MMR Housing Market Overview: Q3 2024 Shows Mixed Trends in Launches and Sales

The Q3 2024 housing market overview for the Mumbai Metropolitan Region (MMR) reveals significant declines in both new launches and sales, with approximately 29,600 units launched—an 18% year-over-year decrease. Despite a challenging environment, affordable and mid-range segments continue to attract buyer interest, highlighting evolving trends in the region’s real estate landscape.

Urban Vault Expands Office Space in Bengaluru’s CBD to Meet Rising Demand

Urban Vault has expanded its presence in Bengaluru’s CBD by leasing 1.2 lakh square feet of office space to meet growing corporate demand for managed workspaces. The company, which now boasts over 2 million square feet of office space, aims to enhance its offerings to medium and large enterprises.

Amitabh & Abhishek Bachchan bought 10 flats in Mulund

Amitabh and Abhishek Bachchan have purchased 10 apartments in Mulund West for ₹24.95 crore, adding to their extensive real estate portfolio. This investment underscores their continued presence in the Mumbai property market, with significant acquisitions throughout 2024.

Global Network for Zero Hosts Leadership Roundtable to Propel India’s Net Zero Transition

The Global Network for Zero (GNFZ) recently hosted a Leadership Roundtable in Gurugram, bringing together India’s top sustainability leaders to discuss strategies for advancing the country’s net zero goals in alignment with the Viksit Bharat 2047 vision. The event emphasized collaborative efforts to overcome barriers to decarbonization, featuring key insights from industry leaders and recognizing outstanding projects achieving significant milestones in their journey toward sustainability.

India Emerges as Global Leader in Global Capability Centres

India has established itself as a premier destination for Global Capability Centres (GCCs), with over 1,800 centres occupying more than 240 million sq. ft. of Grade A office space. Recent reports indicate a projected growth to over 2,300 centres by 2026-27, underscoring India’s strategic importance in the global business ecosystem. The IT/ITeS, manufacturing, and BFSI sectors dominate this landscape, with Bengaluru leading in occupancy.