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.
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.
Indian real estate sees 39% drop in US investments in 2023, yet office space remains most popular asset, attracting 52% of all investments.
Noida has emerged as India's top industrial investment district with Rs 64,000 crore in investments, creating 3 lakh jobs, and attracting major companies for future growth.
India's real estate is booming, but fire safety awareness is lagging. Experts note a shift, with builders and consumers seeking better protection beyond basic requirements.