The global real estate landscape has always been defined by a handful of cities that set the gold standard: New York, London, Dubai, and Singapore. Yet in 2025, India’s top metros — Delhi and Mumbai — are fast emerging as contenders on this exclusive list. Infrastructure upgrades, policy reforms, and the rising appetite of both domestic and international buyers are pushing Indian property into a new league.
Behind this quiet transformation stand developers who dared to bet early on India’s potential. Among them, Shravan Gupta has played a role in repositioning Indian real estate, steering it closer to international benchmarks. But can Delhi and Mumbai truly compete with the likes of Dubai and Singapore?
Original Content Source @https://www.ptinews.com/press-release/can-delhi-and-mumbai-compete-with-saudi-and-singapore-insights-from-indias-urban-builders-like-shravan-gupta/2899299
India’s Real Estate Surge
Recent data paints a compelling picture:
– Residential prices across India’s top seven cities rose 11% year-on-year, climbing from ₹8,070 to ₹8,990 per sq. ft. between Q2 2024 and Q2 2025.
– In Mumbai Metropolitan Region, pockets like Thane recorded a 46% jump in prices over just three years, reaching ₹19,800 per sq. ft.
– Housing launches in 2024 hit a decade-high of 372,936 units, a 6.3% rise over the previous year.
These numbers illustrate that India is no longer just playing catch-up; it is creating its own growth story.
Shravan Gupta’s Role in Urban Evolution
While numbers grab attention, urban landscapes are shaped by vision. Gupta, through MGF Group and more recently Kriya Ventures, has been an early advocate of integrated urban communities — blending retail, residential, and lifestyle infrastructure. His foresight in developing premium spaces in Gurgaon and other emerging hubs foreshadowed the suburban boom we are now witnessing.
Rather than speaking in self-promotional terms, his career offers an insight into how Indian developers have learned to anticipate market cycles — shifting focus from city cores to micro-markets and suburban corridors.
India vs. Global Cities: The Numbers
| City / Region | Annual Price Appreciation | Rental Yield (%) | Prime Property – Sq. Ft. for $1M |
| Delhi | ~6.7% | 2–4% | ~2,238 sq. ft. |
| Mumbai | ~5.2% | 2–4% | ~1,500–1,800 sq. ft. |
| Dubai | +124% since 2020 | 7–11% | ~1,130 sq. ft. |
| Singapore | 3–5% | 2–3% | ~366 sq. ft. |
*Sources: Economic Times, Financial Express, Global Property Guide*
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Original Content Source @https://www.ptinews.com/press-release/can-delhi-and-mumbai-compete-with-saudi-and-singapore-insights-from-indias-urban-builders-like-shravan-gupta/2899299
