Rising property prices give a broad hint about the health of India’s economy. This is quite visible in the case of India, where a flat in Gurugram, which is a part of the National Capital Region (NCR) was recently sold at Rs 190 crores; it was the costliest within Indian high-rise apartment sale in terms of per square foot (Rs. 1.82 lakhs per square foot) on carpet area.
While affordable housing becomes the buzzword in every Union Budget, the space has seen big national developers moving out, leaving the ground to only government companies such as NBCC and state-level players in tier II and III cities.
There has been a significant 46.8% year-on-year (YoY) increase in the supply of under-construction residential properties in major cities, highlighting the growing activity of developers responding to strong market demand. Bengaluru leads the pack with a remarkable 114% YoY growth, while Gurugram follows closely with 98%. Over the past quarter, there was an impressive 10.97% increase in under-construction supply, with cities like Gurugram (30.97%), Kolkata (27.80%), and Bengaluru (27.39%) experiencing the largest growth.
The state government has introduced Baddi-Barotiwala-Nalagarh Development Authority (BBNDA) Land Pooling Policy-2025 to promote organised and sustainable development in the Baddi-Barotiwala-Nalagarh (BBN) area of Solan district. The policy focuses on transforming unorganised land arrangements into systematically planned layouts with active participation from landowners, ensuring better urban planning and infrastructure development without compulsory land acquisition.
Over the last five years, the Covid-19 pandemic and the geopolitical tensions have rattled many - impacting household earnings and their monthly budgets. Steep rise in cost of living, subdued job market trends and, of late, a volatile equity market have added further strain on the country’s middle class that have cut down on purchases. While the consumer goods markets in the country have been feeling the pinch for sometime now, the residential homes market have started experience the pressure from subdued demand for mid-income homes.
Developers building homes are estimated to post yearly growth in pre-sales but strong revenues in the third quarter of the financial year (Q3 FY25). Pre-sales have moderated amid delays in approval for projects, particularly for Bengaluru-based realtors.
The Greater Noida authority on Friday said it has prepared a project to help protect and conserve Surajpur wetland that is under threat from the indiscriminate discharge of highly polluted wastewater into its channels.
The authority said this wetland can be protected with the technical help from research institutes, non-government organisations (NGOs), and environmental experts, who are willing to come forward to protect this wildlife habitat located right in the heart of industrial city of Greater Noida.
The Ghaziabad Development Authority (GDA) has identified land parcels for its ambitious Hanandipuram housing scheme near Delhi-Meerut Road, and these land parcels will be acquired through direct purchase agreements with farmers in eight villages. The authority has also invited public objections, if any, to the land acquisition.
Fluctuations are a law of nature, affecting everything from everyday lives to larger industries like real estate. This principle has been particularly evident in the real estate sector during 2024. After the COVID-19 pandemic, as conditions began to normalize in 2022, both investors and end-users started actively buying properties. This enthusiasm extended into 2023 as well, with real estate becoming a favored sector for investment and personal use.
India’s real estate market has closed yet another strong year, with record-breaking leasing and sales and a growing appetite for new launches. Equity investments in the sector are projected to reach USD10 billion in 2024, driven by robust inflows in commercial spaces and a strong momentum in residential real estate.1
With these positive shifts, 2025 promises to bring further innovation and resilience. Let’s look at five key trends that could define the year ahead.
