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colliers

Colliers Project Leaders Wins $250 Million World Trade Center Yerevan Project

Colliers Project Leaders has secured a $250 million contract to manage the development of the World Trade Center in Yerevan, Armenia. This mixed-use project will include commercial spaces, offices, and hotels, aiming to become a landmark in the city.
  • October 17, 2024
commercial real estate

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.
  • October 16, 2024
Godrej Properties

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.
  • October 16, 2024
new office supply

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.
  • October 16, 2024
Industrial and Warehousing real estate industry

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.
  • October 16, 2024