New Delhi: Magicbricks, India`s premier property portal, revealed that in Q4 2024 (October-December), 50.9% of listed properties comprised new inventory, including builder floors, under-construction homes, and newly launched independent houses. The remaining 49.1% represented resale properties owned by individuals. This marked a slight shift from Q3 2024, where 48.1% of available properties were new and 51.9% were resale.
The trend varied across metropolitan areas. In Gurugram, new properties constituted 63.1% of listings in Q4 compared to 55.1% in Q3, indicating a notable rise in new supply. Bengaluru, Mumbai, and Chennai similarly saw new homes dominating inventory at approximately 60%.
Conversely, in Noida, where residential searches surged, 65.3% of active listings were resale homes, highlighting attractive returns for homeowners who invested years earlier. Similarly, New Delhi (70%), Thane (65%), and Navi Mumbai (60%) showed higher resale home listings.
These figures highlight the shifting dynamics of India`s housing market, with new supply expanding across key metropolitan areas, while established regions maintain robust resale activity. Satellite cities such as Thane and Navi Mumbai are also gaining traction, bridging the gap and contributing to the evolving landscape.
|
October- |
||
|
City |
New |
Resale |
|
Ahmedabad |
43.10% |
56.90% |
|
Bengaluru |
58.90% |
41.10% |
|
Chennai |
59.40% |
40.60% |
|
Greater |
52.00% |
48.00% |
|
Gurugram |
63.10% |
36.90% |
|
Hyderabad |
43.40% |
56.60% |
|
Kolkata |
45.40% |
54.60% |
|
Mumbai |
56.30% |
43.70% |
|
Navi |
39.30% |
60.70% |
|
New |
29.30% |
70.70% |
|
Noida |
34.70% |
65.30% |
|
Pune |
53.00% |
47.00% |
|
Thane |
35.54% |
64.46% |
|
Avg |
50.90% |
49.10% |
|
July- |
||
|
City |
New |
Resale |
|
Ahmedabad |
41.80% |
58.20% |
|
Bengaluru |
54.50% |
45.50% |
|
Chennai |
59.70% |
40.30% |
|
Greater |
50.80% |
49.20% |
|
Gurugram |
55.10% |
44.90% |
|
Hyderabad |
43.80% |
56.20% |
|
Kolkata |
39.50% |
60.50% |