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Hyderabad fastest-growing among 6 Indian cities amid real estate surge Among six leading Indian cities, Hyderabad stands out as the fastest-growing one driven by robust infrastructure development and surging real estate demand, a report showed on Tuesday.  Meanwhile, Mumbai-MMR maintains steady growth across all metrics, reaffirming its position as India’s financial capital, and Delhi-NCR ranks highest for its superior physical infrastructure and governance, according to ‘India Prime City Index’ report by Knight Frank India. On the o...
Hyderabad fastest-growing among 6 Indian cities amid real estate surge
Hyderabad fastest-growing among 6 Indian cities amid real estate surge
Source: IANS
2024-11-19 02:07:59 pm
Quote on IIP and CPI Numbers by Mr. Vivek Rathi, National Director Research, Knight Frank India Below the quote on IIP and CPI Numbers by Mr. Vivek Rathi, National Director Research, Knight Frank India   “Price pressures remained persistent in Oct’ 24 scaling up to a 14 month high with headline inflation ticking upwards with food inflation at 10.87% being the primary cause. Additionally, ongoing geopolitical volatility, coupled with a depreciating rupee, is likely to exacerbate inflation, particularly import inflation, further constri...
Quote on IIP and CPI Numbers by Mr. Vivek Rathi, National Director Research, Knight Frank India
Quote on IIP and CPI Numbers by Mr. Vivek Rathi, National Director Research, Knight Frank India
Source: Knight Frank India
2024-11-13 11:33:16 am
India`s Gen Z prefers to renting a place than owning a home As Baby Boomers, Gen X and millennials prefer to buy homes in India, Gen Z shows a notable difference and lean towards renting a place, according to a report on Thursday.  Baby boomers favour investments but millennials prefer to upgrade their property and the reasons for purchasing a home show distinct generational difference, according to a Knight Frank report. About 79 per cent of Baby Boomers, 80 per cent of Gen X and 82 per cent of Millennials favour homeownership, while among...
India`s Gen Z prefers to renting a place than owning a home
India`s Gen Z prefers to renting a place than owning a home
Source: IANS
2024-11-07 04:31:15 pm
Large office spaces reach 45 pc of overall commercial transactions in India Large office space contributed 45 per cent of the overall commercial transactions across eight leading cities in the country in the January-June period this year, a report showed on Friday.  Transactions for office spaces above 100,000 square feet recorded a substantial YoY growth of 54 per cent in the first half of 2024 — at 15.69 million square feet from from 10.18 million square feet in H1 2023, the report by Knight Frank India sated. Bengaluru’s commercial market co...
Large office spaces reach 45 pc of overall commercial transactions in India
Large office spaces reach 45 pc of overall commercial transactions in India
Source: IANS
2024-09-13 11:30:23 am
6.7 pc GDP growth inspiring despite deepening geopolitical distress: Industryind  India has been in a glorious position post-Covid, being the fastest-growing economy in the world with over 7 per cent growth which is visible across the board and if we continue to grow at 7 per cent, the effective growth rate is expected to be 11-12 per cent because we have a very strong parallel economy which is also functioning strong, experts said on Friday.  India’s growth at 6.7 per cent in the first quarter (Q1) of FY2024-25 is inspiring despite deepening geopolitic...
6.7 pc GDP growth inspiring despite deepening geopolitical distress: Industryind
6.7 pc GDP growth inspiring despite deepening geopolitical distress: Industryind
Source: IANS
2024-08-31 09:17:12 am
Over 200 pc surge in property registrations among Mumbai`s elderly post-Covid The share of overall property registrations by buyers of aged 61 and above surged 204 per cent in Mumbai, increasing from 7,554 in 2020 to 15,276 in 2024, as elderly buyers sought better properties for a stable lifestyle, a report showed on Friday.  The proportion on registrations in this age group increased from 12 per cent in 2020 to 18 per cent in 2023. In 2023, a total of 22,849 senior citizens registered their property purchases, whereas, in 2024 till July, this number was rec...
Over 200 pc surge in property registrations among Mumbai`s elderly post-Covid
Over 200 pc surge in property registrations among Mumbai`s elderly post-Covid
Source: IANS
2024-08-30 12:30:10 pm
Mumbai clocks 2nd highest prime property price rise on global index in April-June The financial capital recorded a significant increase on the international index in the second quarter this year -- ranking second in terms of annual price growth as a reflection of the surge in residential demand in the city, especially for prime properties, a report showed on Friday.  Mumbai, with a price rise of 13 per cent (year-on-year) in prime residences, recorded the second highest (YoY) growth in prime residential prices in Q2, pushing it up the ranking table to second positi...
