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‘Housing sales up 5%, office demand grows 18% during Jul-Sept across top eight cities’
Millennium Post Delhi
|October 04, 2024
ACCORDING TO REAL ESTATE CONSULTANT KNIGHT FRANK INDIA
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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.
This story is from the October 04, 2024 edition of Millennium Post Delhi.
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