Page 3 - Knight Frank

Property registrations in Mumbai 37% higher during Navratri this year

Maharashtra earned Rs 435 crore from the registration of these properties this year

Global residential prices fall but high demand keeps Indian cities costly

The global rank of top Indian cities in terms of residential price rise has jumped significantly: Knight Frank

Demand for luxury homes overtakes affordable ones for first time in India

The number of homes sold in India in July-September quarter this year touched a six-year-high: Knight Frank

Bengaluru, Delhi among top 10 APAC cities with highest warehouse rent rise

Manila topped the list with a 49.8% rise in warehouse rent, followed by 38.6% in Sydney and 23.8% in Brisbane: Knight Frank

Home registrations in Pune doubled to 13,000 units in August: Knight Frank

Homebuyers in the age group of 30-40 years constituted the largest buyer segment in Pune with a market share of 55%

States, UTs collected Rs 2 trn in FY23 from realty sector: Knight Frank

The real estate sector is one of the major contributors to revenue of states and UTs, which collected an estimated Rs 2 lakh crore during last fiscal year in various forms, including stamp duties, according to a Naredco-Knight Frank India report. This is equivalent to 5.4 per cent of the total revenue collected by all states and UTs in India during 2022-23, it added. "Real estate sector is one of the key contributors to the revenue of state governments. In FY 2022-23, an estimated Rs 2 trillion was collected by all states and UTs (Union Territories) in India from stamp duties, registration fees and land revenue," the report said. Realtors' body Naredco and property consultant Knight Frank India recently released a report 'India Real Estate: Vision 2047'. As per the projection of the report, the size of the Indian real estate sector is estimated to jump more than 12-fold to USD 5.8 trillion by 2047 from USD 477 billion last year. The sector will contribute over 15 per cent to the .

Mumbai sees 27% rise in property registration in August: Knight Frank

Mumbai municipal area saw an annual increase of 27 per cent in registration of properties in August at 10,902 units on better housing demand, according to Knight Frank India. The registration of properties in Mumbai city -- the area under the jurisdiction of Brihanmumbai Municipal Corporation -- stood at 8,552 units during August last year. In July, 10,221 units were registered. Of the total registrations this month, around 80 per cent is for housing. The data pertains to both primary (fresh) and secondary (resale) markets. The revenue collection stood at Rs 810 crore for the state government. "Mumbai's residential market continues to remain strong as aspiring homebuyers embrace the trend. Remarkably, the share of registration of properties valued at Rs 1 crore and above continues to rise, led by surge in property prices and increasing preference among homebuyers for more spacious accommodation," Knight Frank India Chairman and Managing Director Shishir Baijal said. Overall, Baija

Mahindra Lifespace hits new high, soars over 9% on growth optimism

Knight Frank India, in association of NAREDCO has projected India's real estate sector to expand to $5.8 trillion and contribute 15.5 per cent to the total economic output by 2047.

Mumbai to see the highest rise in residential prices in the world in 2024

At 48.8%, Dubai saw the steepest price rise in home prices in the quarter that ended on June 31 as compared to the same quarter last year: Knight Frank

Ahmedabad most affordable city in India; Pune, Kolkata follow: Knight Frank

Mumbai is the least affordable city followed by Hyderabad and the National Capital Region

Art, watches & luxury handbags to see the highest interest from ultra-rich

According to a report by Knight Frank, 53 per cent of ultra-high-net-worth Indians are likely to purchase these three items in the current year

India's construction sector likely to see 100 mn jobs by 2030: Knight Frank

According to a new report, the real estate output is likely to touch $1 trillion by 2030

Indian real estate sentiment score rose between April-June: Knight Frank

In all the zones, the sentiment was the highest in the East zone, followed by the North and West

Sale of mid-segment homes overtakes affordable in India: Knight Frank

At the same time, since the first half of 2018, the sale of premium homes in India has gone up over 143%

Office space emerging as darling of private equity investors in India

Office space is getting the lion's share of investments by PE investors into the sector, experts suggest this trend is likely to continue in the coming months

Knight Frank: Offices top realty sector, corner 68% of PE funds in H1 2023

Mumbai gets lion's share at 48%, followed by NCR (32%), Bengaluru (13%); three-fourth of investments came from Asia even as overall investments in Indian realty dip 20%

Demand for warehouses in India reached record high in 2022-23: Report

All sectors saw a rise in warehouse demand but the e-commerce sector saw a decline in demand in FY23, primarily due to early capacity building

Leasing of warehousing space at record 51.32 mn sq ft in FY23: Report

Warehousing leasing edged up to a record 51.32 million square feet last fiscal across eight cities on a strong demand from third-party logistics and retail sectors. The data for warehousing demand includes industrial space for light manufacturing/assembling. In a webinar, Knight Frank India on Tuesday released India Warehousing Market Report, which stated that the rentals rose 3-8 per cent across seven out of eight cities. As per the data, the total leasing of warehousing space rose to 5,13,24,201 square feet last fiscal from 5,12,94,933 square feet in the 2021-22 fiscal. Across cities, the leasing activities rose in Mumbai, Bengaluru and Kolkata but declined in NCR, Pune, Hyderabad, Chennai and Ahmedabad. Leasing of warehousing space rose 10 per cent last fiscal to 9.5 million square feet. Bengaluru saw a 25 per cent increase in demand to 7.4 million square feet while Kolkata witnessed an 18 per cent rise to 5.1 million square feet last fiscal. The leasing of warehousing space

Registration of homes in Hyderabad region falls 7% to 5,877 units in May

Registration of residential properties in Hyderabad region fell 7 per cent annually to 5,877 units in May, according to property consultant Knight Frank India. The residential market of Hyderabad region includes four districts, namely Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy. Hyderabad recorded registrations of 5,877 residential properties in May 2023, up 31 per cent from previous month. However, it was 7 per cent lower from March last year. The total value of properties registered stood at Rs 2,994 crore. At a district level, the study shows Medchal-Malkajgiri district recorded 45 per cent of the home sales registrations followed by sales registrations at Rangareddy district at 39 per cent. The share of Hyderabad district in total registrations was 16 per cent during May 2023. Knight Frank said the highest proportion of property registrations in Hyderabad region last month was in the price range of Rs 25-50 lakh, accounting for 55 per cent of the total ...

India to have over 7,000 more ultra-rich individuals by 2027: Knight Frank

The number of those with a net worth of and above $30 million in India will be 19,119 in 2027