Delhi-NCR’s Luxury Property Market Surges: 34% of Homes Priced Above Rs 10 Crore

Delhi-NCR has emerged as India’s top luxury real estate market, with over 34% of homes priced above ₹10 crore. A 72% surge in sales from January to September 2024 highlights growing demand from affluent buyers and NRIs. Key infrastructure projects like the Dwarka Expressway have further boosted interest, positioning Gurugram and Noida as prime destinations for high-end living. Industry experts attribute this shift to evolving buyer preferences for exclusivity, premium amenities, and seamless connectivity.

Godrej Properties Limited Acquires Land from CIDCO on a 60-Year Lease in Navi Mumbai for ₹717 Crore

Godrej Properties Limited has acquired three contiguous land parcels in Kharghar, Navi Mumbai, from CIDCO on a 60-year lease for ₹717 crore. The 6.54-acre land is designated for mixed-use residential and commercial development. With Navi Mumbai’s real estate market booming, thanks to the Atal Setu and the upcoming Navi Mumbai International Airport, this move highlights developer confidence in the region’s future growth. Read the full report on this significant land deal.

India’s Data Centre Market Sees $6.5 Billion Investment Surge, 139% Capacity Growth in a Decade

India’s data center industry has experienced exponential growth, attracting over $6.5 billion in investments between 2014 and 2024. With a 139% capacity surge, Mumbai and Chennai now account for 70% of India’s total IT power capacity. As AI, edge computing, and sustainability take center stage, the sector is set for further expansion, cementing India’s position as a global data infrastructure powerhouse.

Cricketer Suryakumar Yadav Bought a ₹21.11 Crore Home in Deonar

Indian cricket star Suryakumar Yadav has made a major real estate investment, purchasing two luxury apartments in Godrej Sky Terraces, Deonar, Mumbai, for ₹21.11 crore. The spacious apartments, spanning over 4,200 sq. ft., come with six designated car parking spaces. With Deonar emerging as a prime residential hotspot, this purchase highlights the growing trend of celebrity investments in Mumbai’s premium real estate market. Read the full report on his latest acquisition.

BFSI sector breaks previous records to lease 13.4 million sq. ft in 2024, amid the best year for office demand in the country

India’s Banking, Financial Services, and Insurance (BFSI) sector reached a historic milestone in 2024, leasing 13.4 million square feet of office space—the highest in a single year. A new report from JLL highlights the sector’s rapid growth, driven by both domestic and global firms, particularly in key financial hubs like Mumbai, Bengaluru, and Delhi NCR. As fintech innovation and digital financial inclusion rise, BFSI is set to play an even bigger role in India’s commercial real estate landscape.