Mumbai clocks 2nd highest prime property price rise on global index in April-June
Mumbai clocks 2nd highest prime property price rise on global index in April-June
Source: IANS
2024-08-23 02:33:26 pm
Annual logistics rental growth in Delhi-NCR best among Indian cities Delhi-NCR has been rated among top 10 Asia-Pacific logistics markets for annual rental growth for the first half this year, a report said on Thursday.  At 3 per cent rental growth, the Delhi-NCR logistics rental market recorded better growth, while Mumbai (2.3 per cent) and Bengaluru (2.3 per cent) were marginally below the regional growth figure, according to the report by Knight Frank. Delhi-NCR is positioned eighth in the APAC logistics market based on annual rental growth. At R...
Annual logistics rental growth in Delhi-NCR best among Indian cities
Annual logistics rental growth in Delhi-NCR best among Indian cities
Source: IANS
2024-08-22 10:57:06 am
Future outlook for residential market in India remains optimistic The future outlook for the real estate market remains in the optimistic territory in India, showcasing the sector's resilience with notable activity in residential and office demands, a report showed on Wednesday.  The Knight Frank–NAREDCO report cited that the ‘Current Sentiment Index Score’ has moderated to 65 from its all-time high in Q1 2024, indicating a measured outlook among stakeholders. Future sentiment score for this period also recorded a recalibration...
Future outlook for residential market in India remains optimistic
Future outlook for residential market in India remains optimistic
Source: IANS
2024-08-14 02:40:42 pm
Indexation amendment on long-term property transactions to offer flexibility for sellers Industry experts on Wednesday hailed the government's decision to introduce an amendment to long-term capital gains (LTCG) tax on real estate transactions, saying the move will offer flexibility for sellers.  Paying heed to the industry's demand, the government on Tuesday moved an amendment to the Finance Bill 2024, to allow taxpayers to select either a 12.5 per cent long-term capital gains (LTCG) tax rate without indexation or a 20 per cent rate with indexation for property a...
Indexation amendment on long-term property transactions to offer flexibility for sellers
Indexation amendment on long-term property transactions to offer flexibility for sellers
Source: IANS
2024-08-07 03:15:01 pm
India sees highest-ever office space transactions with 33 pc growth in Jan-June period  India’s office market clocked the highest-ever transaction volume in the January-June period this year at 34.7 million square feet across the top eight cities, a report showed on Thursday.  The transactions recorded a growth of 33 per cent (year-on-year) in H1 2024, from 26.1 million square feet in H1 2023, according to the report by Knight Frank India. Bengaluru remained the largest office market with transactions of 8.4 million square feet, accounting for 26 per cent ...
India sees highest-ever office space transactions with 33 pc growth in Jan-June period
India sees highest-ever office space transactions with 33 pc growth in Jan-June period
Source: IANS
2024-07-04 05:05:26 pm
Affordable housing to stay out of reach in major economies due to lack of supply Major economies grappling with housing crises will struggle to crank up the supply of affordable homes in coming years, according to a Reuters poll of property analysts who said more government intervention was needed to improve the situation. House prices in most major property markets were forecast to rise over 4% this year thanks to supply lags and expectations that top central banks will cut rates soon. That is a relatively modest appreciation as property values are already very high. ...
Affordable housing to stay out of reach in major economies due to lack of supply
Affordable housing to stay out of reach in major economies due to lack of supply
Source: Reuters
2024-05-31 02:49:37 pm
India's small shopping centres turning into ghost malls, says Knight Frank India's small malls are increasingly turning into ghost malls as consumers move towards online purchases and bigger shopping centres for a better experience, a consultancy report said on Tuesday. Mall properties with a vacancy rate of more than 40% have been termed ghost malls. While there was a 238% year-on-year increase in the Gross Leasable Area (GLA) of all shopping centres in prime Indian markets in 2023, the number of ghost malls rose to 64 from 57 in 2022, said real estate co...
