India’s Logistics & Industrial Sector Set for Record Growth in 2024

India’s Logistics & Industrial sector is set to achieve over 50 MSF of leasing activity in 2024, marking the third consecutive year of record growth. Key drivers include e-commerce, retail, and manufacturing expansion, while rising land costs in prime markets are prompting the development of alternate logistics corridors. With 25 MSF of Grade-A warehousing supply expected over the next 2-3 years, the sector is positioned for sustained momentum into 2025, according to Cushman & Wakefield.

India’s Office Leasing Hits Record High in 2024 with 66.4 Million Sq Ft Activity

India’s office leasing market reached a historic high in 2024 with 66.4 million sq ft of activity, a 14% year-on-year growth. Bengaluru led the demand surge, recording 21.7 million sq ft of leasing. Flex spaces saw unprecedented growth, contributing 12.5 million sq ft, while Hyderabad and Mumbai crossed 10 million sq ft each for the first time.

TVS Emerald Acquires 12-Acre Land Parcel on Pallavaram-Thoraipakkam Road in One of Chennai’s Largest Real Estate Deals

TVS Emerald has acquired a 12-acre land parcel on Pallavaram-Thoraipakkam Road in Chennai, with plans to develop 2.5 million sq. ft. of residential space. The acquisition, one of the largest in the city in recent years, will generate an estimated revenue of INR 2800 crore and marks TVS Emerald’s continued growth in Chennai’s real estate market.

Housr Expands into Short-Stay Market with Launch of Luxury Managed Stays

Housr, a luxury managed living brand, has launched its new short-stay offerings for corporate travelers across four major cities in India. With over 30 properties available at launch, Housr aims to redefine business travel by offering tailored, flexible accommodations with premium services like housekeeping, WiFi, and buffet meals, targeting the growing corporate travel market.

Nitori Opens First Store in India at Mumbai’s R City Mall

Nitori, Japan’s largest home furnishing chain, has launched its first store in India at R City Mall, Ghatkopar, Mumbai. Offering a wide selection of high-quality, affordable furniture and decor, the store marks Nitori’s entry into the Indian market, with plans for further expansion across Asia.