The document summarizes key trends in the Indian real estate market. Net absorption of office space increased in Q4'2020 and Q1'2021, with the top demand coming from the Central Business District and Secondary Business District in Gurgaon and Noida. PE/VC investments in Indian real estate grew from $4.1 billion in 2019 to $6.8 billion in 2020. Demand for commercial space in top 8 cities is expected to reach 39.3 million square feet by 2025, driven by a growing need for data centers. Government initiatives such as the Real Estate Regulatory Act and Goods and Services Tax have helped boost investment and formalize the industry.