New Delhi, November 24, 2025: Strengthening its position in the South Delhi real estate market, Grovy India Ltd., a BSE listed South Delhi headquartered real estate company has expanded its development pipeline to a substantial 1,89,000 sq. ft., covering both ongoing projects and upcoming ventures across the South Delhi market.

This comprises 1,42,000 sq. ft. of ongoing projects and 47,000 sq. ft. of projects in pipeline across South Delhi, the company said in its Q2 FY26 investor presentation.

Grovy India Ltd., a Real Estate Development and Consultancy Company established in the year 1985, has completed more than 100 projects.

The company recorded 1180% increase in net profit at Rs 37.63 lakhs in Q2 FY26 as compared to 2.49 lakhs in the same period last year. The total revenues jumped by 1142% to Rs 1552.87 lakhs.

Nishit Jalan, CEO, Grovy India said, “The strong growth underscores our commitment to delivering high-quality spaces while meeting the rising demand of luxury independent floors in South Delhi. With a balanced mix of active and planned developments, we are poised to enhance our portfolio, create long-term value, and reinforce our reputation for consistent execution and innovation.”

Like global metropolises, the price of independent floors in South Delhi has seen a consistent increase owing to higher demand amidst limited supply. According to a report by Golden Growth Fund (GGF), a Category-II real estate focussed Alternative Investment Fund (AIF), a surge in redevelopment activity, growing preference for luxury housing and renewed buyer confidence in the Delhi real estate market have pushed up average price of independent floors in South Delhi between 12-17% across Category A and B colonies in the third quarter of 2025.

As a result, local inhabitants have been looking to monetise their land or redevelop it with better FSI utilization in order to lift the capital value and rental income.

“South Delhi scores over other micro markets in factors like consistent demand, reliable and safe investment, good return on investment, robust infrastructure and connectivity to employment and entertainment hubs, Jalan added.

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The real estate market in India is a dynamic and ever-evolving sector that plays a crucial role in the country’s economy. Despite facing headwinds of tightening global financial conditions triggered by the black-swan events like Covid and geopolitical hegemony owing to Russia-Ukraine war, the real estate sector has experienced impressive growth in recent years with its demand getting momentum.

The residential real estate segment has traditionally been a significant part of the market, driven by demand for affordable housing, rising income levels, and government initiatives such as Pradhan Mantri Awas Yojana (PMAY) that promote affordable housing. The residential real estate ecosystem in the country has been robust with astounding sales records in 2022, witnessing a major real estate boom in Tier 2 and Tier 3 cities and continuing the growth momentum in hurly-burly of the global slowdown. The commercial real estate segment has also been on the rise, with a growing demand for office spaces from various industries, especially in IT hubs and business districts of major cities.

Mixed-use developments have gained significant traction as a new trend in the real estate sector, transforming the urban landscape and catering to the evolving needs and preferences of its residents. This trend reflects a growing shift towards creating integrated communities that combine residential, commercial, retail, and recreational spaces within a single development. According to a joint report, named as “India Real Estate: Vision 2047”, India’s real estate industry may expand to USD 5.8 trillion by 2047, which will contribute 15.5 percent to the GDP from the current share of 7.3 percent.

High return on investment

In recent years, the government has implemented several regulatory reforms to enhance transparency and protect homebuyers’ interests. The Real Estate (Regulation and Development) Act, 2016 (RERA) and the Goods and Services Tax (GST) are some of the significant reforms that have impacted the industry. India has been attracting foreign investment in its real estate sector, especially in commercial properties and infrastructure projects. Foreign investors see the potential for growth and returns in the Indian market. According to a recent industry report, India could see sales in the real estate to the tune of USD 1 trillion by 2030, contributing 13 per cent to the gross domestic product (GDP) by 2025.

According to the real estate experts, sentiment of Indian homebuyers has been positive because of a suitable market ecosystem. Also, a pause in RBI’s rising repo rate and dazzling domestic economic outlook will help the housing market sentiment buoyant. They are of the firm opinion that the fundamentals of the Indian economy as well as the dynamics of its market will keep the booming business of real estate industry rolling on despite global headwinds.

