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.

How India Searched for Homes in 2024

Magicbricks’ 2024 report reveals the latest trends in India’s real estate market, showing a shift towards tier-2 cities, compact homes, and vastu-compliant properties. With varying preferences in metros and emerging towns, homebuyers are increasingly focused on location, floor levels, and parking needs, shaping the future of the housing sector.