India's luxury housing market is witnessing a surge, with New Delhi making a leap to the sixth position in the global rankings for prime residential price growth, according to Knight Frank's 'Prime Global Cities Index Q4 2024' report. The index, which tracks high-end residential property prices across 44 cities worldwide, revealed a 6.7 per cent rise in luxury home prices in the Indian capital over the past year.
South Indian cities lead in commercial leasing, with a 26% rise in average rent over six years. Bengaluru tops the list with a 26% increase in monthly office rentals, followed by Hyderabad at 25% and Chennai at 20%. In contrast, NCR in North India experienced a rental growth of 10%, Anarock Research has said.
As Pune's real estate market continues to evolve, developers must stay ahead of emerging trends to capitalize on the opportunities the city has to offer. With a growing population, rapid urbanization, and changing buyer preferences, Pune is witnessing significant shifts in its real estate landscape. Visionary leaders like Vipul Agrawal, MD & CEO of SAA are already identifying and adapting to these changes, positioning themselves to leverage these growth drivers.
In India’s rapidly-expanding urban landscapes, a noticeable shift is underway—the gradual disappearance of traditional four-side open residences. Once common in cities like Mumbai, New Delhi and Bangalore, these homes, celebrated for their unrestricted access to sunlight and fresh air, are increasingly being replaced by high-rise apartment complexes and compact housing units.
The new Income Tax Bill is expected to be introduced in the Lok Sabha on February 13. The bill aims to simplify tax laws and modernise compliance structures.
According to the Bill shared with Members of Parliament, the Income Tax Bill, 2025 comprises 536 sections, higher than 298 sections of the current Income-Tax Act, 1961. The existing law has 14 schedules which will increase to 16 in the new legislation.
The Maharashtra Housing and Area Development Authority (MHADA) has invited online applications for 450 flats in Nashik under the 20% reservation scheme for economically weaker sections (EWS). These flats are part of 15 residential projects spread across various locations in the city. As per state regulations, developers constructing residential projects on plots measuring 4,000 sq metres or more must allocate 20% of the total flats for EWS housing.
In 2024, 50% of properties registered in the Mumbai real estate market were smaller than 650 sq ft, with nearly 60% comprising 1 BHK and 2 BHK apartments, highlighting affordability as the key factor influencing apartment sizes, according to registration data from the Maharashtra Real Estate Regulatory Authority (MahaRERA).
While Pune's residential real estate market is preferred by value-seeking homebuyers, as against the premium and luxury-dominated market in neighbouring Mumbai, real estate observers say that more and more developers are seeking sales in the luxury category, priced Rs 3 crore-4 crore and higher.
A new report by consulting firm Primus Partners suggests that integrating urban planning principles from the Indus Valley Civilisation (IVC) could help address modern urban challenges in India. The study, titled ‘Reviving Ancient Wisdom: Lessons from the Indus Valley Civilisation for Modern Urban Planning in India’, highlights that adopting these methods could potentially reduce urban sprawl by 25 per cent.
India's commercial office market has achieved “record-breaking” absorption of 66.4 million square feet in 2024, marking 14 percent year-on-year (YoY) growth even as the market is projected to touch 65-70 msf demand in 2025, according to a FICCI-Colliers report.
