Residential Real Estate Supply Rises 12.7% YoY, Premium Segment Grows 14.4%

India’s residential real estate market witnessed a 12.7% YoY supply growth in Q4 2024, driven by Bengaluru (56.1%) and Gurugram (44.1%). The premium segment surged 14.4%, accounting for 52% of new supply, while residential prices grew 22.7% YoY, led by Noida, Greater Noida, and Gurugram. Rising investor activity and sustained demand underscore the sector’s continued growth.

Key Trends Shaping India’s Residential Market in 2024: Insights by Ritesh Mehta, JLL India

Ritesh Mehta, Senior Director at JLL India, outlines the major residential market trends of 2024, from the growing focus on sustainability and smart home technologies to the rise of affordable housing and mixed-use developments. With promising growth ahead, India’s housing market is poised for a transformation by 2025.

India’s Logistics & Industrial Sector Set for Record Growth in 2024

India’s Logistics & Industrial sector is set to achieve over 50 MSF of leasing activity in 2024, marking the third consecutive year of record growth. Key drivers include e-commerce, retail, and manufacturing expansion, while rising land costs in prime markets are prompting the development of alternate logistics corridors. With 25 MSF of Grade-A warehousing supply expected over the next 2-3 years, the sector is positioned for sustained momentum into 2025, according to Cushman & Wakefield.

How India Searched for Homes in 2024

Magicbricks’ 2024 report reveals the latest trends in India’s real estate market, showing a shift towards tier-2 cities, compact homes, and vastu-compliant properties. With varying preferences in metros and emerging towns, homebuyers are increasingly focused on location, floor levels, and parking needs, shaping the future of the housing sector.

Peripheral Areas Outshine Mumbai’s Prime Locations in Residential Price Appreciation

Mumbai Metropolitan Region (MMR) is witnessing a shift as peripheral areas like Panvel and Virar are outpacing prime locations such as Worli in residential price appreciation. Enhanced connectivity, improved infrastructure, and affordable housing are driving this growth, making suburban areas increasingly attractive to homebuyers and investors.