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Real Estate Growth

25 posts
Mumbai property market growth Navratri 2024

Property Prices Surge Across India’s Prime Residential Markets in 2024 Amid Rising Costs

Property prices in India’s prime residential markets saw a significant rise in 2024, with Delhi NCR experiencing a 49% YoY surge. The increase is driven by demand for luxury homes, escalating costs of building materials, and labor. Other cities like Mumbai, Bengaluru, and Pune also reported double-digit price growth. Despite a slowdown in Hyderabad, the overall trend highlights a growing demand for high-end properties, especially in key markets like Delhi NCR. However, the surge raises concerns about affordability, prompting calls for policy adjustments to ensure broader access to housing.
Leasing

Net Absorption in Indian Office Markets to Surpass 60 msf in FY2026: ICRA

India’s top six office markets—Bengaluru, Chennai, Delhi-NCR, Hyderabad, MMR, and Pune—are projected to achieve a record-breaking net absorption of 60 msf by FY2026, according to ICRA. Vacancy levels are expected to hit decade-lows, while retail mall operators will witness steady rental income growth despite challenges from rising e-commerce competition.
Nagpur

Nagpur Tops List of Emerging Cities in India

Nagpur has emerged as the top-performing city among India’s 30 emerging cities, according to Colliers’ latest report. With expressway development acting as a key growth catalyst, Nagpur, Jaipur, and Lucknow are poised for significant real estate expansion.
Mumbai home sales September 2024 decline

Mumbai Property Market Sees Growth in December 2024, With Higher Registrations and Revenue

Mumbai’s real estate market experienced steady growth in December 2024, with 12,335 property registrations and ₹1,127 crore in revenue, reflecting a 0.4% increase in registrations and a 20.8% rise in revenue from 2023. The number of registrations also rose by 31.8% compared to December 2022, indicating strong recovery and growth post-pandemic. Despite a drop from the high numbers seen in December 2020, the market continues to show resilience with increasing property demand and rising prices.
Representation pic of Navi Mumbai Metro

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.