BUSINESS
India’s office leasing hits record 81.7 MSF leasing in 2024, IT/ITES sectors lead demand
The office leasing market also saw most of the demand for large transactions in 2024 as transactions above 100,000 sqft contributed 41 percent of total demand, with a 13 percent YoY increase, particularly in Bengaluru and Pune.
BUSINESS
India’s data centre market sees $6.5-billion investments between 2014 and 2024: Report
Mumbai and Chennai dominate the data centre market, accounting for 70 percent of India’s total IT power capacity. Over the past five years, around 440 acres of land have been acquired for the creation of hyperscalers across three major cities which include Hyderabad, Mumbai and Pune.
BUSINESS
Homebuyers prefer fresh launches over ready-to-move-in homes; 42% of homes sold were in new projects in 2024
According to data from ANAROCK, 42 percent of 4.60 Lakh homes sold in the top seven cities in 2024 were fresh launches. Bengaluru and Chennai saw the highest new supply absorption share in 2024 – 53 percent each out of approximately 65,230 units in Bengaluru and 19,220 units in Chennai.
BUSINESS
Office fit-out costs jump as demand for sustainable workspaces grows, Mumbai tops the list
Mumbai remains the most expensive city for fit-outs in India, followed by Delhi; Tokyo claims the top spot in Asia-Pacific
BUSINESS
House Full: Malls defy cooling demand, vacancy drops to 7.8% in 2024
According to ANAROCK, over 6.5 msf of organised retail space was leased in 2024 across the top seven cities, significantly surpassing the supply of new stock.
BUSINESS
Indian real estate market sees 88% YoY investment surge to $ 3.0 billion in H2 2024
According to Colliers ‘Asia Pacific Investment Insights H2 2024’ report, office assets continued to draw the majority of the investments with a 47 percent share, followed by industrial & logistics with a 27 percent share.
BUSINESS
Women homebuyers want it premium, prefer Bengaluru: Study
The study highlighted that Bengaluru emerged as the most favourite city for women buyers, with 26.5% preferring the city, followed by Pune (14.8%) and Hyderabad (11.9% ).
BUSINESS
Dwarka Expressway triggers real estate boom in Gurugram with 58% property price surge
Experts say that the growth in housing prices along Dwarka Expressway is an indicator of the growing demand for well-planned, infrastructure-led development. The strong price appreciation also reflects high investor confidence, they said.
BUSINESS
Real estate sentiment cautiously optimistic, says report
While there is cautious optimism in the residential sector, the outlook for office market remain buoyant
BUSINESS
Over 1.1 crore real estate units registered under RERA across 20 states since 2017, Maharashtra leads
According to data provided by NSE-listed real estate analytics firm PropEquity, the number of projects registered with RERA fell by 21 percent between 2022-2024. It, however, had grown by 145 percent to 25,281 projects between CY 2020 and 2022.
BUSINESS
Boney Kapoor gets possession of land for Film City project near Noida airport
Uttar Pradesh Chief Minister Yogi Adityanath is likely to lay the stone of the project in March
BUSINESS
Property prices have gone ahead of themselves: Housing.com Group CEO
Housing sales across the country’s top eight cities dropped by 26 percent year on year in the October-December 2024 quarter, compared to the corresponding quarter in the last calendar year. Year 2025 will not be one of record sales, Agarwala said.
BUSINESS
Shop-cum-office complexes the new trend in Delhi-NCR realty market
SCOs generally include high streets, hypermarkets, offices, retail units, co-working spaces, restaurants, cafes and the like. Since these hybrid structures seamlessly blend retail, office spaces, recreational facilities, and food zones, they are a highly sought-after investment option.
BUSINESS
Housing costlier by 10 percent across major cities on strong demand, Delhi-NCR tops the chart
The report titled as ‘Housing Price-Tracker Report Q4 2024’, released on February 25 has projected that the demand within luxury and ultra-luxury segments may amplify further in 2025, while affordable housing segment will continue to form the bulk of housing sales.
BUSINESS
From Vastu considerations to additional parking space, this is how India searched homes in 2024
Buyer preferences varied not just geographically but also on factors shaped by cultural and economic forces. This held true for the rental market as well. These understandings, experts say, could enable builders to fine-tune their strategies to attract a wider audience.
BUSINESS
India’s flexible workspace sector achieves record 12.4 msf of gross leasing volume in 2024
Among India’s top flexible workspace markets, Bengaluru led with 3.4 msf of leasing volume, nearly doubling its previous year’s tally. Mumbai, meanwhile, recorded a 3-times YoY growth in GLV, reaching 1.9 msf.
BUSINESS
India’s data centre market sees 407 MW absorption in 2024, set for 600 MW capacity addition in 2025
Data showed that over 200 acres of land were acquired in the top five cities including Mumbai, Hyderabad, Pune, Chennai and Bengaluru in 2024. Mumbai also led the absorption market with 53 percent of total absorption, followed by Hyderabad at 14 percent, and Chennai and Pune at 10 percent each.
BUSINESS
Hyderabad hits record 5.3 msf GCC leasing in 2024
Thanks to robust demand for office spaces from global firms, the city's office stock has more than tripled since 2014.
BUSINESS
Signature Global eyeing 20-25% pre-sales growth in FY26: Chairman Pradeep Aggarwal
Signature Global recorded pre-sales of Rs 12,810 crore in calendar year 2024 and a profit of Rs 40 crore in the first nine months of FY25. The company turned profitable in 9M FY25 with a PAT of Rs 40 crore, compared to a loss of Rs 25 crore in 9M FY24.
BUSINESS
India's office leasing volumes touch 66.4 msf in 2024, market likely to reach 70 msf in 2025: Report
Global Capability Centres (GCCs) have emerged as a major demand driver, with leasing surging 41 percent YoY to 25.7 msf in 2024. Bengaluru captured 47 percent of GCC leasing, while Mumbai witnessed a fourfold increase in GCC uptake compared to 2023, the report said.
BUSINESS
Religious tourism driving residential demand in religious cities, Prayagraj witnesses 28% surge
Big spiritual events like the Mahakumbh Mela that attract millions of visitors are also giving a boost to demand for homestays. Data from Magicbricks showed that cities of religious importance like Prayagraj have witnessed an annual 28 percent increase in buyer queries about residential real estate.
BUSINESS
Long-struggling affordable housing segment sees ray of hope after RBI cuts key policy rate
With rising construction costs, high home loan interest rates, thin margins and more lucrative opportunities in mid, premium, and luxury housing, large developers have continued to vacate the affordable housing space, and reduced supply has pushed up prices for affordable housing units.
BUSINESS
Repo rate cut to boost property investment, fuel housing demand as home loan EMIs to go down, say real estate experts
RBI MPC on February 7 decided to reduce the repo rate by 25 bps from 6.5 percent to 6.25 percent, its first such move in five years.
BUSINESS
SOBHA Q3 results: Net profit jumps 44% YoY; developer plans new projects in Greater Noida, Mumbai
SOBHA witnessed a growth of 76.1 percent YoY in its net revenue at Rs 1256.9 crore in Q3FY25, the company said in a regulatory filing on February 6. The company said that it plans to launch new projects in Greater Noida, Hosur and Mumbai.
