What Will Drive India’s Real Estate Market in 2025

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January 7, 2025

South Hyderabad sees a decline in real estate prices

What Will Drive India’s Real Estate Market in 2025

The Indian real estate market, after enduring years of uncertainty and fluctuating demand, is poised for significant growth in 2025, with several factors positioning it for a strong recovery. From an upturn in the housing sector to infrastructure advancements, various elements are expected to steer the market in a positive direction. Real estate developers, homebuyers, and investors are all looking to the new year with optimism, as trends point to increased demand, improved affordability, and a growing focus on sustainability.

One of the key drivers expected to boost real estate in 2025 is the continued recovery of the housing market, particularly in affordable and mid-segment housing. Following a period of stagnation, the demand for residential properties has begun to show encouraging signs of growth. Government interventions, including the Pradhan Mantri Awas Yojana (PMAY) and other affordable housing schemes, are likely to further increase homeownership among India’s growing middle class. According to industry analysts, the demand for homes priced below ₹40 lakh is expected to rise, driven by the post-pandemic shift in homebuyer priorities, with more people now favouring larger living spaces and better amenities. In 2025, this sector could see a substantial boost, with homebuyers opting for more affordable yet spacious homes in emerging localities.

In addition to housing, the commercial real estate market in India is also set to benefit from significant changes in the business landscape. As hybrid work models stabilise and businesses increasingly realise the importance of quality office spaces, demand for modern, flexible workspaces will likely surge. Moreover, India’s rapid urbanisation and the expansion of key business districts are expected to spur growth in commercial leasing. The government’s focus on boosting infrastructure projects, such as smart cities and metro expansions, will further support the growth of commercial properties, particularly in Tier-2 and Tier-3 cities, where the demand for office spaces is on the rise.

Another critical factor influencing the 2025 real estate market is the increased emphasis on sustainability. With growing awareness of climate change and its impact on urban areas, both developers and consumers are becoming more conscious of environmentally friendly building practices. Green buildings, energy-efficient homes, and sustainable construction methods are expected to take centre stage in 2025. Developers are increasingly incorporating sustainable materials and technologies into their projects, aligning with both regulatory requirements and consumer preferences. According to reports, sustainable buildings have seen a rise in demand, with buyers increasingly favouring eco-friendly homes that offer long-term cost savings through reduced energy consumption. This trend reflects a broader shift towards sustainable living, which is expected to become a driving force in the real estate sector in the coming years.

In conclusion, 2025 could well be a pivotal year for India’s real estate market. Several factors, including a recovery in housing demand, infrastructure advancements, and an increasing focus on sustainability, are likely to propel the industry forward. For developers, this presents an opportunity to tap into the growing middle-class homebuyer segment and the demand for commercial spaces in emerging business hubs. However, challenges remain, particularly in terms of rising construction costs and land availability in key urban areas. Addressing these issues while maintaining a focus on sustainability will be crucial in ensuring the long-term growth and success of the sector.

Realty Sector Pushes for Affordable Housing Reforms

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January 7, 2025

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Realty Sector Pushes for Affordable Housing Reforms

The Indian real estate sector is looking to the upcoming Union Budget for FY26, scheduled to be presented on February 1, 2025, for much-needed reforms to revive the ailing affordable housing market. After the setback in the previous budget when the government removed the indexation benefits on housing loans, industry players are hoping for substantial changes to reignite market sentiment. They are seeking a rise in the tax exemption limit on housing loans, an overhaul of affordable housing criteria, and the reinstatement of the Credit-Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana (PMAY). These measures, they argue, are crucial to addressing the slowdown in the real estate market and making housing more accessible for the masses.

Affordable Housing Struggles Amid Declining Demand

Affordable housing, once seen as the growth engine of the real estate sector, has been struggling to meet demand post-pandemic. Homes priced under ₹40 lakh, which were once in high demand, have seen their sales share drop significantly. According to data, the share of affordable housing sales in India fell to 18% in 2024, down from over 38% in 2019. Anuj Puri, Chairman of ANAROCK Group, highlights that the primary reason for this decline is the reduced focus on affordable housing and the lack of necessary reforms. “Affordable housing requires dedicated attention and targeted benefits, which have been lacking over the past two years,” said Puri, emphasising that tax breaks alone will not solve the crisis.

