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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.

Indian Hospitality Sector Booms: Strong Growth in RevPAR and Investments

The Indian hospitality sector experienced significant growth in Q4 2024, with Hyderabad recording the highest RevPAR surge at 23.3%. The industry saw 99 new hotel signings, with Tier II and III cities accounting for 75% of the expansions. Investments reached INR 2,900 crore, driven by private investors and HNIs, signaling strong confidence in the sector’s future.

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.