The leasing activity by retailers in organized retail centres and key high streets across the top seven cities surged by over 100 per cent in the second quarter (Q2) of 2024, according to a report by real estate firm JLL.
A portion of the new launches in Delhi NCR were in the luxury segment. Approximately 27 per cent of the units launched in H1 2024 were priced at Rs 5 crore or above, totalling nearly 6,200 units.
The foreign investors have taken the lead in India's real estate sector during the first half of 2024, accounting for 65 per cent of total investments, according to a report by JLL.
The report stated that the country stands at an inflection point where India's office markets are expected to move ahead given the tailwinds in the global and domestic economy conditions and India's standing as the "office to the world".
The real estate developers and the landowners in India have joined hands to develop 1546 acres of land in the last 18 months (January 2023 to June 2024), according to a report by JLL, a real estate company.
India's real estate sector has the debt financing opportunity of around Rs 14 lack crore in the next three years, highlights a report by real estate company JLL and Propstack.
The Fashion and Apparel sector has emerged as the frontrunner in India's retail landscape, accounting for an impressive 40 per cent of the leasing activity in Q1 2024 (Jan-March).
As of Q1 2024, the average time to liquidate inventory stands at just 22 months, down from 32 months at the end of 2019, primarily driven by a surge in housing demand.
This surge, expected between Q2 2024 and the end of 2028, will see the completion of 88 new retail developments across the country, significantly outpacing the supply of the past decade, which totaled around 38 million square feet.
India and Southeast Asia are emerging as top manufacturing hubs beyond China, driven by supply chain diversification, says a report by JLL, a commercial real estate and investment management company