The Indian residential property market reached record highs in the March quarter due to steady economic circumstances and buyer confidence. JLL India reported record residential sales despite increased borrowing rates and property costs.

According to the Prime Global Cities Index, Mumbai, Delhi, and Bangalore have higher housing prices. Buyers are increasingly choosing property investments to better their lives.

Bengaluru, Delhi NCR, and Kolkata have witnessed house costs rise 20% in the previous two years. These locations saw a 30% price spike from 2021 to 2023 due to strong demand for mid- and luxury homes, according to Colliers.

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Bollywood star John Abraham bought a luxury Khar mansion in Mumbai's real estate market. It cost Rs 70.83 crore to buy the 5,416-square-foot home with 7,722 square feet of land.

The real estate industry in India seems to be prospering despite increasing house prices and mortgage interest rates, according to recent statistics.

Despite a rise in interest rates and property prices, stamp duty collection in February for the country's biggest and most costly real estate market, Mumbai, reached a record high. The record collection was driven by premium and middle-income housing categories.

In 2022, increasing mortgage fees and house purchase prices in India were countered by growing earnings and the expected percolation effect of a fast expanding economy, keeping end-user demand for residential property in India unchanged until 2023.

Indian demand for homes has kept the real estate industry strong over the years. Even in tough times, India's real estate industry has rebounded, surprising even the biggest skeptics. 2022 was a great year for Indian real estate, and 2023 should be even better.

Recent increases in real estate prices and mortgage interest rates have alarmed many prospective homeowners. Wondering whether your home buying plans are feasible or must you delay it for another year?

Property rates across Mumbai harbour have soared after the Covid-19 pandemic and the resultant lockdown, especially in the sleepy coastal town of Alibaug.

When looking to buy a new home in Lucknow, it is crucial to be aware of the city's current circle prices. The government's minimum cap for real estate transactions and property registration is known as the circle rate or guidance value.