Pulse Real Estate Monthly Monitor: May 2024

The May 2024 edition of JLL's Monthly Real Estate Monitor reveals key trends in India's real estate market. Retail space take-up increased in most cities, indicating a positive market sentiment. The residential sector witnessed robust sales, while new launches remained stable. There was a notable increase in demand for office space in major cities, particularly driven by the technology sector. The report also highlights significant transactions, such as Singapore's GIC and Xander Group acquiring TSI Business Parks in Hyderabad, and Brookfield India Real Estate Trust acquiring Bharti Enterprises' stake in grade-A assets in Delhi NCR. The introduction of measures by the Kerala RERA ensures safety and transparency in real estate transactions.

What’s more? Dr. Samantak Das, Chief Economist and Head Research & REIS, shares his insights on ‘Fractional Ownership Platforms’ published by JLL.