Advertisement
India's real estate market is in a robust growth phase, driven by a strong economy, a significant infrastructure push, and rising consumer buying power. According to Harsh Jagwani, Managing Director of Notandas Realty, this growth is not limited to metros but is also visible in tier-2 and tier-3 cities. With developers responding to new trends like premiumization, sustainability, and technology, the market is poised for appreciation in the next 2-3 years. This sentiment is also supported by strong demand across all segments, particularly in the undersupplied commercial sector.
The real estate market in India is currently in a robust growth phase, according to Harsh Jagwani, Managing Director of Notandas Realty. He said that the market is seeing a lot of active inquiries and conversions, with consumer buying power on the rise due to the strong economy. This has also led to an uptick in the average apartment ticket size. Advertisement
Jagwani highlighted that growth is visible across multiple cities and regions in India, with infrastructure playing a central role in driving demand. In the Mumbai Metropolitan Region (MMR), projects such as the Coastal Road, Atal Setu, and Metro expansions are fueling both demand and pricing in South Mumbai, West Mumbai, and Navi Mumbai. In the National Capital Region (NCR), Gurugram's Dwarka Expressway and Golf Course Extension have emerged as key growth corridors, while Noida is gaining momentum through corporate investments and improved connectivity.
In the south, Bengaluru continues to perform strongly, supported by its thriving tech industry and global capability center ecosystem, particularly in Whitefield and Sarjapur. Hyderabad's western corridor remains a major driver of growth, while Chennai is witnessing steady gains. Beyond the metros, tier-2 cities such as Ahmedabad, Indore, and Coimbatore are also emerging as real estate hotspots.
Jagwani emphasized that the consistent factor across all these markets is the development of infrastructure that reduces travel time and enhances overall livability.
While developers face challenges with new compliances and the high quality standards that well-traveled clients expect, Jagwani sees this as an opportunity to build world-class structures and living experiences in India. He said that the key reasons for price appreciation are connectivity and infrastructure, along with a sharp rise in the cost of construction due to inflation.
He also believes that this is a good time to invest in property in India, as the market is strong and there is still room for more appreciation. According to Jagwani, the commercial real estate sector is currently the most under-supplied sector, with a growing demand from global brands and domestic companies. The real estate market, as a whole, is a reflection of the strong Indian economy and is poised for growth in the next 2-3 years. Notandas Realty is planning to tap into two or three new micro-markets by mid-next year.
Jagwani believes three clear trends will shape the market in the coming years. First, premiumization, where buyers want larger layouts, better amenities, and higher-quality design. Second, sustainability, which is no longer optional, with green buildings, energy efficiency, and EV-ready infrastructure becoming standard requirements. Third, technology is changing how homes are marketed and sold, with digital platforms, virtual walkthroughs, and AI-enabled journeys becoming the norm. He added that on the investment side, REITs and fractional ownership are expanding access to commercial real estate. However, he cautioned that land acquisition with clear titles and approvals remain the biggest challenge for developers.
Disclaimer:
The views, opinions, and information expressed in this article are solely those of the author and do not necessarily reflect the views of Prop News Time. The content has not been independently verified or endorsed by Prop News Time. Readers are advised to exercise their own discretion and seek professional advice if required.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
