Office leasing in seven cities falls 48% in Jan-Mar: Report – ET RealEstate

NEW DELHI: Net leasing of office space fell 48 per cent during January-March across seven cities due to the COVID-19 pandemic, but demand for the flexible space from corporates has increased, according to Cushman & Wakefield. In its latest quarterly report, property consultant Cushman & Wakefield said the net leasing of office space declined to […]

Net absorption in office market dips 33% at 5.53 million sq ft in Q1 2021: JLL – ET RealEstate

NEW DELHI: The overall office market in India witnessed a net absorption decrease of 33% in Q1 2021 quarter-on-quarter (Q-o-Q), with 5.53 million sq ft leased during Jan to March 2021, according to a recent report by JLL India. Bengaluru, Hyderabad and Delhi NCR accounted for nearly 80% of the net absorption during the quarter. […]

Mumbai region, Pune lead housing activity, accounts for 53% sales in top eight cities in Q1 – ET RealEstate

Property markets of Mumbai Metropolitan Region (MMR) and Pune are driving the most housing sales among the country’s top seven cities as indicated by the rising contribution of these markets in total sales led by reduction in stamp duty, discounts and appropriate product strategies of developers. MMR and Pune accounted for 53% of total sales […]

Residential sales recover over 90% to pre-covid levels in Q1 2021: Report – ET RealEstate

NEW DELHI: Residential sales in Jan-March 2021 recovered to more than 90% of the volumes witnessed in Q1 2020 across the top seven cities, according to a recent report by JLL. The cities including Chennai, Hyderabad, Kolkata, and Pune surpassed the sales volumes of Q1 2020. Mumbai has consistently been the largest contributor to sales […]

Office markets in seven cities have potential space of 284 million sq ft: JLL – ET RealEstate

NEW DELHI: JLL believes that India’s current office markets across seven major cities have potential space of 284 million sq ft that could be securitised with an estimated value of Rs 2,62,800 crore. “This estimate was based on buildings that meet two important criteria – single ownership and large floor space with high occupancy rate. […]

Flexible workspaces to lease three million sq ft of space in 2021: Report – ET RealEstate

NEW DELHI: During 2021, flexible workspace operators are likely to lease about 3 million sq ft of space across the top six Indian cities, as operators are likely to focus on signing large enterprise-level deals and cut down on speculative centers, according to a recent report by Colliers India. During 2020, flexible workspace operators leased […]

Office space leasing across India’s six major cities likely to grow 22% in 2021: Report – ET RealEstate

Office space absorption across India’s six major cities is expected to touch 41.3 million sq ft in 2021 marking a growth of 22% from last year despite the disruption caused by the pandemic in the last few quarters, said international property consultant Savills India. Of the major cities, the country’s financial capital Mumbai is likely […]

Share of studio apartments supply in top cities dips for first time in seven years – ET RealEstate

Representative Image Amidst rising demand for relatively bigger size apartments led by the COVID19 pandemic realities, property developers’ focus on compact studio apartments, which had emerged as a favourite option among urban millennials in the last few years, has come off. For the first time in the last seven years, the share of studio apartments […]

Institutional investments in Indian real estate to increase by 14.6% in 2021: Report – ET RealEstate

NEW DELHI: Institutional investments in Indian real estate will grow by 14.6% to Rs 396 billion from Rs 346 billion in 2020, according to a recent report by Colliers International India. Institutional investments in 2020 had witnessed a drop of 23% from 2019. “The investment climate in India is very buoyant with global investors’ interest […]

NRIs eye luxury homes post-pandemic; Bengaluru & Pune in high demand: Survey – ET RealEstate

The luxury residential real estate once again seeing huge interest from Non Resident Indians (NRIs) due to plethora of reasons that have made the last few months the best time to invest in a home after rising instances of delays and consumer activism in the last few years had impacted sales from this segment. ANAROCK’s […]