He further stated that the shortage of urban land, especially in high-demand areas, remains a critical issue for the affordable housing market. Puri suggested that the government could release centrally controlled land, particularly land managed by organisations such as Indian Railways, Port Trusts, and the Department of Heavy Industries, to ease the land scarcity and facilitate affordable housing projects. This, he argued, would help revive the affordable housing segment and make it more accessible to middle and lower-income groups.

Rising Property Prices and the Shift to Luxury Segment

Beyond affordable housing, the broader real estate market is showing signs of slowdown, primarily due to the rapid rise in property prices over the past three years. For many, the dream of owning a home has become increasingly elusive as construction costs and property prices have soared. In response to the stagnant demand in the lower price brackets, leading real estate players have increasingly shifted their focus towards the luxury segment. Pradeep Aggarwal, founder and chairman of Signature Global, noted that a revision of the current tax exemption limit on housing loans to ₹5 lakh, in line with the rising cost of property and construction, could offer much-needed relief to homebuyers in the middle-income category.

However, the growing emphasis on luxury homes in a time of declining affordability raises questions about the sustainability of this shift. While the high-end segment continues to thrive, it’s clear that the real estate market needs a more inclusive approach that balances both luxury and affordable housing. Industry experts argue that the government must take proactive steps to stimulate demand in all segments of the housing market, ensuring that homes remain within reach for a wide range of buyers.

A Sustainable Approach to Affordable Housing

While the demand for affordable housing continues to grow, it’s important to consider the sustainability angle in addressing this crisis. For real estate to thrive in the long run, it must be built in a way that supports both economic and environmental sustainability. As urbanisation increases and more people move to cities, the pressure on housing and infrastructure will intensify. In light of this, developers and policymakers must prioritise eco-friendly designs, energy-efficient buildings, and sustainable construction practices. Implementing green initiatives like rainwater harvesting, solar power, and waste management in affordable housing projects will not only contribute to environmental sustainability but also reduce the cost of living for residents.

As we move towards a future where sustainability is key, it is essential for the government to align housing policies with these long-term goals. Only by embracing sustainable development principles can the government ensure that the affordable housing sector not only recovers but thrives, meeting the needs of millions while preserving the environment for future generations.

Why Kanakapura Road is Bengaluru’s Next Real Estate Hotspot

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January 7, 2025

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Why Kanakapura Road is Bengaluru’s Next Real Estate Hotspot

Kanakapura Road, once considered an affordable and relatively quiet part of Bengaluru, is now rapidly gaining attention from both homebuyers and investors alike. With its prime location on the outskirts of south Bengaluru, the area is seeing significant infrastructure developments, driving real estate prices upwards and attracting both high-net-worth individuals and middle-class families. As we look ahead to 2025, experts predict a potential 15% increase in property values, making it an attractive investment option for those seeking affordable housing with promising future appreciation.

Affordability Meets Investment Potential

One of the key factors driving the surge in Kanakapura Road’s real estate market is its affordability. Compared to other parts of Bengaluru, such as the Northern micro-markets or prime central areas, Kanakapura Road offers competitive property prices. Residential rentals in the region range from ₹25,000 to ₹35,000 for apartments, depending on the type and scale of the development. For investors, land costs vary between ₹3,000 and ₹15,000 per square foot, and residential apartment prices fall within the range of ₹7,000 to ₹12,000 per square foot, with Grade A developments typically priced between ₹10,000 to ₹14,000 per square foot. This pricing is appealing to homebuyers like Anshul Soni, an IT professional working in the city’s Outer Ring Road (ORR), who is looking for a budget-friendly, yet strategic location to settle in.

