Author Track2Realty

Track2Realty is an independent media group managed by a consortium of journalists. Starting as the first e-newspaper in the Indian real estate sector in 2011, the group has today evolved as a think-tank on the sector with specialized research reports and rating & ranking. We are editorially independent and free from commercial bias and/or influenced by investors or shareholders. Our editorial team has no clash of interest in practicing high quality journalism that is free, frank & fearless. Now you can subscribe our YouTube Channel @ https://www.youtube.com/channel/UClwlWQn4MUB7uVbQKsNEJzg

Reports India Office Space, India Office Space Leasing, Office Space Leasing in India, Office Space Demand in India, Office Space Supply in India, Office Space Absorption in India, Office Space Demand in India, India Office Market Report, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property News Portal, Best Real Estate News Website, Real Estate Journalists

29.4 million sqft leasing of India office market in H1 2024

Office market well placed to cross 50 million square feet of absorption in 2024, third year in a row. Q2 2024 saw 15.8 million square feet of leasing across the top 6 cities. Developer confidence remains strong with 13.2 million square feet of completions in Q2 2024. With 52% cumulative share in Q2 2024, Bengaluru and Mumbai drive India office demand. Technology and Engineering & manufacturing sectors account 45% of quarterly demand, highest flex space activity in any quarter.

Reports Data Center, Data Center in India, India Data Center, Data Center Investments, Data Center Potential, Cushman & Wakefield, Global Data Centres, India Real Estate News, Indian Realty News, Real Estate News India, India Property Market News, Best Real Estate Website, Best Property News Portal, Real Estate Journalists

India’s Data Centre potential for 5X capacity expansion: Cushman & Wakefield

In a bid to assess whether India’s data centre capacity will meet the nation’s growing digital needs, Cushman & Wakefield has come out with a report, “Is India Building Enough to Power its Digital Transformation?”. The report conservatively estimates the potential data centre capacity India will require to align with other major economies. The findings reveal a potential for an additional 1.7-3.6 GW data centre capacity, over and above the planned development of 2.32 GW Colo capacity, taking the potential of possible data centre capacity to over 5 GW. 

Reports Under Construction Projects, Ready to Move Property, Construction Linked Payment Plans, India Real Estate News, Indian Realty News, Real Estate News India, India Property Market News, Real Estate Journalists, Magicbricks, Propindex Report

Prices of under-construction projects increase 15.2% QoQ across top 13 cities: Magicbricks Propindex Report (April-June 2024)

Between April and June 2024, residential supply witnessed the highest growth rate in the last 24 months, driven by the increasing availability of under-construction properties, shared the recently published PropIndex Report (April-June 2024) by Magicbricks, India’s leading real estate platform. According to the report, the supply of under-construction properties has increased by 11.7% QoQ, while prices have risen by 15.2% QoQ between April-June 2024. This surge has resulted in prices of under-construction properties surpassing those of ready-to-move properties in several cities such as Gurugram, Mumbai, Noida and Thane.

Network Assetz Property Group, Bengaluru Plotted Development, Bengaluru Property, Sambhav Realty Ventures LLP, Bengaluru Real Estate, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate News Website, Real Estate Journalists

Assetz Property Group launches a luxurious plotted development in North Bengaluru

Bengaluru-based Assetz Property Group has launched its luxury residential plotted development “Promise of Spring”, on the Bengaluru-Hyderabad highway, in Devanahalli. This 23-acre project in North Bengaluru promises to offer 320 plots ranging from 1500 sqft to 3000 sqft. Situated close to the serene landscape of Nandi Hills, residents can enjoy the tranquil beauty of lush natural surroundings. The project is developed in collaboration with Sambhav Ventures Realty LLP.

Market Rating Emerging Towns, Small Towns, High Potential Cities, Emerging Cities, Tier-II Cities, Well Developed Cities, Fast Developing Cities, Religious Tourism Cities, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property News Portal, Best Real Estate News Website, Real Estate Journalists

Colliers identifies 17 emerging real estate hotspots across India

A comprehensive analysis of these cities was done involving assessment of various social, economic, financial, and real estate specific demand & supply side parameters. Colliers conducted a broad-based assessment and developed an objective framework incorporating the above-mentioned parameters to assess their relative degrees of importance and impact on various real estate segments such as office, residential, warehousing, retail, hospitality, and alternatives (data centers, senior living, second homes etc.) in the respective cities.

Reports High End Property, Luxury Property, Luxury Property in India, High End Property Sale, High End Property Supply, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property News Portal, Best Real Estate News Website, Real Estate Journalists

37% surge in high-end property sales in Q1 2024: PropTiger

According to the report’s findings, Q1 2024 marked a discernible shift towards high-end properties among homebuyers. Notably, the share of properties priced at INR 1 crore and above in sales surged to 37%, a significant increase from the pre-pandemic levels of 2019, more than doubling in magnitude. During this period, there was substantial growth (50-55%) in demand observed within the INR 1-5 crore price bracket, closely followed by the INR 5-10 crore range, particularly evident in cities like Mumbai, Gurugram, and Bengaluru. This transition signifies a departure from purely budget-driven decisions towards properties that better resonate with buyers’ lifestyle preferences.

Column

Real estate has toxic positivity problem worldwide

A recent report claims current sentiment index score of Indian real estate is 72. I wonder how! Who is going to believe this? Definitely not the home buyers at the receiving end of the builders with delay, default, unmet promises and what not. But this is not an isolated instance of one-odd such report. As a matter of fact, most of the reports by the brokerage firms (in the guise of consulting firms) and other industry stakeholders would like the home buyers to believe that if you don’t buy property now, you would be left behind. This unnecessarily creates a FOMO (Fear of Missing Out) in the minds of the gullible buyers. 

Network Central Park Bignonia Towers, Amarjit Bakshi, Gurugram Property, Sohna Property, Golf Course Extension Road Property, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate News Website, Real Estate Journalists

Central Park launches Bignonia Towers; books INR 500 crore at the launch

Central Park launches Bignonia Towers, a high-rise project in Sohna, Gurugram. Located in Central Park Flower Valley, the project features 3 and 4 bedroom apartments that include 193 units with a minimum area of 3805 sq. ft. and maximum area of 5581 sq. ft. The project is located along Delhi-Mumbai Expressway and Gurugram-Sohna Elevated Corridor with connectivity to NH-48, SPR, Golf Course Extension Road.

Case Studies

Tier-II cities closing the gap with Top-8 as property prices surge by 10-15%

Soaring economic activity, infrastructure development, and reverse migration are driving double-digit property price appreciation in emerging urban centers of Tier-II cities, says “The Bharat India Report” by Housing.com. Housing.com, has released its inaugural “The Bharat in India” report that highlights remarkable growth trends in Tier-II city real estate markets across the country. It highlights how these once overlooked urban centers are rapidly closing the gap with their Tier-I counterparts. This growth is fuelled by economic diversification, rising consumer demand, and reverse migration patterns accelerated by the pandemic.

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