Policymakers are rising to this demand and developing solutions for transformative ground-level impact. Schemes like the Pradhan Mantri Awas Yojana (PMAY), for example, provide subsidies and support to the lower and middle classes living in very congested dwellings, unorganised colonies and even slums. Amidst the escalating challenge of providing affordable housing, there’s a glimmer of hope in the proactive measures undertaken by the government.

As many as 8,128 properties were registered in Noida and Greater Noida, representing a 6% increase during the July-September period. Greater Noida led the rally, accounting for 62% of these transactions during the quarter, as per data shared by the Inspector General of Registration.

As many as 7,693 units were registered in Noida and Greater Noida in the year-ago period, said consultant Square Yards.

Telangana's capital, Hyderabad, emerged as the 'fastest-growing city' among the six leading cities analysed by London-headquartered independent property consultancy Knight Frank.

In its latest India Prime City Index report, Knight Frank's India office had analysed the performance of six leading Indian cities—Hyderabad, Bengaluru, Mumbai, Ahmedabad, Delhi, and Chennai—across diverse growth parameters.

Non-Resident Indians (NRIs) are playing a pivotal role in the Indian real estate boom. With evolving global economic conditions and transformative developments in India's property sector, NRIs are seizing the opportunity to invest in their homeland. Let’s explore the key reasons driving this trend.

1. Attractive exchange rates

India’s real estate market has increasingly attracted Non-Resident Indians (NRIs), establishing itself as a reliable and rewarding investment destination. Amid global economic uncertainties, India has proven to be a beacon of stability and growth for real estate investments. Several factors make India the go-to choice for NRIs, from rising property prices to strong rental markets and a resilient economy.

In 2021, Rekha Chotalia and her family lived in a 225 square foot tenement in a chawl-type, low-rise building in Goregaon (West) that is part of a Maharashtra Housing and Area Development Authority layout. It had no lifts, errant tenants, unreliable water supply and a general lack of space all around.

The real estate market in the National Capital Region (NCR) has witnessed a significant price surge over the past five years. According to a recent report by PropEquity, the weighted average price of new residential projects in Gurugram, Noida, Greater Noida, and Ghaziabad has more than doubled. 

According to a recent study by CareEdge Ratings, the listed real estate players are expected to witness robust growth in their pre-bookings and collections in FY25. The pre-bookings are forecast to exceed INR 1,30,000 crore, while the collections are expected to reach over INR 80,000 crore, representing a 15-20% increase from FY24 levels. The credit profiles of established players are anticipated to remain stable, supported by their comfortable cash flow positions.

As India experiences rapid urbanization, gated communities are increasingly popular for providing a secure lifestyle. However, this urban shift also poses challenges, particularly regarding safety and security. Society management is responsible for ensuring these communities' safety, especially against external threats.

Chennai's real estate market is undergoing a sea change as plotted development surges in popularity. Abandoned industrial campuses and joint-family properties are being reimagined as modern, amenity-rich plotted communities.