Pulse Real Estate Monthly Monitor: October 2024

Office space demand increased in most cities, with record-breaking leasing of 53.43 million sq. ft. in the first three quarters. Retail space take-up in shopping malls saw growth across major cities. The residential sector experienced a rise in new launches. Bengaluru, Delhi NCR, and Mumbai dominated office leasing activity, collectively accounting for 63.6% of gross leasing. Notable transactions include Infosys at GIFT City, Ahmedabad, and MetLife Services & Solutions in Hyderabad. Infrastructure developments, such as the expansion of Chennai's metro network and the opening of Mumbai Metro Line 3's first phase, are enhancing urban connectivity. The report highlights city-specific trends, rental values, and capital values across office, retail, and residential sectors, providing a comprehensive overview of India's real estate market.

What’s more? Dr. Samantak Das, Chief Economist and Head Research & REIS, shares his insights on ‘Office space leasing in the 9 months of 2024’ published by JLL.