Year-end Snapshot: Revisiting India’s Defining Real Estate Trends in 2024

As the year 2024 draws to a close, our report recaptures the dominant trends and standout demand drivers for each of the core real estate sectors, aiming to equip industry stakeholders with valuable insights.

Key Findings:

·       India's office real estate market demonstrates exceptional performance in 2024, achieving record-breaking leasing activity from January to September.

·       Industrial and logistics (I&L) space absorption reaches ~27.5 million sq. ft. in the first nine months of 2024; third-party logistics (3PL) players continue to dominate the space take-up, while small-sized warehousing deals (less than <50,000 sq. ft.) drive demand.

·       Despite the limited addition of new stock, India’s retail leasing activity remains strong at ~4.5 million sq. ft. in the first nine months of 2024.

·       India’s residential market sustains its upward momentum, led by strong performance in new launches and sales of housing units, especially in Mumbai and Pune.

·       Equity capital inflows into the country’s real estate market scale a new peak, with Delhi-NCR witnessing the highest share; land / development sites and the office sector secure ~70% of the investment flows.

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