Ahmedabad’s real estate market saw a 7.7% drop in new projects during FY 2023-24, driven by increased construction costs and a surge in urban redevelopment.
Real estate brokers in major Indian cities are switching to other businesses due to a slump in home sales. Smaller players are particularly affected, forcing many to seek jobs in different sectors.
Sheth Developers pre-leased half of their upcoming 1 million sq ft 'Vivacity' mall in Thane, Mumbai, to retailers like Hypercity, Shopper's Stop, and Cinepolis, indicating a resurgence in commercial real estate demand.