In a significant move earlier this month, coinciding with the enforcement of the code of conduct, the state government has appointed the Mumbai Metropolitan Region Development Authority (MMRDA) as the New Town Development Authority (NTDA) for the proposed 'Third Mumbai.' This initiative focuses on the area surrounding the Navi Mumbai end of the Mumbai Trans Harbour Link (MTHL), marking a pivotal step in urban development.

Artificial intelligence (AI) and the Internet of Things (IoT) have taken the world by storm, and the residential real estate sector is no exception. Gone are the days of manually performing each and every task at our homes, from adjusting the HVAC temperature to unlocking doors to let someone in your house. Modernization and the advent of cutting-edge technologies have given rise to tools and solutions that have replaced our need to manually perform daily activities.

India's urban population explosion is causing its bigger cities to burst at the seams. Overcrowding, pollution, traffic congestion, and deteriorating infrastructure are the 'new normal' - a state of affairs that we have begun to accept as inevitable.

Gurgaon has firmly established itself as the top luxury real estate market in the National Capital Region (NCR), driven by an influx of high-end residential projects and robust demand from affluent buyers. According to a recent CBRE report, sales of properties priced over Rs 4 crore surged by 38% from January to September 2024 across major Indian cities, with Delhi-NCR taking the lead. Gurgaon’s growing appeal is supported by extensive infrastructure upgrades and a rising interest in premium housing.

The Indian real estate market is witnessing a revolution, and leading the charge is none other than millennials. This generation, infamous for redefining everything from avocado toast to work-life balance, is now turning its disruptive power towards the housing market. In fact, millennials—those aged 25-40 years—are no longer just scrolling through #DreamHome hashtags on Instagram; they’re making those dreams a reality.

Gurugram, a key economic hub within the National Capital Region (NCR), continues its rapid real estate growth. The city's proximity to the international airport, abundant land, and favourable tax policies have positioned it as a major IT and ITeS centre. This growth has led to increased demand for housing, driving up property prices.

While there are fewer discounts being offered this Diwali 2024, some real estate developers in Delhi-NCR are doling out financial and flexible payment schemes, international tours, free modular kitchen, mobile phones, gold coins and even Lamborghinis to go with new ultra luxury villa launches.

Besides flexible payment plans, developers this festive season have also on offer sustainable living-focused amenities such as EV charging ports for all flats, home automation, and solar geysers, say experts.

The real estate sector has emerged as the second highest in Qualified Institutional Placements (QIP) after renewable energy in India, with developers raising around Rs 12,801 crore in the first nine months of 2024.

The real estate demand from India’s education sector is estimated at over 4 billion square feet by the year 2034-35 as student enrolments across K-12 and higher education segments are expected to increase 1.2 times to exceed 360 million, according to a report released by property consultancy CBRE on October 29.

As Dubai's real estate market reaches new heights, the benefits are spilling over to India's tourism sector. Real estate companies from Dubai are organising major events across various regions in India, leading to significant growth in both the hotel and tourism industries.