India has improved its ranking to 31st in the Global Real Estate Transparency Index (GRETI) 2024, entering the "transparent" tier for the first time. This progress, driven by regulatory reforms, digitization, and sustainability initiatives, is expected to attract significant global investment. India’s enhanced transparency positions it as a growing real estate hub.
India ranks 31st in the Global Real Estate Transparency Index 2024, marking significant progress in governance and market transparency. Key reforms like RERA, digitization, and climate risk disclosures have improved investor confidence, positioning India as an emerging hub for institutional real estate investment.
Gurugram RERA has introduced a verification system for two-thirds consent on layout changes, ensuring transparency and protecting homebuyers' rights. Developers must verify majority consent before altering plans. This move, effective from January 2025, aims to enhance trust, reduce disputes, and improve accountability in the real estate sector.
Gujarat RERA has introduced new project reporting rules, effective from January 1, 2025, simplifying compliance for developers. The key change is the removal of external certification requirements for quarterly progress reports. This streamlines the process, improving transparency and monitoring of real estate projects across Gujarat.
Delhi-NCR leads India’s housing market with a significant 178 HPI in September 2024, driven by robust demand, investor interest, and infrastructure development. Key areas like New Gurgaon, Noida Extension, and Dwarka Expressway are seeing substantial growth, reflecting the region's resilience and promising future in real estate.
Hyderabad's real estate market sees a 14% growth in ₹1 Crore+ home registrations in 2024, reflecting rising demand for luxury properties. Key trends include price growth, larger homes, and prominent locations like Medchal-Malkajgiri, indicating a shift towards premium living in the city's evolving property market.
Dwarka Expressway is driving significant real estate growth in Delhi NCR, with improved connectivity, 80% price appreciation, and luxury developments. Ongoing infrastructure projects, including metro expansions, further enhance its appeal, attracting investors and homebuyers to this prime location for long-term growth and development.
The hospitality sector plays a key role in regional tourism development by boosting economic growth, preserving culture, and enhancing infrastructure. It attracts visitors, supports local communities, promotes eco-tourism, and aids regional branding, fostering sustainable tourism that enriches both the local economy and global appeal.
India's hospitality sector attracted $93 million in investments in H1 2024, with projections reaching $413 million for the year. Key growth drivers include a surge in midscale segment openings, increased investor interest in Tier-II and Tier-III cities, and the rise of greenfield projects.
India's housing finance sector is evolving with government initiatives like the NHB fund and private sector innovations, such as Easy Home Finance's digital mortgage model. These efforts aim to make homeownership accessible to middle-income consumers, boosting affordable housing and addressing the mortgage market’s underpenetration.
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