NAREDCO Maharashtra NextGen launches Excelerate 3.0 at Hotel Sahara Star, Mumbai, on November 14, 2024. The centrepiece event, "Innovation in Construction," will explore revolutionary solutions for today's building issues, including growing urbanisation and climate resilience.

Indian real estate demand is rising throughout the holiday season. Since the RBI just maintained the repo rate, homeowners may take advantage of low lending rates and invest now. We examine the main drivers of real estate market development over this time.

At the Bombay Times Fashion Week 2024, Ashwin Sheth Group and designer Sheetal Batra combined luxury real estate and high fashion in Mumbai. Batra's inaugural collection, Ruhaniyat, drew from Kashmir's rich cultural legacy and blended traditional craftsmanship with modern beauty.

High land prices and lengthy clearance delays are limiting Indian real estate project debuts. Land acquisition, regulatory difficulties, and legal issues are causing a supply-demand mismatch in Mumbai, Bengaluru, and Delhi-NCR.

Arnya Real Estate Fund Advisors, an alternative investment management business, will launch its first real estate debt fund to invest in India's top eight property markets, raising around ₹1,000 crore. The Arnya Real Estate Fund—Debt offers a ₹1,000 crore green-shoe option.

Hyderabad's residential market is changing. Hyderabad Luxury property sales and launches dominate the market. Mid-end units made up more than half of yearly sales until 2021, but this trend has changed.

Many middle-class Indians are losing their goal of home ownership as property prices rise, making affordable homes scarce. With the average property costing ₹1.2 crore to ₹1.4 crore, homeownership is becoming increasingly difficult to achieve.

The Mumbai Metropolitan Region (MMR) has seen real estate prices jump 48% in five years. MMR has become one of India's hottest real estate markets due to reduced unsold inventory and rising demand. A detailed look at what caused this massive surge.

Election season, a heatwave, and rising property prices slowed Indian home sales in Q2 2024. This reduced unit sales by 8% from the previous quarter, according to a real estate consultancy group.

According to JLL, the time to sell active unsold housing inventory in India's top seven cities—Delhi NCR, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, and Kolkata—has dropped 31%. Due to rising home demand, inventory liquidation took 22 months in Q1 2024, down from 32 months in 2019.

Over the previous six years, unsold flat stock in the Mumbai Metropolitan Region (MMR) has dropped 14%. On Thursday, ANAROCK Research said that unsold apartments fell from 2.23 lakh in the first quarter of 2018 to 1.93 lakh by March 2024.

Godrej Properties, a significant real estate investor, plans to launch Rs 30,000 crore in residential projects in India's main cities this fiscal year. Due to strong demand, the firm wants to expand sales bookings by 20%.

Sun Estates Developers expands into Goa's hotel market, investing ₹1000 crore in several projects. This strategy builds on their previous successes, like buying the Astor Hotel.

Purevankara outperformed itself in 2024, selling Rs 5,914 crores, up 90% from Rs 3,107 crores in FY23. Customer collections increased by 60% to Rs 3,609 crores from Rs 2,258 crores last year.

The Ascott Limited, Singapore's hospitality giant, launches Citadines Paras Square Gurugram in North India via a strategic partnership with Paras Buildtech. Ascott's first hotel in the dynamic area expands its Indian portfolio to 18 hotels in Bangalore, Hyderabad, Pune, Goa, and Chennai.