Commercial Real Estate: A Driving Force Behind India’s Economic Growth and Job Creation

India’s commercial real estate sector is a key driver of economic growth, creating jobs and supporting business expansion. With rising demand for office spaces and strategic infrastructure advancements, the sector is fueling regional and national economies.

Godrej Properties Acquires 3 Plots in Kharghar, But Many of 47 Auctioned by CIDCO Remain Untaken

Godrej Properties secures 3 prime plots in Kharghar through CIDCO’s auction, with a potential revenue of INR 3,500 crore. However, out of 40 plots auctioned, several remained unsold, indicating a possible slowdown in Navi Mumbai’s property market.

India’s Office Sector Achieves Record Leasing in Q3 2024, Vacancy Rates Hit Historic Low

India’s office sector saw record leasing activity in Q3 2024, with 24.8 million sq ft leased, a 66.4% YoY increase. Vacancy rates hit a historic low at 17.1%, driven by high demand from Global Capability Centers (GCCs) and the IT-BPM sector.

Industrial & Warehousing Demand Sees Robust Growth in 2024, Surpassing 20 Million Sq Ft of Leasing

Industrial and warehousing demand in India surged by 17% YoY in 2024, with 20.2 million sq ft leased by September. Delhi NCR and Chennai led the charge, with 3PL, engineering, and FMCG sectors driving leasing activity in the first three quarters.

Metro Line 3: A Game-Changer for Mumbai’s Real Estate Landscape

The launch of Mumbai Metro Line-3 is poised to revolutionize the city’s real estate market, enhancing connectivity and driving demand in key regions like South Mumbai and the western suburbs. With improved travel options and integrated transport networks, property values in areas like Dadar, Malad, and Worli are expected to rise.