The availability of reasonably priced homes in well-established gated communities such as those developed by Prestige Group and Brigade Group adds to the area’s appeal. Over the past year, the real estate market on Kanakapura Road has seen an uptick, with some developments experiencing price hikes as high as 25%—a reflection of growing demand and investor interest in this emerging hub.

Infrastructure Push Powers Real Estate Appreciation

Infrastructure improvements are playing a pivotal role in the rapid development of Kanakapura Road. The expansion of this route into a four-lane highway, coupled with significant upgrades to NICE Road, which connects Kanakapura Road to the bustling Electronic City—home to tech giants such as Infosys, Wipro, and Tech Mahindra—has vastly improved connectivity to the IT corridor. This ease of connectivity, combined with proximity to major educational and commercial hubs, is drawing in both professionals and families looking for affordable housing options.

In December 2023, the Bruhat Bengaluru Mahanagara Palike (BBMP) announced a ₹1,200 crore investment to build a 2-km flyover along Kanakapura Road, aimed at reducing traffic congestion and further improving the area’s accessibility. With the area also connected to the Mysuru Road and the southern part of the city, this infrastructure development is set to enhance the area’s appeal and stimulate further growth.

Challenges and Opportunities for Sustainable Growth

While Kanakapura Road’s real estate market is set to experience substantial growth, it is not without its challenges. The area remains somewhat disconnected from Bengaluru’s central business districts, which means daily commuting to the city centre may be a concern for some homebuyers. Moreover, while the local IT corridor of Electronic City offers strong employment opportunities, its distance from the eastern IT hub of Whitefield places Kanakapura Road in a unique position, one that may still limit its potential reach.

However, urban planning experts believe that Kanakapura Road’s growth can be sustainably managed through a balanced focus on development and environmental considerations. As the area undergoes transformation, the inclusion of green spaces, energy-efficient buildings, and smart city features could help foster long-term sustainability. Developers are increasingly aware of the need for eco-friendly infrastructure, incorporating water-saving technologies, waste management systems, and energy-efficient designs into new projects. Such developments would not only enhance the quality of life for residents but also contribute to Bengaluru’s broader environmental goals, offering both short-term benefits and long-term sustainability.

Future Outlook: Kanakapura Road’s Bright Future in 2025

Looking ahead to 2025, Kanakapura Road’s real estate market is poised for major appreciation. As developers rush to meet the growing demand for housing, new residential and commercial projects are likely to keep coming up, further enhancing the area’s infrastructure. The upcoming flyover, metro connectivity, and other developments will further cement the region’s place as a prime real estate investment destination. For both buyers and investors, this represents an opportunity to tap into an emerging market at a relatively early stage, setting the stage for significant returns in the years to come.

Keval Valambhia Honoured with “Hero of Humanity” Award by Yuva Unstoppable

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January 6, 2025

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Keval Valambhia Receives Hero of Humanity Award

Keval Valambhia Honoured with “Hero of Humanity” Award by Yuva Unstoppable

Keval Valambhia, Chief Operating Officer of CREDAI MCHI, has been awarded the prestigious “Hero of Humanity” Award by Yuva Unstoppable for his exceptional contributions to the education and upliftment of the children of construction workers, as well as his instrumental role in enabling financial inclusion for laborers in the construction sector. The award ceremony took place at the iconic Jio Convention Centre in Mumbai, with the honor presented by renowned Bollywood actor and social activist Sonu Sood.

Keval Valambhia has been at the forefront of social transformation in the real estate sector, leading initiatives aimed at enhancing the welfare of construction workers and their families. Under his leadership, CREDAI MCHI facilitated the opening of over 4,000 Jan Dhan accounts for construction laborers, promoting financial literacy and inclusion for one of the most underserved segments of society.

In addition, Valambhia’s dedication to the education and well-being of laborers’ children has been groundbreaking. Through partnerships and innovative programs, he has ensured access to quality education, bridging the gap for those who otherwise lack the means to access such opportunities. His efforts have not only uplifted lives but also set an inspiring precedent for the real estate and construction industry.