India's small shopping centres turning into ghost malls, says Knight Frank
India's small shopping centres turning into ghost malls, says Knight Frank
Source: Reuters
2024-05-07 04:21:01 pm
Comment on the Knight Frank Office Space Report by Mr Amal Mishra, Co-founder, UrbanVault, a Bengaluru-based managed co-working space provider Below the comment on the Knight Frank Office Space Report by Mr Amal Mishra, Co-founder, UrbanVault, a Bengaluru-based managed co-working space provider   The demand for Grade A office space and managed flexible office solutions is experiencing sustained growth, fueled by several factors, including the increasing interest from Global Capability Centers (GCC). Additionally, key sectors such as Banking, Financial Services, and Insurance (BFSI) and Information Technology (IT) con...
Comment on the Knight Frank Office Space Report by Mr Amal Mishra, Co-founder, UrbanVault, a Bengaluru-based managed co-working space provider
Comment on the Knight Frank Office Space Report by Mr Amal Mishra, Co-founder, UrbanVault, a Bengaluru-based managed co-working space provider
Source: PR Agency
2024-04-04 11:55:00 am
Quote on IIP and CPI Numbers By Mr. Vivek Rathi, Knight Frank India  Below the Quote on IIP and CPI Numbers by Mr. Vivek Rathi, Director Research, Knight Frank India   “Consumer headline inflation in Jan’24 ebbed to 5.1% supported by broad based price slowdown across all the categories including the food basket. A slowdown in the inflation eases the price pressure on the household personal consumption expenditure, especially in the lower income category which is more susceptible to increase in prices. Going forward, in th...
Quote on IIP and CPI Numbers By Mr. Vivek Rathi, Knight Frank India
Quote on IIP and CPI Numbers By Mr. Vivek Rathi, Knight Frank India
Source: Knight Frank India
2024-02-13 10:23:13 am
Tamil Nadu economy expected to grow to US$ 2.6 Tn but will need investments of US$ 111 Bn by 2047 - Knight Frank India In its latest report – Tamil Nadu: Unveiling Economic Dynamism and Future Potential, by Knight Frank India, a leading real estate consultancy in the country, in association with the Confederation of Real Estate Developers' Associations of India (CREDAI)- Tamil Nadu, has estimated that Tamil Nadu’s Nominal Gross State Domestic Product (GSDP) would expand to approximately US$ 2.6 trillion by FY 2047-48. Tamil Nadu stands as the second-largest state economy in I...
Tamil Nadu economy expected to grow to US$ 2.6 Tn but will need investments of US$ 111 Bn by 2047 - Knight Frank India
Tamil Nadu economy expected to grow to US$ 2.6 Tn but will need investments of US$ 111 Bn by 2047 - Knight Frank India
Source: Knight Frank India
2024-01-29 12:29:38 pm
Real estate stocks jump up to 15% Real estate stocks are on fire with the realty index jumping more than 5 per cent on Thursday. The BSE Realty index is up 5.63 per cent by far the top performer, while Sobha is up 15 per cent, Godrej Properties 8 per cent, Lodha 7 per cent, Brigade 6 per cent, DLF 6 per cent and Oberoi Realty up 5 per cent. Motilal Oswal Financial Services said in a report after underperforming its listed peers on pre-sales growth over FY21-23, "we believe Sobha is set to outperform in terms of gro...
Real estate stocks jump up to 15%
Real estate stocks jump up to 15%
Source: IANS
2024-01-04 12:28:38 pm
Indian office space transactions at 4-year high as corporate sentiment rises Office space leasing transactions in India's top eight cities including Bengaluru and Mumbai, driven by high demand from global and local companies, rose 15% year-on-year in 2023, the highest since 2019, an industry report said on Wednesday. Office space transactions, an indicator of corporate sentiment, touched 59.6 million square feet, marginally lower than a record 60.6 million square feet achieved before the pandemic in 2019, a report by a real estate consultancy Knight Frank said....
Indian office space transactions at 4-year high as corporate sentiment rises
Indian office space transactions at 4-year high as corporate sentiment rises
Source: Reuters
2024-01-03 05:25:37 pm
Ahmedabad tops list for affordable homes, Pune & Kolkata tie at 2nd spot Ahmedabad, Pune and Kolkata are the country’s most affordable cities for home buyers while Mumbai continues to be the most expensive followed by Hyderabad, according to the latest Affordability Index report by real estate consultancy firm Knight Frank India. Ahmedabad tops the list of affordable housing markets with an EMI to income ratio for households at 21 per cent. In simple terms this means that an average household in Ahmedabad would need to spend 21 per cent of its income t...
