India has one of the most vibrant real estate markets in the world.
According to data from real estate agents and real estate brokers, the country has one the largest number of home sales in the globe.
The country also has the second largest number, after the US, of land deals worth at least $1 million.
The average price of a single-family home sold in India is $1.15 million.
According to the Association of Real Estate Boards (AERA), in 2017, the number of homes sold across the country jumped by 18.5 percent year-on-year.
This was the highest increase in the country since 2008.
AERA, which was established in 1992, said the average price per square metre of new houses rose by 14 percent year on year to $1,919.24.
The increase in land deals is due to a number of factors.
A new survey by the Indian Institute of Management-led Indian Institute Research Institute (IIT-Riksha) in October showed that the number fell by 4 percent year over year, the first drop since 2013.
The number of residential and commercial deals grew by 21.6 percent, while the number for commercial and residential property rose by 11.9 percent.
The biggest increase in sales came from apartments, with an average price increase of 32 percent.
In a recent report, the National Securities Market Authority (NMSA) said that in the last year, land deals and residential deals grew at an average rate of 11.4 percent and 17.5 per cent, respectively.
A study by the NSSI, a Mumbai-based organisation, in December 2017 found that the average value of the land deals in India in the first quarter of 2017 stood at Rs 5,858.70 crore.
The report also said that the land deal value grew by 8.6 per cent year on quarter-on year to Rs 7,734.55 crore.
This is the largest increase in real estate value recorded by the IIT-rriksha.
In the latest report by the National Board of Insurance, in April 2018, the average number of land transactions in India was 4,539.14.
The IITs annual report on the growth of real estate in India shows that the market has experienced an increase in its share in the total market.
The real estate growth has been a big driver of India’s GDP growth, which is currently the fastest in the Asia-Pacific region.