A favorable market sentiment across India's major cities.
Insight
Pulse Real Estate Monthly Monitor: April 2025
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The April 2025 Pulse Real Estate Monthly Monitor provides a comprehensive overview of India's real estate market. The report highlights that demand for office space and retail leasing has gone up in most cities, while residential new launches increased across several markets.
Land acquisition by real estate developers reached a three-year high in 2024, with 2,335 acres acquired across 134 deals in 23 urban centers. Total value of land acquired more than doubled compared to 2022 and stood at INR 39,742 crore. Delhi NCR led in deal volume (36 deals and transaction value (INR 11,339 crore), while Mumbai Metropolitan Region led in total area (407.2 acres).
Infrastructure developments, such as Chennai’s Peripheral Ring Road (Phase III) and Pune’s Metro Line 3 are set to boost regional real estate growth. Overall, the report indicates a favorable market sentiment across India's major cities.
The report offers city-specific insights on office, retail, and residential markets for key Indian cities, including rental and capital value trends, significant transactions, and infrastructure updates. It serves as a valuable resource for understanding the current state and future trajectory of India's real estate market. What’s more? Dr. Samantak Das, Chief Economist and Head Research & REIS, shares his insights on ‘Surging Land Deals in 2024’ published by JLL.