Robust housing demand

According to a recent report prepared jointly by Credai, Colliers, and Liases Foras, home price in India has increased 8 percent during January – March period of 2023 with Delhi-NCR registering a humongous surge of 16 percent, closely followed by Kolkata and Bengaluru with 15 percent and 14 percent year-on-year increase respectively. The tangible reason behind such a steep surge in home prices is said to be robust housing demand and consistent quality launches by high-end developers.

The Indian economy is on the cusp of becoming a world leader. Soaring urbanization, larger disposable incomes, and a rise in GDP per capita script a rosy picture for the real estate market in 2023. Despite sluggish trends in the global economy, India’s strong growth potential paves the way for the high demand for offices and commercial space in Tier 1 and Tier 2 cities. Catering to the needs of young growing India, the coworking sector — coworking is a situation that allows several workers from different companies to share an office space– as media report suggests, may cross 50 million sq ft by the end of the year 2023 that would be a year-on-year 15 percent surge.

Real estate builds up on strong economic conditions

The real estate market, as experts feel, appears bullish on the future of its economy in 2023, as India, now proudly holding the title of the world’s fastest-growing major economy, has achieved a remarkable 7.8 percent economic growth during its first quarter, surpassing even China. The residential and office market will be spurred by several factors like strong economic conditions, financial stability, GDP growth, healthy supply and demand dynamics, and regulatory framework. The RBI monetary policy, which kept repo rate unchanged, could have far-reaching significance for the home finance and real estate market.

Finance Minister Nirmala Sitharaman has underlined “Green Growth” as a priority. Several organizations are efficiently working on the concept of sustainable and green living. An increase in the allocation for the Pradhan Mantri Aawas Yojana (PMAY), earmarking around ₹ 79,000 crore for the flagship scheme, will boost the economy related to the housing sector.

Unlocking Doors: How PR Opens Real Estate Opportunities

The burgeoning real estate sector is currently entrenched in a landscape marked by intense market competition. As urbanization continues to drive demand for residential, commercial, and industrial spaces, real estate developers are engaged in a relentless battle for market share and consumer attention. Realtors do not leave a single stone unturned to build the brand image of their companies and remain ahead of others in the real estate market looking for the slightest competitive edge over others. In order to manage brands and build their reputation, real estate companies take help from Public Relations agencies. A successful PR campaign zooms out the image of the real estate company in the public domain.

Public relations (PR) plays a crucial role in the real estate industry, helping real estate companies and developers promote their projects. The efforts of Public Relations aim to build credibility and trust with the public, potential buyers, investors, and other stakeholders. This is achieved by showcasing the company’s track record, highlighting successful projects, and emphasizing transparent business practices.

PR professionals rescue during crisis

PR creates press releases, organizes press conferences, and pitches story ideas to journalists to secure media coverage for new projects, milestones, or industry trends. PR professionals in the real estate industry work with media outlets to generate positive coverage for their clients. Real estate companies sometimes face challenging situations or crises, such as negative media coverage, legal issues, or public controversies. PR professionals are responsible for managing and mitigating such crises, ensuring timely and accurate communication to protect the company’s reputation.

In today’s digital age, online reputation is critical. PR professionals monitor online conversations, respond to customer feedback, and manage social media accounts to maintain a positive online presence for the company. Real estate companies often organize events like property launches, open houses, or industry conferences. PR professionals plan and execute these events, inviting key stakeholders and media to create buzz and coverage around the projects.

Overall, public relations in the real estate industry is essential for creating a positive image, fostering relationships with stakeholders, and achieving business goals in a competitive market. It helps real estate companies stand out, attract buyers and investors, and navigate through various challenges and opportunities. A real estate company must meticulously choose the right PR professionals. PR serves as the master key that unlocks doors of opportunity in the real estate industry. It is the bridge that connects developers, investors, buyers, and communities. Through strategic communication, relationship building, and a deep understanding of market dynamics, PR professionals ensure that the doors to success remain wide open in this dynamic and competitive sector.

