Bengaluru's housing sales fell by 2% in Q1 2024, primarily due to a significant drop in affordable housing, while office space demand remained stable.
Indian real estate sees 39% drop in US investments in 2023, yet office space remains most popular asset, attracting 52% of all investments.
Commercial real estate investment in Noida is surging due to high demand, infrastructure, and connectivity. The city offers various commercial property types including office, retail, industrial, and more.
Knight Frank India's report forecasts a stable year for India's real estate sector in 2022, with a 5% rise in housing prices and growing demand for office space.
Due to the Covid-19 pandemic, approximately 25 commercial projects in Ahmedabad have been converted into residential housing schemes, driven by housing demand.
India's second COVID-19 wave threatens real estate recovery, impacting office and housing markets. Experts predict varying effects on sales and demand.
Two expressways in Delhi NCR boost real estate development in Noida, Greater Noida, and Dwarka. Residential projects face water, sewage, and funding challenges, impacting delivery and pricing.
Delhi-NCR's office space consumption increased by 39% to 2.4 million sq ft in H1 2016, driven by large deals. Overall office space consumption in 8 cities declined by 18%.
CBRE India has opened a new office in Kochi, enhancing its capacity to serve clients and support the region’s burgeoning real estate market.
Pune's new residential launches decreased by 32% in H1 2016 compared to H1 2015, while unsold inventory reached a 5-year low. Office space transactions also slowed down due to lack of new supply.
Connaught Place in Delhi slips to the 7th most expensive office market globally, according to CBRE. Hong Kong retains the top spot in the rankings.
In 2016, Bengaluru faced a 28% deficiency in office space supply despite high demand from the IT sector and e-commerce companies. CBRE predicts a shorter supply for the year.
Outsourcing giant Convergys relocates from Cyber City to Sohna Road in Gurgaon due to rent hikes
Hyderabad's western region is poised for a 3 million sq ft office space surge, attracting mid-size to large companies with competitive rental rates and proximity to IT and financial hubs.
Office space availability in India's top cities plummeted by over 75% in Q2 due to high vacancy rates and weak commitments in ongoing projects, marking the lowest supply in recent quarters.
Unitech Group has leased 8 lakh sq ft in its Gurgaon Tech-park SEZ to Accenture, potentially yielding ₹1,000 cr over 15 years, while exploring stake sale to Blackstone and GIC.
Mumbai's rental values dipped slightly in Q3 2023, with Lower Parel, Thane, and Navi Mumbai seeing the most leasing activity. Key business districts witnessed a decline in commercial leasing.
Mumbai commercial realty outperforms NCR, offering higher investment returns, according to Knight Frank. This is attributed to favorable business conditions, talent access, and connectivity.
Cadbury India to sell Mumbai HQ for Rs.450 Cr, citing need for better facilities
Weak office space demand has negatively impacted air conditioning manufacturers. A resurgence in demand, driven by IT and ITeS sectors, is expected to boost both the commercial sector and A/C sales.
Vacancy rates in Indian shopping malls are on the rise, particularly in Delhi-NCR and Mumbai. Experts attribute this to an oversupply and mismatch with demand.
Steelcase, a US-based furniture company, leased 50,000 sq. ft. of office space at IndoSpace Industrial and Logistics Park in Chakan to set up its first production unit in India.
Air India intends to lease Delhi real estate to government enterprises, favoring them over private companies. ONGC, LIC, and SIB have displayed interest in leasing the property.
Sanofi India acquires 150,000 sq. ft. of office space in Powai, Mumbai, planning to shift their headquarters from Andheri to this new location worth Rs.220 Cr.
Office space demand in India is projected to reach 30.5 million sq. ft. in 2013, a 12% year-over-year increase, driven by improving global economy, increased FDI, and revised repo rates.