The demand for large office spaces has seen significant growth in India, with transactions for office spaces above 100,000 sq ft increasing by 54 per cent year-on-year (YoY) in the first half of 2024 (H1 2024), according to a recent report by Knight Frank India, a property consultancy firm.
Tthe city boasts an impressive 5.7 million square feet of GLA, surpassing the operational shopping centre stock of major cities like Kolkata and Ahmedabad as of 2023.
Private equity (PE) investments surged to USD 3 billion in the first half of 2024, reflecting a 15 per cent increase compared to USD 2.6 billion during the same period in 2023, according to Knight Frank India report.
Mumbai and New Delhi are among Indian cities that recorded a sharp annual increase in their real estate prices in the first quarter of 2024, according to a report by London-headquartered global property consultancy firm Knight Frank.
India's Tier 2 cities are emerging as key players in the country's retail sector, with Lucknow particularly standing out, commanding an 18.4 per cent share of gross leasable area, according to a report by Knight Frank India, a property consultancy firm.
Connaught Place in Delhi-NCR marked a 33 per cent year-on-year growth in rental rates for high street retail space, the highest amongst the tier 1 cities. Delhi's Connaught Place was followed by two high streets in Bengaluru -- Hennur Main Road and Commercial Street with 20 per cent and 17 p
Indian brands are dominating the retail market landscape on high streets. As per a report by Knight Frank India, a property consultant, as high as 87 per cent of stores on high streets are occupied by Indian businesses, as these are focused on meeting local preferences.
In 2023, there has been a sharp rise in low-performing shopping malls with approximately 13.3 million square feet of retail space categorised as 'ghost shopping centre', a 59 per cent year-on-year surge.
Transactions in the office space trended up to an annual tally within striking distance of an all-time high in 2023. Real estate consultant Knight Frank India, in their latest report 'India Real Estate: Residential and Office (July-December 2023)' released on Wednesday, said a total of 59.6
In 2023, the Mumbai city area which falls under Brihanmumbai Municipal Corporation (BMC) jurisdiction, recorded total registrations of 127,139 real estate properties.
India climbed 18 spots up to 14th rank in the global house price index in the third quarter of 2023, data compiled by real estate consultant Knight Frank India showed.