The real estate activity in the Vijayawada-Guntur region has gained momentum with the works on Andhra Pradesh capital city of Amaravati picking up pace after the Chandrababu Naidu government resumed the abandoned constructions and called for tenders for massive infrastructure projects, people familiar with the development said.
Office leasing in India by flexible workspace providers has gone up by 57.7 percent as gross leasing volume (GLV) of the sector hit record 12.4 million square feet (msf) in 2024, accounting for 14 percent of total office leasing (89 msf), according to a report by Cushman and Wakefield.
Top listed real estate developers reported a mixed bag of results for the third quarter of the financial year (Q3 FY25), as home sales growth moderated in the top seven Indian cities.
“The performance of the top seven cities remained sluggish in Q3 FY25, with sales declining by 11 per cent and launches declining by 26 per cent year-on-year (Y-o-Y),” said Tushar Bharambe, assistant vice-president and sector head, corporate rating, ICRA.
Despite a sharp surge in property prices the demand for luxury housing remained strong in 2024. The segment resisted economic slowdown, as the HNIs and UHNIs did not shy away from buying big-ticket luxury properties. This growing affinity of India’s middle and upper-class buyers towards luxury projects puts forward a bigger picture. This premiumization trend reflects a deeper desire for homes that embody status, comfort, and an elevated lifestyle.
Special Window for Affordable and Middle Income Housing (SWAMIH) Fund achieved a major milestone on Monday by completing 50,000 homes since its inception in 2019, as finance minister Nirmala Sitharaman handed over keys to homebuyers from select projects in Mumbai. The fund is designed to provide last-mile funding for stressed housing projects.
In a positive development for homebuyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) announced that the compliance rate among real estate developers has risen from 0.02% in January 2023 to 62%. Strict enforcement measures, including freezing the bank accounts of non-compliant projects, establishing a Compliance Cell, and suspending the MahaRERA registration numbers of developers, have played a key role in this improvement, according to a statement issued on February 17.
Real estate developers across Delhi NCR are planning to offer smaller flats to improve affordability and reach buyers in lower price brackets. The average flat size has increased from 1,250 sq ft in 2019 to 2,435 sq ft in 2024, with some developers offering units exceeding 3,000 sq ft, making it difficult for mid-segment buyers to purchase homes.
Industry experts indicate that developers are now considering launching flats starting from 1,500 sq ft to maintain prices between ₹2-4 crore this year.
Holiday homes, also known as vacation homes or second homes, are becoming increasingly popular in India. Particularly over the past few years, holiday homes have moved from being a luxury indulgence to becoming a second home and a smart investment choice. And the momentum is only growing.
Whether it’s the charm of green open spaces and clean air, or the financial appeal of steady rental income, more families are looking at second homes in beach and hill destinations as the perfect blend of lifestyle and returns.
The demand for data centres in India continues to rise, driven by the increasing adoption of cloud computing, Artificial Intelligence (AI), the expansion of big data, and the rapid growth of e-commerce and digital transformation initiatives.
Data from Savills India showed that the country witnessed an absorption of 407 megawatt (MW) of IT capacity and the addition of a new 191 MW capacity across key cities in 2024.
Office leasing in India by flexible workspace providers has gone up by 57.7 percent as gross leasing volume (GLV) of the sector hit record 12.4 million square feet (msf) in 2024, accounting for 14 percent of total office leasing (89 msf), according to a report by Cushman and Wakefield.
