According to Knight Frank India’s latest report, India’s top eight office markets saw a huge jump in office transactions in the third quarter of 2023. Mumbai was the most active, accounting for 20% of the total, with office space transactions amounting to 3.2m sq ft. Global corporations have been investing heavily in India, with 44% of office transactions attributed to the setting up and expansion of GCs. India’s economy is still driving growth, with 37% of office transactions amounting to 6m sq ft in the third quarter.… Read more

India is rapidly becoming an urbanized nation, with the rate of urbanization increasing by 32% from 2013 to 2023. This is pushing the real estate industry to look for new markets with the potential to grow. A recent report from CREDAI and Cushman and Wakefield has identified 17 cities in India that have the potential to become the next growth markets. These cities are based on their current real estate development rate, retail presence, and the development of the residential market.… Read more

The Chief Minister of Sikkim, Prem Singh Tamang, has announced two housing schemes for those who lost their homes in the flash flood that ravaged the northern part of the state in October 2023. The schemes are the Puranwas Awas Yojna and the Janta Housing Colony scheme.… Read more

The report you are referring to, “Unlocking Opportunities with Infrastructure Development” by JLL-NAREDCO, predicts that housing sales in Mumbai are likely to cross Rs 1 lakh crore in 2023 and surpass Rs 2 lakh crore in 2030. This is a significant increase from the Rs 90,552 crore in sales recorded in 2022.… Read more

After a lull due to the pandemic, the real estate industry in Pune has seen a steady increase in luxury and premium home launches over the past two years. Developers have attributed this to people having more money to spend and feeling good about the real estate market. ANAROCK, a property consultancy, has found that 22% of all the 39,870 new tenements that will be launched in Pune this year will be luxury and premium houses. This series will make up 29% of all the 64,350 new launches in 2022. This year, 39% of the total 40,770 releases will be premium and luxury.… Read more

Living in a Tier II city is more than just fancy homes – it’s a lifestyle change that appeals to today’s discerning homebuyers. This shift in buying habits is changing the real estate landscape in these cities. Luxury independent floors are becoming more popular due to their affordability, the need for more space and privacy, better infrastructure, and a better quality of life. This trend has been especially noticeable in the Tri-City region of Panchkula, Chandigarh, and Mohali, and DLF Ltd. is excited to offer our next product, set in the beautiful Tri-city town, to meet this growing demand. We think this trend will only grow in the future as more homeowners look for big, exclusive, and high-end housing options … Read more