Browsing: Vestian Report

Reports Office Spaces, India Office Spaces, India Office Market, Office Absorption, Office Demand, Office Supply, India Real Estate News, Indian Realty News, Indian Property Market News, Real Estate News India, Best Real Estate Website, Best Property Portal, Real Estate Journalist

Strong start to office markets, sustained leasing activities in Q1 2024, says Vestian Report

Absorption of office spaces increased to 13.40 Mn sq ft in Q1 2024 from 11.85 Mn sq ft in Q1 2023, showcasing a  13% increase Y-O-Y, says a Vestian report. However, the absorption declined by 31% this quarter after peaking in Q4 2023. Southern cities (Bengaluru, Chennai, and Hyderabad) accounted for 61% of the Pan-India absorption in Q1 2024 its share increased from 54% a year earlier.

Reports Investment Down, Foreign Funds in Real Estate, Real Estate Institutional Investment, Real Estate PE Funds, Vestian Report, Best Real Estate Website, Best Property Portal, Real Estate Journalists, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market

Institutional investments down in Indian real estate

Despite an increase in the share of commercial investments to 42% in Q1 2024 from 39% a year earlier, they declined by 52% in value terms. Similarly, the share of residential investments also increased to 41% in Q1 2024 from 27% in Q1 2023. However, investments declined by 33% annually in value terms. Investments significantly decreased by 73% in the industrial and warehousing sector in Q1 2024 over the previous year.