Bank lending to commercial real estate, including residential projects, rose 23% last fiscal year excluding the HDFC-HDFC Bank merger. Loans totaled Rs 3.97 lakh crore. Including the merger, growth rose to 38.9%, with Rs 4.48 lakh crore in loans as of March 31.

According to a report by the Confederation of Indian Industry (CII) and Knight Frank, Global Capability Centres (GCCs), flexible and co-working spaces, and the IT sector will drive office space demand in India to 1.7 billion square feet by 2030.

The Indian real estate business is poised for a major change: industry recognition. This decision will boost growth and the sector's economic contribution.

PropShare, India's biggest commercial real estate digital platform, aims to grow its Asset Under Management (AUM) to over Rs 1,000 crore in storage assets. The warehouse market's current growth, reminiscent of the early 2000s office space bubble, prompts the business to buy assets across India.

Anarock, an Indian real estate leader, received a massive Rs 200 crore investment from 360 ONE Asset Management, previously IIFL Asset Management. Anarock is part of 360 ONE, which manages over $54 billion in assets, and this financial injection is substantial.

On Thursday, the Union Finance Minister published the interim Budget 2024, showing that the real estate industry will benefit from the government's comprehensive national development strategy.

Indian

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.

Oberoi Realty, a leading Indian real estate developer, is entering the NCR sector. It entered NCR by buying 14,816 acres of prime land in Sector 58, Gurugram, Haryana, or 59,956.20 square metres.

Mumbai real estate, the centre of the Indian property sector, saw a dazzling increase in registrations during Navratri. Under BMC's oversight, property registrations rose to 4,594 units from October 15th to 23rd, 2023.

Hamas' multifront war on Israel, a geopolitical curveball, is expected to impact India's booming real estate market. Industry experts warn that this unforeseen battle may temporarily halt Israeli investment coming into Indian real estate, which has been growing 20-30% annually.

The Reserve Bank of India's Monetary Policy Committee recently announced its decision to maintain the repo rate at 6.5%. This decision has garnered various reactions from the Indian real estate sector

A CBRE-CII research, ‘Indian Real Estate: Taking Giant Strides – 2023 Mid-Year Outlook,’ was released during the CII Realty 2023 conference. It highlights the sector's tremendous progress.

Leading Warehouse Player IndoSpace to Amplify Industrial Real Estate Portfolio, Aiming for 58 mn sq ft by 2028

K Raheja Corp, a major Indian real estate company, has opted to simplify its residential portfolio. This strategy increases their housing sector focus and corporate size.