Latest Trends in the Indian Real Estate Market - 2024/2025

India’s Real Estate Landscape in 2025

India's real estate industry is currently abuzz with activity. Imagine this: a market that is poised to reach USD 332.85 billion by 2025, expanding at a consistent 9.2% per annum. From metro cities to developing towns, the need for homes, offices, and new-age spaces is growing exponentially. Let us explore some real estate trends in India 2025, with special emphasis on housing market trends in Ahmedabad and commercial real estate in Gujarat.

Latest Real Estate Trends in India

The market is changing quickly, and here's what’s been making waves in 2024, laying the groundwork for 2025:

• Housing Boom: More than 229,900 houses were sold in the first nine months of 2024—a 17% increase from last year. Folks are eager to put down roots!

• Office Space Boom: Commercial real estate in Gujarat recorded a leasing reach of over 53.4 million square feet during the same time, indicating companies are growing.

• Proptech Trends India: AI, IoT, and blockchain are redefining how we purchase and reside in property—imagine intelligent locks and digital tours.

• New Segments: Co-living, senior housing, and data centres are emerging, catering to new-age requirements.

• Upsurge in Premium and Luxury Housing: There has been a sizeable surge in demand for premium housing and luxury housing in Tier-I Indian cities. This is encouraged by increasing income, wealth generation, and growth in the number of Non-Resident Indians (NRIs) investing in luxury homes.

• Office Space Expansion in Tier-2 Cities: Companies are expanding their office spaces strategically into Tier-2 cities such as Jaipur, Coimbatore, Chandigarh, and Lucknow, enticed by decreased real estate prices and enhanced infrastructure.

• Industrial and Warehousing Sector Growth: Driven by the thriving e-commerce and logistics sectors, the industrial and warehousing sector is seeing strong momentum.

Real Estate Trends in Ahmedabad and Gujarat as a Whole

Zoom into Ahmedabad and Gujarat, and you’ll see a real estate story that’s uniquely vibrant:

• Residential Rush: In Q2 2024, 6,194 new homes hit the real estate market in Ahmedabad. Over half were mid-range, with the northern corridor (courtesy of GIFT City) leading at 50%.

• Commercial Hubs: SG Highway and Iscon-Ambli Road took over the property market in Ahmedabad, commanding 80% of leasing during Q2-Q3 2024.

• Vertical Building in Real Estate: With land being at a premium, vertical building in real estate is the way to go, particularly in Ahmedabad's congested areas.

• Green Designs in Real Estate: New developments incorporate green elements—solar panels and living walls, for example—making sustainability a major selling point.

Factors Influencing Real Estate Trends in Gujarat

There are a number of factors that are influencing the Ahmedabad and Gujarat real estate trends:

• Infrastructure Development: The development of projects such as the Ahmedabad Metro and highways has had a huge influence on property prices.

• Economic Growth and Industrialization: The successful business climate and industrial development in both Ahmedabad and Gujarat is fueling demand for residential and commercial real estate.

• Government Policy and Legislation: Initiatives from bodies such as RERA (Real Estate Regulatory Authority) are increasing the regulation and transparency of the marketplace.

• Smart City Initiatives: Gujarat leads the way for the Smart Cities Mission, embracing technology and green urbanism.

The Effect of Technology: PropTech on Indian Real Estate

Property technology (PropTech) is revolutionizing the Indian real estate market. Some of the major trends are:

• Virtual Tours and 3D Walkthroughs: These are emerging as norms, making the property viewing process better and more rewarding.

• AI-Driven Analytics: Artificial intelligence is being utilised for market insights and customised property suggestions.

• Online Property Portals: Platforms like 99acres, MagicBricks, and Housing.com are enabling easier and faster property search and transactions.

• Smart Homes: The convergence of smart home technologies is becoming increasingly popular, providing convenience and energy efficiency.

Conclusion

Gujarat and Ahmedabad are the real stars when it comes to real estate trends in India. From searching for dream homes, pursuing viable investment options in Ahmedabad, or finding out about real estate housing trends in Gujarat, it is clear that this place is the epicentre of the current boom in the industry. Growth, opportunity and innovation with vertical real estate building and green designs in real estate are the norm. Watch this space; it will only go upward from here!

Sources:

https://www.mordorintelligence.com/industry-reports/real-estate-industry-in-india

https://www.adanirealty.com/blogs/top-real-estate-trends-that-will-rule-the-market

https://timesofindia.indiatimes.com/blogs/voices/green-and-sustainable-homes-the-future-of-real-estate-in-india/

https://www.cushmanwakefield.com/en/india/insights/indian-real-estate-2030