Office demand soars: 47 msf in 9 months, at 23% yoy growth
Strong leasing activity in the first three quarters of 2024 has pushed Grade A office space demand to 46.7 million sq ft across the top six cities of the country. Building on the momentum in first half of the year,…
Pune’s Registered Transactions Jump 50% YoY in June Quarter; Average Home Sales Value Hits Record High: Square Yards
Pune’s real estate market has experienced a significant boost, with registered transactions surging by 50% in the June quarter, according to the latest report by Square Yards. The number of transactions registered with the IGR between April and June 2024…
Colliers to deliver project management services for two mega projects in Bengaluru for real estate developer, Fortius Infra
Leading real estate professional services firm, Colliers India, has recently delivered two significant projects for Bengalru-based developer, Fortius Infra, headed by industry veteran and well respected realtor, Gopi Krishnan. Anchored in transparency and strong business ethics, Fortius Infra has an…
India’s Real Estate Market Surges with $2.77 Billion Investment in Q2 2024: Cushman & Wakefield Report
India’s real estate market saw a substantial surge in investments during the second quarter of 2024, attracting a total of USD 2.77 billion. This notable performance, as reported by Cushman & Wakefield, highlights strong investor confidence and robust demand within…
Union Budget 2024: Transformative Measures for Real Estate and Infrastructure Sectors
The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, has introduced significant measures poised to transform India’s real estate and infrastructure sectors. A key highlight is the substantial expansion of the Pradhan Mantri Awas Yojana (PMAY), with an ambitious…
Mumbai Secures 3rd Spot on Prime Global Cities Index Q4 2023 After Manila and Tokyo: Knight Frank Report
Mumbai has achieved a significant milestone by ranking third on the Prime Global Cities Index for Q4 2023, as reported by Knight Frank. This index, which tracks the movement of prime residential prices across 44 cities globally, highlights the substantial…
RBI Maintains Repo Rate at 6.5% Amidst Upward Revision of GDP Forecast
In its eighth consecutive decision, the Reserve Bank of India (RBI) opted to maintain the benchmark repo rate at 6.5%. Led by RBI Governor Shaktikanta Das, the six-member Monetary Policy Committee (MPC) reached this conclusion with a 4:2 majority. The…
Embracing Sustainability: Redefining the Future of Real Estate
On World Environment Day, Construction Xperts presents a special feature on how sustainability is reshaping the real estate sector. Leading industry voices share insights on the transformative impact of green building practices and sustainable development strategies. This exclusive feature explores…
Intellia Business Park: Kolkata’s First Integrated Business Hub Set for 2027 Launch
Kolkata is poised to welcome its first integrated business hub, Intellia Business Park, a landmark project resulting from a joint venture between Srijan Realty, PS Group, and Signum Group. Located strategically in Kolkata’s central business district (CBD), Intellia Business Park…
Occupiers across major markets in India willing to pay higher rentals for quality office supply
Despite a cost-conscious mindset, occupiers across the Asia Pacific region are willing to pay higher rentals for superior quality offices, particularly in locations which facilitate talent acquisition, according to Colliers’ latest edition of Expert Insights | Asia Pacific Office Markets April…