Key Real Estate Trends in 2024: Rapid Urbanization, Demographic Shifts, and Rising Foreign Investment

In 2024, India’s real estate market continues to thrive with robust demand in both luxury and affordable housing sectors. Manju Yagnik, Vice Chairperson of Nahar Group, highlights trends such as the rising focus on green living, increasing infrastructure investments, and urbanization. With Maharashtra’s infrastructure projects transforming the region, the year is set to close as the best in terms of real estate performance, driven by economic growth and strong fundamentals.

Gurugram Metro Extension Set to Boost Real Estate Growth

Haryana Chief Minister Nayab Singh Saini has announced that work on the Gurugram Metro extension will begin by May 1, 2025. The 29-kilometre line will connect key areas like Millennium City Centre, Cyber City, and the Railway Station, enhancing city-wide connectivity. Experts predict a surge in real estate demand in surrounding areas, as the metro extension is expected to significantly reduce travel times and improve access to business hubs, making Gurugram an even more attractive destination for investors and homebuyers.

Noida and Ahmedabad Lead Inventory Surge as Indian Real Estate Market Heats Up

As the festive season approaches, the Indian real estate market is witnessing a surge in residential supply, with Noida leading the way with a remarkable 50% increase. A recent report from Magicbricks indicates that overall residential inventory across 13 primary markets has risen by 12% in just one month, reflecting strong investor sentiment and heightened demand.