India Leads Asia Pacific Office Market with 70% of Demand in Q3 2024, Driven by Flight to Quality

The Asia Pacific office market saw a 10.7% increase in demand in Q3 2024, driven by strong activity in India, New Zealand, and Singapore. India continues to dominate, accounting for over 70% of regional demand, as occupiers seek premium, ESG-compliant office spaces.

Office Demand Surges with 47 Million Square Feet Leased in First Nine Months of 2024

In Q3 2024, India’s office space demand soared to 17.3 million sq ft, marking a 31% increase year-on-year, bringing total leasing in the first nine months to 47 million sq ft. Bengaluru and Hyderabad drove this growth, with technology and BFSI sectors leading the charge. New supply also surged, reflecting strong developer confidence in the market.

Indian Real Estate Set for Breakthrough: Projected 16% Annual Growth to Reach $10 Trillion by 2047

A new report by Colliers and CREDAI forecasts that India’s real estate market will grow at an annual rate of 16%, reaching a value of $10 trillion by 2047. Driven by urbanization, demographic shifts, and infrastructure development, this growth will reshape various real estate sectors and create new investment opportunities.

Know How Much your Housing Price will Increase?

A Reuters poll forecasts a 7.8% rise in India’s house prices for 2024, primarily driven by luxury real estate demand. The CREDAI Housing Price Tracker reveals substantial price hikes in Bengaluru, Hyderabad, and Delhi NCR, while Mumbai’s prices remain stable.

Housing Prices Rise Across Top Indian Cities, Reports CREDAI-Colliers-Liases Foras

The residential real estate market in India’s top eight cities has continued…