Property Prices News: In a report, the local estate consultancy company Knight Frank India has given a big update regarding the sale of houses in 8 major cities of the country.
New Delhi. Will the property rates in the country increase further or will they decrease now? This question remains in the mind of every person but it is difficult for any expert to answer it. However, it can be estimated from the data. Real estate consultancy company Knight Frank India has said in a report that due to strong demand for residential sales in 8 major cities of the country,
there was a growth of two percent during the January-March quarter and a total of 88,274 units were sold. The report ‘India Real Estate: Housing and Office (January-March 2025)’ showed stability in demand in the primary (new home) housing market of eight major cities.
Knight Frank said that in the March quarter, new home sales increased by two percent year-on-year to 88,274 units. According to data from Knight Frank, sales grew marginally during the March quarter, while other real estate consultancies – PropEquity and Anarock – report that housing demand declined by 23 per cent and 28 per cent respectively in the first quarter of 2025.
Property market remains strong
Knight Frank India Chairman and Managing Director (CMD) Shishir Baijal said, “Despite concerns of rising heat in some areas, the real estate market remains strong. The continued trend towards the premium segment reflects the aspirations of homebuyers for a better lifestyle and larger living space.”
Earlier, Enrock’s report said that instead of ready-to-move projects, people are preferring to buy homes in new or recently launched projects. Among these too, the choice of home buyers is from big and well-known developers, whose track record has been excellent. The report said that out of the 4.60 lakh houses to be sold in 2024, more than 42% were from newly launched projects. However, if you want to invest in property, then definitely consult a certified real estate advisor.
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