News

GCCs dominate India`s flexible workspaces office market, Bengaluru leads Global capability centres (GCCs) occupied flexible workspaces across eight key markets in India increased from 17,380 in 2023 to 22,881 in the first nine months of 2024, a report showed on Thursday.  This resurgence is linked to slower economic growth in the US, prompting companies to leverage India’s cost advantages and talent pool, boosting demand for flexible workspaces, according to the report by Knight Frank India. This highlights India’s cost-efficiency and skilled w...
GCCs dominate India`s flexible workspaces office market, Bengaluru leads
GCCs dominate India`s flexible workspaces office market, Bengaluru leads
Source: IANS
2024-10-25 10:41:26 am
Mumbai's real estate thriving due to stable interest rates, strong economic outlook The real estate sector in the financial capital is witnessing a significant increase in demand thanks to stable interest rates and a pipeline of new projects, industry experts said on Sunday.  The Mumbai Metropolitan Region (MMR) region is experiencing significant investment, driven by increasing property values and improved connectivity. “The demand for luxury properties is particularly strong in emerging areas like Andheri, Santacruz, Mulund, Goregaon and Borivali,” s...
Mumbai's real estate thriving due to stable interest rates, strong economic outlook
Mumbai's real estate thriving due to stable interest rates, strong economic outlook
Source: IANS
2024-09-01 04:29:12 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
Perspective on the Indexation Amendment by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India Below the Perspective on the Indexation Amendment by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India   “The Indian government's decision to allow taxpayers to choose between a 12.5% tax rate without indexation or a 20% rate with indexation on long-term real estate transactions (acquired before July 23, 2024) is a significant development. This move offers flexibility for sellers, who can now choose the option that best suits their financial situ...
Perspective on the Indexation Amendment by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India
Perspective on the Indexation Amendment by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India
Source: PR Agency
2024-08-07 06:02:23 pm
Home affordability remains stable in India as interest rates stay steady Home affordability has remained stable in the first half this year as interest rates have stayed steady since the end of 2023, a report showed on Wednesday. According to Knight Frank India’s Affordability Index, Ahmedabad is the most affordable housing market among the top eight cities, with a ratio of 21 per cent. It is followed by Pune and Kolkata at 24 per cent each. Mumbai was the only city that remained marginally higher than the threshold at 51 per cent. Stable affordabil...
Home affordability remains stable in India as interest rates stay steady
Home affordability remains stable in India as interest rates stay steady
Source: IANS
2024-08-07 12:46:57 pm
India received $3 billion from global PE investors in Jan-June period India ranked fifth in cross-border real estate investments in the Asia-Pacific region, attracting 9 per cent of the total volume of investment within the region in the first half this year, a report showed on Saturday.  According to a Knight Frank report, the total cross-border investments in APAC touched $11.5 billion, with India receiving $3 billion from global private equity investors. Cross-border investments in Asia-Pacific are projected to rise by more than 33 per cent in H2 ...
India received $3 billion from global PE investors in Jan-June period
India received $3 billion from global PE investors in Jan-June period
Source: IANS
2024-08-03 03:34:45 pm
India warehousing space demand skyrockets amid robust manufacturing Amid growing demand from the manufacturing sector, warehouse transactions across eight primary markets in India were recorded at 23 million square feet in the first half this year, a report showed on Tuesday. Almost 55 per cent of these transactions occurred in 'Grade A' spaces, led by Mumbai which accounted for 20 per cent of the total warehousing volume, according to the report by Knight Frank India. "Demand from the manufacturing sector has compensated for the lull in e-...
India warehousing space demand skyrockets amid robust manufacturing
India warehousing space demand skyrockets amid robust manufacturing
Source: IANS
2024-07-30 12:18:40 pm
Delhi-NCR 5th most expensive office space rental market in Asia-Pacific Delhi-NCR is the fifth most expensive office space rental market in the Asia-Pacific (APAC) region, as transactions across the three major markets in India saw a notable 50 per cent increase in the second quarter (Q2) of 2024, a report showed on Monday.  Prime office rents remained steady in Delhi-NCR, Mumbai and Bengaluru, according to the Knight Frank APAC Prime Office Rental Index. “The prime office market in Delhi-NCR has sustained rental values consistently over the past...