Ahmedabad tops list for affordable homes, Pune & Kolkata tie at 2nd spot
Ahmedabad tops list for affordable homes, Pune & Kolkata tie at 2nd spot
Source: IANS
2023-12-28 05:17:48 pm
Steady policy interest rates and maintained policy stance was widely expected Says Mr. Shishir Baijal, Knight Frank India Perspective on the RBI MPC Meeting by  Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India Steady policy interest rates and maintained policy stance was widely expected and aligns with the trajectory of key global central banks. The undertone however remains precautionary over inflation risks in the upcoming months due to seasonal volatility in food prices. The decision will continue to support the existing momentum of residential real estate demand in India. D...
Steady policy interest rates and maintained policy stance was widely expected Says Mr. Shishir Baijal, Knight Frank India
Steady policy interest rates and maintained policy stance was widely expected Says Mr. Shishir Baijal, Knight Frank India
Source: Knight Frank India
2023-12-08 05:45:22 pm
Quote on Q2 GDP FY24 By Mr. Vivek Rathi, Knight Frank India Below is Perspective on Q2 GDP FY24  By Mr. Vivek Rathi, Director Research, Knight Frank India. “The 7.6% GDP growth in the September quarter has far exceeded the RBI’s 6.5% estimate for the period, ensuring that India remains on the growth path despite multiple global headwinds arising from economic and geo-political uncertainties. Noticeably, while the share of private consumption in the GDP has decreased, there is a noticeable increase in the share o...
Quote on Q2 GDP FY24 By Mr. Vivek Rathi, Knight Frank India
Quote on Q2 GDP FY24 By Mr. Vivek Rathi, Knight Frank India
Source: Knight Frank India
2023-12-01 02:30:45 pm
Mumbai achieves decadal high for month of November; 9,500+ properties registered in the month: Knight Frank India Despite fewer days working days in November due to a slew of holidays, Mumbai city (area under BMC jurisdiction) is expected to record 9,548 property registrations, contributing to INR 697 Crores (Cr) to the state government revenues. While registrations showed a 7% YoY rise, revenue from stamp duty increased by 2% compared to the preceding year. Of the overall registered properties, residential units constitute 80%, the remaining 20% constitute non-residential assets. Table: Mumbai proper...
Mumbai achieves decadal high for month of November; 9,500+ properties registered in the month: Knight Frank India
Mumbai achieves decadal high for month of November; 9,500+ properties registered in the month: Knight Frank India
Source: Knight Frank India
2023-11-30 02:42:41 pm
India set to shine in APAC`s growth narrative for 2024; Residential takes the lead, while warehousing and office maintain robust momentum Knight Frank's highly anticipated New Horizon Outlook 2024 report unveils optimistic forecasts for the landscape of Asia-Pacific real estate, encompassing predictions for the commercial, residential, and capital markets, including emerging trends, opportunities, and challenges. The report projects a remarkable 43.7% increase in Asia-Pacific logistics supply in 2024, offering a respite from the tight supply conditions that have characterized the region. Despite this surge...
India set to shine in APAC`s growth narrative for 2024; Residential takes the lead, while warehousing and office maintain robust momentum
India set to shine in APAC`s growth narrative for 2024; Residential takes the lead, while warehousing and office maintain robust momentum
Source: Knight Frank India
2023-11-29 05:23:43 pm
India requires an additional 2 billion sq. ft. of healthcare real estate to fulfill the existing population need: Knight Frank In their latest report, global real estate consultancy Knight Frank and their U.S. partners Berkadia, note that India is currently facing a deficit of 2 billion square feet of healthcare space to cater to its current population base of 1.42 billion people. The estimated need for additional beds to reach the recommended ratio of 3 beds per 1000 people is stands at 2.4 million beds. India has a considerable gap between the number of hospital beds available in the country and the number of hospi...
India requires an additional 2 billion sq. ft. of healthcare real estate to fulfill the existing population need: Knight Frank
India requires an additional 2 billion sq. ft. of healthcare real estate to fulfill the existing population need: Knight Frank
Source: PR Agency
2023-11-23 01:02:51 pm
Quote on CPI Numbers By Mr. Vivek Rathi, Knight Frank India  Below the quote on CPI Numbers by Mr. Vivek Rathi, Director Research, Knight Frank India “The moderation of consumer inflation to a four-month low of 4.87% is noteworthy, given the widespread nature of this decline across various product categories, including food and beverages and manufactured items, in October 2023. This decrease aligns with the Reserve Bank of India's (RBI) target range of +/-4%, indicating the effectiveness of the decision to prioritise e...
