Knight Frank

Pune sees 11% drop in property registration during Nov: Knight Frank

Registration of properties in Pune fell 11 per cent year-on-year in November to 13,371 units despite strong demand, according to Knight Frank India. In a statement on Saturday, real estate consultant Knight Frank India said Pune recorded 13,371 property registrations in November 2024, generating Rs 475 crore in revenue for the state exchequer. As many as 14,988 units were registered in November last year. Registration of properties fell 36 per cent in November compared to 20,894 units in October this year. Knight Frank India Chairman and Managing Director Shishir Baijal said, "Pune's property market continues to exhibit steady registrations, adapting to evolving buyer preferences and market conditions". Commenting on the data, Rohit Gera, Managing Director of Pune-based Gera Developments, said the registrations in November typically result from sales made in September. "There has been a marginal slowdown in sales as a result of increased prices as well as increased sizes of homes

India needs $2.2 trn investment to be $7 trn economy by 2030: Knight Frank

India will require an investment of USD 2.2 trillion for infrastructure development to become USD 7 trillion economy by 2030, Knight Frank India said on Thursday, while stressing on the need of radical measures to encourage private participation in this area. Real estate consultant Knight Frank India released a report, 'India Infrastructure: Reviving Private Investments', which mentioned that "an estimated investment of USD 2.2 trillion into infrastructure development is imperative to support India's GDP size to expand to USD 7 trillion by 2030." To achieve an economic size of USD 7 trillion by 2030, India's economy is required to grow at a CAGR of 10.1 per cent between 2024-2030, it added. Knight Frank India CMD Shishir Baijal said, "Strong impetus on infrastructural development and increased budgetary allocation by government has led to India's ranking in the Logistics Performance Index (LPI) improve from 54 in 2014 to 38 in 2023." In the last few years, he said, there has been .

Housing shortage to reach 31.2 mn units by 2030: CII-Knight Frank report

India is estimated to have a cumulative affordable housing shortage of 31.2 million units by 2030 with a potential market size of Rs 67 trillion, according to a joint report by CII and Knight Frank. Industry body CII and real estate consultant Knight Frank India on Wednesday released a joint report 'Affordable Housing in India' at a conference here, pointing out that there is already an existing shortage of 10.1 million units. Addressing the event, Ghulam Zia, Senior Executive Director, Research, Advisory, Infrastructure & Valuation at Knight Frank India, pointed out the shortage of affordable housing in India, presenting a huge business opportunity for real estate developers. "The cumulative Affordable housing shortage in India is projected to reach 31.2 million by 2030, with the market size estimated at Rs 67 trillion," he said. The affordable housing segment also could provide a lot of opportunities for financial institutions. "Based on the assumption of a 77 per cent loan ...

Tech investments are the future of hybrid work: Knight Frank's Lee Elliott

He highlighted that private wealth investors are diversifying portfolios and prioritising stable, income-generating assets

Hyderabad shines as fastest-growing city driven by real estate growth

Bengaluru tops in terms of socioeconomic performance; Delhi NCR leads in physical infra

Delhi-NCR 6th most expensive office market in Asia Pacific: Knight Frank

Delhi-NCR is the sixth most expensive office location in the Asia Pacific region, with an average monthly rental of Rs 340 per sq ft, while Mumbai ranked eighth in the list, according to Knight Frank India. Real estate consultant Knight Frank, in its latest edition of the Asia-Pacific Prime Office Rental Index for Q3 (July-September) 2024, said Delhi-NCR is the 6th most expensive office space rental market across the APAC region. Hong Kong SAR continues to be APAC's most expensive office market during the third quarter of this calendar year. Prime rents in the NCR remained stable in Q3 2024, while Mumbai and Bengaluru saw year-on-year (YoY) increases of 5 per cent and 3 per cent, respectively, driven by strong demand from corporates and limited new supply. The prime office market of Delhi-NCR continued to see rental values maintain levels seen in the past four quarters. The prime office rent of the region was recorded at Rs 340 per sq ft per month, making it the 6th most expensive

Crisis brewing? BS BFSI experts raise alarm on affordable housing supply

At the BFSI Insight Summit, industry leaders discuss challenges facing affordable housing, citing high demand but developers' reluctance due to costs, approvals, and low profits

Mumbai property registrations grow 13% during Navratri: Knight Frank

The region witnessed 5,199 property registrations during the nine days of Navratri, from October 3 to October 11, 2024