In his acceptance speech, Keval Valambhia expressed gratitude to Yuva Unstoppable and his team at CREDAI MCHI for their support, stating, “This award is not just recognition of my efforts but a testament to the resilience and potential of construction laborers and their families. Together, we can build a future where every child dreams big, and every laborer is treated with dignity and respect.”

The “Hero of Humanity” Award is a recognition by Yuva Unstoppable, a leading non-profit organization, for individuals who have made significant strides in creating social impact and championing human dignity. The event brought together leaders, philanthropists, and celebrities who are driving meaningful change in their communities.

UAE real estate market saw record-breaking growth in 2024

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January 6, 2025

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UAE real estate market saw record-breaking growth in 2024

The UAE’s real estate market displayed unwavering growth throughout 2024, solidifying its place as a vital engine for the country’s economy. With a remarkable increase in both project development and real estate transactions, the sector continued to thrive, attracting significant investments and maintaining a robust trajectory. As the UAE positions itself as a global hub for property investment, the year’s performance demonstrates its appeal, particularly to high-net-worth individuals (HNWIs) seeking lucrative opportunities in luxury real estate.

Record Transactions Across Key Emirates: A Look at the Numbers

The UAE’s real estate market saw a surge in transaction volumes in 2024, with data indicating a total value of AED 893 billion in transactions. This figure reflects a year of dynamic market activity, with more than 331,300 deals recorded. Mortgage transactions alone contributed AED 229.3 billion, making up over 50,000 transactions. The emirates of Abu Dhabi, Dubai, Sharjah, and Ajman each contributed significantly to the overall growth, underscoring the diversity and strength of the property market across the nation.

In particular, Dubai emerged as the standout performer, breaking records with AED 760.7 billion in transactions across 226,000 deals. Notably, the city’s property sales hit AED 522 billion through 180,000 transactions, while mortgage activity surged to AED 187 billion with 35,000 mortgages. This performance reaffirms Dubai’s position as a prime destination for both local and international investors, offering a range of lucrative opportunities in residential, commercial, and luxury real estate.

Abu Dhabi, Sharjah, and Ajman: Resilience and Diversity Across the Market

Abu Dhabi’s real estate market also saw a healthy performance, with transactions totaling AED 79.3 billion through 25,046 deals. The capital city has been a hotbed for both ready and off-plan properties, with the Department of Municipalities and Transport’s “Dari” platform reporting AED 46.5 billion in sales. Similarly, Sharjah witnessed strong market dynamics, with transactions totalling AED 36.4 billion in 2024. Sharjah’s distinctive projects and growing infrastructure continue to attract both residential buyers and investors.

Meanwhile, Ajman’s real estate sector has demonstrated impressive growth, recording transactions valued at AED 16.35 billion by October 2024, reflecting a 43% increase compared to the previous year. With a diverse range of investment opportunities and continued demand for both residential and commercial properties, Ajman’s market is well on its way to becoming a key player in the UAE’s real estate landscape.

Sustainability and Future Prospects: A Resilient Market Poised for Growth

The impressive growth witnessed in the UAE real estate sector in 2024 is not only a sign of the country’s economic vitality but also an indicator of its commitment to sustainable development. As the demand for real estate continues to soar, the integration of sustainability in construction and infrastructure is becoming more significant. Developers are increasingly incorporating green building practices, energy-efficient technologies, and sustainable designs, ensuring that projects align with global sustainability standards.

Looking ahead to 2025, international reports predict continued growth for the UAE real estate market, fuelled by the completion of key development projects, government incentives, and a favourable investment environment. As the country focuses on enhancing urban sustainability through smart city initiatives and green infrastructure, the future of the UAE’s real estate market seems poised to not only drive economic growth but also contribute to sustainable urban development. The combination of a thriving property market and sustainable growth strategies makes the UAE a beacon of opportunity for investors in the years to come.

