“2024 has been a good year for the real estate sector which witnessed a 10% to 15% appreciation in housing prices. Over the past three years, there has been a substantial growth of 50% to 80% in various micro markets across Bengaluru. We are in a multiyear and therefore expect steady price appreciation for the next 7 to 8 years. With increased urbanisation, higher income levels and the aspiration to own a house, we expect a high demand for housing in all metros and larger tier II cities. Additionally, a significant number of millennials are entering the market at a younger age. There is also considerable interest from NRIs and high-net-worth individuals, who are recognizing the potential of India’s real estate market. This has led to a boost in higher rentals through short-term stays like Airbnb and holiday rentals, with yields reaching up to 6%. Looking ahead to 2025, with a more stable global economy and favourable geopolitical conditions the real estate market is expected to show continued resilience and growth and will remain a key area of focus for investors and homeowners alike.”
