India's real estate market is expected to see a flurry of new residential launches in 2024. The sector is resilient, driven by demand, tech adoption and investment from NRIs.
In 2023, India's commercial real estate thrives with $5.4 billion investments, led by Global Capability Centers, while global markets decline significantly.
Bengaluru is projected to remain dominant in the commercial real estate market by 2030, driven by sectors like technology, engineering, manufacturing, and BFSI.
Indian real estate anticipates Union Budget 2024 to address key reforms. Industry leaders seek reduced construction costs, industry status, and single-window clearance to boost growth and achieve the projected $1 trillion market size by 2030.
Red Fox IT Infra LLP, a Redbrick Offices subsidiary, acquired over 87,000 sq ft of office space in Mumbai's Times Square for ₹267.5 crore across two deals, paying ₹8.02 crore in stamp duty.
Green building certifications are paving the way for sustainable commercial real estate in India, reducing carbon emissions and providing numerous benefits.
India's aerocities are booming, evolving into self-sustaining urban ecosystems. These airport-centric developments are attracting businesses, transforming cityscapes, and driving Non-Aeronautical Revenues for airports.
Amitabh Bachchan invested over ₹100 crore in real estate in Ayodhya, Alibaug and Mumbai. Office spaces were purchased in Mumbai's Signature building.
Noida Expressway, a dynamic commercial real estate corridor, benefits from infrastructure development and excellent connectivity. Retail space is expected to increase by 2028.
Developers from Bengaluru and Mumbai increase footprint in each other's cities, driven by growth, sales velocity, and better margins, with some finding lower land prices in Bengaluru attractive.
Gated villas in Goa are an appealing investment for young professionals due to attractive capital appreciation and rental yields. Prices have seen substantial growth in Grade A and B locations.
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.
The Indian real estate market is poised for a major transformation. Economic shifts, government policies, and tech innovation will drive growth and change in 2024.
India's office sector is on the rise, with REITs significantly expanding portfolios and demand projected to exceed 70 million square feet by 2024.
Fractional ownership is democratizing access to high-value commercial real estate for retail investors in India, with market growth projected to reach USD 8.9 billion by 2025.
DLF plans to enter Mumbai residential market with flats priced between Rs 6 and 8 crore, and launch 62 villas in Goa priced between Rs 40-50 crore.
In Q1CY24, Grade A office space demand in India surged, driven by key cities. CEDAI predicts demand will hit 70 MSF by 2024, supported by economic growth.
Akash Pharande of Pharande Spaces examines past real estate trends during elections and forecasts future trends, highlighting the positive impact of elections on the market.
Mumbai saw 11,504 property registrations in April 2024, generating over INR 1,043 crore in revenue. Real estate developers are optimistic about growth, citing increased demand and infrastructure projects.
TCG Real Estate secures Rs 714 crore funding from SBI for World Trade Center project in Gurgaon, with a leasable area of 1 million square feet.
The Asia-Pacific real estate market faces volatile conditions driven by interest rate changes, although the concerns around COVID have lessened. India's investments have risen by 16%.
India's commercial real estate market is poised for growth, bolstered by demand for office spaces and increasing interest from NRIs, promising lucrative investment opportunities.
Co-working spaces are reshaping commercial real estate, offering flexible solutions. They present financial opportunities for investors, but risks must be considered for success.
NAREDCO and Kedia Corporate Advisors presented a webinar on Small and Medium REITs after SEBI's regulatory changes. Discussions covered benefits, regulations, and market impact.
Elon Musk's Tesla is in talks with major real estate developers for showroom space in New Delhi and Mumbai. The company is looking to rent between 3,000 and 4,000 square feet.