Over 5.3 lakh homes are set to be delivered in 2024, marking the highest number of home completions in a decade. This surge is attributed to delays caused by the Covid-19 pandemic and the revival of projects through the government-backed SWAMIH fund. The National Real Estate Development Corporation (NAREDCO) reports that nearly 4.35 lakh units were completed in the top seven cities in 2023, with a significant increase expected this year

Noida Expressway is becoming the most preferable destination for retail space supply boost, underscoring rapid strides in the areas of infrastructural developments, connectivity, and population density. The underlying demand for diverse types of projects such as Shop-cum-Offices, mixed-use commercials, and high-street projects is upshooting in the corridor as end-users are viewing them as a nucleus of entertainment, recreation, and workspace, all rolled into one.

Magadi Road is an important arterial Road in Bangalore that has seen steady changes in its real estate landscape. The prime position of the road and its infrastructure developments ensure it is a hotspot for property investment. This report covers the potential future of housing development on Magadi Road how it might develop and what factors would drive apartment demand. Infrastructural Developments The primary drivers for real estate growth along Magadi Road are the planned and ongoing infrastructural developments.

Over the past decade, technological advancements have seen remarkable progress in the country across all sectors, including real estate. Particularly in the aftermath of the pandemic, the real estate sector has witnessed the emergence of new investment opportunities and avenues in both metros and tier-2 cities. Among these trends, fractional ownership has gained significant traction in the commercial real estate space.

The Reserve Bank of India (RBI) has proposed new project financing guidelines in a bid to create a more stable financing system. As of now, when a loan is issued, the bank allocates a portion of the loan amount (currently 0.4 per cent) to a separate account as a provision (the practice of setting aside a certain amount of money by the bank), to anticipate potential losses on loans. The new proposed guidelines suggest a higher provisioning percentage (five per cent) during the construction phase.

The expansion of India’s real estate industry is no longer confined to major urban hubs but extends to Tier 2 cities, which are now assuming a pivotal role in shaping industry growth. These cities are becoming major contributors to overall development, spurred by various factors such as policy reforms, enhanced transportation links, and the influx of domestic and international businesses. The surge in interest is reshaping the real estate narrative, challenging the long-standing dominance of the top-eight cities and ushering in a new era of decentralization and expansion.

Leasing by Global Capability Centres (GCC) increased by around 17% Y-o-Y in FY 2023-24 compared to FY 2022-23, touching 22.5 mn sq ft in FY 2023-24 as compared to 19.2 mn sq ft in FY 2022-23. This growth was primarily driven by key sectors such as engineering and manufacturing, BFSI and technology sectors, a report by CBRE has said. GCCs are captive centres that handle operations (back-office functions, support functions, and contact centres) and IT support to enhance productivity. Some large companies use GCCs as a centre of excellence as well.

Prominent real estate stakeholder Niranjan Hiranandani expressed optimism about India's realty sector, emphasizing its pivotal role in propelling the nation's economy towards robust growth. Speaking at the ETNOW.in Realty Conclave and Awards ceremony held in New Delhi on Tuesday, Hiranandani highlighted the relationship between the nation's GDP growth and the burgeoning demand for real estate. "India's GDP is on a trajectory of steady growth, currently exceeding 7%, and I anticipate it to escalate to 8.5 to 9%," he stated.

G Hari Babu, President of the National Real Estate Development Council (NAREDCO), addressing the ETNOW.in Realty Conclave and Awards on Tuesday, May 28, 2024, discussed the trends in affordable housing and real estate in India. He also said that the government should introduce incentives/subsidies for housing units so that the common man can afford a house. Advocating for a redefinition of affordable housing in the country, G Hari Babu said, “In the last five years, we are seeing everybody is talking about affordable housing.

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.