Magicbricks' Q3 2024 Rental Update highlights a 7.4% QoQ surge in rents across 13 Indian cities due to demand-supply imbalances, with average rents at INR 35.8 psf and gross yields at 3.62%.
Hyderabad leads in real estate growth with a 10% CAGR in residential launches and an 11% price rise in 2023. Its infrastructure investments and tech hub status fuel growth.
The National Capital Region (NCR) witnessed a 137% rise in housing prices from 2019 to 2024, driven by infrastructure growth, strong demand, and rising costs.
With a projected 300% growth by 2030 and the need for over 2.3 million senior living units, it presents a prime opportunity in India.
Construction costs in India rose by up to 11% in 2024, primarily due to rising labour costs and moderate price hikes in materials.
In Bengaluru's July-September 2024 quarter, 25,259 residential units were registered, with a sales value of Rs. 15,739 crore—a 15% decrease from last year.
A Knight Frank India survey reveals that 80% of potential homebuyers prefer home loans for property purchases, with key factors like location, size, and affordability influencing decisions.
Hyderabad's residential real estate market saw a 7% annual growth in transactions and a 20% rise in sales value during the July-September 2024 period.
Mumbai's real estate market witnessed significant growth during Diwali 2024, with property registrations reaching 11,861, a 21% increase from the previous year, and revenue soaring to ₹1,081 crore.
With 123 fresh issues (As of 20th October 2024) across multiple sectors, 2024 has already surpassed the total number of IPOs witnessed in 2023.
Hyderabad's real estate market is thriving in 2024, with over 59,000 homes sold for ₹36,461 crore in the first nine months, reflecting a 34% year-on-year increase in sales.
The Indian office market has demonstrated a remarkable recovery post-pandemic, with average rents surpassing pre-pandemic levels for the first time in 2024.
Institutional investments in India's real estate sector grew 41% year-on-year in Q3 2024, reaching USD 0.96 billion, with increased foreign investor participation driving commercial deals.
Mumbai's real estate market saw a 13% increase in property registrations and a 15% rise in stamp duty revenues during Navratri 2024, driven by stable interest rates, strong buyer sentiment, and demand for premium properties.
Housing prices in India’s top 10 cities surged by 88% between 2019 and 2024, with Gurugram seeing the highest increase of 160%.
In the September quarter, Mumbai's Metropolitan Region recorded 52,745 residential transactions, a 7% year-on-year increase, with a 10% rise in sales value to Rs. 48,409 crore, driven by strong demand across all price brackets.
India's commercial real estate market is experiencing significant growth in 2024, with office leasing projected to reach 70 million square feet, driven by global corporate expansions and rising demand for flexible workspaces.
The Indian real estate sector experienced a robust 45% year-on-year growth in institutional investments, reaching USD 1.1 billion in Q3 2024, driven by strong domestic and foreign capital.
India’s residential real estate market is seeing a positive shift in 2024, with inventory overhang dropping to 22 months in Q2, down from 34 months in 2023.
Hyderabad's skyline has rapidly transformed due to an unrestricted floor space index (FSI) policy, leading to a surge in high-rise projects, but rising costs and declining resale values are now slowing demand.
Housing sales in India's top seven cities dropped by 11% year-on-year in Q3 2024, with Mumbai, Bengaluru, and Pune leading in sales despite a decline in new launches. Property prices rose by 23% due to increased input costs and demand in premium segments.
The 10% surge in online home searches during India's festive season signals a strong recovery in the real estate sector, driven by attractive offers and a growing preference for ready-to-move-in homes.
India's real estate market is poised for massive growth, expected to reach USD 10 trillion by 2047, driven by urbanization, infrastructure, and demographic shifts.
In August 2024, Pune saw a 3% rise in property sales and a 40% increase in stamp duty collections, driven by growing demand for larger and premium homes.
Housing sales in India’s top nine cities are projected to decline by 18% in Q3 2024, with significant drops noted in cities like Hyderabad and Bengaluru, while the Delhi NCR and Navi Mumbai recorded increases.
Domestic firms are set to lease 60-65 million sq. ft. of office space in 2024-25, reshaping India's commercial real estate market and challenging the dominance of global corporations.
