India

This represents a CAGR of 23% from H1 2024.

Vacancy rates are expected to be within range.

Prices are expected to increase in the coming quarters.

Thanks to rising occupier demand.According to a Cushman and Wakefield report, between 2023–24, office rents in Delhi NCR showed steady growth, scaling pre-COVID levels.

Analysts expect the retail market to remain buoyant.

Net absorption was at 1.9m sq ft in Q3 alone.According to a JLL report, premium office locations and high-quality buildings supported by institutional owners are anticipated to see increased leasing activity and rents.

Gurgaon accounted for over 80% of the sales in the quarter.

Thanks to new Grade A developments.

A majority of this stock is pre-committed.

But analysts say the drop is likely short-lived.

This was driven by manufacturing occupiers.

There was 2.47m sq ft of warehouse space leased during the quarter.

The malls will be located in the suburbs market.

Identified future pipeline of launches has grown to 540 million square feet. 

This will be done in an all-cash transaction. 

Majority of the new stock will be in the suburban market.