India
Mumbai to see 6m sq ft of new office space this year
Mumbai to see 6m sq ft of new office space this year
There was a total of 2m sq ft of new supply added in Q1 alone.
Mumbai prime residential launches up 18.8% to 1,042 units in Q1
South Central Mumbai was the top contributor to this quarter’s new launches.
New Delhi prime office net absorption down 5% to 1.34m sq ft in Q1
Gurgaon accounted for over half of the net absorption during the quarter.
Indian real estate market secures US$1b worth of private equity investments in Q1
This is almost five times more than the previous quarter.
Why Chennai outperforms its southern counterparts as an office market
Before the pandemic hit, office space demand surged 107% across 2018 and 2019.
Flex space operators’ office leasing demand in India more than doubled in Q1
These operators accounted for 13% of the total leasing volume during the quarter.
India gross office leasing volume slips 9% to 14.7msf in Q1
Fresh leasing and pre-commitments together accounted for 81% of the demand.
India real estate investment volume down 38.4% to USD0.77b in Q1
Nearly 60% of all fund flows were equity investments.
New Delhi residential launches up 7% to 2,045 units in Q1
Luxury launches accounted for 54% of all the launches.
New Delhi gross office leasing jumps 55% to 3.18msf in Q1
This is the second highest quarterly leasing since the pandemic hit.
3 cities that will propel India’s office property sector this year
These cities are expected to drive strong supply and demand conditions throughout the year.
New Delhi retail net absorption slumps 72% in 4Q21
Blame it on lack of new supply and low vacancy in quality malls.
Around 6.5m sq ft of new Grade A office space expected in Mumbai this year
This is if construction activity is not slowed down by further restrictions.
Delhi NCR to see 9.3m sq ft of new office space in 2022
This supply pipeline will largely be in the Gurgaon and Noida submarkets.
Will metaverse real estate take off in India?
High tax rates might deter investments in crypto assets in real estate.
India’s office supply to grow by 30-35% this year
Meanwhile, gross leasing is expected to grow 15-20% y-o-y.
Fresh leasing dominates India’s office market in Q4 2021
It surged 77% to 12.2 million square feet during the quarter.
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It is part of the Singaporean property developer’s ‘reach for the sky’ strategy.
