Browsing: Colliers Report

Headlines Construction Cost, Cost of Construction, Real Estate Input Cost, Building Material Cost, 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, Property Journalists

Cost of construction rises up to 11% annually in 2024 across real estate segments

Prices of key materials like steel and aluminum have relatively stabilized in 2024. Rising construction cost has primarily been on account of labour cost surge, at about 25% YoY in the private sector. Volatilities in construction material prices and labour cost pressures are likely to push overall construction cost upward, albeit at a slower pace. Over the last one-year, average cost of construction is estimated to have risen up to 11%, mainly due to a significant surge in labour costs coupled with a moderate price increase in construction materials like sand, brick, glass, wood etc. Notably, the cumulative effect of rise in the prices of four key construction materials including cement, steel, copper and aluminum have been relatively low. In fact, average cement prices have seen a steep decline of 15%, while average steel prices have witnessed a ma

Reports Asia Pacific Office Report, Colliers Report, Asia Pacific Office Demand, Asia Pacific Office Supply, Asia Pacific Office Absorption, Asia Pacific Office Occupiers, 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

Asia Pacific office demand surges 10.7% as occupiers chase ’flight to quality’

India, New Zealand, and Singapore saw annual leasing growth of over 30% in Q3 2024. Demand across the top 11 countries in the APAC region rose by 10.7% YoY, reaching 2.2 million sqm (23.7 million sq ft) in Q3 2024. India continued to lead APAC office market activity, driving over 70% of the total demand during Q3 2024. The Asia Pacific office market is predicted to grow in 2025, with new Colliers’ data showing demand across top markets surging 10.7% year-on-year (y-o-y) in the third quarter of 2024.

Reports Colliers Report, Industrial & Warehousing Real Estate, Industrial & Warehousing Leasing, Commercial Leasing in India, Industrial & Logistics Supply in India, Industrial & Logistics Demand in India, Industrial & Logistics Absorption in India, 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

About 20 mn sq ft of industrial & warehousing leasing in 9 months, at 17% YoY growth

During the first nine months of 2024, large deals (>200,000 sq ft) accounted for about 40% of the overall demand. Although a vast majority of these larger deals came from 3PL players, Engineering and FMCG segments also saw considerable large-sized deals. At the city level, industrial and warehousing space uptake in Delhi NCR was also driven by large sized deals, a marked deviation from 2023, wherein leasing activity was dominated by small sized deals. Almost 50% of the deals in the first nine months of 2024 were large sized in Delhi NCR.

Reports Real Estate Investments, Investments Up in Real Estate, 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

Institutional investment inflows in Indian realty touch USD 1.1 bn: Colliers

Q3 2024 attracted USD 1.1 Bn inflows, 45% higher over Q3 2023. Office segment drove over half of the investments in Q3 2024, followed by residential with 33% share. Domestic investments accounted for 44% of the total investments during the quarter. Chennai & Mumbai cumulatively attracted 57% of the inflows in Q3 2024. Sustained confidence in Indian economy continued to drive institutional investments into the real estate sector, reaching USD 4.7 billion during the first three quarters of 2024, almost at par with the corresponding period in 2023. Following significant inflows in the first two quarters, Q3 2024 too registered healthy investment inflow of about USD 1.1 billion, reflecting a 45% YoY growth.

Reports Global Capital Investment, Global Investment Flow, Investment in India, Investment in Real Estate, Investment in Indian Real Estate, Colliers Report, Colliers' Capital Inflow Report, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate News Site, Real Estate Journalists

India Ranks 3rd in Global cross-border capital destinations for land/ development sites

The office sector was the most sought after in terms of investment activity in APAC in the first half of 2024, followed by industrial sector. In India too, investments in industrial & warehousing and office assets remained strong in the first half of the year. Investments in Industrial assets especially, were 5X times, compared to same period last year. Amidst rising demand for superior quality Grade A assets and evolving supply-chain models, global investor confidence in the sector is improving significantly.

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.

Reports Flex Spaces in India, Flex Office Space, Office Space Demand in India, Office Space Supply in India, Office Space Absorption in India, Office Space Stock in India, Commercial Real Estate, 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

Over 80% occupiers plan to expand through flex spaces in the next 3-5 years

Location continues to be of significant importance to occupiers, with about 60% respondents considering it as the most important parameter for expansion. Interestingly, while expanding, occupiers are likely to lean towards flex spaces with attractive offerings in central areas as compared to facilities in peripheral areas. Going ahead, about 45% of surveyed occupiers would opt for future expansion through flex spaces in CBD/SBD locations of tier I or tier II cities. In terms of work-place strategy, flex spaces are likley to champion distributed work models. About half of the larger companies including Global Capability Centers (GCCs) and MNCs envisage flex spaces to act as both hub and spoke offices in the next few 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 Green Building, Green Office Building, Green Office Spaces, IGBC, LEED Certified Buildings, Colliers Report, India Real Estate News, Indian Realty News, Real Estate News India, Indian Realty News, Real Estate News India, Indian Property News, Best Property Portal, Best Real Estate Website, Real Estate Journalists

Occupier interest growing in green office spaces; 75% share in H1 2024

Bengaluru and Mumbai saw the highest leasing in green-certified buildings, accounting for over 50% share in Q2 2024. About 80% of Technology as well as Engineering & Manufacturing firms prefer taking up spaces in green-certified buildings. Majority of the upcoming supply in various construction stages is expected to be green-certified, expanding green office stock to over 600 mn sq ft in next 2-3 years.

Reports Real Estate Investment, Property Market Investment, Cap Rates, 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 Journalist

Office sector leads movement: Colliers Q2 2024 APAC Cap Rates Report

In Bangalore, the cap rates for the logistics & warehousing assets continue to remain flat Q-o-Q with significant volume registered in lease transactions. Similarly, rental rates and capital values for Grade A commercial office segment have been flat with no significant change. Though interest rate regime is stable, the impact on the cap rate movement is limited due to transaction volumes and perceived risk not changing much. 

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