Real estate investments in the Asia Pacific market increased 12 percent year-on-year to reach $ 155.9 billion in 2024, according to a report by Colliers. Within the APAC region, India continued to exhibit strong momentum with the second half of 2024 witnessing an 88 percent annual rise in investments at $ 3 billion.
The demand for retirement homes is continuously growing, making it a lucrative investment opportunity.
According to JLL, the year 2024 marked a watershed year in India’s real estate sector, characterized by a surge in land acquisitions. Developers across the country embarked on an ambitious expansion drive, securing a vast 2,335 acres of land through 134 distinct transactions in key 23 cities. These strategic land acquisitions, valued at a staggering Rs 39,742 crore, laid the foundation for potential development of 194 million sq-ft of real estate.
In accordance with the policy issued by the Department of Housing and Urban Development, Government of Punjab, sites reserved for the economically weaker section (EWS) in urban estates of Punjab Urban Planning and Development Authority (PUDA) and Patiala Urban Planning And Development Authority (PDA) and in approved colonies, which have been transferred to the PDA, will be converted into residential, commercial and other types of plots. These plots will then be sold to the public through e-auction, as per the policy keeping view in the public interest.
In the post-pandemic period, property prices have risen exponentially across the top 7 Indian cities: Bengaluru, Pune, Hyderabad, NCR, MMR, Kolkata, and Chennai. Property rates in key micro markets of these cities have grown by as much as 128% between 2021-end and 2024-end, according to the latest data by ANAROCK Property Consultants.
In the NCR (National Capital Region), average capital values rose by 128% to Rs 13,000 per sq/ft last year from Rs 5,700 per sq/ft three years ago, ANAROCK data showed.
Redevelopment has become the primary land sourcing strategy for Mumbai's developers and generated considerable hype, but market observers say that actual deals on the ground have not matched expectations, with only a few involving significantly large land parcels.
Small land parcels can decrease the free sale component available to developers, affecting their margins in a flattening real estate cycle.
Within the Asia Pacific region, India continued to exhibit strong momentum with the second half of 2024 witnessing a robust jump in real estate investments.
According to the Nasdaq-listed real estate consultancy firm, India saw 88 per cent annual rise in investments at USD 3.0 billion. Office assets continued to draw majority of the investments at 47 per cent share, followed by industrial and logistics at 27 per cent share.
The recent proposal to increase collector guideline rates by an average of 18% in 1,283 locations across Bhopal has come in for stringent opposition with critics arguing that frequent hikes in benchmark property rates inflate real estate costs, slow down development, and push housing out of reach for the middle class.
While the government claims these increases reflect market trends and earn enhanced revenues for the state, realtors and buyers say they distort the sector and limit accessibility.
Worli, a historic precinct in South Central Mumbai, has transformed into one of the city’s most sought-after luxury residential and commercial hubs. A new report by ANAROCK studies this markets’ continuous growth as a prime destination for high-net-worth individuals (HNIs) and multinational corporations on the back of its seamless connectivity, high-end developments, and continuous infrastructure advancements.
From Industrial Hub to Luxury Destination
The state govt is developing two metropolitan regions to strengthen the state's economic landscape. The first metropolitan cluster will combine Indore, Ujjain, Dewas, and Dhar districts, while the second will integrate Bhopal, Sehore, Raisen, Vidisha, and Biora (Rajgarh), stated a statement issued here on Sunday.
Officials said the urban development and housing department was executing that project that aims to establish the state as a key centre for economic growth.
