Housing Sales Dip 11% Year-on-Year in Top 7 Cities; New Launches Fall Below 1 Lakh Units

In Q3 2024, India’s residential real estate market saw an 11% decline in housing sales across the top seven cities, totaling approximately 107,060 units. While new supply fell below 1 lakh for the first time since Q1 2023, strong demand continues to drive residential prices up by 23% year-on-year, indicating a stabilizing market following a two-year bull run.

Rent vs. Buy: Analysis of Residential Trends in India’s Top 7 Cities

The debate between renting and buying homes in urban India is heating up, with recent ANAROCK Research showing that rental values have surged in several cities, outpacing capital appreciation. As more residents evaluate their housing options, key micro-markets reveal significant trends that could influence individual decisions.

GCCs to Drive 40% of Demand for Grade A Office Space in India

Colliers report projects that Global Capability Centers (GCCs) will drive almost 40% of the demand for Grade A office space in India in the coming years. The report highlights the increasing role of GCCs, engineering, and BFSI sectors in the office space market, with major cities like Bengaluru, Hyderabad, Chennai, and Pune showing significant growth. ESG considerations are also shaping demand, with a substantial portion of office space expected to be green-certified.

Urban Vault Leases 100,000 Square Feet of Office Space in Brigade Summit, Whitefield

Urban Vault, a prominent managed co-working firm, has announced the leasing of…

Housing Crisis in India: Over 1,600 Projects Stalled Affecting 5 Lakh Families

Stalled Projects Impacting Housing Dreams Nationwide In a troubling development for the…