Browsing Tag

Q3 2024

8 posts
Affordable housing

Housing Prices Continue to Rise Across India’s Top Cities, Up 11% YoY in Q3 2024: CREDAI-Colliers-Liases Foras Report

Housing prices across India’s top eight cities saw an 11% year-on-year rise in Q3 2024, marking the 15th consecutive quarter of growth. Delhi NCR recorded the highest price increase at 32%, followed by Bengaluru with a 24% rise. Unsold inventory continued to decline, signaling a steady demand despite market stabilization.
Hospitality industry

Hospitality Sector Sees 10.8% Year-on-Year RevPAR Growth in Q3 2024

The Indian hospitality sector reported a 10.8% Year-on-Year growth in RevPAR for Q3 2024, with Hyderabad leading the charge at 23.6%. The sector continues to benefit from strong corporate travel, new hotel openings, and an expected rise in MICE events.
Office real estate

BFSI and Flex Spaces Drive Office Space Demand in Q3 2024

The office space market in India saw a significant shift in Q3 2024, with BFSI and Flex Spaces driving a 20% increase in demand. Bengaluru and Hyderabad led absorption, while cities like Mumbai and Chennai experienced declines.
Flex Office spaces

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.
Indian retail

Main Streets Lead Retail Leasing Growth in Q3 2024; Rentals Surge Amid Tightening Vacancies

Cushman & Wakefield’s Q3 2024 Retail MarketBeat report highlights a strong retail leasing performance, with main streets driving the majority of the 1.6 million square feet leased across top cities. Rental rates surged in high-demand areas like Delhi NCR, Bengaluru, and Chennai, while tightening vacancies in Grade-A malls point to increasing demand for premium retail space.