Green Building Movement Drives India’s Real Estate Growth

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January 6, 2025

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Green Building Movement Drives India’s Real Estate Growth

India’s real estate sector is undergoing a dramatic transformation, where rapid economic growth is aligning with the urgent call for sustainability. As one of the primary pillars of India’s economy, contributing 7% to the GDP in 2023 and expected to increase to 13% by 2025, real estate is on the brink of reshaping the country’s future. The sector is poised to reach a market size of $1 trillion by 2030, underscoring the need for a sustainable approach to ensure both environmental and economic stability. As urbanisation surges and a growing middle class demands housing, India faces the crucial challenge of fostering sustainable growth that can handle future demands without compromising the environment.

Economic Growth Meets Sustainability in Real Estate Development

India’s urbanisation, fuelled by an expanding middle class and substantial investments, provides a complex backdrop for real estate development. The demand for housing, commercial spaces, and infrastructure is at an all-time high, yet the need for sustainability has never been more pressing. Government initiatives such as the Smart Cities Mission, the Pradhan Mantri Awas Yojana (PMAY), and the Real Estate (Regulation and Development) Act (RERA) are gradually steering the sector towards greener practices. While these initiatives have been vital in fostering transparency and encouraging responsible development, the challenge remains in striking a balance between swift urbanisation and environmental preservation. Developers face the dual task of addressing the urgent need for real estate while minimising the ecological impact.

The Rise of Green Buildings: Shaping a Sustainable Urban Landscape

A noteworthy shift towards sustainability is evidenced by India’s adoption of green building practices. According to the Indian Green Building Council (IGBC), more than 11,000 projects across India are now registered with a collective green footprint surpassing 10.27 billion square feet. These buildings adhere to rigorous environmental standards, with over 248 projects receiving LEED (Leadership in Energy and Environmental Design) certifications. This momentum reflects the industry’s growing commitment to sustainable construction and eco-friendly design.

The adoption of energy-efficient materials, water-saving technologies, and renewable energy systems such as solar panels has significantly reduced the carbon footprint of real estate developments. In addition to environmental benefits, these green practices offer cost savings by lowering energy consumption and operational costs, making sustainability an economically viable option for developers. Homebuyers and commercial tenants, too, are becoming more eco-conscious, further driving the demand for such spaces.

Policy Support and Innovation in Real Estate Sustainability

The Indian government has been a catalyst in supporting the green revolution in real estate. Through the Smart Cities Mission, which advocates for the integration of smart infrastructure, energy-efficient buildings, and green spaces, the government is transforming urban environments into more sustainable and liveable spaces. Furthermore, the adoption of innovative construction techniques—such as prefabricated building components, recycled materials, and Building Information Modeling (BIM)—is revolutionising the sector. These technologies not only enhance construction efficiency but also reduce resource wastage.

However, challenges persist. The cost of sustainable materials remains high, and the lack of skilled labour proficient in green construction methods is an impediment. Despite these hurdles, there is a significant opportunity for growth in this space. With government policies encouraging eco-friendly practices and the private sector stepping up with innovative solutions, the future of real estate in India looks brighter, aligning growth with sustainability.

India’s Real Estate Future: A Green Vision

The future of India’s real estate sector is intrinsically linked to its ability to balance growth with sustainability. Real estate, once seen primarily as an economic engine, is now emerging as a crucial player in the nation’s environmental responsibility. By embracing global sustainability standards, incorporating innovative construction techniques, and fostering strong regulatory frameworks, India’s real estate sector can redefine itself as a leader in sustainable development. As the sector moves forward, it is poised to set a benchmark for green growth, ensuring that urbanisation not only meets the needs of the present but also safeguards the future.

Vizianagaram’s Real Estate Growth Driven by Bhogapuram Airport and Development Projects

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January 6, 2025

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Vizianagaram’s Real Estate Growth Driven by Bhogapuram Airport and Development Projects

Vizianagaram, a growing city in Andhra Pradesh, is on the verge of a major transformation, as the impending completion of the Bhogapuram international airport, coupled with several key infrastructure projects, is set to trigger a real estate boom. Speaking at the Confederation of Real Estate Developers’ Associations of India (CREDAI) three-day property show, Minister for MSME and NRI Affairs, Kondapalli Srinivas, highlighted that the city is poised to become one of the fastest-growing regions in the state. With projects such as the petrochemical venture, Mulapeta port, and various government-led developmental activities, the entire north Andhra region, including Vizianagaram, will undergo significant change, reshaping its economic and social landscape.

