Home loan borrowers may expect some relief in the form of lower EMIs starting from the RBI’s February monetary policy review next year. Experts believe that the Reserve Bank is likely to ease its key interest rate, known as the repo rate, by at least 25 basis points during its February monetary policy meeting, scheduled shortly after the presentation of the Union Budget 2025-26.

The Mumbai real estate market's luxury segment has been on fire since the pandemic, with luxury apartments worth over ₹100 crore selling like hotcakes. However, one project that stands out is Oberoi Three Sixty West by Mumbai-based listed real estate developer Oberoi Realty where buyers have lapped up apartments priced at ₹100 crore and more.

In the last six months, at least five transactions with a price range of over ₹100 crore have been registered at Oberoi Three Sixty West.

A penthouse in Gurgaon's DLF Camellias has been sold for Rs 190 crore, marking it as the most expensive high-rise apartment transaction in the National Capital Region (NCR) and one of India's highest-ever price-per-square-foot deals. This 16,290-square-foot property was purchased by Info-x Software Tech Pvt Ltd through its director, Rishi Parti, according to real estate documents accessed by IndexTap.

Record-Breaking Price Per Square Foot

Gurugram, once merely a suburban extension of Delhi, has rapidly evolved into one of India's premier real estate destinations. Today, its towering skyline and world-class infrastructure highlight its status as a modern urban hub, led by the prominence of micro-markets like New Gurugram. Such areas set new benchmarks, underscoring Gurugram's dynamic growth in the real estate sector.

Home prices in major Indian cities have increased significantly, with Pune registering a 28 per cent spike in the first half of the financial year 2024. This sharp surge has led to a steady drop in property sales, including in Pune, New Delhi and Mumbai.

According to a recent report published by real estate consultancy ANAROCK, a three per cent decline in overall unit sales has been observed in comparison to the property sales in 2023.

The weighted price of new launch projects in top 30 tier II cities rose up to 65% between 2023 and October 2024 with 25 cities witnessing a rise in prices while 5 cities seeing a decline, according to a report by data analytics firm PropEquity.

Cities like Bhopal, Mohali, Sonepat, Trivandrum and Mysore saw housing price fall by up to 26%, according to the report.

Global factors are unlikely to have a material impact on FIIs’ interest in India’s real estate sector, says Ashish Khandelia, founder of Certus Capital and Earnnest.me. In an exclusive conversation with Outlook Business, Khandelia discussed SEBI's efforts to enhance frameworks for REITs and InvITs, the growing senior living housing sector, and the future of bond investing in India. He also delves into how digital platforms are reshaping investment opportunities and the role of education in bridging knowledge gaps for retail investors.

The passing year 2024 has been a transformative period for the real estate industry, both in India and globally. This year highlighted the industry’s resilience and adaptability, as well as its potential for future growth, particularly in metro cities like Hyderabad, Mumbai, and Bengaluru, where demand for high-quality residential and commercial properties surged. As we prepare for 2025, these trends give us much to anticipate in terms of innovation, sustainability, and strategic investment.

Hyderabad, India’s vibrant tech and business hub, is projected to become the fourth fastest-growing city in the world by GDP growth rate between 2019 and 2035, according to Knight Frank India’s latest report titled ‘Indian Real Estate: A Decade from Now’. The city is set to achieve an annual growth rate of 8.47%, contributing a massive $201.4 billion to India’s GDP by 2035.

Top Fastest Growing Cities: A Global Comparison

The Eastern Suburbs of Mumbai are quickly becoming one of the city's most desirable investment areas, thanks to significant improvements in connectivity and infrastructure. Real estate leaders highlight these developments as transformative, making the region attractive to homebuyers and investors alike.