etnownews.com-India's Real Estate Boom! Realty market on cusp of transformation; experts say 2025 set to be defining year for housing sector
Real Estate Sector In India: The real estate sector continues to be on the cusp of transformation. Despite global economic uncertainties, the sector is witnessing strong demand, driven by record-breaking office leases, decade-high residential sales and a healthy supply of new launches.
According to CBRE, a commercial real estate services and investments firm, India's real estate market witnessed an exceptional performance in 2024, with record-breaking leasing activity totaling 53.3 mn—sq. ft from January to September. Among the top eight cities, Delhi-NCR market achieved new milestones. In 2024, Delhi-NCR remained a highly active market for luxury housing in the country with significant growth of 90 per cent YoY with 10,500 units sold compared to 5,525 units in 2023.
