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.

Key information about India Gold Production

• India Real Residential Property Price Index was reported at 152.986 2010=100 in Sep 2024.
• This records a decrease from the previous number of 157.301 2010=100 for Jun 2024.
• India Real Residential Property Price Index data is updated quarterly, averaging 157.919 2010=100 from Mar 2009 to Sep 2024, with 63 observations.
• The data reached an all-time high of 177.067 2010=100 in Jun 2019 and a record low of 88.901 2010=100 in Mar 2009.
• India Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

The market size of the real estate industry in India was valued at around 477 billion U.S. dollars in 2022 and is estimated to reach one trillion dollars by 2030. Real estate industry is forecasted to grow exponentially until 2047.

What is included in the real estate sector?

The real estate sector includes a variety of segments dealing with land and the buildings on it as well as with related resources if necessary. During the development phase of real estate projects, the construction industry is responsible for the realization. The real estate market includes all the sales and investment processes within the sector. Depending on the purpose of the building, the market is made up of the segments residential, office, commercial, or retail real estate. Sometimes housing is even used synonymously for real estate.

Importance of the real estate sector in India

Due to a stable growth in recent years and the variety of segments contributing to it, the real estate sector is perceived to be one of the main drivers for India’s economic development in upcoming years. As the Indian population is comparatively young and urbanization is continuing, the demand for housing is strong. Additionally, the office segment benefits from a strong IT-sector, while the construction-industry is one of the leading industries in India for attracting foreign direct investments. Besides its importance for the Indian market in general, the real estate sector comes second in generating employment after agriculture.

From 2016 to 2020, the cumulative demand for residential housing among the low income group of the eight biggest cities of India was 1.98 million housing units, whereas the supply was only 25,000 units. Thereby, there existed a significant gap between demand and supply in this income group. The gap is much smaller in the middle and high income groups. In the latter group, a demand of 717,000 units faces a supply of 351,000 units.

In 2023, Ahmedabad had the most affordable housing market of the eight biggest metropolitan areas in India with a proportion of 21 percent of income to monthly instalment of a housing unit. In Mumbai the affordability index was at 51 percent, the only city with higher than threshold affordability ratio set at 50 percent. However, the affordability index has significantly improved from pre-pandemic times in 2019 for many cities including Mumbai, Bengaluru and NCR.

NHB: Market Price for Under-Construction Properties: Current Quarter: Maharashtra: Pune: Carpet Unit data was reported at 24,129.000 Unit in Sep 2024. This records a decrease from the previous number of 24,975.000 Unit for Jun 2024. NHB: Market Price for Under-Construction Properties: Current Quarter: Maharashtra: Pune: Carpet Unit data is updated quarterly, averaging 21,257.500 Unit from Jun 2013 (Median) to Sep 2024, with 46 observations. The data reached an all-time high of 27,243.000 Unit in Mar 2020 and a record low of 10,592.000 Unit in Jun 2013. NHB: Market Price for Under-Construction Properties: Current Quarter: Maharashtra: Pune: Carpet Unit data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under India Premium Database’s Construction and Property – Table IN.EA012: Housing Price Index: National Housing Bank: Market Price for Under-Construction Properties: Carpet Area Price: Current Quarter.

In 2023, over 350 thousand housing units were launched on the residential market across India. Even though there is a big demand for housing in the country, residential launches have been on a comparatively high level over the past few years.

NHB: Market Price for Under-Cosntruction Properties: FQMA: Maharashtra: Pune: Carpet Unit data was reported at 24,129.000 Unit in Sep 2024. This records a decrease from the previous number of 24,975.000 Unit for Jun 2024. NHB: Market Price for Under-Cosntruction Properties: FQMA: Maharashtra: Pune: Carpet Unit data is updated quarterly, averaging 21,257.500 Unit from Jun 2013 (Median) to Sep 2024, with 46 observations. The data reached an all-time high of 27,243.000 Unit in Mar 2020 and a record low of 10,592.000 Unit in Jun 2013. NHB: Market Price for Under-Cosntruction Properties: FQMA: Maharashtra: Pune: Carpet Unit data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under India Premium Database’s Construction and Property – Table IN.EA013: Housing Price Index: National Housing Bank: Market Price for Under-Construction Properties: Carpet Area Price: Four Quarter Moving Average.

NHB: Assessment Price: FQMA: Maharashtra: Pune: Carpet Unit data was reported at 6,580.000 Unit in Sep 2024. This records an increase from the previous number of 6,260.000 Unit for Jun 2024. NHB: Assessment Price: FQMA: Maharashtra: Pune: Carpet Unit data is updated quarterly, averaging 3,431.000 Unit from Jun 2013 (Median) to Sep 2024, with 46 observations. The data reached an all-time high of 9,456.000 Unit in Mar 2021 and a record low of 1,159.000 Unit in Jun 2020. NHB: Assessment Price: FQMA: Maharashtra: Pune: Carpet Unit data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under India Premium Database’s Construction and Property – Table IN.EA007: Housing Price Index: National Housing Bank: Assessment Price: Carpet Area Price: Four Quarter Moving Average.

Consumer Price Index (CPI): Industrial Workers: 2016=100: Weights: Maharashtra: Pune: Housing data was reported at 22.430 % in Dec 2024. This stayed constant from the previous number of 22.430 % for Nov 2024. Consumer Price Index (CPI): Industrial Workers: 2016=100: Weights: Maharashtra: Pune: Housing data is updated monthly, averaging 22.430 % from Sep 2020 (Median) to Dec 2024, with 52 observations. The data reached an all-time high of 22.430 % in Dec 2024 and a record low of 22.430 % in Dec 2024. Consumer Price Index (CPI): Industrial Workers: 2016=100: Weights: Maharashtra: Pune: Housing data remains active status in CEIC and is reported by Labour Bureau. The data is categorized under India Premium Database’s Inflation – Table IN.IF006: Consumer Price Index: Industrial Workers: 2016=100: by Centre-wise: by Group-wise: Weights.

the India Senior Living Market is Segmented by Property Type (assisted Living, Independent Living, Memory Care, and Nursing Care). the Report Offers the Market Size and Forecasts in Value (USD) for all the Above Segments.

In 2022, the price of cement in India reached 318 Indian rupees per bag (50 kilograms). The cement price has seen a steady increase in India since 2018.

Cement industry in India

Cement is a fundamental material used in construction and infrastructure development for it's adhesion and cohesion properties. India is one of the largest producers of cement in the world. In 2021, India produced about 335.2 million metric tons of cement in its integrated cement plants alone. India's housing and real estate sectors are the primary consumers of cement, followed by the infrastructure sector. The southern Indian states are the leading cement producing areas in the country.

Indian cement production and companies

As the demand for cement in various sectors increased over the years, cement production in India also saw an overall growth during the past few years. As of 2020, UltraTech Cement, an Indian cement company based in Mumbai, was India's largest cement production company. This company is part of the Aditya Birla Group, a global conglomerate.

In March 2024, Mumbai had the highest construction cost index at 129, while Chennai had the lowest at 124. During the presented period, the construction cost reached its peak in March 2022.