India
Indian office sector records highest net absorption of the year in Q3
Indian office sector records highest net absorption of the year in Q3
Net absorption was at 8.3msf in Q3, the highest in 2023.
India gross office leasing volume down 13% to 15.1msf as of Q3
Mumbai experienced the strongest leasing volume growth.
India’s new office supply declines 9% to 10.7msf in Q3
This brings the total completions to 29.5msf year-to-date.
PE investments into Indian real estate hit USD934m in Q3
This is three times the investment volumes in the same period last year.
Delhi residential launches more than doubles to 2,680 units in Q3
This brings the total launches to 13,633 units YTD.
Delhi gross office leasing declines 11% to 3.4msf in Q3
Pre-commitments accounted for a third of the leasing activity.
What’s driving Delhi’s strong retail leasing momentum?
Delhi retail leasing volumes rose 34% to 0.45 msf in Q3.
Delhi prime residential prices up 2% in Q2
The highest price growth was recorded in Gurgaon.
Mumbai new residential launches hit a record 6,284 units in Q2
Launches rose by 26% vs the prior quarter.
Bengaluru prime residential rents inch up 0.7% in Q2
Thanks to the return of expats and rising office occupancies.
Delhi to see nearly 6m sq ft of new office space this year
Net absorption is expected to hit 5.6m sq ft.
Why Mumbai’s retail market is expected to remain buoyant
Rents are expected to keep growing for the rest of the year.
These are the international retailers set to enter India soon
And some domestic brands also plan on expanding their presence.
Bengaluru retail rents up 2.2% in Q2
This was driven by rental growth in the Prime City submarket.
Delhi to add over 6m sq ft of new industrial supply this year
Demand is projected to reach 6.5m sq ft.
Bengaluru Grade A office supply drops 51% to 2.31m sq ft in Q2
The secondary business district dominated new completions.
Mumbai to see nearly 6m sq ft of new office space in H2
Supply is expected to outpace demand, driving up vacancy rates.
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