Delhi-NCR 5th most expensive office space rental market in Asia-Pacific
Delhi-NCR 5th most expensive office space rental market in Asia-Pacific
Source: IANS
2024-07-29 04:07:53 pm
Global Capability Centres to absorb 26 mn sqft of office space in India by 2027 Driven by India's potential to enhance processes amid improved business sentiments, Global Capability Centres (GCCs) are estimated to reach 26 million square feet by 2027, up from 19.69 million square feet in 2023, a report showed on Thursday. Transaction activities have increased by 16 per cent from 16.99 million square feet in 2018 with GCCs completing 6,667 office leasing deals across eight major cities between 2018 and 2023, according to the report by Knight Frank India. IT/ITeS...
Global Capability Centres to absorb 26 mn sqft of office space in India by 2027
Global Capability Centres to absorb 26 mn sqft of office space in India by 2027
Source: IANS
2024-07-25 05:47:04 pm
Private equity investments in Indian real estate surge 15 pc to $3 bn in H1 2024 Private equity (PE) investments in the Indian real estate sector surged 15 per cent (year-on-year) to $3 billion in the first half this year, from $2.6 billion in H1 2023, a report showed on Wednesday.  The warehousing sector accounted for the largest share of 52 per cent of total PE investments in the January-June period, followed by residential (29 per cent) and office (20 per cent), according to the latest data from Knight Frank India. PE investments in the residential sector al...
Private equity investments in Indian real estate surge 15 pc to $3 bn in H1 2024
Private equity investments in Indian real estate surge 15 pc to $3 bn in H1 2024
Source: IANS
2024-07-17 04:20:46 pm
Real estate sector booming, Sentiment Index Score at a decadal high Real estate sector in India is in a booming stage. As per The Knight Frank-NAREDCO Real Estate Sentiment Index Q1 2024 (January-March) report, the Current Sentiment Index Score jumped to 72, compared to last quarter's 69, setting a decadal high. The Future Sentiment score experienced an increase, rising from 70 in Q4 2023 to 73 in Q1 2024. A score of 50 indicates neutrality, scores above 50 signal positive sentiment, and scores below 50 denote negative sentiment. As per this quar...
Real estate sector booming, Sentiment Index Score at a decadal high
Real estate sector booming, Sentiment Index Score at a decadal high
Source: IANS
2024-05-20 04:31:47 pm
Perspective on the RBI MPC Meeting by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India Below the perspective on the RBI MPC Meeting by  Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India   “The central bank’s decision to maintain a pause in policy repo rate is in line with our expectation, and we consider this a comforting signal for the industry. Even though the inflationary pressures in most consumption categories have ebbed, food inflation continues to remain volatile. The RBI continues to remain watchful of inflationary e...
Perspective on the RBI MPC Meeting by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India
Perspective on the RBI MPC Meeting by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India
Source: Knight Frank India
2024-02-08 01:49:57 pm
Perspective on the Interim Budget 2024 by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India Below the perspective on the Interim Budget 2024  by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India   “The union budget presented today by the honourable Finance Minister has further strengthened the government’s commitment towards long- term social and infrastructure development. Though it is an interim budget due to the impending elections, today’s announcements by the Union Finance Minister are significant in many asp...
Perspective on the Interim Budget 2024 by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India
Perspective on the Interim Budget 2024 by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India
Source: Knight Frank India
2024-02-01 04:49:49 pm
Perspective on the expectations from the upcoming Interim Budget by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India Below the perspective on the expectations from the upcoming Interim Budget by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India.   "The primary aspiration of the typical Indian is to have a home of their own, a formidable undertaking in a developing nation like ours. While the government has taken steps through the Pradhan Mantri Awas Yojana to address this issue, home ownership is still far from reality for the masses of the country. &nb...
Perspective on the expectations from the upcoming Interim Budget by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India
Perspective on the expectations from the upcoming Interim Budget by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India
Source: Knight Frank India
2024-01-25 12:11:41 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
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
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