India residential prices up 10% in Q3 | Real Estate Asia
, India

India residential prices up 10% in Q3

Demand has been increasing despite rising mortgage rates.

According to a Colliers report, increased demand and cost escalations led prices to rise by up to 10% in the residential sector across major cities in India; demand resilience to rising mortgage rates reflects a sustained upswing. 

Moreover, commercial real estate witnessed a similar rise in rentals as leasing activity remained buoyant. 

Demand was primarily driven by occupiers expanding their footprint as well as exploring new opportunities within ‘flex spaces’ and ‘managed spaces’.

Here’s more from Colliers:

Forecast

The festive season may sustain demand in the residential segment in Q4, while warehouses will see high absorption rates as retailers and manufacturers gear up to meet seasonal demand. Industrial and logistic spaces will likely remain in favour following the announcement of as much as USD20 billion in investments in the country’s manufacturing sector. 

Office leasing activity could remain muted in Q4 over apprehensions of a global recession but the adoption of technology in the workspace will drive innovation and demand in the future. The public market has witnessed strong investor demand at both the primary and secondary levels. With the success of three REITs, there is a likelihood of another large Office REIT and a Retail REIT to be listed in 12 months’ time.

Expert view

Following a period of consolidation, existing players are aggressively growing their portfolios. Global investors are attracted to strong demand across asset classes, and opportunities to invest in operating and developing assets in the private and public markets.

 

Follow the link for more news on

Pasokan ritel Jakarta akan mencapai 5 juta meter persegi tahun ini

Tiga mal baru saat ini sedang dalam tahap konstruksi.

Jakarta akan mendapatkan lebih dari 1.800 kamar hotel mewah baru pada akhir tahun ini

Ini akan menjadi angka tertinggi selama tiga tahun ke depan.

Perkantoran Jakarta diperkirakan mencapai 76% pada akhir tahun

Tingkat okupansi rata-rata  perkantoran di CBD mencapai 74,7% pada Q1.

Jakarta akan menyaksikan lebih dari 9.300 unit hunian baru pada 2026

Hampir setengah dari unit ini akan selesai tahun ini.

Apa yang dapat dipelajari oleh pengembang properti dari Azabudai Hills di Jepang

Pengembangan senilai US$4 miliar ini bertujuan untuk menjadi pusat internasional bagi warga asing dan perusahaan modal ventura.

JLL: Pasokan ritel utama di Jakarta diperkirakan akan 'langka'

Meskipun ada mal baru yang akan dibuka pada paruh pertama 2024.