regus and WeWork. Industry leaders such as Google and Amazon are redefining office design to boost collaboration and satisfaction.

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The Offices segment was valued at USD 476.50 billion in 2019 and showed a gradual increase during th

the Market Report Covers Commercial Real Estate Growth in India and is Segmented by Type (Offices, Retail, Industrial and Logistics, and Hospitality) and by Key Cities (Mumbai, Bangalore, Delhi, Hyderabad, and Other Cities). the Market Size and Forecasts for the Commercial Real Estate Market in India are Provided in Terms of Value (USD) for all the Above Segments.

India Private Corporate: RBI: Real Estate: Interest to Sales data was reported at 23.500 % in Dec 2018. This records an increase from the previous number of 18.900 % for Sep 2018. India Private Corporate: RBI: Real Estate: Interest to Sales data is updated quarterly, averaging 21.900 % from Dec 2011 (Median) to Dec 2018, with 29 observations. The data reached an all-time high of 32.600 % in Sep 2017 and a record low of 7.500 % in Dec 2011. India Private Corporate: RBI: Real Estate: Interest to Sales data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Investment – Table IN.OD042: Private Corporate: Reserve Bank of India: Growth: Industry: Real Estate.

India Private Corporate: RBI: Real Estate: Operating Profits to Sales data was reported at 30.800 % in Dec 2018. This records a decrease from the previous number of 34.600 % for Sep 2018. India Private Corporate: RBI: Real Estate: Operating Profits to Sales data is updated quarterly, averaging 31.500 % from Dec 2011 (Median) to Dec 2018, with 29 observations. The data reached an all-time high of 45.065 % in Sep 2014 and a record low of 17.500 % in Dec 2011. India Private Corporate: RBI: Real Estate: Operating Profits to Sales data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Investment – Table IN.OD042: Private Corporate: Reserve Bank of India: Growth: Industry: Real Estate.

In 2023, a total number of over 60 thousand housing units were sold in the National Capital Region (NCR) of India. This was a slight increase in comparison to the previous year. The lowest number of sales in four years was in 2020.