March 2024

Leasing demand for manufacturing space likely to touch 16 mn sq ft by 2024: JLL

Leasing demand for manufacturing space likely to touch 16 mn sq ft by 2024: JLL

Leasing demand for manufacturing space has increased and is projected to touch approximately 16 million sq ft by the end of 2024, JLL India said in a report. Leasing demand for manufacturing real estate space has increased and is projected to touch approximately 16 million sq ft by the end of 2024, JLL India said in a report. (Photo for representational purposes only) (Bloomberg file photo)...

At 27% Mumbai witnesses the highest coworking rental growth since FY20

At 27% Mumbai witnesses the highest coworking rental growth since FY20

Mumbai has seen the highest coworking average monthly rental growth of 27% in the last four years followed by Gurugram at 19%, a new report by MyHQ by Anarock has said.The six cities considered in the report include Mumbai, Delhi, Gurugram, Noida and Bengaluru. Mumbai has seen the highest coworking average monthly rentals growth of 27% in the last four years followed by Gurugram at 19%, a new...

Godrej Properties acquires land in Hyderabad for ₹1,300 crore housing project

Godrej Properties acquires land in Hyderabad for ₹1,300 crore housing project

Real estate major Godrej Properties Limited (GPL) announced on April 14 that it has acquired around 3-acres of land in Kokapet, Hyderabad, to develop a residential project with an estimated revenue potential of ₹1300 crore, the company said in a regulatory filing. Real estate major Godrej Properties Limited (GPL) announced on April 14 that it has acquired around 3-acres of land in Kokapet,...

Luxury brands lease 0.6 mn sq ft of retail space in 2023

Luxury brands lease 0.6 mn sq ft of retail space in 2023

Retail stores across high streets remained the top choice for luxury brands in India’s top eight cities in 2023. Also, the highest concentration of the luxury retail sector is in the Delhi-NCR region, which currently boasts nearly 80% of international luxury brands, according to a joint report by CBRE South Asia Pvt. Ltd and PHD Chamber of Commerce and Industry titled ‘The Ascent of Indian Luxe...

Cabinet’s approval of two Delhi Metro corridors to impact real estate markets

Cabinet’s approval of two Delhi Metro corridors to impact real estate markets

The Union cabinet’s approval of two new Delhi Metro corridors will not only provide improved connectivity and address the growing congestion in the city, it is also expected to reinvigorate the real estate markets along the Lajpat Nagar to Saket G-Block and Inderlok to Indraprastha routes. The Union cabinet’s approval of two new Delhi Metro corridors will not only provide improved...

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