Pulse Real Estate Monthly Monitor: July 2024
Strong Momentum in Indian Real Estate Market Despite Global Challenges
- Samantak Das
- Rohan Sharma
The report highlights the key trends in the office, retail, and residential sectors across major cities such as Hyderabad, Chennai, Kolkata, Delhi NCR, Ahmedabad, Mumbai, Pune, and Bengaluru.
In the office sector, all seven cities recorded gross leasing volumes of at least 1 million sq. ft. during Q2 2024, indicating a strong momentum and potential for the market to establish new peaks. The retail sector witnessed an increase in demand for mall spaces, while the residential sector saw new launches picking up in most cities.
The report also covers significant developments, such as taxation changes and policy updates impacting the market. It mentions specific transactions and investments, such as Whiteland Corporation joining hands with Marriott International for a luxury housing project and Tata Realty securing a loan for a green commercial project.
Despite global challenges, the report emphasizes the resilience of the Indian real estate market and its attractiveness for global occupiers and investors.
What’s more? Dr. Samantak Das, Chief Economist and Head Research & REIS, shares his insights on ‘Office market records 33.5 mn sq. ft of leasing activity in H1 2024’ published by JLL.