Senior housing is emerging as a promising real estate sector in India, driven by changing mindsets, financial independence, and a growing senior population.
India's real estate industry shifts towards green building concept, with 30 million sqft of environment-friendly space, up from 20,000 sqft in 2003.
Delhi NCR sees a significant drop in commercial real estate rentals as businesses shift from Gurgaon to more affordable locations, impacting transportation costs.
New Delhi witnesses a 25% decline in retail rentals. The city ranked 69th globally in Q1 2023 due to decreased consumer spending and rising unemployment.
Residential real estate slump spreads to tier-2, tier-3 cities, with 25% drop in housing demand due to higher borrowing costs.
India's real estate market is rapidly changing, with new destinations emerging as investment hotspots, driven by IT growth, infrastructure, and retail boom.
The growth of serviced apartments is driven by rising hotel costs and space advantages, with companies like RKHS and Signature Crest capitalizing on corporate demands.