This year was strong for the housing sector!
The new year is about to come. In such a situation, if you are thinking of buying a new house to live in or property for investment, then first know the condition of the market where you are expected to get more returns. According to reports, the real estate sector has seen tremendous growth in the last four years after Corona. During this time people are either shifting to new homes or upgrading their old house. Talking about the year 2024, this year too there was a tremendous boom in the real estate sector, but the most activity was in the premium or luxury segment.
More houses being built in the premium segmentIn the year 2024, more sales of premium properties with a budget of 10 to 80 crores were seen in big cities like Bengaluru, Gurugram. Developers known for affordable housing are also now showing more interest in building premium properties. In such a situation, a part of the society is lagging behind in buying new property because 60-70 percent of the country's population coming in the mid segment and lower mid segment is not getting supply as compared to demand. Another disadvantage of this is that if everyone starts building houses in the premium segment, then the price will also crash somewhere.
Transition will be seen in 2025If we talk about 2025, then this year will bring changes for the mid and lower mid segment. According to experts, by the end of 2025 or from 2026, balance will start forming in all segments in the market. To promote the mid and lower mid segment, stamp duty can be reduced or incentives can be thought of giving to the builders and this needs to be done on a long term basis so that stability is maintained in the market.
More houses being built in the premium segmentIn the year 2024, more sales of premium properties with a budget of 10 to 80 crores were seen in big cities like Bengaluru, Gurugram. Developers known for affordable housing are also now showing more interest in building premium properties. In such a situation, a part of the society is lagging behind in buying new property because 60-70 percent of the country's population coming in the mid segment and lower mid segment is not getting supply as compared to demand. Another disadvantage of this is that if everyone starts building houses in the premium segment, then the price will also crash somewhere.
Transition will be seen in 2025If we talk about 2025, then this year will bring changes for the mid and lower mid segment. According to experts, by the end of 2025 or from 2026, balance will start forming in all segments in the market. To promote the mid and lower mid segment, stamp duty can be reduced or incentives can be thought of giving to the builders and this needs to be done on a long term basis so that stability is maintained in the market.