Onward Workspaces Expands with 18,000 Sq. Ft. Premium Facility at Emaar Capital, Gurgaon, to Serve Global Enterprises

Onward Workspaces has leased 18,000 sq. ft. of premium office space at Emaar Capital, M.G. Road, Gurgaon, marking a strategic expansion to cater to the growing demand for flexible, Grade-A office solutions. The new facility, designed to foster innovation and collaboration, has already secured strong interest, with a UK-based multinational shipping company pre-booking 45% of the available area. This expansion is part of Onward Workspaces’ broader plan to add 150,000 sq. ft. of office space across Delhi NCR by the end of 2024.

Mumbai’s Real Estate Boom: A Developer’s Perspective on Rising Property Registrations

Mumbai’s real estate market is booming, with record property registrations fueled by favorable government policies, evolving buyer preferences, and strategic developer initiatives. In Q3 2024, the Mumbai Metropolitan Region (MMR) captured 32% of India’s total real estate market share, driven by strong demand for mid-income and affordable housing in suburban areas like Thane, Navi Mumbai, and Panvel. Developers are adapting by offering attractive festive discounts, virtual property tours, and focusing on modern amenities and improved connectivity to meet the changing needs of homebuyers.

29% of Homes Sold in Greater Mumbai Priced Above ₹2 Crore

A recent report revealed that 29% of homes sold in Greater Mumbai are priced above ₹2 crore, highlighting the city’s escalating affordability issues. The research, unveiled at the Excelerate 3.0 event, sheds light on the rising challenges in Mumbai’s real estate market, with key insights on pricing trends, transaction volumes, and inventory levels, while emphasizing the need for regulatory reforms and collaboration to address housing affordability.

Rising Construction Costs to Push Home Prices Highe

Construction costs in India have surged by up to 11% in 2024, primarily due to rising labour expenses. Homebuyers can expect higher property prices, particularly in the residential sector, as developers adjust to increased building costs.

Lifestyle Amenities Redefine Luxury in Delhi-NCR’s Real Estate Market

The concept of luxury in real estate has shifted in Delhi-NCR, with developers focusing on creating homes that offer a complete lifestyle experience. With an emphasis on wellness, sustainability, and community engagement, luxury housing now includes amenities like fitness centers, eco-friendly building materials, and smart-home technologies to cater to the evolving needs of modern homebuyers.