India is enjoying a property boom – and real estate experts say they see no signs of it slowing down any time soon.

“Properties are getting sold out within days and sometimes within hours of a launch,” says Anupam Rastogi, co-founder and chief business officer at Square Yards, an Indian real estate advisory firm. "Such events haven’t been seen in India’s property market before.”

Home sales in the July-September quarter rose by 12 per cent compared to the same time last year, reaching 82,612 units across eight of India's biggest cities, including Mumbai, Delhi, Bengaluru and Hyderabad, a report by property consultancy Knight Frank said.

Prices were also up across these cities. Hyderabad's prices increased by the most in the quarter on the year, up 11 per cent, while Mumbai's prices were up 6 per cent, data from Knight Frank shows.

“The consumer sentiment remains positive, and we are witnessing an all-time high in consumer interest during these festive times,” says Aditya Kushwaha, chief executive and director at Axis Ecorp, a real estate developer.

“For us, the last couple of years have been very positive and we continue to maintain a strong growth trajectory in terms of sales.”

He says the growth is being bolstered by “strong and growing interest from NRIs (non-resident Indians) in regions such as the Gulf, the US and Singapore”.

“Several key factors underpin this trend, including the positive economic outlook in India, attractive investment opportunities and continuing reforms in the real estate sector,” says Mr Kushwaha.