+
Premium Segment Supply Surges 14.4% YoY: Magicbricks
Real Estate

Premium Segment Supply Surges 14.4% YoY: Magicbricks

The latest Magicbricks PropIndex Report reveals a significant 12.7 per cent year-on-year (YoY) growth in residential supply across 13 major markets in Q4 2024 (October-December), driven by cities like Bengaluru (56.1 per cent) and Gurugram (44.1 per cent). The luxury segment, representing 52 per cent of the total new supply, saw a notable increase from 38 per cent in Q4 2023, marking a 14.4 per cent YoY growth in premium properties. Supply of under-construction properties surged 10.97 per cent in three months with Gurugram (30.97 per cent), Kolkata (27.80 per cent), and Bengaluru (27.39 per cent) leading this growth. Supply of Ready-to-Move (RTM) properties experienced minimal growth at 0.03 per cent QoQ, reflecting steady uptick for completed inventory.

Drawing on preferences from over 20 million customers on the Magicbricks platform, indicates a 22.7 per cent YoY increase in residential prices, underscoring strong market confidence. Cities such as Greater Noida (42.5 per cent YoY), Noida (42.4 per cent YoY), and Gurugram (35 per cent YoY) experienced highest capital appreciation, showcasing the continued strength of these markets.

The report concluded that the residential demand across the markets showed signs of stabilisation and averaged 6.6 per cent YoY increase, led by cities like Ahmedabad (18.76 per cent YoY), Delhi (16.63 per cent YoY), and Kolkata (15.69 per cent YoY).

The findings underscore the continued expansion of India's residential real estate sector, driven by investor confidence and sustained demand.

The latest Magicbricks PropIndex Report reveals a significant 12.7 per cent year-on-year (YoY) growth in residential supply across 13 major markets in Q4 2024 (October-December), driven by cities like Bengaluru (56.1 per cent) and Gurugram (44.1 per cent). The luxury segment, representing 52 per cent of the total new supply, saw a notable increase from 38 per cent in Q4 2023, marking a 14.4 per cent YoY growth in premium properties. Supply of under-construction properties surged 10.97 per cent in three months with Gurugram (30.97 per cent), Kolkata (27.80 per cent), and Bengaluru (27.39 per cent) leading this growth. Supply of Ready-to-Move (RTM) properties experienced minimal growth at 0.03 per cent QoQ, reflecting steady uptick for completed inventory.Drawing on preferences from over 20 million customers on the Magicbricks platform, indicates a 22.7 per cent YoY increase in residential prices, underscoring strong market confidence. Cities such as Greater Noida (42.5 per cent YoY), Noida (42.4 per cent YoY), and Gurugram (35 per cent YoY) experienced highest capital appreciation, showcasing the continued strength of these markets.The report concluded that the residential demand across the markets showed signs of stabilisation and averaged 6.6 per cent YoY increase, led by cities like Ahmedabad (18.76 per cent YoY), Delhi (16.63 per cent YoY), and Kolkata (15.69 per cent YoY).The findings underscore the continued expansion of India's residential real estate sector, driven by investor confidence and sustained demand.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code