The construction of the international airport at Bhogapuram is a pivotal milestone in this transformation, with its potential to enhance connectivity and drive economic activity. Srinivas noted that once the airport becomes operational, Vizianagaram’s real estate sector will witness an unprecedented surge, as it will attract businesses, investors, and homebuyers, resulting in a significant increase in property demand. This is expected to lead to a wave of migration, with families settling around the city, drawn by the improved infrastructure, job opportunities, and lifestyle offerings that will inevitably accompany the airport’s completion.

On the first day of the CREDAI property show, state vice-president K. Subhash Chandra Bose expressed optimism over the large turnout of prospective buyers, affirming that there is strong demand for properties in the region. The successful event is a testament to the growing confidence in the market, with many potential homeowners showing interest in investments in the area. CREDAI’s chairman, V. Pardha Saradhi, and president, Ch. Suryanarayana Raju, also emphasised the significant role of favourable home loan interest rates, particularly with bank rebates, in boosting both construction and real estate activities. These financial incentives are seen as a positive catalyst in accelerating the sector’s recovery and growth.

Looking at the long-term prospects of this development, the impact of the Bhogapuram airport and related projects extends beyond just economic benefits. From a sustainability perspective, these large-scale urban developments provide an opportunity to integrate eco-friendly, green building practices in both residential and commercial properties. Ensuring that infrastructure meets environmental standards, such as energy-efficient buildings and waste management systems, will help maintain the ecological balance while supporting the region’s rapid urbanisation. As Vizianagaram’s property market expands, it will be critical for developers to prioritise sustainable construction methods, contributing not just to growth but also to long-term environmental responsibility.

The civic and urban implications of this rapid growth are far-reaching. While the surge in real estate is exciting, it also brings challenges related to infrastructure, urban planning, and sustainability. The increased demand for housing and commercial spaces calls for careful planning to avoid congestion, ensure efficient waste management, and improve local amenities. Government intervention will be essential to provide a framework that balances growth with sustainability. The rise of Vizianagaram as a key city in north Andhra has the potential to address long-standing civic issues by focusing on comprehensive urban planning that takes into account the future needs of both residents and businesses.

In conclusion, the upcoming Bhogapuram international airport, coupled with large-scale infrastructure projects, is set to fuel the real estate growth in Vizianagaram. With its promising future, the city will not only see a boom in property demand but also a transformation in its civic landscape, making it an ideal destination for homebuyers, investors, and businesses alike. However, this growth must be carefully managed to ensure that it remains sustainable, contributing positively to the region’s long-term prosperity.

Brigade Group Launches ₹2700 Cr Residential Project in Bengaluru’s Whitefield

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January 6, 2025

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Brigade Group Launches ₹2700 Cr Residential Project in Whitefield-Hoskote Road, Bengaluru

Brigade Group Launches ₹2700 Cr Residential Project in Bengaluru’s Whitefield

India’s prominent real estate developers, Brigade Group, has announced a landmark project in Bengaluru’s rapidly expanding real estate market. The company has signed a definitive agreement to develop a large-scale residential community on a 20-acre land parcel located on Whitefield Road. This prime location will host a project with a total saleable area of 2.5 million sq ft, with a Gross Development Value (GDV) estimated at a staggering ₹2700 crore. With the total land cost pegged at ₹630 crore, this project is poised to become one of the major additions to the residential landscape in Bengaluru.

This development reflects Brigade Group’s ongoing commitment to enhancing Bengaluru’s dynamic urban fabric by delivering high-quality, sustainable living spaces. Whitefield, already known as the city’s largest and most prominent IT hub, continues to experience rapid growth, drawing homebuyers seeking proximity to their workplaces. Whitefield’s immense appeal is further amplified by its superior connectivity via road, rail, and the upcoming metro extension. This seamless accessibility adds tremendous value, making it a prime destination for both professionals and real estate investors.

