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Sachin Gawri, founder and CEO of RISE Infraventures, shares insights into the real estate, especially the potential of the Delhi-NCR region.
Sachin Gawri, founder and CEO of RISE Infraventures.
The real estate landscape in Gurugram and the Dwarka Expressway region continues to expand, amid rising incomes, a robust local economy, and a growing preference for gated, amenity-rich communities. In an interview with news18.com, Sachin Gawri, founder and CEO of RISE Infraventures, shares insights into the potential of this region. He also said India’s real estate market is growing fast and 2025 will be a defining year in this journey. Edited excerpts:
How has India’s real estate market performed in 2024 across its key segments?
The year 2024 has been a landmark year for India’s real estate market. Speaking from a consultant’s perspective, what really stands out is the resilience and adaptability of the sector. On the residential side, the numbers speak for themselves. Over 225,000 units were sold in the first nine months of 2024, backed by 215,000 new launches. What’s exciting is the rise of the luxury segment—it now contributes 16% to sales, up from just 6% in 2019. It shows a shift in buyer preferences toward premium housing. Even retail, despite limited new additions, absorbed 4.5 million sqft, proving its resilience.
The performance of the office market has also been exceptional. Leasing activity hit record levels, with absorption projected to touch 70 million sqft by year-end. Global companies, particularly GCCs, have been key drivers, contributing up to 40 per cent of the total leasing — this highlights India’s growing appeal as a business destination. Investments have also been strong, with equity inflows likely reaching $10-11 billion this year. These trends show how robust the market is and why we remain optimistic about its future.
What is the outlook for India’s real estate market in 2025?
The year 2025 is shaping up to be an exciting year for real estate. With a projected CAGR of 9.2% over the next five years, the sector is poised for sustained growth. From what we’re seeing on the ground, there’s a growing emphasis on technology, sustainability, and evolving consumer preferences. Buyers today are more informed and are looking for smart, future-ready homes.
For investors, this is the perfect time to enter the market. Whether it’s premium housing, commercial spaces, or mixed-use developments, there are ample opportunities for capital appreciation. India’s real estate market is growing fast and 2025 will be a defining year in this journey.
What has contributed to the extraordinary price growth along Dwarka Expressway?
The growth along Dwarka Expressway has been nothing short of phenomenal. Prices have doubled — from around Rs 8,630 per sq. ft. in 2021 to Rs 17,357 in mid-2024. What’s driving this? Infrastructure. The inauguration of the elevated 19-km stretch of Dwarka Expressway has transformed connectivity between Gurugram and Delhi. Add to that the proximity to the airport and the development of economic hubs like DMIC, and it’s clear why this area is a hotbed for luxury real estate.
Another factor is the forward-thinking policies, like Haryana’s Transit-Oriented Development (TOD) initiative and the proposed metro extension. These projects are game-changers, not just for connectivity but for overall livability. Then there’s the role of NRI buyers — many of them see these properties as a mix of investment and lifestyle. This blend of strategic location, strong demand, and world-class infrastructure makes Dwarka Expressway an unparalleled investment choice.
How has Gurugram’s real estate market benefited from the rising demand for luxury housing?
Gurugram has always been a preferred destination, but what we’re witnessing now is next-level growth, especially in the luxury segment. Areas like the Southern Peripheral Road (SPR) and Dwarka Expressway have become prime locations for high-end residential projects.
The demand is being driven by a combination of rising incomes, a robust local economy, and a growing preference for gated, amenity-rich communities. NRIs, too, have played a big role. They view luxury homes here not just as residences but as high-potential investments. From our perspective, this trend isn’t slowing down. Gurugram is well-positioned to remain the hub for luxury living in the NCR.
Rise Infraventures is on track to achieve its ambitious Rs 4,000 crore sales target for FY24-25. What has contributed to this success?
Hitting that Rs 4,000 crore mark has been a goal we set for ourselves at the start of the financial year, and I’m thrilled to see us on track. What’s worked for us is a combination of market strategy and client-centricity. The luxury housing segment has been a big driver, and our team has done a fantastic job tapping into this demand.
We’ve also focused on expanding into new markets and launching innovative service verticals. Last year, we saw over a 100% growth in sales, which gave us the momentum to aim higher. But beyond the numbers, it’s the trust our clients place in us that makes all the difference. That’s the real success.
Can you elaborate on RISE Infraventures’ recent expansion efforts?
Expanding our footprint has been a crucial part of our strategy this year. We opened five new offices, including two in Mumbai, and increased our workforce by 55%. This growth allows us to serve our clients better and tap into emerging markets. We’ve also introduced new verticals like RISE International, which caters specifically to NRI clients, and RISE Homes, which focuses on the luxury segment.
These additions are designed to meet the evolving needs of our clients and solidify our leadership in the real estate sector. Ultimately, our goal is not just to grow as a company but to redefine what excellent service looks like in this industry. That’s what drives us every day.
