Real estate
news & trends

Mid-segment apartments (INR 50-75 lakh) constituted the largest portion of quarterly sales, accounting for approximately 33% of total sales in Bengaluru.

Gross leasing activity reached an impressive 15.16 million sq. ft in Q1 2024, an increase of ~13.8% compared to the same period last year

The Flex operators showed exceptional performance by occupying a record-breaking 0.9 million sq. ft of space in a single quarter.

The tech sector played a significant role, accounting for 57.4% of the leasing activity, followed by BFSI and manufacturing/industrial occupiers.

Flex operators space take-up was at 1.42 million sq. ft. This surge indicates the rising popularity and demand for flexible workspaces in the region.

The average cost of an apartment in Noida witnessed increase from INR 1.24 crore in 2022 to INR 1.68 crore in 2023.

The growth is exemplified by the fact that the total leasing of manufacturing spaces has increased 4.5 times, from 3.2 million sq.

Around 175 acres of land across seventeen separate deals valued at over INR 3,100 crore have been acquired by real estate developers since CY2022 in this submarket