Property registrations in Mumbai rose 11% to 8,628 units in September: Report
2 years, 2 months ago

Property registrations in Mumbai rose 11% to 8,628 units in September: Report

Live Mint  

In spite of rising home costs and borrowing costs, registration of properties in Mumbai jumped 11% last month to 8,628 units, the highest level for September in the previous 10 years, according to a study released today by Knight Frank India, a renowned international property consultant. In September 2022, there were 8,628 property sale registrations in Mumbai city, compared to 7,804 units in the same month last year and 8,552 units the month before, according to a statement from Knight Frank India. Shishir Baijal, Chairman and Managing Director, Knight Frank India said, “The consistent growth in leasing volumes along with stable to growing rents depicts the strength of the office market. The momentum seen in the year so far points at annual volumes that could match the record levels seen in 2019.” From sector-wise transaction split in Q3 2022, the Other Services sector companies were the most active followed by those from the Information Technology sector accounting for 29% and 23% of the transacted space during Q3 2022 respectively, said Knight Frank India in its Real Estate Update report.

India Space Bengaluru Mumbai Market Office Month Sector Ncr Yoy Transaction Transaction Volumes Knight Frank India Volumes Baijal 2022 Report  transaction  office  month  8628  mumbai  volumes  rose  sector  2022  report  market  yoy  property  11  q3  units  space  registrations

History of this topic

Housing sales in Dec qtr to fall 21 pc in top 9 cities; demand up 25 pc in NCR: PropEquity
3 days, 3 hours ago

Housing sales in Dec qtr to fall 21 pc in top 9 cities; demand up 25 pc in NCR: PropEquity

Live Mint  

New Delhi, Dec 21 Housing sales are estimated to fall 21 per cent annually across nine major cities during October-December period to 1.08 lakh units on high base effect, according to PropEquity. Housing sales are estimated to fall in Hyderabad by 47 per cent to 12,682 units during October-December 2024 from 24,044 units in the year-ago period. In Bengaluru, sales …

Year-ender 2024: Office space leasing expected to touch 85 million square feet this year
1 week ago

Year-ender 2024: Office space leasing expected to touch 85 million square feet this year

Hindustan Times  

The year 2024 is likely to register 83-85 mn sq ft of gross leasing of office space across eight major cities, which will be an almost 13% increase compared to the peak volume of 2023, a report by Cushman and Wakefield said. Since 2022, India’s office real estate has consistently witnessed more than 70 million square feet of gross leasing …

Office leasing by Global Capability Centres in Chennai to touch 3.2 mn sq ft by 2025: CBRE
3 weeks, 5 days ago

Office leasing by Global Capability Centres in Chennai to touch 3.2 mn sq ft by 2025: CBRE

Hindustan Times  

Office leasing by Global Capability Centres in Chennai is expected to touch 3.2 mn sq ft by 2025 on the back of growing infrastructure, proactive state government policies, and quality office developments that are aligned to meet the needs of global corporates, a report by CBRE has said. Office leasing by Global Capability Centres in Chennai is expected to touch …

Retail leasing touches 1.6 mn sq ft in the third quarter of 2024; High street rentals see growth of 15% YoY in Q3 2024
1 month, 2 weeks ago

Retail leasing touches 1.6 mn sq ft in the third quarter of 2024; High street rentals see growth of 15% YoY in Q3 2024

Hindustan Times  

Retail leasing of 1.6 mn sq ft was recorded in the third quarter of 2024 with Hyderabad, Delhi NCR, and Mumbai leading the volume. According to the Cushman & Wakefield Q3-2024 Retail MarketBeat Report, high streets dominated the leasing landscape, accounting for a 68% of the total 1.6 million square feet leased this quarter, with Hyderabad, Delhi-NCR, and Chennai accounting …

Renting Crisis Grips Cities, Pushing Up Property Prices
1 month, 3 weeks ago

Renting Crisis Grips Cities, Pushing Up Property Prices

The Hindu  

The cost of renting homes has shot up by 26-67 percent in the last three years in key micro markets in India’s seven biggest cities. This is having an increasingly larger impact on the current incomes of the population that rents. The sharp increase in the high cost of renting is having an increasingly larger impact on the current incomes …

