HARIDWAR Property MARKET Price Trends
The haridwar property market price trends is overall the direction of the Indian real estate market. The Indian residential market is poised to sustain its strong growth momentum in 2024 undeterred by temporary disruptions caused by the upcoming general elections, said industry executives and market analysts. Sales are predicted to surge by 10-15% to more than 300,000 units this year, buoyed by a robust supply pipeline as several branded developers continue to acquire land parcels for new launches and enter new markets to capitalize on a boom in housing demand.
HARIDWAR Property MARKET
“The year 2023 was the all-time high surpassing the 2010 peak by 24-25%. Going ahead, we do not see much impact of the general elections since the majority of real estate activities are state subjects. We expect sales will continue to maintain the 2023 momentum and would register a growth of 10-15% Y-o-Y. Sales are expected to cross 300,000 units and would be around 310,000 to 315,000,” said Samantak Das, chief economist and head of research and REIS, India at JLL.
According to experts, the 2024 polls may cause a short-term labour shortage as many workers will be returning to their villages to cast their votes. This may lead to temporary delays in construction, they said, but reiterated the bullish outlook for the sector this year. The realty sector employs nearly 10 million people, most of whom are contractual workers.“With 2024 being an election year, we expect the labour movement to be only a short-term phenomenon and do not expect any signific ..
Currently, tens of thousands of rural people, especially from Uttar Pradesh, Bihar, Madhya Pradesh, Chhattisgarh and more recently from West Bengal, migrate to work in India’s major cities where homes are being constructed for the middle class and rich. But they tend to return to their villages during elections, either to vote or to avail largesse distributed by political parties.
Elections to choose a new government at the Centre are slated between April and May. 
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