55% office space demand in top 8 cities for 100K sq ft area: Knight Frank

Around 55 per cent of the total office demand during January-June period across eight major cities was for an area up to 1 lakh square feet while the remaining 45 per cent leasing transactions were for larger workspaces, according to Knight Frank India. Real estate consultant Knight Frank data showed that transactions for office spaces above 1 lakh square feet stood at 15.69 million square feet during the first half of this calendar year. "Large office space contributed 45 per cent of the overall commercial transactions across eight leading cities in the country," it added. Office space leasing in mid-segment or spaces between 50,000 square feet and 1,00,000 square feet was recorded at 7.28 million square feet during January-June 2024, constituting 21 per cent of the total leasing transactions during this period. The consultant's data showed that office space leasing in small office spaces or spaces below 50,000 sq ft were recorded at 11.7 million square feet, accounting for 34 per

Fuelled by high demand, QTS level in India at a historic low: Knight Frank

The demand for luxury homes continues to drive the Indian residential market, but the affordable segment is shaky

Ahmedabad continues to be most affordable housing market in India: Report

Pune and Kolkata rank next in Knight Frank India's index, which says Mumbai is 'unaffordable'

GCCs may occupy 26 million sq ft office space by 2027: Knight Frank India

As per the report, between 2018 and 2023, 5,349 GCC-focused office deals under 50,000 square feet were finalised across eight cities

Office transactions hit record highs in H1 2024: Knight Frank India

The office market saw 25.1 million square feet completed in H1 2024

Housing sales up 11% in Jan-Jun to hit 10-yr peak in 8 cities: Knight Frank

Indian real estate market remained buoyant in January-June this year, with housing sales hitting an 11-year high at 1.73 lakh units and office demand at a record 34.7 million square feet across eight major cities, according to Knight Frank. On an annual basis, housing sales rose 11 per cent to 1,73,241 units while leasing of office space grew 33 per cent to 34.7 million square feet during January-June this year across eight major cities. Shishir Baijal, Chairman and Managing Director, Knight Frank India, said, "India's real estate market has been buoyant in the last few quarters owing to the strong economic fundamentals and stable socio-political conditions." As a result, the residential and office segments have recorded decadal-high numbers, he told reporters in a virtual press conference on Thursday. He noted that premium housing formed 34 per cent of all sales in the first half of 2024. "Concurrently, India's status as one of the fastest-growing large economies has positively

Mumbai clocks 12% growth in property registrations in June: Knight Frank

The registration of properties in the Mumbai municipal region rose 12 per cent annually in June to 11,575 units on better demand for housing assets, according to Knight Frank. Mumbai city (area under Bombay Municipal Corporation jurisdiction) saw registration of 11,575 units in June against 10,319 units in the same month last year, as per the data compiled by real estate consultant Knight Frank from the Maharashtra government portal. However, the number of registrations in June was lower than in May, when 12,000 units were registered. The bulk of the registration is for housing properties. Strong buyer confidence has kept property registrations in Mumbai above the 10,000 mark for the first six months of the 2024 calendar year. In June 2024, Mumbai experienced the highest number of property registrations for any June month in the past 12 years, the consultant said. Knight Frank attributed this surge to rising economic prosperity and a favourable sentiment towards homeownership. K

Mumbai city sees 12,000 property registrations in May, up 22% annually: Rpt

Registration of properties in Mumbai municipal region increased 22 per cent during May to 12,000 units driven by strong housing demand, according to real estate consultant Knight Frank. Citing Maharashtra government data, Knight Frank India said Mumbai city (area under BMC jurisdiction) recorded around 12,000 property registrations last month as against 9,823 units in May last year. State exchequer garnered Rs 1,034 crore in May 2024, up 24 per cent from the same month last year. Of the overall registered properties in May 2024, residential units constituted 80 per cent. "The continuous year-on-year growth in property sales and registrations provides a continuum to the growth story that propelled on the back of state government incentive and since then, despite a rise in average prices across the city, sales and registrations of properties have maintained the momentum," Shishir Baijal, Chairman & Managing Director, Knight Frank India, said. This reflects the appetite of the ...

Election impact on demand anticipated to be moderate: Shishir Baijal

As global uncertainties gradually abate, the robust Indian economy and favourable real estate fundamentals are anticipated to bolster private equity inflows into the sector

Optimism in real estate industry stakeholders highest in 10 years: Report

As many as 82% of the respondents expect residential prices to rise in the near future

'Ghost' shopping centres expand 59% in 2023, largest rise in NCR: Report

Almost Rs 6,700 cr 'trapped' in gross leasable space of such shopping centres, it says

Retail real estate in growth mode as consumption, incomes rise: Study

India's real estate sector is set to reach $1.5 trillion by 2034, accounting for 10.5 per cent of the economy, says the report