Ultra-luxury residential projects in Gurgaon and premium plotted developments of North and West India - are witnessing active buyer interest from business families or promoter groups based out of Tier-II towns, which include Bhubaneswar, Kanpur, Ayodhya, Darjeeling, among others.

For instance, ‘The Dahlias’ – realty major DLF’s upcoming super-luxury residential project in Gurgaon with units priced upwards of ₹80 crore – is witnessing active buyer interest from some of these Tier-II city-based business families.

Hyderabad recorded a 7% annual growth in registration of residential properties during the July-September period of 2024, according to a report by proptech platform Square Yards on November 5.

The city recorded a 7% annual growth in registered residential transactions during the July-September 2024 period at 19,527 units as compared to 18,314 units in same period last year, Square Yards said in a report that cited IGR data.

As luxury housing takes center stage, Delhi-NCR offers a dominant real estate market, showing a strong upward trajectory. The exceptionally evolving realty market across Delhi-NCR comprises Delhi, Noida, Gurugram, and Ghaziabad, which are some of the most promising geographies for real estate investment.

Realty major DLF will invest around Rs 8,000 crore to develop an ultra-luxury housing project in Gurugram as it seeks to encash strong demand for premium homes.

Last month, DLF did a pre-launch of its 17-acre super-luxury housing project 'The Dahlias' at DLF 5, Gurugram, after obtaining all regulatory approvals and has received a good response from customers.

The festive season, stretching from October to December is a time of jubilation and fresh starts. For aspiring homeowners, it's an important time of the year to take the leap and purchase their dream home. Real estate developers and financial institutions roll out exclusive offers, discounts, and financing options, making it a buyer's market.

1. Festive Offers and Promotions by Developers

Chennai is India’s second-largest data centre market. With a colocation capacity of 88 MW, the city is well positioned for the digital economy of the future. ET finds out more:

What’s favouring Chennai

Resilience, adaptability, continued infra development and strategic policies

KEY DRIVERS

•             Six cable landing stations

•             Steady power supply

Till about a few years ago, the Sassoon Docks in Mumbai used to be a picture of neglect —the nauseating stench of fish matching the crumbling infrastructure at one of the oldest fishing harbours of the country. However, in 2017, all of this changed when 30 artists from across India and abroad, under the aegis of Start India Foundation, brought art into the lives of the local fishermen’s community. The result was the transformation of the 142-year-old historic dockyard into a vibrant street art exhibition space.

The Indian residential real estate sector is experiencing a remarkable increase, with pre-sales reaching Rs 1.2 trillion, marking a 43% compound annual growth rate (CAGR) from FY21 to FY24, according to a report by Axis Capital. The growth is majorly fueled by rising absorption rates and a focus on expanding project launches across both major and emerging markets.

Even more than 10 months after the formal establishment of Jammu and Kashmir Real Estate Regulatory Authority, Jammu Development Authority (JDA), Srinagar Development Authority (SDA) and several other agencies are not coming forward to register their ongoing and new projects as per the J&K Real Estate (Regulation and Development) Rules, 2020. Moreover, several private developers are too showing scant regard for the legislation and the prevailing situation demands the Authority to act strictly against those showing non-compliance.

The Uttar Pradesh government has approved two ambitious master plans for Noida and the Yamuna Expressway Industrial Development Authority (YEIDA) that outline major development projects over the next 15 years. These plans aim to transform the region into a significant industrial and residential hub, with large-scale infrastructure and urban development initiatives.