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Indian real estate sector saw more land deals in 2024 at over 2,200 acres as developers were looking to expand the business, according to CBRE. Real estate consultant CBRE data showed that land deals of more than 2,200 acres last year as against about 1,900 acres in the preceding year. Out of the total land transactions in 2024, around 2,000 acres were located in the eight major cities -- Delhi-NCR, Bengaluru, Mumbai, Chennai, Pune, Hyderabad, Kolkata and Ahmedabad. Nearly 1,200 acres of land are meant for residential projects, around 580 acres for industrial & warehousing parks and 200 acres for data centres. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, "The significant growth in land deals across diverse asset classes highlights strong investor confidence in India's real estate market." The residential segment is booming due to rising urbanisation, favourable policies, and increased affordability, he ...
Chennai is set to add about 12-13 million sq ft of premium office space between 2025 and 2026 following strong demand from corporates engaged in various sectors and industry, a report by real estate consulting firm CBRE South Asia Pvt Ltd has said. Currently, the city is home to about 250 Global Capability Centres (GCC) that employ over 1.50 lakh professionals, constituting about 11 per cent of the total GCC talent. The presence of Global Capability Centres in Chennai is expected to touch 460 units by 2030, it said. Strategic policies by the government including the Tamil Nadu Startup and Innovation Policy, Research and Development Policy, payroll subsidy programme for newly established GCCs are solidifying the city's role as a hub for innovation and talent, the study has revealed. The real estate consulting firm CBRE, recently, released the report 'Tamil Nadu: The Epicentre of Capability and Innovation Leadership' which highlights the city's rising prominence as a key destination f
Equity investments in Indian real estate rose 46 per cent to USD 8.9 billion during January-September this year, according to CBRE. Real estate consultant CBRE noted that the equity investment in real estate is the highest since 2018 calendar year. Equity investments include those by private equity funds, pension funds, sovereign wealth funds, institutional investors, real estate developers, real estate fund-cum-developers, investment banks, corporate groups, and REITs, etc. As per the data, the equity investments in real estate stood at USD 5.8 billion in 2018; USD 6.4 billion in 2019; USD 6 billion in 2020; USD 5.9 billion in 2021; USD 7.8 billion in 2022; and USD 7.4 billion in 2023 calendar year. Investment activity in India's real estate market scaled a new peak in January-September 2024, on the back of a resurgence in capital deployment during the June quarter, Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa at CBRE, said. "Sustained ...
Nearly 50 per cent of public infrastructure in India is unprepared for disaster management, according to a survey by CBRE. The survey findings were released at a joint 'Infrastructure Management Conference 2024' organised by CBRE and Confederation of Indian Industry (CII) here. On Wednesday, real estate consultant CBRE said as per its survey on select large infrastructure assets on risk management parameters, "nearly 50 per cent of the public infrastructure in India is unprepared for disaster planning and management and needs greater attention". "India is grappling with a significant increase in both natural and man-made disasters, posing a threat to the economy, population and long-term sustainable development," the consultant said. The vulnerability to disasters is further exacerbated by a confluence of factors, including changing demographic and socio-economic conditions, unplanned urbanisation, development within high-risk zones, environmental degradation, climate change, and .
Domestic companies have taken 47 per cent of the total 154 million sq feet of office space leased since 2022 calendar year across nine major cities and the dominance of global firms particularly from the US has come down, according to CBRE. The real estate consultant CBRE noted that the share of domestic companies was one-third of the total office demand before 2022. CBRE's latest report India Inc's Ascension - The Rise of Domestic Firms as an Office Demand Driver showed that domestic companies accounted for nearly 47 per cent of overall office leasing activity from 2022 to H1-2024 "The total office leasing by domestic firms during 2022-H1 2024 period stood at 72 million square feet across the 9 cities. The total office leasing during this same period stood at around 154 million square feet. The nine cities include Delhi-NCR, Mumbai, Bangalore, Chennai, Hyderabad, Kolkata, Pune, Kochi and Ahmedabad," the consultant said. Anshuman Magazine, Chairman & CEO, India, Southeast Asia, ...
Around 350 million square feet of prime office space, valuing more than USD 60 billion, will become eligible by 2026 to get listed as Small and Medium Real Estate Investment Trusts (SM-REITs), according to CBRE. In March, capital markets regulator Securities and Exchange Board of India (Sebi) notified the framework for SM-REITs. At present, there are no listed SM-REIT in the country. Real estate consultant CBRE on Thursday released its report titled, 'Navigating the SM REIT Landscape - A Look at Regulations and Implications'. As per the report, the total completed office stock in India currently stands at over 800 million square feet, of which REIT-listed office inventory is over 88 million square feet. "The potential market for SM-REITs in India covers over 300 million square feet of completed commercial space, besides an additional 50 million square feet of space expected to be completed by 2026. This translates into an estimated market size of over USD 60 billion," the consultan
Office space leasing absorption in Kolkata surged 33 per cent year on year to 0.4 million square feet in the April-June quarter of 2024, according to the CBRE India Office Figures Q2 report. The key sectors driving absorption in Q2 2024 were technology (40 per cent), BFSI (21 per cent), and flexible space operators (10 per cent). "The office space leasing absorption in April-June 2024 was 0.4 million square feet against 0.3 million square feet in the YoY period, a CBRE official said. Another real estate consultant, Knight Frank India, also said that Kolkata's office market saw a significant increase in office leasing volume, with 0.7 million square feet of office space transacted in H1 2024 (January-June 2024). This represents a 23 per cent growth compared to H1 2023, according to Knight Frank India's report "India Real Estate: Residential and Office" (January-June 2024). Average office space rents increased by 6 per cent year-on-year (YoY) during H1 2024, it said. Knight Frank a