2024 Sets New Benchmarks for Indian Real Estate, Gears Up for 25% Growth in 2025

The Indian real estate market in 2024 has set new benchmarks, driven by rising demand for luxury homes, technological innovations, and sustainability. Tier 2 cities are emerging as key players, offering affordable, modern living options. With a projected 25% growth in 2025, the sector is poised for continued expansion, with significant contributions from both luxury and eco-friendly housing.

Dharavi Redevelopment Project Pvt Ltd Renamed Navbharat Mega Developers Pvt Ltd

Dharavi Redevelopment Project Pvt Ltd (DRPPL) has rebranded as Navbharat Mega Developers Pvt Ltd (NMDPL), reflecting a broader vision for the Dharavi redevelopment. The name change, approved by the Board and Ministry of Corporate Affairs, aims to underscore the project’s scale while maintaining the government’s central role in overseeing the initiative.

Sun Pharma’s Vibha Sanghvi Purchases Properties Worth Rs 130 Crore in One Month

Vibha D Sanghvi, a prominent figure from Sun Pharma, purchased two high-value properties worth Rs 130 crore in Mumbai’s Worli area within a month. The two luxury apartments, each valued at Rs 65 crore, were registered in November and December 2024. The properties include premium amenities such as ample parking spaces and expansive living areas. Sanghvi, a female buyer, availed a 1 percent stamp duty concession on both deals, with a total stamp duty of Rs 6.50 crore paid for the transactions.

Gurugram Metro Extension Set to Boost Real Estate Growth

Haryana Chief Minister Nayab Singh Saini has announced that work on the Gurugram Metro extension will begin by May 1, 2025. The 29-kilometre line will connect key areas like Millennium City Centre, Cyber City, and the Railway Station, enhancing city-wide connectivity. Experts predict a surge in real estate demand in surrounding areas, as the metro extension is expected to significantly reduce travel times and improve access to business hubs, making Gurugram an even more attractive destination for investors and homebuyers.

Sussanne Khan Rents Apartment for Rs 2.37 Lakh per Month Jogeshwari West

Interior designer Sussanne Khan has leased a 2,329 sq. ft. apartment in Mumbai’s upscale Jogeshwari West for Rs. 2.37 lakh per month. The property, located in Agarwal Ind Estate, offers easy access to major business hubs in the city. The deal was formalized in December 2024, with a stamp duty of Rs. 13,500 and registration charges of Rs. 1,000. Khan, the ex-wife of actor Hrithik Roshan, is also the founder of luxury interior design firm The Charcoal Project.