India’s Real Estate Shines in 2024 – Growth, Innovation, and a Spotlight on Brokers
Mumbai (Maharashtra) [India], December 30: The year 2024 has marked a transformative period for India’s real estate sector, with impressive growth across office spaces, residential markets, and investment flows. The industry’s resilience and adaptability have once again demonstrated why it continues to be a cornerstone of India’s economic strength. India’s office real estate market has [...]

Mumbai (Maharashtra) [India], December 30: The year 2024 has marked a transformative period for India’s real estate sector, with impressive growth across office spaces, residential markets, and investment flows. The industry’s resilience and adaptability have once again demonstrated why it continues to be a cornerstone of India’s economic strength.
India’s office real estate market has experienced an exceptional performance, with 53.3 million sq. ft. of leasing activity recorded between January and September. Bengaluru, Hyderabad, and Pune were the frontrunners, accounting for an impressive 66% of the total supply. A key driver of this demand has been the growing presence of Global Capability Centers (GCCs), which now represent 38% of the leasing activity.
The dream of homeownership continued to thrive as over 225,000 units were sold in the first nine months of 2024, driven by 215,000 new launches. What’s truly exciting is the growing appetite for premium and luxury housing, which now makes up 16% of all sales, a significant leap from just 6% in 2019.