Ramakant Chaudhary works with PR Professionals as Content Head, and has formerly worked in various editorial roles with Financial Express, Mint (Hindustan Times Group), The Times Of India, Jagran Post (Dainik Jagran Group), The Pioneer, and The Political and Business Daily. He writes on politics, government policy, economy, infrastructure, real estate, social issues, lifestyle, and health

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Sustainability has become a buzzword and crucial consideration for individuals, businesses, governments, and organizations worldwide. Whether it is meeting between Modi and Biden in Washington DC, or class sessions in schools — the talk on climate change and environmental concerns inevitably comes out to save the Earth from the vagaries of nature and calamities. From green energy to green homes, environment sustainability has caught the attention of people in droves. The stand of consumers has changed diametrically as they are increasingly becoming conscious of climate change and its impact on the environment and society, seeking products and services that align with sustainability. Businesses that prioritize sustainability can attract and retain customers, build brand loyalty, and gain a competitive edge in the market. From real estate to railway and from hospital to hospitality, climate change-&-sustainability has taken centre-stage of discussion across the industrial spectrum.

Real estate donning green skyline

India’s real estate sector is undergoing a transformative shift towards sustainability and environmental consciousness. With the growing concern for climate change and the need for energy efficiency, green and sustainable homes are emerging as the future of the country’s real estate industry. These homes not only contribute to environmental conservation but also offer numerous economic and health benefits to residents. A green and sustainable building is considered to be environmentally sustainable to maintain the quality of the environment. It uses environmentally friendly and recycled building materials, focussing on efficient use of energy, water and construction materials. According to studies, green buildings could save up around 30 percent of energy and 50 percent of water.

Green buildings going for higher occupancy rates

In order to combat climate change and frequent nature’s catastrophe, millennials and youngsters are religiously batting for eco-friendly and sustainable projects. According to a study conducted by Colliers and the Royal Institution of Chartered Surveyors (RICS), developers have put spotlight on green real estate and high-performance buildings in the face of new inclination of buyers towards sustainable homes. As per the report, green buildings have witnessed higher occupancy rates and rental premiums. According to Leadership in Energy and Environmental Design (LEED), a US-based global building rating and certification system, the expansion of LEED certified buildings underlines a significant change in the attitudes of buyers in India. Delhi-NCR, especially Gurugram, is said to be the topmost LEED building growth place among other big cities such as Mumbai, Kolkata, Bengaluru, Chennai, Pune and Hyderabad.

Modi Govt’s initiatives and cascading impact on real estate

In a bid to ensure sustainable development and preserve the ecosystem, the Modi government has taken several initiatives and steps to tackle climate change and rise in temperature. The BJP-led ruling establishment at Centre has over the past nine years launched various schemes to address the challenges of climate change: Green Rating for Integrated Habitat Assessment (GRIHA), Green Credit programme, Green Hydrogen Mission, GOBARdhan, MISHTI, Amrit Dharohar among others. During India’s National Statement at CoP26, organised in Glasgow in October-November 2021, Prime Minister Narendra Modi announced a global call for Mission LiFE (Lifestyle for Environment). Aiming at youth around the world, who take climate initiatives aligned with the concept of LiFE, the Union Ministry of Environment last year launched the “In Our LiFEtime” campaign to encourage young population aged 18 to 23 year to become messengers of sustainable lifestyles. Such concerted efforts of the Modi government have created an ambience of sustainability in India which has had cascading impact on the real estate industry as well.  The government has encouraged, emphasized and incentivized sustainable home projects. Real estate experts say that the government initiatives promote sustainable housing practices and contribute to the rising demand for green homes.

What real estate players doing for sustainable homes

The government initiatives and growing awareness among people have driven the demands for green buildings. In line with the vision of the Modi government, developers have embraced the significance of green real estate, incorporating advanced technology to minimize environmental impact, innovative construction designs with zero emission, sustainable materials, and use of green energy. Builders, especially in Delhi-NCR, have started work with renewable energy sources such as wind energy and solar power. These efforts will lower carbon emissions and dependence on fossil fuels as well. They have also prioritised energy-efficient appliances and lighting systems to minimize greenhouse gas emissions. The Delhi-NCR real estate players have signified rainwater harvesting systems and waste water treatment plants to encourage water conservation. Green spaces, vertical gardens and rooftop gardens are featured in housing societies in Delhi-NCR. Real estate players have focussed on electric vehicle charging stations, bicycle lanes, community gardens, sustainable infrastructure and amenities. Such initiatives of builders have encouraged people to follow eco-friendly practices, and create community engagement towards the environment.

