India's emerging real estate hotspots are set to play a crucial role in the nation's economic growth, driven by infrastructure developments and tourism, according to Colliers' report.
GIFT City real estate prices surge 10-20% after Gujarat relaxes 60-year liquor ban. Increased demand, tax breaks, and improved infrastructure drive growth in residential and commercial sectors.
Colliers identifies 17 Indian cities as emerging real estate hubs driven by hybrid work models, digital penetration, and government initiatives, with market expected to reach $1 trillion by 2030.
Real estate developers face tough market conditions with low sales and high inventory, according to experts and recent data from Colliers India and Cushman & Wakefield.