Increasing absorption rates and a focus on higher launches across major and emerging markets have propelled this growth in the sector.
Between FY 21 and FY 24, developers scaled in their established market, which induced a large part of the growth observed, said the report.
About 80 per cent of this growth was attributed to existing markets, marking a 36 per cent CAGR, with demand particularly robust in the top seven cities, which saw a 41 per cent growth in value.
"As demand momentum picked up, most of the companies initially focused on scaling up in their existing markets and simultaneously building a pipeline outside of their home market," the report said.
Bu hikaye The Business Guardian dergisinin November 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Business Guardian dergisinin November 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Mahindra launches its electric origin SUVs BE 6e and XEV 9e
Mahindra has unveiled its much-awaited Electric Origin SUVs - the BE 6e and XEV 9e.
GADKARI VOWS TO MAKE AUTO INDUSTRY NO. 1
The Indian automobile industry ranks third globally, behind China and the United States, but the government aims to elevate it to the top position within the next five years, Union Transport Minister Nitin Gadkari stated.
BMW Motorrad India to raise prices by up to 2.5%
BMW Motorrad India will increase prices by up to 2.5% across the model range. The new prices will be effective from 01 January 2025 onwards.
Maruti to ramp up exports by over two-fold to 8 lakh units by 2030-31
Maruti Suzuki India is aiming to export about 8 lakh vehicles annually by the fiscal year 2030-31, from its current exports of around 3 lakh units.
NO GOVERNMENT INTERVENTION TO DETERMINE PRICE OF VEHICLES TO BE SCRAPPED
In a written reply to the Lok Sabha, Union Minister for Road Transport and Highways, Nitin Gadkari said that there will be no government intervention for determining the fair price for a vehicle to be scrapped.
Volvo Group partners with Indian universities to shape future automotive talent
Volvo signs MoU with Amrita University and Thapar Institute to build a stronger industry-academia engagement and enhance the engineering industry readiness.
ALLAHABAD HIGH COURT SUMMONS POLICE COMMISSIONER ON CONTEMPT PETITION
The Allahabad High Court has recently summoned Prayagraj Police Commissioner Tarun Gauba and other officials to appear on December 10 regarding a contempt petition.
CBI charges five in RG Kar financial scam
The Central Bureau of Investigation has officially filed a charge sheet in a case involving alleged financial irregularities at RG Kar Medical College and Hospital in Kolkata.
Delhi HC directs CBI to appoint senior officer for RAU Study Circle case
The Delhi High Court has recently directed the Central Bureau of Investigation to appoint a senior officer to regularly monitor the investigation into the RAU's IAS Study Circle case.
Tight security deployment in UP's Sambhal
Security remains tight in Uttar Pradesh's Sambhal district for the 6th consecutive day following violent clashes over the Shahi Jama Masjid survey.
