Indian residential real estate market records 20.1pc YoY surge in absorption rate in FY24: JM Financial

New Delhi [India], August 27 (ANI): The Indian residential real estate market achieved its best-ever performance in FY24, with the pan-India absorption rate surging by approximately 20.1 per cent year-on-year (YoY) in terms of area absorbed, according to a report by JM FinancialThis surge in demand was accompanied by an 11.5 per cent YoY increase in supply, yet inventory levels in major cities fell to a record low of 12 m