Search Results: Pune real estate (1112)

Reports Office Building in India, India Office Market Report, Office Demand in India, Office Supply in India, Office Absorption in India, Office Leasing in India, Office Trends in India, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalists, Anshuman Magazine, CBRE Report, CBRE Office Report

Office leasing likely to record a historic high of ~70 mn. sq. ft in 2024 across top 9 cities in India

Office leasing is likely to record a historic high of ~70 mn. sq. ft in CY 2024 across top 9 cities in India as per current estimates, says ‘CBRE India Office Figures Q3 2024’. The last highest office leasing was recorded in CY 2019 at 66.6 mn. sq. ft. The office demand will be driven by both global and domestic occupiers, who are expected to continue expanding their operations and consolidating their facilities to strengthen their market presence. GCCs are poised to expand significantly in India, accounting for about 35-40% of the total office leasing.

Reports Manufacturing in India, Made in India, Industrial & Logistics Real Estate, CBRE Report, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalists

India emerging as a global manufacturing hotspot

In a report titled, ‘Fortifying India’s I&L landscape with a new manufacturing growth formula’, property consultant CBRE claims that the manufacturing sector’s growth has significantly contributed to warehousing demand. The share of sectors catering to the manufacturing space, including engineering & manufacturing, electronics & electricals and auto & ancillary sectors, within the total warehousing demand across major cities, has increased substantially, growing from 15% in 2019 to 24% in 2023 and 25% in H1 2024. The total leasing for warehousing from these manufacturing-related sectors stood at 4.1 mn. sq. ft. in H1 2024.

Reports Office Demand in India, Office Absorption in India, Office Supply in India, India Office Market Report, Colliers Office Report, Grade A Office Spaces in India, India Real Estate News, Indian Realty News, Real Estate News India, Indian Realty News, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalists

Office demand soars: 47 msf in 9 months, at 23% yoy growth

Strong leasing activity in the first three quarters of 2024 has pushed Grade A office space demand to 46.7 million sq ft across the top six cities of the country. Building on the momentum in first half of the year, Q3 2024 saw space take-up to the tune of 17.3 million sq ft, a 31% year-over-year (YoY) growth. Bengaluru and Hyderabad accounted for over half of the leasing activity during this period. Bengaluru registered its highest ever leasing in any quarter at 6.3 million sq ft, continuing its dominance in the office market. Pune, notably, with 2.6 million sq ft of leasing activity, recorded 2.6X times space take-up compared to Q3 2023.

Reports GCC Investors, Global Capability Center, RICS Report, Colliers Report, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalists

GCCs likely to account for 40% of Grade A office space demand in the next few years in India: Colliers – RICS Report

Engineering & manufacturing and BFSI occupiers to cumulatively account for ~40% of demand during 2025-27. Repositioning of GCCs as knowledge & innovation hubs will drive ~40% of annual office space demand. Bengaluru dominates demand across most sectors; Hyderabad, Chennai & Pune to gain ground. BFSI occupiers to prefer premium developments, while engineering & manufacturing occupiers are likely to remain cost conscious while expanding real estate.

Case Studies REIT, SM REIT, Real Estate Investment Trust, REIT Potential in India, REIT Market in India, Future of REIT, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalists

India’s potential SM REITs market value likely to exceed USD 60 billion

Mumbai recorded the highest potential SM REIT-ready completed office stock of ~75 mn. sq. ft. as of June’24, with around 10+ mn. sq. ft. of upcoming supply by 2026.  Delhi-NCR recorded a completed SM REIT-ready potential stock of 70+ mn. sq. ft., followed by Bengaluru with 50+ mn. sq. ft. and Hyderabad with 30+ mn. sq. ft.. It is estimated that cumulatively, Delhi-NCR, Bengaluru and Hyderabad could add an additional supply of potential SM REIT-worthy stock of ~36 mn. sq. ft. by 2026. Other cities such as Pune, Kolkata, and Chennai recorded 25+ mn sq. ft. of completed supply as of June’24. It is estimated that Pune, Kolkata and Chennai would cumulatively record additional supply of potential SM REIT-worthy stock of ~14 mn. sq. ft. over the next two years.

Reports Housing Price Tracker, CREDAI Report, Leases Forms Report, Colliers Report, Housing Price Index, Property Appreciation, India Real Estate News, Indian Realty News, Real Estate News India, India Property Market Report, Best Property Portal, Best Real Estate Website, Real Estate Journalists

Housing prices in top eight Indian cities saw a steady 3% QoQ growth: CREDAI – Colliers – Liases Foras| Housing Price-Tracker Report Q2 2024

Average housing prices surged 12% YoY; Delhi NCR saw highest YoY growth. Delhi NCR & Bengaluru saw highest quarterly price rise at 16% & 8% respectively. Unsold inventory continued to drop sequentially amid robust demand. Pune saw the highest dip in unsold inventory followed by Ahmedabad and Chennai. Positive home buyer sentiment and steady demand have kept the momentum strong in residential market across major Indian cities. Average housing prices across the top eight Indian cities witnessed a 3% QoQ growth in Q2 2024. Interestingly, quarterly price movements at India level have been almost similar at about 3% for the last four quarters.

Reports

Warehousing & Logistics absorption increased by 8% annually in H1 2024: Vestian

Mumbai and Pune together accounted for 63% of the total absorption in H1 2024, followed by southern cities (Bengaluru, Chennai and Hyderabad) at 29%. Mumbai’s share saw an increase from 25% in H1 2023 to 41% in H1 2024, the growth can be attributed to an increase in demand for grade-A warehouses in areas such as Bhiwandi, Panvel, Uran, Taloja, and Ambernath. NCR witnessed a significant decline in its share from 31% to 6% in the same period. Furthermore, Chennai reported absorption of 1.5 Mn sq ft in H1 2024, registering an increase of 191% over H1 2023 due to the low base effect.

Reports AI & Robotics in Real Estate, Artificial Intelligence in Real Estate, Robotics in Real Estate, AI & Robotics in Property Market, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalist

AI & Robotics companies led absorption in the Silicon Valley of India

AI & Robotics companies accounted for 21% of Bengaluru’s absorption in Q2 2024, as per Vestian’s quarterly office market report, The Connect Q2 2024. Rapid global advancement of artificial intelligence, combined with a supportive ecosystem, has significantly driven the demand for office space in the city. Overall, IT-ITeS sector, including AI & Robotics, accounted for 69% of the city’s absorption in Q2 2024.

Case Studies India Retail Report, India Retail Demand, India Retail Supply, India Retail Absorption, India Retail Future, CBRE Report, Anshuman Magazine, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalist

Retail sector records strongest H1 leasing in 5 years, reaching 3.1 mn. sq. ft. across top 8 cities

India continues to experience positive retail growth, attracting foreign retailers to establish a presence in key locations. Charles Tyrwhitt, a men’s luxury fashion brand from the United Kingdom, opened its first store in Ahmedabad. Additionally, Maison Margiela, a French luxury fashion brand, and Franck Provost, a French beauty and wellness brand, entered the Indian market by opening their first stores in Mumbai and Bengaluru, respectively. Other noteworthy expansions include the opening of stores by international brands, such as the Swiss luxury watch brand Breitling and the American luxury fashion brand Michael Kors in Chennai and Pune, respectively. In addition, the Japanese homeware brand Daiso Japan and the skincare and cosmetics brand ILEM Japan also opened stores in Chennai.

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