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Residential sector grew 5% in Q3 2024; high-end homes contributed 46% of sales

The Business Guardian

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October 04, 2024

MUMBAI The residential real estate market in India experienced a robust performance in the July-September 2024 quarter (Q3 2024), according to Knight Frank India's latest report.

- TBG NETWORK

Residential sector grew 5% in Q3 2024; high-end homes contributed 46% of sales

With 87,108 units sold across the top eight residential markets, this quarter marked the highest sales of the year so far. The growth in Q3 2024 represents a 5 per cent year-on-year (YoY) increase, and it brings total residential sales for the first nine months of the year to 2,60,349 units. This figure is 9 per cent higher than the corresponding period in 2023, highlighting the continued strength of the sector amid evolving market dynamics.

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