India's real estate sector stands at a critical juncture, facing the dual challenge of rapid urbanization and climate change. As the second-largest contributor to the country's GDP and a significant employer, the real estate sector plays a crucial role in India's economic and social fabric. However, with this prominence comes a responsibility to address environmental concerns, particularly the sector's carbon footprint. In recent years, there has been a growing recognition of the need to decarbonize the real estate sector globally.

The recently published Dubai Real Estate Market Report for FY23 by Betterhomes reveals a fascinating trend: Indians have emerged as the largest buyers of real estate in Dubai. This interest is not limited to expats already working in Dubai but also extends to UHNIs worldwide who are eager to tap into this thriving real estate market.

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Mumbai-based real estate developer Godrej Properties Ltd. sold homes worth ₹3,000 crore within three days at the launch of its project "Godrej Zenith" in Haryana's Gurugram, it said in an exchange filing. This has now become the company's most successful launch ever in both value and volume terms. Godrej Properties sold 1,050 homes with over 2 million square feet of area in the project. For the second time in Gurugram in financial year 2024 and the fourth time pan-India, Godrej Properties has recorded launch sales in excess of ₹2,000 crore.

NCR-based real estate developer Signature Global has reported sales bookings of ₹41.4 billion (4140 crore) in the fourth quarter of last fiscal year and ₹72.7 billion (7270 crore) in 2023-2024 fiscal respectively with year-on-year growth rate of 240% for the fourth quarter and 112% for the full year, the company said in a regulatory filing. The company has exceeded its guidance of ₹45 billion ( ₹4500 crore) in FY24, due to successful launch of its first ever premium housing project, it said.

In recent years, the South Peripheral Road (SPR) in Gurgaon has emerged as a promising destination for both residential and commercial investments. This 16 km-long road provides seamless connectivity between Golf Course Road, Golf Course Extension Road, and NH-8, while also facilitating enhanced connectivity to Sohna by interlinking NH-248A.

Dwarka Expressway, the 18-kilometre marvel through NCR, is fast emerging as a growth corridor brimming with immense potential. More than just a thoroughfare, the Expressway promises to be a vibrant ecosystem – sleek roads facilitating swift commutes, thriving business districts attracting ambitious professionals, and renowned educational institutions nurturing young minds.

But what exactly fuels this ambitious vision? Let’s take a closer look at the key drivers that are propelling Dwarka Expressway towards its destined transformation.

While real estate in the eastern IT corridor of Bengaluru's Whitefield has skyrocketed over the past two years, experts say the southern parts of the city are now slowly catching up. Parts of south Bengaluru like Kanakapura Road, Electronic City, Bannerghatta Road, JP Nagar, and BTM Layout have seen a 10-15 percent rise in real estate prices since December 2023, local brokers say.

Experts point out that real estate rates in north and east Bengaluru have jumped every quarter over the past couple of years, while the southern parts of the city have appreciated slowly.

India's real estate market continues its positive trajectory, fueled by a surge in both housing sales and office space leasing in the first quarter (Q1) of 2024, according to a report by Knight Frank India. Housing Market Sees Rise in Luxury Homes The residential sector witnessed a nine per cent year-on-year (YoY) growth in home sales across eight major cities – Delhi-NCR, Mumbai, Chennai, Kolkata, Hyderabad, Bengaluru, Pune, and Ahmedabad. Mumbai led the pack with a remarkable 17 per cent increase in sales, reaching 23,743 units sold in Q1 2024.

India's real estate market continues its positive trajectory, fueled by a surge in both housing sales and office space leasing in the first quarter (Q1) of 2024, according to a report by Knight Frank India.

Housing Market Sees Rise in Luxury Homes The residential sector witnessed a nine per cent year-on-year (YoY) growth in home sales across eight major cities – Delhi-NCR, Mumbai, Chennai, Kolkata, Hyderabad, Bengaluru, Pune, and Ahmedabad. Mumbai led the pack with a remarkable 17 per cent increase in sales, reaching 23,743 units sold in Q1 2024.

FY24 was an interesting year with strong gains across markets caps and sectors. While the Nifty 50 Index was up 29%, the Midcap Index was up 60%, the Smallcap Index was up 70%, Nifty 500 Index was up 39%. The best performing sector was Realty, with the Nifty Realty sector gaining 133%, coincidentally this was the best performance by this sector in a financial year ever since its origin.

This sector was for long considered an extension of the Construction sector. However, several changes have taken place over the last few years: