Average deal size in commercial market up by over 10% in 2024: Knight Frank India
3 days, 3 hours ago

Average deal size in commercial market up by over 10% in 2024: Knight Frank India

Live Mint  

New Delhi, : The average deal size for the commercial market across the leading eight markets in the country has increased by 10.24 per cent, from 37,976 square feet in 2023 to 41,867 sq ft in 2024, according to Knight Frank India. The surge in average deal size is a reflection of the growing demand for higher-quality office spaces with a greater occupier commitment to lease tenure and investment in the workspace during the year 2024. The report observed that in the last year, Hyderabad has observed the highest average deal size for office spaces across eight cities in the country at 70,535 sq ft. The highest growth in percentage terms was observed in Mumbai's commercial market, where the average deal size has expanded by 54.59 per cent YoY in 2024.

India Hyderabad Market 2024 Average Deal Size Office Spaces Commercial Market  ft  average  commercial  deal  office  2024  spaces  market  size  frank  sq  india  report  knight  observed

History of this topic

Hyderabad leads office space deals with largest average size in 2024: Knight Frank India
3 days, 17 hours ago

Hyderabad leads office space deals with largest average size in 2024: Knight Frank India

The Hindu  

Hyderabad has emerged as the top city in India for average office space deal size in 2024, recording 70,535 square feet per transaction. This marks a 10.13% increase from 2023, when the average deal size stood at 64,042 square feet, according to a recent report by Knight Frank India. Bengaluru secured the second spot in the rankings, with an average …

Year-ender 2024: Residential transactions cross 5.7 lakh mark, property prices jump 60% in 5 years
2 weeks, 1 day ago

Year-ender 2024: Residential transactions cross 5.7 lakh mark, property prices jump 60% in 5 years

Hindustan Times  

The Indian residential sector clocked 5.77 lakh property transactions in 2024, up by 4% from 5.56 lakh in 2023. Mumbai recorded the highest number of residential transactions worth ₹1.6 lakh crore with over 1.3 lakh units. Bengaluru and Pune followed with ₹0.6 lakh crore of residential transactions with 0.8 lakh and 1 lakh units, respectively. Western India dominated residential transactions …

Housing sales volume falls 4 pc in 2024 in top 7 cities; value up 16 pc to ₹5.68 lakh cr: Anarock
2 weeks, 6 days ago

Housing sales volume falls 4 pc in 2024 in top 7 cities; value up 16 pc to ₹5.68 lakh cr: Anarock

Live Mint  

New Delhi, Dec 26 Housing sales are estimated to fall 4 per cent this year in seven major cities to nearly 4.6 lakh units on lower launches, while sales in value terms are up 16 per cent to ₹5.68 lakh crore, according to Anarock. Real estate consultant Anarock on Thursday released its housing market data, showing a marginal 4 per …

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report
1 month, 1 week ago

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report

ABP News  

India saw the sale of 2.3 lakh homes valued at Rs 3.8 trillion in the first nine months of 2024, with an average sale price of Rs 1.64 crore per apartment, driven mainly by premium projects, particularly in Delhi NCR, according to global real estate consultancy firm JLL. “With capital values surging and being at an all-time high, close to …

Year-ender 2024: Housing sales across 7 cities including Delhi NCR, Mumbai, Bengaluru expected to touch 3.05 lakh units
1 month, 1 week ago

Year-ender 2024: Housing sales across 7 cities including Delhi NCR, Mumbai, Bengaluru expected to touch 3.05 lakh units

Hindustan Times  

Housing sales across the top seven cities- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad - are expected to touch 3.05 lakh on the back of increase in demand. Year-ender 2024: Housing sales across the top seven cities- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad - are expected to touch 3.05 lakh on the back of increase in demand. …

Demand for retail space in malls, high streets in top 8 cities up nearly 5pc in Jan-Sep: C&W report
1 month, 2 weeks ago

Demand for retail space in malls, high streets in top 8 cities up nearly 5pc in Jan-Sep: C&W report