Green homes: Cost savings for homeowners

One of the primary reasons green and sustainable homes are gaining traction in India is the potential for long-term cost savings. While the initial investment may be higher, the operational costs of such homes are significantly lower. Energy-efficient technologies and renewable energy systems reduce electricity bills, water-efficient fixtures minimize water expenses, and better insulation lowers the need for heating and cooling, resulting in reduced utility costs for residents. Additionally, government incentives such as tax breaks and subsidies for green buildings further enhance the financial benefits for homeowners and developers, making sustainable homes a financially attractive option. Delhi-NCR homebuyers are of the firm view that the higher price of green homes could be redeemed with long-term cost savings on the maintenance of sustainable housing apartments.

Wrapping up of words

The future of India’s real estate sector lies in the adoption of green and sustainable homes. With their focus on environmental conservation, energy efficiency, cost savings, and improved quality of life, these homes offer a multitude of benefits to both residents, especially in Delhi-NCR, and the nation as a whole. The growing demand for eco-friendly living spaces coupled with government support through incentives and certifications are driving the transformation of the real estate landscape. By embracing green and sustainable practices, India can pave the way for a more sustainable and resilient future, setting an example for the rest of the world to follow. Gurgaon-based real estate honchos have played commendable roles to keep the momentum of sustainability going as the skyline in Gurugram is getting blurred in a green and sustainable ecosystem — harbinger of effort to save the earth.

-Ramakant Chaudhary

Ramakant Chaudhary works with PR Professionals as DGM-Content Development, and has worked in various editorial roles with Financial Express, Mint (Hindustan Times Group), The Times Of India, Jagran Post (Dainik Jagran Group), The Pioneer, and The Political and Business Daily. He writes on politics, government policy, economy, infrastructure, real estate, social issues, lifestyle, and health

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Affordable price

Although Tier 1 cities are clouded with 3-P: Population, Pollution, and Price, every dark cloud has a silver lining as people have shifted their spotlight from big cities to towns. The burgeoning populace from Delhi, Mumbai, and other metro cities now prefer to stay in smaller cities where infrastructure is laid with smart planning, prices are affordable, and places are more livable. As per a CBRE research report — ‘Tier-II cities: Coming of Age’– towns and small cities are poised to be the epicenter of new economic growth as they are riding the waves of infrastructure development, real estate landscape, quality of life, work environment, and sustainability. Domestic, global companies and investors want to establish their footprints in these markets.

Sustainability catches attention of global brand

Agra, Patna, Srinagar, Thane, Vadodara, Varanasi, Chandigarh, Jaipur, Kochi, Ahmedabad, Lucknow, Meerut, Dehradun, Indore, Bhubaneshwar, Visakhapatnam, Thiruvananthapuram, Malappuram, Coimbatore, Gwalior, Udaipur among others have become emerging markets for real estate players, developers, and investors as a growing tide of people is opting to settle in Tier 2 and 3 cities. As talents are not constrained to geographical boundaries, corporates are reported to be venturing into these small cities to get closer to the working force, which has opened the floodgate of job opportunities as well. Also, vis-a-vis climate changes and sustainability, Tier 2 and Tier 3 cities are considered to be more sustainable that attract the attention of domestic and global brands.

Migrant professionals heading to native

Tier 2 and 3 cities are contributing to the state and India’s GDP, and are all set to become the economic powerhouse of the country. The government’s spotlight on boosting infrastructure and connectivity has added economic boom in these small cities. Most of these cities have got their own designated special economic zones that will make them a potential place for employment. The tourism sector is also seen blooming in these small boroughs of the country. For example, Lucknow, Ludhiana, Kochi, and Amritsar have expanded their contours and they are now shining on the horizon of the country’s growth. As investments made in Tier 2 and Tier 3 cities give potential returns, they have become popular hubs for real estate. Capital appreciation and rental yields are said to be higher than those in bigger cities. Covid-19-induced Work-From-Home culture has created lots of latent demands in Tier 2 and 3 cities. The dynamic of hybrid work culture has made migrant professionals go closer to their native places in small cities, which has boosted demands in the local economy. This will spur developers to enter towns by rolling out quality projects.

