Tier-2 and Tier-3 cities like Jaipur, Indore, Coimbatore capture 44% of new land acquisitions in 2024. Discover how non-metro markets are reshaping India's commercial real estate landscape with lower costs and growth potential.

In a landmark ruling, the Karnataka High Court has quashed a 24-year-old BDA land acquisition in Bengaluru, restoring property rights to landowners and setting a legal precedent for stalled acquisitions across India.

Adani Realty has reportedly withdrawn from its planned acquisition of Emaar India due to valuation disagreements. The stalled $1.4 billion deal could have expanded Adani’s real estate footprint.

With a focus on mixed-use development near a new terminal, Bagmane’s latest acquisition underlines confidence in NCR’s booming property market.

Tata Investment Corporation secures a ₹150 crore deal for prime office space at New Cuffe Parade, Wadala, marking a bold move in Mumbai’s commercial real estate market.

Rishabh Family Trust, with Bajaj Auto MD Rajiv Bajaj as a trustee, has acquired a ₹72 crore premium property in Pune's Koregaon Park. The deal includes the historic Krishna Kumar bungalow and outhouse, spanning 16,079 sq. ft. on 1.15 acres.

High land prices and lengthy clearance delays are limiting Indian real estate project debuts. Land acquisition, regulatory difficulties, and legal issues are causing a supply-demand mismatch in Mumbai, Bengaluru, and Delhi-NCR.

A K Raheja Corp. affiliate, Inorbit Malls (India), has paid approximately ₹400 crore to buy a retail property in Hubli, Karnataka, as a strategic foray into Tier-2 cities. The building, called Akshay Sky Mall, has a gross built-up area of around 650,000 square feet.

Nusli Wadia, Chairman of the Wadia Group, and the Aditya Birla Group have settled their lengthy legal dispute. Aditya Birla Group subsidiary Century Textiles and Industries bought a 10-acre leasehold property tract in Worli, Mumbai, from the Wadia family for ₹1,100 crore.

Golden Growth vehicle (GGF), a category-II alternative investment vehicle, aims to collect 400 crore for land purchase in South Delhi to create luxury apartments. After its first financing round, the fund bought property in South Delhi's posh Anand Niketan residential complex.

Ixora Properties, Kalpataru's affiliate, sold ICICI Prudential Asset Management Company a Santacruz commercial skyscraper for about INR 315 crore. The asset management firm will move inside Kalpataru Infinia's new facility.

The Prestige Group, a renowned Indian real estate developer, has carefully bought 21 acres of prime Whitefield, Bangalore property. For the firm, this Rs 450 crore acquisition signifies a major expansion in one of the city's key IT corridors.

In a symbol of Gurugram's rise as India's real estate capital, Godrej, Oberoi, Adani, and DLF have begun building luxury residential projects in the city. Prestige and Sobha are also competing in the city's property market, which is booming and attracting attention.

Zomato's biggest warehouse acquisition in India, a 3.08 lakh sq ft property at Sumadhura Logistics Park in Bengaluru, has improved its operations. This seven-year arrangement, mediated by Bengaluru's Sumadhura Group, shows Zomato's dedication to improving logistical efficiency.

The Indian real estate industry had a great 2023! Indian property markets saw some of the largest transactions ever. Lots of action—acquisitions, IPOs, new project launches. 2023 has set up the Indian real estate sector for future growth.