BUSINESS
From Vastu considerations to additional parking space, this is how India searched homes in 2024
Buyer preferences varied not just geographically but also on factors shaped by cultural and economic forces. This held true for the rental market as well. These understandings, experts say, could enable builders to fine-tune their strategies to attract a wider audience.
BUSINESS
India’s flexible workspace sector achieves record 12.4 msf of gross leasing volume in 2024
Among India’s top flexible workspace markets, Bengaluru led with 3.4 msf of leasing volume, nearly doubling its previous year’s tally. Mumbai, meanwhile, recorded a 3-times YoY growth in GLV, reaching 1.9 msf.
BUSINESS
India’s data centre market sees 407 MW absorption in 2024, set for 600 MW capacity addition in 2025
Data showed that over 200 acres of land were acquired in the top five cities including Mumbai, Hyderabad, Pune, Chennai and Bengaluru in 2024. Mumbai also led the absorption market with 53 percent of total absorption, followed by Hyderabad at 14 percent, and Chennai and Pune at 10 percent each.
BUSINESS
Hyderabad hits record 5.3 msf GCC leasing in 2024
Thanks to robust demand for office spaces from global firms, the city's office stock has more than tripled since 2014.
BUSINESS
Signature Global eyeing 20-25% pre-sales growth in FY26: Chairman Pradeep Aggarwal
Signature Global recorded pre-sales of Rs 12,810 crore in calendar year 2024 and a profit of Rs 40 crore in the first nine months of FY25. The company turned profitable in 9M FY25 with a PAT of Rs 40 crore, compared to a loss of Rs 25 crore in 9M FY24.
BUSINESS
India's office leasing volumes touch 66.4 msf in 2024, market likely to reach 70 msf in 2025: Report
Global Capability Centres (GCCs) have emerged as a major demand driver, with leasing surging 41 percent YoY to 25.7 msf in 2024. Bengaluru captured 47 percent of GCC leasing, while Mumbai witnessed a fourfold increase in GCC uptake compared to 2023, the report said.
BUSINESS
Religious tourism driving residential demand in religious cities, Prayagraj witnesses 28% surge
Big spiritual events like the Mahakumbh Mela that attract millions of visitors are also giving a boost to demand for homestays. Data from Magicbricks showed that cities of religious importance like Prayagraj have witnessed an annual 28 percent increase in buyer queries about residential real estate.
BUSINESS
Long-struggling affordable housing segment sees ray of hope after RBI cuts key policy rate
With rising construction costs, high home loan interest rates, thin margins and more lucrative opportunities in mid, premium, and luxury housing, large developers have continued to vacate the affordable housing space, and reduced supply has pushed up prices for affordable housing units.
BUSINESS
Repo rate cut to boost property investment, fuel housing demand as home loan EMIs to go down, say real estate experts
RBI MPC on February 7 decided to reduce the repo rate by 25 bps from 6.5 percent to 6.25 percent, its first such move in five years.
BUSINESS
SOBHA Q3 results: Net profit jumps 44% YoY; developer plans new projects in Greater Noida, Mumbai
SOBHA witnessed a growth of 76.1 percent YoY in its net revenue at Rs 1256.9 crore in Q3FY25, the company said in a regulatory filing on February 6. The company said that it plans to launch new projects in Greater Noida, Hosur and Mumbai.
BUSINESS
DLF expecting approval for Mumbai project soon, launch likely in Q4FY25-end; Goa launch shifted to FY26
DLF’s Mumbai project, which is located at Andheri (West), is a Slum Rehabilitation Authority (SRA) venture. It is being developed in partnership with the Trident Group.
BUSINESS
Union Budget's measures may spark real estate boom in top tourist destinations
Market data suggests a significant rise in residential demand across markets in key tourism and pilgrimage hubs such as Goa, Nainital, Ayodhya, Prayagraj, Rishikesh and Varanasi, among others.