Stable Indian economy  

In the coming time, India may witness a residential and commercial boom. In addition to metro cities, Tier 2 and Tier 3 cities could see a significant supply of housing projects. With efforts being put into the expansion of road, rail, and airports and widening the footprints of commercial clusters, the real estate sector finds potential markets in these locations as people love to own their dream houses. As a result, real estate developers look to leverage the buying power of people in these cities. Despite global economic turmoil owing to the Russia-Ukraine war and the cascading effect of the Covid-created lockdown, the economy of India remains a bright spot. Domestic resilience has made the Indian economy stable and competitive. The growth story of Tier 2 and 3 cities has played a pivotal role in this resilience.

– RAMAKANT CHAUDHARY

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Real estate experts are of the firm opinion that the fundamentals of the Indian economy as well as the dynamics of its market will insulate the country’s housing sector from the global economic slowdown. They are of the view that the sentiment of Indian homebuyers has been positive because of a suitable market ecosystem. Also, a pause in RBI’s rising repo rate and dazzling domestic economic outlook will help the housing market sentiment buoyant.

Housing demand

According to a recent report prepared jointly by Credai, Colliers, and Liases Foras, home price in India has increased 8 percent during January – March period of 2023 with Delhi-NCR registering a humongous surge of 16 percent, closely followed by Kolkata and Bengaluru with 15 percent and 14 percent year-on-year increase respectively. The tangible reason behind such a steep surge in home prices is said to be robust housing demand and consistent quality launches by high-end developers.

Real estate boom in small cities

If the cascading effect of the West slipping into recession and subsequently IT/ITeS companies tightening their budgets reach India, the commercial segment could have some bearing. However, the residential real estate ecosystem in India has been robust with astounding sales records in 2022. In the backdrop of Covid catastrophe that brought the world economy to its knees, the year 2022 witnessed a major real estate boom in Tier 2 and Tier 3 cities and continued the growth momentum in hurly-burly of the global slowdown.

Rosy real estate in 2023

The Indian economy is on the cusp of becoming a world leader. Soaring urbanization, larger disposable incomes, and a rise in GDP per capita script a rosy picture for the real estate market in 2023. Despite sluggish trends in the global economy, India’s strong growth potential paves the way for the high demand for offices and commercial space in Tier 1 and Tier 2 cities. Catering to the needs of young growing India, the coworking sector — coworking is a situation that allows several workers from different companies to share an office space– as media report suggests, may cross 50 million sq ft by the end of the year 2023 that would be a year-on-year 15 percent surge.

Strong economic conditions

The real estate market, as experts feel, appears bullish on the future of its economy in 2023. The residential and office market will be spurred by several factors like strong economic conditions, financial stability, GDP growth, healthy supply and demand dynamics, and regulatory framework. The RBI monetary policy, which kept repo rate unchanged, could have far-reaching significance for the home finance and real estate market.

Budgetary boost

For the real estate sector, the Union Budget 2023-24 is conducive in several ways. Finance Minister Nirmala Sitharaman has underlined “Green Growth” as a priority. Several organizations are efficiently working on the concept of sustainable and green living which implies a brighter future of sustainable infrastructure in the face of climate challenges.  An increase in the allocation for the Pradhan Mantri Aawas Yojana (PMAY), earmarking around ₹ 79,000 crore for the flagship scheme, will boost the economy related to the housing sector.

In India, real estate has always gravitated investors to grow their wealth. They find alpha opportunities in the investment in the real estate market. Going by careful calibration of market pulse and carrying due diligence, well-informed investors can potentially maximize their returns from the real estate market in the fiscal of 2023-24.

-RAMAKANT CHAUDHARY

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