Gaurav Jain, Vice President of NAREDCO (Delhi) on Tuesday during a panel discussion shared, " Real estate will also become from currently, a four trillion economy to 10 trillion in the next let's say 10 years. Real estate will also grow two and a half times you know." He even added, "Our sector(real estate) for the first time in the last 10-odd years can be seen as you know a very organized sector. So therefore when you get organized a lot of responsibilities and some systematic changes come into play.

Foreign Direct Investment (FDI) is a significant driver of economic growth and a substantial contributor towards the expenditure fuelling the nation’s developmental ambitions. The real estate industry is a cornerstone of the economy, is the second-largest source of employment after agriculture and has a multiplier effect on 270 related sectors. Forecasts for growth are expecting it to reach USD1 trillion by 2030. As the industry transforms, it has seen a substantial surge in foreign investment.

Mumbai’s luxury real estate market continues its upward swing with Karan Bhagat, founder and CEO of 360 One, that was earlier known as IIFL Wealth & Asset Management, purchasing two sea-view properties in Oberoi Realty’s project Three Sixty West in Mumbai’s posh area Worli for more than ₹170 crore, documents accessed by Zapkey showed. The two apartments are spread over an area of 12,896 sq ft and are located on the 45th and 46th floors of Three Sixty West project. Bhagat has bought one apartment on the 45th floor for ₹85.03 crore.

Listed real estate developer Keystone Realtors, also known as Rustomjee Group, is planning to foray into the data centers segment and launch plotted development projects, said Boman Irani, chairman and managing director, Rustomjee Group. The company is currently active in the redevelopment space in the Mumbai Metropolitan Region (MMR) and gradually plans to expand into new verticals. The company also plans to raise funds via qualified institutional placement (QIP) of equity shares.

To redefine senior living in India, Manasum Group has introduced Banyan at Godrej Royale Woods in north Bengaluru. This sanctuary for seniors offers a blend of luxury, comfort, and holistic wellness, setting a new benchmark for retirement homes in the country. Located just a 5-minute drive from the KIAL airport toll, Banyan features ready-to-move-in 1 & 2 BHK residences starting from Rs 60 lakh onwards.

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Goa, once synonymous with sandy beaches, vibrant nightlife, and a quintessential escape for tourists, is undergoing a remarkable transformation. This coastal paradise is now a top choice for affluent Indians looking to invest in luxury real estate, shifting its identity from a mere vacation spot to a prestigious investment haven. The Shift in Investment Motivations Traditionally, lifestyle upgrades drove real estate investments in Goa. Buyers were primarily drawn to the region’s idyllic landscapes, relaxed lifestyle, and unique cultural blend.

After the success of its residential plots scheme last year, the Yamuna Expressway Industrial Development Authority (YEIDA) will launch a similar scheme once the general election jamboree is over. This time, under the scheme, the authority is planning to put on sale around 6,000 smaller plots measuring up to 30 square metres (sq m) in addition to larger residential plots measuring between 200 sq m and 4,000 sq m. These plots will be allotted in three sectors located near the upcoming Noida International Airport, officials aware of the matter said.

In recent years, India’s commercial real estate markets have experienced significant growth, driven by the emergence of innovative investment models such as flexi, fractional, and co-working segments. In particular, the rise of co-working and managed office spaces has reshaped the landscape of the Indian commercial real estate market in recent years. This change has benefited all stakeholders, including corporates, freelancers, startups, builders, and property owners. Larger corporations have also rethought their real estate strategies in light of this trend.

Luxury housing in the Delhi-National Capital Region (NCR) is witnessing a remarkable surge, echoing the broader trend across India’s real estate sector. According to a recent CBRE report, the luxury segment recorded a substantial 10% year-on-year growth in sales during the first quarter of 2024. While luxury housing continues to dominate the real estate sector, Delhi-NCR emerged as a significant contributor to new residential launches.

Housing demand in India’s top 7 cities improved 28% year-on-year (YoY) in April 2024, while it increased 17% YoY in 2024 so far. However, new launches plummeted 10% YoY and supply dipped 15% YoY. Unsold inventory continued to improve as it declined 7% YoY with inventory months falling to 15 in April from 19 in the same month last year. Moreover, the correction in unsold inventory levels has lifted prices in all the major cities. Average home prices surged YoY in all top 7 cities during the month