The first quarter of 2024 noticed strong development in India’s residential real estate market, pushed by excessive demand. The high-end and luxury segments made significant contributions, while the mid-segment led in launches. Established builders are fueling the market, with a shift in the direction of high quality and belief over value. Affordability crisis hit hundreds of thousands of Americans and stopped potential homebuyers of their tracks. If mortgage charges had been to move higher in 2024, that might have an instantaneous chilling impact on homebuyers and we’d see residence prices right down very quickly, which would trigger the housing market to come back to a standstill.
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