Real estate
news & trends

Gross leasing activity across top seven cities in India was recorded at 12.8 mn sq ft in Q1 2023, indicating an improvement from the quarterly run rate of 2022

Delhi NCR, Chennai, and Mumbai were the top three cities in January, accounting for 77% of monthly leasing activity.

Union budget 2023 and its key implications on real estate

The average transaction size in 2022 at USD 105 million was also 46% higher than in 2021.

Nearly 60 shopping malls encompassing a total retail space of 23.25 million sq. ft are expected to become operational during 2023-25

office market net absorption across the top seven cities for the full year was recorded at 38.25 million sq. ft, hitting a three-year high

Bengaluru, Mumbai, and Chennai emerge as the top three cities, accounting for nearly 77% of the monthly leasing activity in November 2022

The DC industry is expected to close the year with estimated absorption in the range of 150-170MW1