Strong investor confidence and ongoing infrastructure growth highlight India’s prominence and attractiveness in the global real estate market.
India’s indoor amusement sector currently operates around 6.6 million square feet across over 500 centers, with South India leading the market, notably Bengaluru, Hyderabad, and Chennai.
According to the Colliers-RICS report, Global Capability Centers (GCCs) are expected to contribute nearly 40% of the demand for Grade A office space in India over the next few years.
Office space transactions in India surged by 54% in the first half of 2024, driven by increased demand for large office spaces.
Bengaluru's real estate market saw significant growth in Q2 2024, with home sales totaling ₹19,631 crore, led by North Bengaluru's dynamic demand.
The adoption of flexible workspaces is accelerating, with over 80% of office occupiers planning expansion within the next three to five years, driven by hybrid work models, cost efficiency, and technological advancements.
In the first eight months of 2024, Mumbai led India's ultra-luxury real estate market, accounting for 84% of sales in properties priced above ₹40 crore.
The real estate sector in Uttar Pradesh is facing challenges with 378 stalled housing projects, affecting nearly 146,000 units across major cities like Noida and Greater Noida.
In the first half of 2024, India's hospitality sector attracted $93 million in investments, driven by growth in Tier II and III cities, with significant contributions from upscale hotels and greenfield projects.
Chennai, Ahmedabad and Kolkata emerge as the most affordable metros for residential investments in 2024, according to Magicbricks' report.
The SM-Reit framework, introduced by Sebi, is set to transform India's commercial real estate market by 2026, with $60 billion worth of office space becoming eligible for listing.
The rising demand for luxury properties in India is driving up home prices and making affordable housing increasingly scarce, as developers focus on high-end projects.
The Indian office leasing market has seen a surge in flex space adoption, now accounting for 12.7% of the market in 2024, driven by post-pandemic shifts, cost efficiency, and the rise of hybrid work models.
In the first quarter of FY25, India’s 21 major listed real estate firms achieved nearly ₹35,000 crore in sales, driven by strong demand in the luxury segment.
In Mumbai, property registrations by seniors aged 61 and above have surged by 204% from 2020 to 2024, driven by post-pandemic desires for larger, more comfortable homes.
Gujarat has experienced a significant 15% drop in housing loan borrowers in Q1 FY25, driven by rising interest rates, increased property prices, and shifting consumer sentiment.
India's Tier 1 real estate markets have achieved a significant transparency milestone, moving into the "transparent" tier of the Global Real Estate Transparency Index (GRETI) 2024.
Mumbai and New Delhi rank second and third in Knight Frank's Global Property Price Index, highlighting their significant real estate price increases.
Affordable housing demand in Mumbai is rising, especially in the MMR's peripheral areas, driven by government support and improved infrastructure.
India's cement industry is set for a major transformation with a planned ₹1.25 lakh crore investment over FY25-27, marking a 180% increase in capital expenditure.
At CREDAI Telangana Statecon 2024, Minister Uttam Kumar Reddy spotlighted Hyderabad's rapid rise as a top real estate investment hub.
The 2024 GROHE-Hurun India Real Estate 100 report reveals a booming real estate sector in India, with the top 100 companies collectively valued at ₹14.2 lakh crore.
Delhi-NCR attracted $633.3 million in real estate investments during the first half of 2024, with significant inflows into office spaces and luxury residential segments.
Lucknow has emerged as the leading Tier 2 city in India for shopping centre space, with a significant gross leasable area of 5.7 million square feet.
The stalling of housing projects across India is a significant issue that is affecting both Tier 1 and Tier 2 cities.
Occupier demand for green-certified office spaces in India is rapidly growing, with 82% of Q2 2024 leases in top cities being in such buildings.
The Indian real estate market has seen a substantial rise in apartment sizes over the past five years, with the National Capital Region (NCR) leading with a 96% increase.
Ahmedabad's status as India's most affordable housing market highlights its effective urban planning and commitment to accessible housing.
The Comptroller and Auditor General (CAG) criticized the Indian Railways for a ₹835 crore loss due to a flawed land development decision in Bandra East, Mumbai.
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