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.
Magicbricks
is India’s No.1 property site
As the largest platform for
buyers and sellers of property to connect in a transparent manner, Magicbricks
has monthly traffic exceeding 2 crores and an active base of over 15 lakh
property listings. Magicbricks has metamorphosed into a full stack service
provider for all real estate needs, with services including home loans,
interiors, and expert advice.
With 17+ years of
experience and deep research-based knowledge, Magicbricks also presents a
repertoire of insight-driven platforms like MBTV- India’s leading online real
estate YouTube channel, and other proprietary tools so that home buyers can
access all information related to price trends and forecasts, locality reviews
and more.
For
more details, contact:
Akshita Agrawal |Sr
Communications Manager, Magicbricks | akshita.agrawal@magicbricks.com