Mumbai Emerges As The Most Expensive Market, While Bengaluru and Delhi NCR See Slowdown
1 month, 3 weeks ago

Mumbai Emerges As The Most Expensive Market, While Bengaluru and Delhi NCR See Slowdown

ABP News  

Rents for office spaces in major cities have soared past pre-pandemic levels, with Mumbai emerging as the most expensive market. The weighted average quoted office rental in Mumbai touched Rs 151.60 per square foot per month during the July-September quarter, up 6 per cent from 2019. However, industry experts expressed concerns regarding the slump in growth in certain key markets …

Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand
2 months, 4 weeks ago

Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand

Hindustan Times  

The July-September quarter of 2024 recorded a 31% year-on-year growth in office leasing, pushing the tally to 17.3 million square feet across the top six cities, a report by property consultancy Colliers said on September 26. Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand Bengaluru and …

Bengaluru leads in large office space leasing, transaction volumes touch 4.5 mn sq ft in H1 2024
3 months, 1 week ago

Bengaluru leads in large office space leasing, transaction volumes touch 4.5 mn sq ft in H1 2024

Hindustan Times  

Transactions for office spaces above 100,000 sq ft recorded a substantial YoY growth of 54% in the first half of calendar year 2024 from 10.18 mn sq ft in H1 2023 to 15.69 mn sq ft in H1 2024. Bengaluru’s large office spaces contributed 53% to the city’s total commercial transaction volumes, amounting to 4.5 million sq ft followed by …

Bengaluru and Mumbai drive leasing of green-certified buildings, account for over 50% share in Q2 2024
4 months, 1 week ago

Bengaluru and Mumbai drive leasing of green-certified buildings, account for over 50% share in Q2 2024

Hindustan Times  

Bengaluru and Mumbai accounted for more than 50% share of the total 13 mn sq ft of office space leased in green-certified buildings in the top six cities in the second quarter of 2024, according to a report by Colliers. Bengaluru and Mumbai accounted for more than 50% of the total 13 mn sq ft of office space leased in …

Hyderabad Office Space Market Takes Flight: 5 Million Square Feet Leased in H1 2024
4 months, 4 weeks ago

Hyderabad Office Space Market Takes Flight: 5 Million Square Feet Leased in H1 2024

The Hindu  

Hyderabad office space market is trending very high, all set to draw more demand from national and international companies. According to the report in Hyderabad Office Space Market, the IT-BPM industry remained on the top with a 36 % market share in gross leasing whereas BFSI took a rapid growth with 29 % shares of the total leasing space in …

Bengaluru tops housing sales and launches pan India in Q2 2024, ₹1-3 crore homes capture 63% of new launches
4 months, 4 weeks ago

Bengaluru tops housing sales and launches pan India in Q2 2024, ₹1-3 crore homes capture 63% of new launches

Hindustan Times  

Bengaluru has emerged as the premier residential real estate market in India with 18,548 housing units sold and 16,537 homes launched during the April-June period of the ongoing calendar year, according to JLL Research. Bengaluru tops housing sales and launches pan India in Q2 2024 The IT capital accounted for approximately 21% of the total residential launches and around 23% …

Mumbai real estate: Rental registrations up by 13% in H1 2024, as per Maharashtra IGR data
5 months ago

Mumbai real estate: Rental registrations up by 13% in H1 2024, as per Maharashtra IGR data

Hindustan Times  

A total of 1.90 lakh rental agreements, also known as leave and license agreements, were registered in Mumbai’s real estate market in the first six months of 2024 - a 13% increase from 1.67 lakh rent agreements registered during the same period in 2023. A total of 1.90 lakh rental agreements, also known as leave and license agreements, were registered …

Mumbai’s luxury housing sales up by 8% in H1 2024; touch ₹12,300 crore: Report
5 months, 1 week ago

Mumbai’s luxury housing sales up by 8% in H1 2024; touch ₹12,300 crore: Report

Hindustan Times  

Mumbai saw sales of luxury homes, priced ₹10 crore and above, touch ₹12,300 crore during the January to June period which was an 8% increase over the first half of the 2023 calendar year, according to a report by India Sotheby's International Realty and CRE Matrix. Mumbai’s luxury housing sales grew 8% in H1 2024 to touch ₹ 12,300 crore …

