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India's Real Estate Transaction Volume Reaches 30 Billion Dollars This Year

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JH Kim
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  • It was reported that India's real estate transaction volume reached 30 billion dollars this year, showing signs of recovery.
  • This is a 350% increase compared to the same period last year, marking the highest level since the 2021 boom.
  • Despite changes in the Indian government's tax policy, the real estate market continues to show active trading.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

On the 29th (local time), the specialized media Cointelegraph reported using data from the Indian Goods and Services Tax Council that "the transaction volume in the Indian real estate market from January to October 2024 reached 30 billion dollars." This is a 350% increase compared to the same period last year, marking the highest level since the 2021 boom. The media stated, "The Indian real estate market experienced a period of stagnation after recording a transaction volume of approximately 54 billion dollars in 2021," adding, "In 2022, the Indian government implemented the 'middle tax' policy, applying an additional 0.1% tax on capital gains, causing a sharp decline in local real estate transaction volumes." It further explained, "However, recently, the transaction volume in the Indian real estate market is showing signs of recovery, and the recorded transaction volume until October exceeded the combined amount of the past two years."

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