Pavitra Shankar, Managing Director of Brigade Enterprises, highlighted the strategic importance of the new project. “By acquiring prime land in high-demand locations like Whitefield, we are strengthening our residential portfolio and supporting our long-term growth strategy. This project is a step towards offering Bengaluru’s residents high-quality living spaces that meet their evolving needs while adhering to the highest sustainability standards,” said Shankar. This ambitious project is part of Brigade Group’s broader strategy to increase its footprint in residential real estate across key urban markets, as the company also has several other upcoming developments in Bengaluru, Chennai, and Hyderabad.

The focus on sustainability is a cornerstone of Brigade Group’s vision for this new residential development. The project will integrate green building practices, energy-efficient solutions, and environmentally friendly designs that align with global trends towards sustainable urban living. As the city of Bengaluru continues to grapple with challenges such as pollution and resource scarcity, developments like these are a much-needed contribution to building greener, more responsible urban spaces. The incorporation of sustainable materials and technologies will not only reduce the environmental impact but also ensure long-term cost savings for residents. Moreover, with its prime location, the development promises to contribute to the city’s overall infrastructural growth, enhancing both economic and social sustainability.

From an urban perspective, this project underscores the growing demand for residential properties in Bengaluru, particularly in areas like Whitefield, where the city’s tech-driven economy is rapidly expanding. As the demand for high-quality housing increases, projects like Brigade’s will play a crucial role in shaping the city’s skyline while ensuring that the new developments are in line with evolving civic and environmental needs. The city’s focus on urban renewal, combined with its infrastructure expansion, offers a positive outlook for the real estate market in the coming years, making this project a significant milestone for Brigade Group.

Brigade Group’s ₹2700 crore residential project on Whitefield Road is not just an investment in real estate, it is an investment in sustainable urban growth. The project will bring world-class living standards to Bengaluru’s residents while reinforcing the importance of responsible development in the city’s rapidly transforming landscape. As the market continues to expand, it is clear that projects focused on sustainability and smart urban planning will be the future of real estate development in India.

Indian real estate investment reached $6.5 billion in 2024

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January 6, 2025

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Indian real estate investment reached $6.5 billion in 2024

Indian real estate has demonstrated an extraordinary resurgence in 2024, with institutional investments soaring to a remarkable $6.5 billion, reflecting a 22% growth over the previous year. This remarkable figure underscores the confidence in the nation’s real estate market, particularly in industrial and warehousing sectors, which together accounted for an impressive 39% of total investments. While office spaces were not far behind with a 36% share, the standout performance of industrial assets marks a significant shift in investment priorities, driven by the nation’s growing industrial base and manufacturing resilience.

The industrial and warehousing sector, with $2.5 billion in inflows, has benefited from India’s manufacturing boom, which has been buoyed by positive macroeconomic indicators such as a stable Purchasing Managers’ Index (PMI) and a robust Index of Industrial Production (IIP). This growth trajectory is also a testament to the evolving logistics and supply chain dynamics, which are increasingly prioritising Grade A industrial developments. In an interesting turn of events, the residential sector too has registered substantial growth, reaching $1.1 billion—a 46% increase from the previous year. Foreign inflows have largely driven the market, contributing 66% of the overall investment, while domestic players have shown a rising interest, with their contributions growing by 27% year-on-year.

One of the standout features of the year was the robust growth seen in the fourth quarter of 2024, which witnessed an astonishing $1.9 billion in investments—almost double the amount seen during the same period in 2023. This reflects a sustained and growing confidence in India’s real estate market, not just from international investors but also from homegrown institutions. The strategic shift in investor confidence is further underscored by the 43% share of domestic investments in Q4 2024. This growing momentum signals a potential long-term trend towards increased local investment across a diverse range of real estate assets, from office spaces to residential developments, as the nation’s economic fundamentals continue to improve.

