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.

Enhanced Connectivity and Redevelopment Fuel South Central Mumbai’s Real Estate Boom

South Central Mumbai is experiencing a remarkable real estate transformation, with old buildings making way for luxurious high-rises. Enhanced connectivity from new infrastructure projects, including the coastal road and Metro Line 3, is attracting homebuyers to this historically rich area. As capital values rise and demand for housing increases, South Central Mumbai is emerging as a prime market that offers more than just residences—it’s becoming a desirable lifestyle choice.

India’s Hospitality Sector Sees USD 93 Million in Investments in H1 2024

In the first half of 2024, India’s hospitality sector attracted USD 93 million in investments, with a forecasted year-end total of USD 413 million, a 22% increase from the previous year. JLL’s report notes strong contributions from listed hotel companies, significant hotel signings, and robust growth across various market segments, reflecting continued investor confidence and favorable economic conditions.

Offices in Mumbai can save ₹175 cr power bills annually by switching to greener air conditioning: JLL

Offices in Mumbai can save INR 175 cr power bills annually by…

India’s Grade A office market is likely to touch 1.2 billion sq ft by 2030

India’s Grade A office market is likely to touch 1.2 billion sq…