Urban Property Prices Outpace Income Growth in India’s Top Cities

India’s real estate market showed remarkable resilience in 2024, defying expectations amid economic uncertainties. Housing sales in the top seven cities reached 4,59,650 units, a slight 4% decrease from 2023. However, the total sales value grew by 16% to ₹5.68 lakh crore ($66.70 billion), reflecting a significant price appreciation. The market witnessed a 21% increase […]