Bengaluru’s office space stock to become highest in India by 2030
5 months, 1 week ago

Bengaluru’s office space stock to become highest in India by 2030

The Hindu  

Bengaluru office stock is set to touch 330-340 million sq. Technology, Engineering & Manufacturing, and BFSI sectors are expected to be primary demand drivers, while life sciences, aviation, and automobile are likely to be emerging drivers, according to the analysis. Technology, engineering & manufacturing and BFSI sectors are expected to be the main demand drivers of office space while life …

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
5 months, 2 weeks 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 …

Office leasing across top 9 cities touches 32.8 mn sq ft in Jan-June; Bengaluru leads office leasing at 8.5 mn sq ft
5 months, 2 weeks ago

Office leasing across top 9 cities touches 32.8 mn sq ft in Jan-June; Bengaluru leads office leasing at 8.5 mn sq ft

Hindustan Times  

Office leasing touched 32.8 mn sq ft during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE South Asia Pvt. ft. during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE Bengaluru led office space absorption, accounting for about one-fourth of the total leasing …

Office leasing touches 33.5 mn sq ft in the first half of the year, up by 29%: JLL
5 months, 2 weeks ago

Office leasing touches 33.5 mn sq ft in the first half of the year, up by 29%: JLL

Hindustan Times  

Office leasing was up by 29% to touch 33.5 mn sq ft in the first half of the year. Office leasing touches 33.5 mn sq ft in the first half of the year, up by 29%: JLL Office demand across seven major cities hit an all-time high in the first half of this calendar year with gross leasing of 33.54 …

Top Indian Cities See 50% Drop In Rental Growth As Housing Supply Rises
6 months ago

Top Indian Cities See 50% Drop In Rental Growth As Housing Supply Rises

News 18  

With more supply hitting the top 7 cities’ markets, overheated housing rents are stabilising. Latest Anarock data shows that average residential rental prices across key markets in these cities saw a 2-4% quarterly rise in Q2 2024 to date over the preceding quarter. Sohna Road and Dwarka saw their respective quarterly rents increase by 3% and 2% in Q2 2024; …

Leasing by Global Capability Centres in India increases by 17%; touches 22.5 mn sq ft in FY 2023-24
6 months, 3 weeks ago

Leasing by Global Capability Centres in India increases by 17%; touches 22.5 mn sq ft in FY 2023-24

Hindustan Times  

Leasing by Global Capability Centres increased by around 17% Y-o-Y in FY 2023-24 compared to FY 2022-23, touching 22.5 mn sq ft in FY 2023-24 as compared to 19.2 mn sq ft in FY 2022-23. Leasing by Global Capability Centres increased by around 17% Y-o-Y in FY 2023-24 compared to FY 2022-23 touching 22.5 mn sq ft in FY 2023-24 …

Mumbai records more than 11,500 property registrations in April 2024; ₹1,043 crore collected in stamp duty
7 months, 3 weeks ago

Mumbai records more than 11,500 property registrations in April 2024; ₹1,043 crore collected in stamp duty

Hindustan Times  

As many as 11,504 units were registered in Mumbai in April 2024 up by 9% year-on-year, adding over ₹1,043 crore to the state exchequer. As many as 11,504 properties were registered in Mumbai in April 2024 up by 9% year-on-year, adding over ₹ 1,043 crore to the state exchequer. Revenue collection in April 2024 records best for the month of …

Office leasing records 16.7 mn sq ft in Q1 2024, witnessing a 20% growth y-o-y
7 months, 4 weeks ago

Office leasing records 16.7 mn sq ft in Q1 2024, witnessing a 20% growth y-o-y

Hindustan Times  

Despite global uncertainties stemming from uneven economic scenarios and geopolitical tensions, the first quarter of 2024 witnessed office leasing activity of 16.7 mn sq. ft in India, a 20% increase year-on-year even as office space absorption across India’s six major cities is likely to register around 61 mn sq ft in 2024, according to international real estate advisory firm Savills …

Office market net absorption in Q1 2024 at 11.5 mn sq ft across top 8 cities
8 months, 3 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
9 months, 1 week 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 …

