Browsing Tag

2024 real estate trends

2 posts
Office real estate

India’s Office Market Reaches Record Heights in 2024, Surpassing 49 Million Sq. Ft. in Net Absorption

India’s office market reached new heights in 2024, with net absorption surpassing 49 million sq. ft. and gross leasing volumes hitting a record 77.22 million sq. ft. Bengaluru led the growth, posting its best-ever performance, while global companies and flexible workspaces significantly contributed to the surge.
residential real estate

Residential Property Transactions Soar Past 5.5 Lakh in 2024, Grossing Over Rs. 4 Lakh Crore; Property Prices Surge 60% in Five Years

In 2024, India’s residential property market continued to thrive with nearly 5.77 lakh registered transactions, surpassing Rs. 4 lakh crore in value. This growth, marked by a 60% increase in property prices over the last five years, highlights a strong demand for homes across top cities. Gurugram, in particular, saw remarkable price hikes, with a 132% increase since 2019. The outlook for 2025 remains positive, with expectations of further growth in both demand and supply.