2024 in Review: Key Trends Shaping India’s Commercial Real Estate Landscape

Amar Builders

2024 in Review: Key Trends Shaping India’s Commercial Real Estate Landscape

As we bid farewell to 2024, it’s impossible to ignore the strides made in India’s commercial real estate sector. Despite global economic challenges, this year has been a testament to resilience, innovation, and the ever-evolving nature of the industry. Let’s delve into the highlights that defined 2024 and look ahead at what’s shaping the future of commercial real estate in India.

1. Investment Growth: Resilience Amid Challenges

India’s commercial real estate sector attracted $7.8 billion in investments this year. This remarkable growth highlights the resilience of the market and its attractiveness to global investors despite ongoing economic uncertainties. Tier 1 and Tier 2 cities emerged as the biggest beneficiaries, setting the stage for continued growth in 2025.

Source: CBRE India Real Estate Market Report, 2024

2. Sustainability Takes Center Stage

Sustainability emerged as a core focus for developers and tenants alike. Green-certified buildings saw an 18% rise in adoption, reflecting the increasing prioritization of environmental responsibility. Companies are now aligning corporate goals with sustainable infrastructure to meet ESG (Environmental, Social, and Governance) standards.

Source: IGBC Green Building Movement Report, 2024

3. Leasing Surge in Tier 2 Cities

Tier 2 cities recorded a 20% increase in leasing activity, driven by expansions in IT, e-commerce, and allied sectors. As businesses continue to diversify beyond metro cities, smaller cities are gaining prominence for their affordability, growing infrastructure, and talent availability.

Source: JLL India Office Market Update, Q3 2024

4. Flexible Workspaces: Leading the Way

The rise of hybrid work models has propelled flexible workspaces to the forefront, accounting for 20% of all office leases in 2024. This shift underlines the need for adaptable office solutions that meet the evolving demands of modern businesses.

Source: Knight Frank India Commercial Report, 2024

5. Pune: A Commercial Leasing Hotspot

Pune emerged as one of the top 3 cities for commercial leasing growth, with 9.5 million sq. ft. of office space leased in 2024. The city continues to attract tech and R&D companies, cementing its status as a major hub for commercial real estate.

Source: CBRE India Market Monitor, 2024

6. PropTech Revolution

Technology continued to redefine the real estate landscape, with PropTech adoption increasing by 17%. From automated property management to tenant experience solutions, PropTech is reshaping how the industry operates.

Source: CB Insights India Tech Survey, 2024

7. Data Centers: A New Growth Driver

Data center leasing witnessed a 28% increase, fueled by rising demands for cloud computing and artificial intelligence. With India becoming a global data hub, this trend is expected to accelerate further in the coming years.

Source: CBRE Data Center Report, 2024

Looking Ahead

As the industry evolves, Amar Builders remains committed to pushing the boundaries of innovation, sustainability, and design excellence. From developing cutting-edge commercial spaces to fostering sustainable practices, we are proud to contribute to this thriving sector.

Together, let’s continue to shape the future of real estate—one milestone at a time.

The information provided in this blog is based on research and sources believed to be reliable and accurate at the time of writing. We have cited relevant reports and data to support our insights. However, market conditions and industry trends are subject to change, and we encourage readers to conduct their own due diligence before making any real estate decisions. Amar Builders is not responsible for any discrepancies or subsequent changes in the information presented.