Quote on CPI Numbers By Mr. Vivek Rathi, Knight Frank India
Quote on CPI Numbers By Mr. Vivek Rathi, Knight Frank India
Source: PR Agency
2023-11-14 09:03:10 am
RBI MPC Announcement : We welcome Reserve Bank of India`s (RBI) decision to continue the pause in REPO RATE for the fourth consecutive time says Mr. Shishir Baijal, Knight Frank India Below the Quote on?RBI MPC Announcement by?Mr. Shishir Baijal Chairman & Managing Director, Knight Frank India?We welcome Reserve Bank of India?s (RBI) decision to continue the pause in REPO RATE for the fourth consecutive time. Continuation of pause in the Repo rate was much needed albeit looming inflationary pressure arising from ? rising crude prices and rupee depreciation. By pausing the policy rate, the central bank continues to maintain its focus on economic growth, which is facing head...
RBI MPC Announcement : We welcome Reserve Bank of India`s (RBI) decision to continue the pause in REPO RATE for the fourth consecutive time says Mr. Shishir Baijal, Knight Frank India
RBI MPC Announcement : We welcome Reserve Bank of India`s (RBI) decision to continue the pause in REPO RATE for the fourth consecutive time says Mr. Shishir Baijal, Knight Frank India
Source: Knight Frank India
2023-10-06 02:21:30 pm
Perspective on the expectations from the upcoming RBI MPC Meeting by Mr. Shishir Baijal, Knight Frank India Below the perspective on the expectations from the upcoming RBI MPC Meeting by  Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India.?We expect the Reserve Bank of India?s Monetary Policy Committee (RBI MPC) to keep the REPO rate unchanged to remain supportive of growth. However, the central bank will likely maintain a precautionary stance because of the inflationary pressure arising from external factors such as rising crude prices and Indian currency, which is at...
Perspective on the expectations from the upcoming RBI MPC Meeting by Mr. Shishir Baijal, Knight Frank India
Perspective on the expectations from the upcoming RBI MPC Meeting by Mr. Shishir Baijal, Knight Frank India
Source: PR Agency
2023-10-05 04:20:03 pm
Residential demand at six-year high, records sales of 82,612 units in Q3 2023: Knight Frank India In its latest report ?India Real Estate Q3 2023?, premier real estate consultancy, Knight Frank India cited that the leading eight residential markets in India continued to show strong growth momentum. During Q3 2023 (July ? September 2023), these markets saw a surge in demand with sales of 82,612 residential units recording a growth of 12% YoY. In volume terms Q3 2023 recorded a six-year high in quarterly sales volumes. The mid and the high ? end category of residential properties see a...
Residential demand at six-year high, records sales of 82,612 units in Q3 2023: Knight Frank India
Residential demand at six-year high, records sales of 82,612 units in Q3 2023: Knight Frank India
Source: Knight Frank India
2023-10-04 03:40:35 pm
Indian office market trends up steadily in 2023, records 16.1 mn sq ft of transactions during Q3 2023: Knight Frank India In its latest report ?India Real Estate Q3 2023?, premier real estate consultancy, Knight Frank India cited that the top eight markets of India has recorded office transactions of 16.1 million square feet (mn sq ft) recording a growth of 17% YoY during Q3 2023. The elevated demand in the Indian office market reflects the confidence of occupiers as India continues to see economic stability despite global uncertainties. Global corporates have shown an increased commitment to their India ...
Indian office market trends up steadily in 2023, records 16.1 mn sq ft of transactions during Q3 2023: Knight Frank India
Indian office market trends up steadily in 2023, records 16.1 mn sq ft of transactions during Q3 2023: Knight Frank India
Source: Knight Frank India
2023-10-04 03:33:24 pm
LVMH, Gucci to expand in India with new outlets in Reliance`s luxury mall Gucci, Cartier and Louis Vuitton are among brands to sign leases for stores in Indian tycoon Mukesh Ambani's new Mumbai mall, as luxury firms and Reliance Industries seek to profit from strong economic growth and a rapid rise in the number of millionaires.The Jio World Plaza, which an industry source said is likely to open this year, is located inside Reliance's $1 billion business and cultural hub in Mumbai's business district.Reliance has yet to disclose details about the tenants, but lease...
LVMH, Gucci to expand in India with new outlets in Reliance`s luxury mall
LVMH, Gucci to expand in India with new outlets in Reliance`s luxury mall
Source: Reuters
2023-09-15 03:47:53pm