Live Mint  

New Delhi, Nov 30 Leasing of retail space in shopping malls and prominent high streets rose nearly 5 per cent during January-September this year across eight major cities, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield data showed that the absorption or leasing of retail space in Grade-A malls and main high streets across the top eight …

Average Home Prices In Top 7 Cities Hit Rs 1.23 Crore, Anarock Data Reveals
1 month, 3 weeks ago

Average Home Prices In Top 7 Cities Hit Rs 1.23 Crore, Anarock Data Reveals

ABP News  

Average ticket size of homes sold in the top seven cities in India touched Rs 1.23 crore in the first half of the 2024-25 fiscal year, in comparison to Rs 1 crore in the same period a year earlier. The data showed that average ticket size climbed to Rs 1.21 crore in Bengaluru in H1FY25, in comparison to Rs 0.84 …

India’s Real Estate Market: A $10 Trillion Powerhouse by 2047
3 months, 3 weeks ago

India’s Real Estate Market: A $10 Trillion Powerhouse by 2047

The Hindu  

According to CREDAI and Collier’s research, India’s real estate market is expected to rise by many times to $5-7 trillion by 2047. The research also claims that India’s real estate market would grow beyond the country’s major cities and into many tier-2 and tier-3 cities. CREDAI member’s views: According to Boman Irani, President of CREDAI National, “We are on the …

Office market touches 34.7 mn sq ft transactions in H1 2024; may double by year end on the back of demand from IT firms
6 months, 1 week ago

Office market touches 34.7 mn sq ft transactions in H1 2024; may double by year end on the back of demand from IT firms

Hindustan Times  

Office space market across the top eight cities in India recorded its highest ever transaction volume in a half yearly period at 34.7 million square feet in H1 2024. Vacancy rate reduced to 15.6% The office market witnessed 25.1 mn sq ft of space completions in H1 2024. Though GCC recorded a mark-up in its share, India Facing Business continued …

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline
6 months, 1 week ago

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline

Hindustan Times  

Housing sales hit an 11-year high with 1.73 lakh units sold across the top eight Indian cities. NCR and Mumbai accounted for almost half of premium category sales in H1 2024, a new report by Knight Frank India showed. Home sales surged by 11% YoY to touch 1.73 lakh units sold across the country’s top eight markets in H1 2024, …

Retail leasing expected to be firm in 2024, to touch 6-6.5 mn sq ft by year end; Tier-II markets to attract new brands
9 months ago

Retail leasing expected to be firm in 2024, to touch 6-6.5 mn sq ft by year end; Tier-II markets to attract new brands

Hindustan Times  

Retail leasing is expected to sustain between 6 to 6.5 mn sq ft in 2024 fueled by leasing activity across malls and high streets with Hyderabad, Bengaluru and Delhi likely to account for maximum share, a report by CBRE titled ‘2024 India Market Outlook’ has said. Retail leasing is expected to sustain between 6 to 6.5 mn sq ft in …

Office market net absorption in Q1 2024 at 11.5 mn sq ft across top 8 cities
9 months, 2 weeks ago

Office market net absorption in Q1 2024 at 11.5 mn sq ft across top 8 cities

Hindustan Times  

Despite global headwinds, the Indian office market continues its positive trajectory, registering a net absorption of 11.5 mn sq ft across top eight cities in Q1 2024, according to Cushman & Wakefield’s Q1 office data. A significant contribution to Bengaluru’s healthy leasing volume was 4.8 mn sq ft of fresh leasing activity, and the city accounted for 33% of total …

Leasing demand for manufacturing space up; expected to touch around 16 million sq ft by 2024: JLL
10 months ago

Leasing demand for manufacturing space up; expected to touch around 16 million sq ft by 2024: JLL

Hindustan Times  

Leasing demand for manufacturing space has increased and is projected to touch approximately 16 million sq ft by the end of 2024, JLL India said in a report. Leasing demand for manufacturing real estate space has increased and is projected to touch approximately 16 million sq ft by the end of 2024, JLL India said in a report. In its …

