A favorable market sentiment across India's major cities.
The May 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.
India’s retail sector continued to demonstrate impressive performance in terms of both demand and supply in the first quarter of calendar year 2025. While demand for retail spaces continued unabated across the top 7 cities, the infusion of new retail spaces also totaled to a new high. During Q1 2025, 3.1 million sq. ft was leased by retailers in shopping malls and high streets across India’s top 7 cities according to JLL India. On the supply front, Q1 2025 witnessed new retail space additions of 2 million sq. ft.
Infrastructure developments, such as Mumbai’s Metro Line 3 (BKC to Worli) and Pune’s Ring Road Project 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 ‘India Retail Market Dynamics Q1 2025’ published by JLL.