Mapping India’s office spaces
9 months, 2 weeks ago

Mapping India’s office spaces

The Hindu  

While most investors look at factors like vacancy in the market, the historical rent growth and rentals of comparable assets, I have seen that even the most seasoned of investors miss out on taking a look at the upcoming supply in the market — which is the only verifiable forward-looking metric in real estate analysis. Business-as-usual in Bengaluru As India’s …

Mumbai Sees 23% Fall In New Office Space Supply Last Year, Numbers May Rise This Yr: Vestian
10 months, 2 weeks ago

Mumbai Sees 23% Fall In New Office Space Supply Last Year, Numbers May Rise This Yr: Vestian

News 18  

Mumbai has witnessed a 23 per cent fall in new supply of office space last year to 2.7 million square feet mainly as developers focused less on this asset class in the past few years anticipating fall in demand because of the COVID pandemic, according to Vestian. Real estate consultant Vestian noted that a surge in housing demand over the …

Over 10,900 properties registered in Mumbai in Jan 2024, up 21% YoY
10 months, 3 weeks ago

Over 10,900 properties registered in Mumbai in Jan 2024, up 21% YoY

Hindustan Times  

Mumbai city is projected to witness registration of 10,901 properties in January 2024 on the back of strong residential demand, contributing to a revenue of ₹746 crore for the state government. Mumbai city is projected to witness registration of 10,901 properties in January 2024 on the back of strong residential demand, contributing to a revenue of ₹ 746 crore for …

Registration of properties in Pune up by 10% in 2023 amid higher demand: Report
11 months, 1 week ago

Registration of properties in Pune up by 10% in 2023 amid higher demand: Report

Hindustan Times  

Property registrations in Pune for the period of January to December 2023 reached a total of 152,323 marking a 9.6% increase compared to the previous peak year. Increase in purchase of properties more than ₹ 1 crore in December 2023 In December 2023, residential units priced between ₹50 lakh and ₹1 crore were the most sought-after, comprising 34% of all …

Office space demand up 15% in top 8 cities; Bengaluru sees 14% fall in leasing: Report
11 months, 2 weeks ago

Office space demand up 15% in top 8 cities; Bengaluru sees 14% fall in leasing: Report

Hindustan Times  

Leasing of office space rose by 15 per cent across eight major cities last year, despite a decline in demand in Bengaluru, the largest workspace market, according to Knight Frank. Data showed that office demand grew 15 per cent annually to 59.6 million square feet in 2023, despite global economic and geopolitical concerns. The data showed that office demand grew …

Housing Sales in 7 Cities Rise 31% to 4.76 Lakh Units
11 months, 3 weeks ago

Housing Sales in 7 Cities Rise 31% to 4.76 Lakh Units

Deccan Chronicle  

Chennai: Housing sales in the top 7 cities have created a new peak in 2023, increasing 31 per cent over the previous year. Around 4.76 lakh housing units were sold in 2023 in the top 7 cities, against 3.64 lakh units in 2022, a 31 per cent increase. In terms of supply, around 4.45 lakh new units were launched in …

Housing sales makes new peak in 2023
11 months, 3 weeks ago

Housing sales makes new peak in 2023

Deccan Chronicle  

Chennai: Housing sales in the top 7 cities have created a new peak in 2023, increasing 31 per cent over the previous year. Around 4,76,530 housing units were sold in 2023 in the top 7 cities, against 3,64,870 units in 2022 – 31 per cent increase. In terms of supply, around 4,45,770 new units were launched in 2023 against 3,57,640 …

Unravelling opportunities
1 year, 1 month ago

Unravelling opportunities

The Hindu  

A joint industry report by CREDAI and CRE Matrix stated that high-quality office space in India’s top six cities had already surpassed 700 million sq.ft. As per a study by NASSCOM, operating costs of offices in tier-2 cities in the U.S. are as high as seven times the cost in Bengaluru, India’s largest office market. Lastly, India’s share of the …

Hyderabad absorbs 3.1 million sqft office space in July-Sept. quarter: CBRE
1 year, 2 months ago

