Mr. Ankur Jalan, CEO, Golden Growth Fund (GGF), a category II Real Estate focused Alternative Investment Fund (AIF):
“Institutional investment crossing the $10 billion mark in 2025 marks a defining moment for the real estate sector. It reflects renewed investor confidence supported by improving macroeconomic stability, evolving demand, and the sector’s ability to deliver steady, risk-adjusted returns. Institutional capital is increasingly targeting high-quality assets, resilient income streams, and long-term growth opportunities. This milestone also signals a maturing market, where transparency, governance, and sustainability are becoming central to investment decisions. Overall, the scale of investment highlights real estate’s continued relevance as a core asset class in diversified institutional portfolios.”
—————————————————————————————————————–
Mr. Lalit Parihar, MD, Aaiji Group, a Dholera-based real estate company
The year 2025 has been a mixed one for India’s real estate sector. While most top metropolitan markets witnessed a moderation in housing sales and new launches—largely due to elevated home prices, selective buyer sentiment and cautious investor behaviour—several cities in Gujarat stood out for their sustained performance. Markets such as Ahmedabad, Vadodara, Surat and Gandhinagar continued to show resilience, supported by relatively better affordability, steady growth in white-collar employment, rising demand from both local and migratory populations, strong corporate investment inflows and accelerated infrastructure development.
Among the key catalysts shaping Gujarat’s real estate has been the emergence of Dholera as one of India’s most closely watched real estate and industrial destinations and the announcement of Ahmedabad as a host city for the upcoming Commonwealth Games. These two factors have significantly strengthened long-term growth expectations for the state’s property markets.
Some of the infrastructure and industrial projects like Ahmedabad–Dholera Expressway, upcoming Dholera International Airport, infrastructure spending linked to the Commonwealth Games, robust pipeline of investment commitments in Dholera estimated at around ₹3.3 lakh crore including the ₹91,000-crore semiconductor fabrication facility by the Tata Group, along with significant investments in logistics, power and allied infrastructure, continued expansion of employment-generating industries, is expected to spur migration, further deepen the region’s economic base and create a strong foundation for long-term real estate demand.
Investor interest in Dholera’s real estate market, particularly plots, has been noteworthy, with participation extending beyond Gujarat to NRIs and buyers from North Indian markets such as Delhi-NCR, Punjab and Haryana. The heightened demand is reflected from the fact that land prices in the region have reportedly increased nearly ten-fold over the past decade. There is strong demand for plots within Dholera Smart City RERA-approved plotting projects as well as in surrounding villages like Rojka, Kamiyala, and Shela. Demand in these villages is particularly high.
As industrial and infrastructure projects move closer to operationalisation over the next few years, Gujarat’s urban markets – and Dholera in particular – appear well-placed to enter the next phase of sustained, end-user-led real estate growth.
—————————————————————————————————————–
Mr. Vijay Harsh Jha, founder and CEO of property brokerage firm VS Realtors
The year has been marked by the resilience shown by real estate developers. Despite a dip in sales and new launches over the past two years, there is little cause for concern. Homebuyers continue to gravitate toward developers with a proven ability to execute projects, generate returns, and create long-term capital value. The groundwork for a strong upturn is clearly visible, driven by robust domestic consumption and supported by policy measures such as GST rationalisation, income tax cuts, low-interest rate regime amid falling inflation. These factors are expected to strengthen buyer sentiment and liquidity, paving the way for a positive 2026. Markets like Gurugram are well positioned to lead this upward momentum, supported by infrastructure growth, end-user demand, and sustained investor interest.