India's booming economy and urbanization are shifting focus to Tier 2 and Tier 3 cities, now emerging as growth hubs with affordable housing, improved quality of life, and rising investments. Backed by better infrastructure & government support, these cities are set to usher a real estate revolution

The COVID-19 epidemic and shifting lifestyles have transformed co-living. Due to demand, co-living operators are prioritising one-bedroom hall kitchen (BHK) flats.

In 2024, over 5.3 lakh residences will be completed, a decade-high. The Covid-19 outbreak delayed projects and the government-backed SWAMIH fund revived them, causing this increase. NAREDCO states that almost 4.35 lakh units were constructed in the top seven cities in 2023.

Mulund's Purvarang Society encouraged self-redevelopment out of fear of fraud, an encouraging gesture. This bold move resulted in the destruction of their old building and a lavish groundbreaking ceremony.

India will see rapid high-street retail growth. Leading developers including DLF, Godrej, Prestige group, Brigade enterprises, M3M, Omaxe, and the Dhillon Group will build three million square feet of retail complexes with open spaces over the next two to three years.

Demand for e-commerce companies decreased as the pandemic subsided, whereas brick-and-mortar competitors rented 14% more space from January to June as demand increased.

The post-covid age has seen a rebirth in the luxury hotel business in India as more and more people seek out luxurious vacations and accommodations.

In 2023, mall owners / developers are anticipated to lease 5-6 million square feet of space, topping the pre-Covid peak of 2019 by a significant margin.

Once stigmatised as "old age homes," senior living homes have now evolved as a viable real estate sector, which has grown in importance in the aftermath of the COVID-19 scare.

Following the Covid epidemic, demand for luxury residences in India has increased significantly; this is particularly true in the Mumbai, Goa, Pune, Bengaluru and also the Delhi NCR market, where some of the greatest estates offer a world-class lifestyle.

Commercial real estate in India is gradually reviving in post-covid times. The commercial real estate industry's changing dynamics are providing a fresh face to the sector in line with current trends.

Property rates across Mumbai harbour have soared after the Covid-19 pandemic and the resultant lockdown, especially in the sleepy coastal town of Alibaug.

As the world adapts to the 'new normal, residential real estate is bound to witness the onset of new demand trends. The Covid-19 pandemic reinforced the need to own a home as a safe haven.

Global real estate investment fund Hines is looking to add 4 million square feet of commercial and residential space in its existing portfolio in India, after the Covid-19 pandemic accelerated the demand for premium development, a top executive told ET.

In the backdrop of the disruption caused by Covid-19, the government will look into the demands of the real estate industry, including an extension of project completion timeline by 6-9 months and extension of building permissions secured already as per Ministry of Housing and Urban Affairs.