Global Capability Centres to lease 45-50 msf of Grade A office space by 2025; GCCs steadily adopting flex spaces, with approximately 5-10% of flex seats https://www.hindustantimes.com/real-estate/bengaluru-and-hyderabad-account-for-60-of-the-total-global-capability-centres-demand-colliers-101708493351663.html
Several key factors contribute to the growing appeal of India’s real estate sector for international investors. India’s real estate market is witnessing a surge in foreign investments in 2024, driven by economic reforms, infrastructural development, and a commitment to sustainability. https://www.financialexpress.com/money/indias-real-estate-boom-attracts-foreign-investors-in-2024-3400073/
Modern luxury living has evolved beyond material opulence; it now embraces the spiritual essence of our roots. https://www.financialexpress.com/money/legacy-in-luxury-living-india-finds-a-modern-echo-in-real-estate-3398757/
MMR and NCR together saw approximately 2.57 lakh housing units completed in 2023 – MMR with approximately 1.43 lakh units, followed by NCR with 1.14 lakh units https://www.hindustantimes.com/real-estate/over-4-35-lakh-homes-completed-in-2023-across-top-seven-cities-59-in-mmr-and-ncr-101708250629488.html
The Indian real estate market has been witnessing a significant boom in investment from Non-Resident Indians (NRIs) based in the Gulf region over the past year, according to new reports. Benefitting from the post-pandemic economic recovery and growth seen in major Gulf economies, NRIs are investing surplus funds from their salaries and businesses back home …
India Real Estate Market Records Investment Boom as NRIs Cash in on Gulf Economic Growth Read More »
The share of luxury homes, priced at or above Rs 4 crore, in total sales, also doubled in 2023 https://www.business-standard.com/industry/news/luxury-housing-sales-in-india-jumped-75-in-2023-threefold-in-delhi-cbre-124021400667_1.html
While mainstay hospitality will continue to gain strength to strength, alternative segment such as second homes and holiday villas will also play a critical role. https://www.financialexpress.com/money/branded-rental-villa-market-growing-fast-in-india-set-to-reach-1377-mn-by-2028-3392638/
The report concluded that millennials (age 18-34) constituted 67% of rental demand and 2 BHK units dominated the market, commanding 41% of the rental demand in these cities. https://www.financialexpress.com/money/gurugram-leads-list-of-top-indian-cities-with-31-3-yoy-surge-in-rents-magicbricks-3391842/
Land prices in Bengaluru have increased by 20% to 30% in the last three years, said the report by Meraqi https://www.hindustantimes.com/real-estate/bengaluru-real-estate-70-realty-assets-in-the-city-developed-through-joint-development-agreements-101707285090463.html
In the region, Singapore saw the highest price rise followed by Perth and Brisbane https://www.business-standard.com/industry/news/mumbai-bengaluru-among-top-10-asia-pacific-cities-with-highest-rise-in-home-prices-in-second-half-of-2023-knight-frank-report-124020600622_1.html