Hyderabad absorbs 3.1 million sqft office space in July-Sept. quarter: CBRE

Deccan Chronicle  

Hyderabad: Hyderabad stood among the top three cities dominating office space leasing in July-September and recorded 3.1 million sq ft of office space absorption, with a 261 per cent year-on-year increase. Key transactions during the quarter included Bristol Myers Squibb, The Executive Centre, Pinnacle Reliability, according to CBRE India office figures Q3 2023 report. On a pan-India basis, office leasing …

Hyderabad to Add All-time High Office Space of 21.5 Mn Sq. Ft in '24 Fiscal
1 year, 3 months ago

Hyderabad to Add All-time High Office Space of 21.5 Mn Sq. Ft in '24 Fiscal

Deccan Chronicle  

HYDERABAD: Hyderabad’s real estate boom is set to get bigger, with the 2024 financial year set to see an addition of about 21.5 million square feet of office space, an all-time high. Icra said Hyderabad saw a healthy net absorption in the 2022 and 2023 fiscals, post-Covid-19 lockdowns, backed by good deal traction in new leases, offices resuming and a …

In charts: Factors impacting office space demand
1 year, 5 months ago

In charts: Factors impacting office space demand

Live Mint  

The demand for office space in India is buffeted by two different forces: return-to-office mandates and concerns around hiring due to global economic uncertainties. While economic uncertainty has lowered the demand for office space, one form that is becoming popular across cities is the flexible office space. Demand drop In 2022, the demand for office space jumped by almost 53% …

Hyderabad sees about 800% growth in luxury residential segment in Q1 of 2023
1 year, 7 months ago

Hyderabad sees about 800% growth in luxury residential segment in Q1 of 2023

Deccan Chronicle  

HYDERABAD: The luxury residential segment witnessed continued momentum in sales and launch activity. According to a report ‘India Market Monitor Q1 2023’ released by real estate consulting firm CBRE South Asia, Delhi-NCR, Mumbai, Hyderabad, Pune and Kolkata saw the maximum traction for high-end units. Sales in Delhi-NCR surged by over 216%, Mumbai by 44%, Hyderabad by about 800%, Kolkata by …

Real Estate: Office Space Absorption Rises 16% QoQ to 14 million Sqft in January-March 2023, Says Report
1 year, 7 months ago

Real Estate: Office Space Absorption Rises 16% QoQ to 14 million Sqft in January-March 2023, Says Report

News 18  

Office space absorption in India’s six major cities rose 16 per cent QoQ to 14 million sqft in the first quarter of 2023. However, the YoY gross absorption comparison indicates an 11 per cent decline owing to global economic pressures, according to the latest report by international real estate advisory firm Savills India. Additionally, the office space witnessed a 23 …

Hyderabad ranks fifth in total residential unit sales: Knight Frank
1 year, 11 months 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, …

2022: the year that was
2 years ago

2022: the year that was

The Hindu  

After the initial COVID-19 pandemic wave and the ensuing enforced lockdowns, India’s residential market has been expanding at a breakneck rate. “The Indian real estate sector witnessed one of its most extensive turnaround years this year, something that hasn’t happened in the past 10 years.”Abhishek KapoorCEO, Puravankara Ltd., Bengaluru The phenomena in the year 2022 were undeniably conducive to the …

Bengaluru may see highest growth in office rent in Asia-Pacific region next year
2 years ago

Bengaluru may see highest growth in office rent in Asia-Pacific region next year

Deccan Chronicle  

New Delhi: Office rentals in Bengaluru is expected to grow by 5-7 per cent -- highest in the Asia-Pacific region -- during the next year, according to Knight Frank India. Bengaluru's prime office rental is expected to grow in the range of 5-7 per cent YoY in 2023, highest amongst the 24 APAC cities tracked in the report. New Delhi's …

Bengaluru may see highest growth in office rent in APAC next year: Report
2 years ago

Bengaluru may see highest growth in office rent in APAC next year: Report

Hindustan Times  

Office rentals in Bengaluru is expected to grow by 5-7 per cent -- highest in the Asia-Pacific region -- during the next year, according to Knight Frank India. READ | Why Karnataka's Mysuru is the next real estate hotspot in India Bengaluru's prime office rental is expected to grow in the range of 5-7 per cent YoY in 2023, highest …

