Municipal Administration and Urban Development (MAUD) Minister P. Narayana has said that the State government wants to give a fillip to the real estate sector in the State and as part of this regulations are being simplified. He said that construction and layout approvals are being simplified adding that the new building construction regulations will be issued next Thursday. The Minister urged builders to cooperate with the government at a special meeting organised on the pending Real Estate Regulatory Authority (RERA) applications, here on Monday.

The year 2024 was remarkable for the Indian real estate market, witnessing an upward growth trajectory in the luxury segment. Affluent buyers, including HNIs and NRIs, dominated the market, propelling the demand and sales. The year ended on a high note in terms of the sector's performance across the top seven cities. As per JLL's report, housing sales have remained healthy and hit a new peak during the January-September period in 2024 with close to 230,000 homes across the top seven cities worth Rs 380,000 crore already sold.

The Greater Noida Industrial Development Authority (GNIDA) has launched a scheme of residential plots located across four different sectors in Greater Noida.

Under the scheme GNIDA is offering 10 residential plots measuring in the range of 51 square metres (sqm) to 500 sqm. The cost of these residential plots begins at Rs 27 lakh and will go up to Rs 2 crore, GNIDA officials said.

India's office market has emerged as a crucial destination for global companies scaling their workforce and real estate presence, highlighted by a record peak in net absorption in 2024. The sector continued to witness robust activity, driven by sustained occupier demand across major cities and a strong push from key industries. For the full year, Bengaluru led the charge, with 2024 being its best year yet in net absorption terms, while Mumbai also saw decadal high numbers.

Historic Net Absorption:

Anshul Soni has been looking to purchase an apartment in Bengaluru with a budget of ₹1 crore. "I can see that Kanakapura Road has decent affordable flats with grade A builders. We also commute easily to Hosur Road since I am an IT professional working in ORR with work-from-home and my wife works on Hosur Road," he added.

About three months ago, he found a 2BHK for around 90 lakh and reconsidered his choice to move into the area.

Morgan Stanley has highlighted that the real estate sector’s outlook remains favourable on the back of strong sales momentum in the third quarter of the financial year 2024-2025. The firm observed that real estate companies like DLF Limited and Oberoi Realty are expected to report robust pre-sales in the third quarter of FY25.

Villas for actors, outdoor sets, studios, and a university to train technicians are among the amenities that the upcoming  Film City near Noida International Airport, being developed by filmmaker Boney Kapoor, will offer in its first phase, according to officials aware of the development.

Andheri, a vibrant commercial hub in Mumbai, offers a unique blend of established business districts and emerging growth corridors. Whether you're a seasoned entrepreneur or a budding startup, finding the perfect commercial real estate location in Andheri can be the key to your success. Let's delve into the distinct areas of Andheri and explore what they offer:

Technology and sustainability are driving a dynamic narrative of constant evolution in the real estate sector in 2024, with even greater transformations anticipated in 2025.

India’s real estate market is poised for transformation in 2024, driven by consumer shifts, tech advancements, and infrastructure growth. Trends like affordable housing, luxury living, eco-friendly homes, and integrated townships will shape the future. Supported by a strong economy and low lending rates, the sector is set to grow at 9.2% CAGR.

Under-construction residential projects in major cities have recorded price appreciation soaring up to 55 percent over the year. According to Savills India, the ongoing price movement demonstrates a strong demand base, reflecting the positive sentiment in the market.