New supply of retail space expected to increase by 45% by 2028: Report
11 months, 1 week ago

New supply of retail space expected to increase by 45% by 2028: Report

Hindustan Times  

New supply of retail real estate space is expected to increase by 45% from the current 91 mn sq ft across seven major cities by 2028 as developers expand their retail footprint, a new report by JLL said on February 7. New supply of retail real estate space is expected to increase by 45% from the current 91 mn sq …

Industrial & Logistics leasing in MMR touches high of 9.9 mn sq ft: report
11 months, 3 weeks ago

Industrial & Logistics leasing in MMR touches high of 9.9 mn sq ft: report

Hindustan Times  

Mumbai: The Mumbai Metropolitan Region touched an all-time high of 9.9 million square feet in Industrial & Logistics leasing in 2023, with the July-December half of this year contributing 5.3 million square feet, said the findings of ‘CBRE Industrial & Logistics Figures H2 2023’, a report by leading real estate consulting firm CBRE South Asia Pvt Ltd. HT Image Third-party …

Housing sales for Delhi-NCR cross ₹50,000 crore mark
1 year, 1 month ago

Housing sales for Delhi-NCR cross ₹50,000 crore mark

Hindustan Times  

Housing sales across the top seven markets in India saw a massive boost this year, registering more sales in the first nine months of 2023 than in 2022 in its entirety, real-estate consultancy firm Anarock said in a report released on Thursday. According to Anarock, the top 7 cities in India saw inventory worth ₹3.48lakh crore sold in the first …

Mumbai, Delhi & Bengaluru among cities with highest annual rise in property rates
1 year, 2 months ago

Mumbai, Delhi & Bengaluru among cities with highest annual rise in property rates

Hindustan Times  

The year-on-year growth in average annual prices of prime residential or luxury homes in three Indian cities was among highest in the world, with each city ranking in top 20 out of 46 cities analysed by real estate consultant Knight Frank India in its ‘Prime Global Cities Index’ for Q3 2023. Higher rates mean we have moved into a world …

Indian real estate market size estimated to jump over 12-fold to USD 5.8 trillion by 2047: Report
1 year, 4 months ago

Indian real estate market size estimated to jump over 12-fold to USD 5.8 trillion by 2047: Report

Hindustan Times  

The size of the Indian real estate sector is estimated to jump more than 12-fold to USD 5.8 trillion by 2047 from USD 477 billion last year and will contribute over 15 per cent to the total economic output of the country, according to Naredco-Knight Frank report. "India's real estate sector is expected to expand to USD 5.8 trillion or …

Hyderabad ranks fifth in total residential unit sales: Knight Frank
2 years ago

Hyderabad ranks fifth in total residential unit sales: Knight Frank

The Hindu  

The city of Hyderabad stands fifth out of eight cities in terms of total residential units being sold in India from January to December 2022. Knight Frank India in its report said that a total of 31,046 residential units were sold in Hyderabad in 2022. The office sector in India saw a strong recovery in demand despite the geopolitical changes, …

India's residential real estate sales at 9 year-high in 2022: Knight Frank
2 years, 6 months ago

India's residential real estate sales at 9 year-high in 2022: Knight Frank

Hindustan Times  

India's residential real estate segment has recorded a 9-year high in terms of sales volume during the first half of 2022, said London-headquartered global property consultancy firm Knight Frank. During January-June 2022, launches of new housing units recorded a growth of 56 per cent year-on-year at 160,806 units. The residential space saw an annual growth of 60 per cent during …

Delhi-NCR, Mumbai, Chennai, Kolkata: Average apartment sizes shrink in top cities
5 years, 3 months ago

Delhi-NCR, Mumbai, Chennai, Kolkata: Average apartment sizes shrink in top cities

India TV News  

As builders seek to reduce apartment sizes to boost affordability, the average area of residential flats has shrunk 27 per cent over the past five years in seven major cities, but dimensions in the NCR region have fallen merely six per cent, according to Anarock. The property consultant said, the average apartment sizes in the top seven cities - Mumbai …

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