House rentals show slight increase in third quarter; details here
2 years, 2 months ago

House rentals show slight increase in third quarter; details here

Firstpost  

Average rents across India have risen by 5.2 per cent on a sequential basis for the quarter that ended on 30 September 2022, while aggregate demand and cumulative availability of rental properties declined by 3.9 per cent and nearly 10 per cent, respectively, in 13 Indian cities. Bengaluru witnessed an increase of 7.3 per cent in rents, Mumbai saw a …

Office space supply in Hyderabad up 56% in Jan-Sept, rises to 7.9 million sq ft
2 years, 2 months ago

Office space supply in Hyderabad up 56% in Jan-Sept, rises to 7.9 million sq ft

Deccan Chronicle  

NEW DELHI: New supply of office space in Hyderabad rose 56 per cent to 7.9 million square feet from 5.1 million square feet during January-September period. According to Colliers India, new supply of office space rose 49 per cent during this period across six cities,including Hyderabad, to 32.8 million square feet on completion of many commercial projects to meet rising …

Real Estate: 2022 Likely To Be Best Year for India's Office Market, Says Colliers Report
2 years, 2 months ago

Real Estate: 2022 Likely To Be Best Year for India's Office Market, Says Colliers Report

News 18  

The year 2022 is likely to emerge as the best year in terms of office space leasing, with absorption likely to cross 50 million sq ft across the top-6 cities — Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune. While hybrid working continues to be the mainstay, occupiers are not shying away from leasing new large spaces,” Colliers India said in …

Hyderabad real estate clocks 32% sales growth in September quarter
2 years, 2 months ago

Hyderabad real estate clocks 32% sales growth in September quarter

Deccan Chronicle  

HYDERABAD: The Hyderabad real estate market continued to remain robust, clocking a 32 per cent growth in sales in the third quarter of 2022 and a 19 per cent growth in new projects. The city also witnessed a healthy surge in price growth with aggregate residential value moving up by 6% YoY during Q3 2022," said a report of Knight …

Record growth in office space absorption in Hyderabad: Survey
2 years, 4 months ago

Record growth in office space absorption in Hyderabad: Survey

Deccan Chronicle  

HYDERABAD: Hyderabad has witnessed record growth in office space absorption in the April-June quarter at 2.4 million square feet. This is the 90 per cent growth over the office space absorption in Q2 2021, said a survey. According to a report, ‘The Connect Q2 2022,’ released by commercial real estate firm Vestian, “The West peripheral business district market, comprising locations …

India's residential real estate sales at 9 year-high in 2022: Knight Frank
2 years, 5 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 …

‘Bengaluru leads office leasing market with a 30% share in Q2’
2 years, 5 months ago

‘Bengaluru leads office leasing market with a 30% share in Q2’

The Hindu  

Bengaluru led the office leasing market in the country in the second quarter of calendar year 2022 by solely forking out a 30% market share followed by Mumbai and Delhi-NCR claiming 19% and 18% slice respectively, said Colliers, a global realty advisory and management firm, on Monday. All the major markets, with Bengaluru dominating, witnessed strong leasing activity during the …

Housing Realty: High Interest Rates Moderate Sales In June Quarter
2 years, 5 months ago

Housing Realty: High Interest Rates Moderate Sales In June Quarter

News 18  

Amid rising interest rates in the country after the RBI’s recent repo rate hikes and increasing property prices, housing sales in seven major cities saw a moderation of 15 per cent in the June 2022 quarter to 84,930 units, compared with 99,550 units in the March 2022 quarter, according to a report by real estate consultancy firm Anarock. The report …

Robust Recovery: Office Space Leasing Jumps 97%; Bengaluru, Delhi-NCR Leading
2 years, 8 months ago

Robust Recovery: Office Space Leasing Jumps 97%; Bengaluru, Delhi-NCR Leading

News 18  

The office space sector in India continues to witness a robust recovery, as the leasing activity during January-March jumped 97 per cent y-o-y to touch 11.4 million sq ft, according to a report by India’s leading real estate consulting firm CBRE South Asia. Technology corporates drove leasing with a share of about 34 per cent, followed by BFSI firms, flexible …

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