Browsing Tag

tier 2 cities

8 posts
Malls in India

16.6 Mn Sq. Ft. of New Mall Space by 2026

India’s retail real estate is witnessing a remarkable resurgence with over 16.6 million sq. ft. of new Grade A mall space expected by 2026 across the top 7 cities. With Hyderabad and Delhi-NCR taking the lead, and 60+ global brands entering the market, demand for organized retail spaces is stronger than ever.
India's real estate sector witnessed record land acquisitions worth ₹39,742 crore in 2024

India’s Real Estate Sector Sees Record ₹ 39,742 Crore Land Acquisitions in 2024

India’s real estate market reached a new high in 2024, with developers acquiring ₹39,742 crore worth of land across 23 cities. The surge in residential projects, particularly in Tier 1 and emerging Tier 2 cities, highlights a shift in development strategies. JLL’s report emphasizes the growing demand for housing, investment trends, and the evolving financing landscape in India’s property market.
Logistics

India’s E-Commerce Industry Poised to Reach USD 550 Billion by 2035

India’s e-commerce industry is projected to hit USD 550 billion by 2035, according to a joint report by ANAROCK and ETRetail. The sector, valued at USD 125 billion in 2024, is expected to reach USD 345 billion by 2030. The report highlights a surge in online shoppers from smaller towns, with Tier 2 and 3 cities accounting for 56% of shoppers in FY2024. Additionally, mall vacancy rates have dropped to 8.1% in 2024, indicating a strong post-pandemic recovery in physical retail spaces.

Tax Exemption Boosts Housing Demand in Tier 2 Cities, Supply Yet to Catch Up

The recent Union Budget’s income tax exemption for individuals earning up to ₹12 lakh annually is expected to boost demand for affordable housing, particularly in Tier 2 cities. While sales continue to rise, a supply crunch due to fewer new project launches remains a challenge. Experts suggest that reinstating the 100% tax deduction on profits from affordable housing projects under Section 80-IBA could help bridge the gap between demand and supply, ensuring balanced market growth.
residential real estate

2024 Sets New Benchmarks for Indian Real Estate, Gears Up for 25% Growth in 2025

The Indian real estate market in 2024 has set new benchmarks, driven by rising demand for luxury homes, technological innovations, and sustainability. Tier 2 cities are emerging as key players, offering affordable, modern living options. With a projected 25% growth in 2025, the sector is poised for continued expansion, with significant contributions from both luxury and eco-friendly housing.