From a civic and sustainability standpoint, this influx of investments represents more than just economic growth. It highlights an evolving urban landscape with a focus on sustainable development. The shift towards industrial and warehousing properties—driven by demand for state-of-the-art facilities that can handle modern supply chain needs—can be seen as a significant step towards more sustainable urban infrastructure. These investments often come with a focus on energy efficiency, waste reduction, and the integration of green technologies, which aligns with global trends towards more sustainable real estate. As Tier-I cities continue to attract investments, there is an increased emphasis on responsible construction practices that not only stimulate economic growth but also reduce the environmental footprint.

Mumbai, a major hub for real estate investments, accounted for a substantial 58% of the office sector’s investments, while industrial and warehousing assets secured 20% of the city’s total inflows. The overall trend reveals a pivot towards more sustainable, future-ready developments, with a clear focus on creating infrastructure that can withstand the evolving demands of manufacturing, logistics, and urbanization. The government’s push for infrastructure development through initiatives like ‘Make in India’ is likely to continue playing a pivotal role in shaping investment flows across the country. As investors remain optimistic, particularly those from the Asia-Pacific region, India’s real estate sector is poised for an exciting, sustainable future.

In conclusion, 2024 marks a pivotal year for India’s real estate sector, characterised by robust investments, a focus on sustainability, and a balanced approach to urban growth. The surge in industrial and warehousing investments reflects a broader global shift towards more sustainable and resilient real estate, making India a compelling destination for both domestic and international investors. With the ongoing government support for infrastructure and industrial growth, coupled with rising confidence among local players, the outlook for 2025 is equally promising, with potential for even greater investment diversification and sustainability-focused developments.

Pune-Mumbai Expressway’s New Link Road Will Slash Travel Time to Navi Mumbai Airport by 2 Hours

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January 4, 2025

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Pune-Mumbai Expressway’s New Link Road Will Slash Travel Time to Navi Mumbai Airport by 2 Hours

The long-awaited new link road on the Pune-Mumbai Expressway is nearing completion, with the Maharashtra State Road Development Corporation (MSRDC) announcing that 90% of the project is already finished. The new road will provide faster access to the Navi Mumbai International Airport, which is expected to open in April 2025. By reducing travel time by up to two hours, the link road will significantly enhance accessibility for travelers, offering a more efficient route to the airport.

Currently, the drive from Pune to Mumbai’s existing international airport is 160 km long and takes approximately four hours. However, the new link road will cut the distance to Navi Mumbai International Airport to just 120 km, reducing the travel time to about two and a half hours. The new route will bypass the town of Lonavala, further decreasing the journey time to as little as two hours. This development is expected to revolutionize the connectivity between Pune and the Mumbai Metropolitan Region, offering a much-needed shortcut for frequent travelers. Spanning 13.3 km, the link road will bypass a challenging 19.8-km section of the Pune-Mumbai Expressway, including the Lonavala ghat, notorious for its steep slopes and sharp curves. The new road will improve safety, ease traffic congestion, and provide smoother travel along this vital route. It incorporates advanced safety features such as an Intelligent Traffic Management System (ITMS) and emergency medical services. The project also includes the construction of two tunnels and two cable bridges to ensure seamless passage through the difficult terrain, further enhancing the overall travel experience.

With a total budget of ₹6,595 crore, the project is expected to be completed by June 2025. Although initially slated for completion in 2022, the project experienced delays due to the COVID-19 pandemic. However, with construction now in full swing, the link road is progressing rapidly, and its completion is anticipated to significantly improve traffic flow on the Pune-Mumbai Expressway. Once finished, the new link road will provide travelers with a quicker and safer route to the Navi Mumbai International Airport. The enhanced connectivity will not only benefit daily commuters but also those heading to international destinations. By improving accessibility, this infrastructure upgrade is poised to bolster the region’s economy and further enhance the effectiveness of the transport network. With the new link road, the Pune-Mumbai Expressway will become a key catalyst in improving connectivity and driving economic growth across Maharashtra.

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