NEW DELHI: Housing sales rose 5 per cent while gross office leasing increased 18 per cent annually during July-September across eight major cities as demand stayed strong for premium homes and workspaces, according to Knight Frank.
Real estate consultant Knight Frank India on Thursday released its report 'India Real Estate' for the third quarter of 2024 calendar year through a webinar.
As per the data, housing sales rose 5 per cent during July-September to 87,108 units across eight cities from 82,612 units in the year-ago period. Gross leasing of office space grew 18 per cent to 19 million square feet from 16.1 million square feet, driven by high demand from multi-national companies wanting to set up Global Capability Centres (GCCs).
Knight Frank's report shows a modest increase in housing sales during July-September, in a complete contrast to data provided by Anarock and PropEquity which reported a drop in total sales during July-September.
“Momentum in the residential market has trended up well in 2024 with Q3, 2024 recording the highest quarterly sales this year at 87,108 units,” Knight Frank said in the report.
Bu hikaye Millennium Post Delhi dergisinin October 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Millennium Post Delhi dergisinin October 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
United draw 1-1 at Sociedad
Manchester United settled for a 1-1 draw with Real Sociedad in the first leg of the Europa League Round of 16 on Thursday.
NZ coach acknowledges 'big' Chakravarthy threat
'WILL PUT ON OUR THINKING CAPS'
India is very high tariff nation
This is 2nd time Trump has commented on India's tariffs
India, China Made Positive Strides After Modi-Xi Meeting: Chinese FM
Says ballet between elephant and dragon 'only right choice'
Markets Close Flat in a Volatile Session Amid Uncertainties Over Global Trade War
Persistent foreign fund outflows also hit investor sentiments, traders said
HC quashes ED summons to Siddaramaiah's wife, Min
The Karnataka High Court has invalidated the Enforcement Directorate's summons issued to Chief Minister Siddaramaiah's wife Parvathi B M in the controversial MUDA site allotment case. In the same ruling on Friday, Justice M Nagaprasanna also set aside the ED's summons to Urban Development Minister B S Suresh (Byrathi Suresh).
It's a two-way road between the gut and the mind
Consumption of the right content along with the right diet is crucial for good health
Telangana Tunnel Collapse: Cadaver Dogs Identify Two Possible Spots for Human Presence
Cadaver dogs deployed inside the partially collapsed SLBC tunnel in Telangana on Friday identified two possible spots for human presence where the rescue personnel started removing the silt.
Lifestyle diseases big health risk
PM MODI INAUGURATES NAMO HOSPITAL IN SILVASSA
Pollution: GRAP 1 Invoked in Delhi
The Commission for Air Quality Management (CAQM) invoked Stage 1 restrictions under the Graded Response Action Plan (GRAP) with immediate effect, following a deterioration in air quality across Delhi-NCR.