BUSINESS
Explained: SWAMIH Fund and how it will benefit homebuyers of stressed projects
According to data by PropEquity, as of August 2024, as many as 1,981 real estate projects comprising 5.08 lakh units across 42 cities are stalled. This includes 1,636 projects totalling 4,31,946 units in 14 tier I cities and 345 projects totalling 76,256 units in 28 tier II cities.
BUSINESS
Union budget allowing to declare two houses as 'self-occupied' is a big tax relief, will boost rental housing, say experts
Experts said that investors can now claim “Nil valuation” for two self-occupied properties, instead of just one - a positive move for residential real estate investment.
BUSINESS
Union government announces Urban Challenge Fund of Rs 1 lakh crore in budget 2025 for redevelopment of cities
Union Finance Minister Nirmala Sitharaman said this fund would finance up to 25 percent of the cost of bankable projects with a stipulation that at least 50 percent of the cost is funded from bonds, bank loans, and PPPs.
BUSINESS
Government announces SWAMIH fund 2.0 of Rs 15,000 crore for completion of 1 lakh units in Union Budget 2025
Sitharaman said that under SWAMIH Fund scheme 50,000 dwelling units in stressed housing projects have been completed and keys handed over to homebuyers and another 40,000 units will be completed in 2025 further helping middle class families who are paying EMIs on loan taken for apartment and also paying rent for current dwelling units.
BUSINESS
Economic Survey shows 89 lakh urban houses completed under PMAY, 1.38 lakh housing projects registered under RERA
The Economic Survey 2024-25 said that over 35,000 affordable housing units have been built in 23 cities, under the Smart Cities Mission and 199 projects worth Rs 9,200 crore have been implemented in over 50 cities.
BUSINESS
Delhi NCR, Bengaluru, Kolkata drove record 39.5 msf logistics sector leasing in 2024
The leasing was supported by a supply of 38.6 msf. Mumbai, Chennai, and Bengaluru were the key contributors to the supply, accounting for over half the total.
BUSINESS
Five key demands the real estate sector wants to be considered in Budget 2025
From demand of industry status for the sector to special push for affordable housing, the demand list is long. Builders also want some fiscal measures such as tax rebates on housing loan interest to be enhanced to a minimum of Rs 5 lakh, GST input tax credit and introduction of tax incentive under Section 80C for REIT investors.
BUSINESS
62% of wealthy Indians seek luxury real estate, prioritise capital appreciation over lifestyle upgrade
About 55 percent of respondents in an India Sotheby’s International Realty survey cited capital appreciation as their main reason for investing in luxury residential real estate in 2025, up from 44 percent in 2024.
BUSINESS
DLF sells two penthouses for Rs 150 crore each in 'The Dahlias', records Rs 11,800 crore in pre-sales from the Gurugram project
DLF’s Joint Managing Director and Chief Business Officer, Akash Ohri, said in an interview with Moneycontrol that the company has sold 173 super-luxury apartments in just nine weeks since the pre-launch of its latest luxury venture.
BUSINESS
Adani Realty poised to be among top five Indian realtors after potential Emaar deal
Emaar India has a significant presence in key markets such as Delhi-NCR, Lucknow, Mohali, Indore, and Jaipur. Analysts maintain that the acquisition would provide Adani Realty with an immediate entry into North India’s lucrative real estate market.
BUSINESS
A year after Ram temple inauguration, Ayodhya’s real estate boom takes a pause
Ayodhya’s real estate market may have been overheated, given the over 60% drop in searches for residential property in the October-December 2024 quarter. Real estate experts say this signals a shift in investor interest, likely influenced by market saturation and a natural cooling after a period of heightened activity.
BUSINESS
Delhi RERA to make it compulsory for builder to advertise and sell projects on carpet area only
The Delhi body's guidelines will reinforce what has been laid out under the law governing real estate, that the carpet area should be mentioned in all promotional material.
