Office market hits record 75.2 mn sq ft gross absorption in 2024: Savills India
The Indian office market has demonstrated impressive resilience and growth, reaching a historic high in gross absorption with 75.2 million sq ft.
The Indian office market has demonstrated impressive resilience and growth, reaching a historic high in gross absorption with 75.2 million sq ft.
At present, there are 2977 branded residence units registered in India. This is around ~ 10% of the global market supply.
Fuelled by steady income growth amid property price hikes, homebuyer affordability has improved in 7 out of 8 cities in 2024.
Casagrand's Pay 10% Now, 90% Later scheme for homebuyers alleviates the double financial strain of paying rent and EMI simultaneously.
Housing sales in the top 7 cities witnessed a marginal 4% decline in 2024, however, the overall sales value of housing units saw a 16% yearly jump.
Bengaluru drove Grade A office space demand, with highest-ever office leasing volume of 21.7 million square feet.
Delhi-NCR's remarkable performance in the Housing Price Index is a testament to the region's strong fundamentals, underpinned by robust demand and strategic developments in key micro-markets.
Signature Global's flagship premium project De-luxe DXP - located at Sector 37D, has helped it cement its strong presence alongside Dwarka Expressway.
Housing supply fell to 85,765 units in Q4 CY2024 as against 1,27,936 units in the same period last year.
The annual housing stock of Navi Mumbai’s Airoli is expected to cross 1.85 lakh units by 2030, according to a report by Liases Foras.