Robust Investments Bolster Warehousing & Logistics Sector in 2024

The Indian warehousing and logistics sector witnessed a remarkable investment surge in 2024, reaching USD 1.96 billion. Driven by quick commerce expansion and infrastructure growth, the sector also saw record absorption of 44.9 million sq. ft. Mumbai and Pune emerged as the biggest gainers, while NCR faced a significant decline.

Maharashtra Budget 2024: Real Estate Sector Welcomes Infrastructure and Housing Push

The Maharashtra Budget 2024 has been well received by real estate and infrastructure leaders, with major investments in urban development, housing, and industrial expansion. CREDAI-MCHI hails the budget as a catalyst for economic growth, strengthening the Mumbai Metropolitan Region’s position as a key economic hub.

Exclusive: BMC Seeks Special Planning Authority Status for SRA Projects on Its Land

The BMC has requested Special Planning Authority status for SRA projects on its land, hoping to accelerate redevelopment efforts. However, experts warn that this move could diminish the role of the SRA in managing slum rehabilitation in Mumbai. The proposal awaits discussion once the new state government is formed.

Indian Real Estate Sector Poised to Cross $4.8 Trillion by 2047, PropTech to Reach $600 Billion, Says CREDAI-EY Report

India’s real estate sector is projected to exceed $4.8 trillion by 2047, contributing 18% to the country’s GDP. PropTech, driven by innovations like AI and IoT, is set to grow significantly, reaching a $600 billion market size. Strategic reforms and policy changes are key to unlocking the sector’s full potential.

Will BJP’s Continued Rule Accelerate Slum Redevelopment in Mumbai?

With the BJP-led government re-elected in Maharashtra, industry leaders are optimistic that the continuity in leadership will accelerate Mumbai’s slum redevelopment projects. The focus on modernizing infrastructure and addressing the housing shortage is expected to drive significant economic growth and improve the city’s livability.