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.

Indian Real Estate: Riding Higher in 2025

The Indian real estate market is on track for a robust 2024, driven by key regulatory reforms, increased transparency, and a favorable economic environment. From a strong demand for Grade A office spaces across major cities to continued growth in residential and industrial sectors, all asset classes are poised for impressive performance. Institutional investments are expected to remain healthy, with a particular focus on Tier-II/III cities, offering opportunities for higher returns due to urbanization and infrastructure development.

Rapid Infrastructure Development Drives Growth of Satellite Townships Across India

India’s urbanization is accelerating, with major infrastructure projects like the Mumbai Trans-Harbour Link, Navi Mumbai Airport, and Jewar Airport fueling growth in satellite townships. These developments are driving land price appreciation in surrounding areas, offering significant investment opportunities. Over the next decade, regions like Khopoli, Sonipat, and Sanad are expected to see land prices soar, making them prime locations for real estate investment.

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.

NAREDCO Maharashtra NextGen Unveils Excelerate 3.0: A Vision for Innovation in Construction

NAREDCO Maharashtra NextGen will host Excelerate 3.0 on 14th November 2024, spotlighting innovation in construction. The event will feature panel discussions on building faster, better, and sustainably, with a focus on addressing urbanization, climate change, and fostering emerging entrepreneurial talent in India’s booming real estate sector.