Our Terms & Conditions | Our Privacy Policy
In this episode of the State of the Economy podcast businessline’s Abhishek Law talks to Saurabh Runwal, Director, Runwal Realty, about the evolving real estate landscape of 2024.
The discussion begins with a focus on residential real estate, highlighting how the sector has experienced remarkable growth post-COVID. Runwal sheds light on the surge in urban demand, particularly in Mumbai and Pune, and explains how genuine end-user interest, rather than speculative bubbles, is driving this trend. He predicts robust double-digit growth in volume, backed by a strong appetite for upgrades in lifestyle and quality living spaces.
The conversation then shifts to Pune’s growing prominence as an IT and GCC (Global Capability Center) hub. Saurabh identifies pockets of growth fueled by infrastructure development, including metro lines, the new airport, and increased IT absorption. He contrasts Pune’s affordability-driven market with Mumbai’s luxury-centric dynamics, offering a detailed analysis of price trends and buyer behavior in both cities.
On the commercial front, Runwal expresses optimism about the office space market, citing significant transactions and an uptick in foreign investments. He highlights the ripple effect of commercial growth on residential demand and overall livability in key urban centers.
The discussion also touches on retail real estate amidst the rise of e-commerce and quick commerce. While acknowledging the challenges posed to smaller retailers and kirana stores, Runwal remains confident about the resilience of organized retail spaces like malls, emphasising their ability to adapt and thrive.
SHARE
Published on December 30, 2024
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Aggregated From –
Comments are closed.