Year Ended Quote on Real Estate Industry From Mr. Rishi Raj COO, Max Estates

New Delhi, December 27, 2024: The year 2024 has been a pivotal year for Indian real estate, with significant shifts across both commercial and residential segments with a very visible trend towards ‘flight to quality’. In the commercial sector, the demand for premium-quality spaces surged, largely driven by Global Capability Centers, which account for 35–40% of pan-India leasing absorption and contribute nearly 1% of India’s GDP. Domestic companies also increased their share of leasing from 30% to 40–45%. Max Estates’ commitment to the holistic wellbeing of our consumers, embodied in our WorkWell and LiveWell philosophy, has enabled us to command a 25-30% premium in the micromarket for our commercial offerings. On the residential front, the sector is experiencing a golden era. Homeownership has become a priority for mid-30s buyers, supported by demographic shifts. Listed developers have seen their market share rise from 17% to 34%, reflecting greater investor confidence.

As we look to 2025, evolving demographics and innovative, user-focused solutions will fuel growth. A much sharper product market segmentation to curate personalized experiences will be imperative. Reflecting this approach, Max Estates has successfully launched Delhi NCR’s first large-scale intergenerational community. Antara Senior Living manages one-third of the community, catering to senior residents, while the remaining is designed for younger generations—a concept that has received an overwhelmingly positive response from the market. In additional, millennials are driving demand for premium, compact luxury homes, signalling a shift from traditional formats. The industry’s ability to align with these trends positions it for sustained momentum in the coming year.

Corporate Comm India (CCI Newswire)