A K Raheja Corp. affiliate, Inorbit Malls (India), has paid approximately ₹400 crore to buy a retail property in Hubli, Karnataka, as a strategic foray into Tier-2 cities. The building, called Akshay Sky Mall, has a gross built-up area of around 650,000 square feet.

By 2047, Viksit Bharat aims to raise 1.5 billion Indians' average income to that of affluent countries. Indian urban population is expected to rise from 34% in 2018 to 40% by 2030, while rural population is expected to decline. Promoting urban-rural synergy to support economic development is crucial

Company demand for flexible workspaces will peak in 2024. In the first half of 2023, 106,554 seats have been rented, compared to 155,000 for the year. Leasing is growing rapidly due to economic development, changing work dynamics, and the necessity for cost management.

Indian real estate developers have focused more on hotels due to the rising travel industry. Post-pandemic domestic travel is increasing demand for premium hotel infrastructure, especially in tier-2 and tier-3 cities.

Bangalore-based Prestige Estate Projects plans to treble its hotel portfolio with a ₹1700 crore investment in the next 3-4 years. Managing 1,849 keys across India, the business aims to create ₹1,800 crore in income, tripling current sales of ₹900 crore.

According to a report by the Confederation of Indian Industry (CII) and Knight Frank, Global Capability Centres (GCCs), flexible and co-working spaces, and the IT sector will drive office space demand in India to 1.7 billion square feet by 2030.

India's elderly population is growing. Household needs are changing due to growth. Mumbai, Bangalore, Pune, and Delhi are focusing on senior-friendly housing. The progress is encouraging, but much more must be done. Despite hurdles, senior care houses will be significant business.

PropShare, India's biggest commercial real estate digital platform, aims to grow its Asset Under Management (AUM) to over Rs 1,000 crore in storage assets. The warehouse market's current growth, reminiscent of the early 2000s office space bubble, prompts the business to buy assets across India.

Awfis, India's leading flexible workspace provider, opened its largest facility in Bhubaneswar, Orissa, to promote creativity and cooperation. The breadth of Awfis's network makes it the leader in flexible workplaces, and its expansion development and potential in Tier II cities of India.

The Indian real estate industry returned from the 2022 shock and maintained its record-breaking velocity into 2023, propelled by strong demand and supply. This article on Ghar tries to make sense of it all.

From January 2022 to October 2023, Indian real estate developers bought 3,294 acres of property, 44.4% of which was in Tier 2 and 3 cities.

Bengaluru-based Prestige Group, a real estate giant, is planning to transform urban landscapes across Delhi-NCR, Bengaluru, Hyderabad, Chennai, Mumbai, and Goa. With a Bengaluru trial project, they are also targeting elder living.

There Has Been a Huge Uptick in Demand For Integrated Townships in Tier 2 Cities in India