Housing sales dip 2 pc, office demand rises 41 pc in Jan-Jun across top 8 cities: Knight Frank

India's top eight property markets saw a 2 per cent decline in housing sales during the January-June period, but office space leasing rose 41 per cent, according to Knight Frank.

- AGENCIES

In a webinar on Thursday, real estate consultant Knight Frank released its data for the Indian real estate market for January-June 2025.

The data showed that housing sales fell 2 per cent annually to 1,70,201 units during the first six months of this calendar year across eight major cities.

In contrast, the leasing of office spaces rose 41 per cent to 48.9 million (489 lakh) square feet area during January-June 2025.

The gross leasing stood at a record 71.9 million square feet for the entire 2024.

Considering the strong performance during the first half, the consultant expects the leasing number to scale a new high of 80-90 million square feet in the full current year.

In the residential segment, the consultant noted that the weighted average price across eight cities rose in a range of 2 per cent to 14 per cent.