Average Flat Sizes Rise 7% in Top 7 Cities in 2024; NCR Leads with a 29% Annual Increase

The quest for larger homes continues in India’s real estate market. Average flat sizes in the top 7 cities rose by 7% in 2024, with NCR leading the way at a 29% annual growth. Over six years, the average size across these cities increased by 34%, driven by strong demand for luxury housing. NCR’s average flat size soared to 2,435 sq. ft. in 2024, while MMR remains the most space-constrained at 849 sq. ft. Despite higher property prices, spacious homes are a top priority for Indian homebuyers.

Oberoi Realty Reports ₹1,460 Crore Revenue and ₹618 Crore PAT in Q3FY25

Oberoi Realty recorded a strong performance in Q3FY25 with ₹1,460 crore revenue and ₹618 crore PAT, reflecting significant growth in India’s luxury real estate market. The nine-month revenue stood at ₹4,260 crore, up from ₹3,260 crore in the previous year. With a robust pipeline and strategic land acquisitions, the company is well-positioned for sustained growth. Recognized for excellence in sustainability and workplace safety, Oberoi Realty continues to set benchmarks in design and quality.

Industrial & Warehousing Sector Records Robust Growth in 2024, Driven by Large Deals and Strong Demand in Key Cities

India’s industrial and warehousing sector recorded significant growth in 2024, with 25.6 million sq ft of leasing activity across the top five cities. Delhi NCR and Chennai led the demand, accounting for nearly half of the market share. The sector saw a 22% YoY rise in new supply, reflecting developer confidence. Large-sized deals dominated, with 40% of the total demand driven by 3PL, Engineering, and Electronics segments.

Abhishek Lodha Alleges Unauthorized Use of Lodha Brand by Brother Abhinandan Lodha’s HoABL

Abhishek Lodha, CEO of Macrotech Developers, has alleged that his brother Abhinandan Lodha’s company, HoABL, is misusing the “Lodha” brand name. Despite repeated objections, HoABL allegedly continues unauthorized usage, creating market confusion and damaging the reputation of the Lodha Group. The dispute stems from a family settlement in 2015-2017, where Abhinandan separated to start his own business. The real estate industry is watching closely as this trademark conflict unfolds.

WeWork India Secures ISO 14001 and ISO 45001 Certifications Across Entire Portfolio

WeWork India has achieved ISO 14001 and ISO 45001 certifications across its entire portfolio, reaffirming its dedication to sustainability and workplace health and safety. Operating in eight cities with over 100,000 desks, the company continues to set benchmarks in creating sustainable and secure work environments.