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350 mn sq ft office space worth $60 bn to get SM-Reit listing by 2026: CBRE

Around 350 million square feet of prime office space, valuing more than USD 60 billion, will become eligible by 2026 to get listed as Small and Medium Real Estate Investment Trusts (SM-REITs), according to CBRE. In March, capital markets regulator Securities and Exchange Board of India (Sebi) notified the framework for SM-REITs. At present, there are no listed SM-REIT in the country. Real estate consultant CBRE on Thursday released its report titled, 'Navigating the SM REIT Landscape - A Look at Regulations and Implications'. As per the report, the total completed office stock in India currently stands at over 800 million square feet, of which REIT-listed office inventory is over 88 million square feet. "The potential market for SM-REITs in India covers over 300 million square feet of completed commercial space, besides an additional 50 million square feet of space expected to be completed by 2026. This translates into an estimated market size of over USD 60 billion," the consultan

GCC leasing in top 6 cities up 8% in first six months of 2024: CBRE

Global landscape, human capital and real estate foundational pillars of GCC prosperity in India, says the report

Houses worth over Rs 4 cr record 27% growth in sales in Delhi-NCR: CBRE

The first half of 2024 witnessed a surge in the luxury housing market in the Delhi-NCR region, driven by affluent buyers, enhanced amenities, and major infrastructure projects, according to CBRE

Office transactions hit record high at 34.7 mn sq. ft. in H1 2024: Report

Office space leasing absorption in Kolkata surged 33 per cent year on year to 0.4 million square feet in the April-June quarter of 2024, according to the CBRE India Office Figures Q2 report. The key sectors driving absorption in Q2 2024 were technology (40 per cent), BFSI (21 per cent), and flexible space operators (10 per cent). "The office space leasing absorption in April-June 2024 was 0.4 million square feet against 0.3 million square feet in the YoY period, a CBRE official said. Another real estate consultant, Knight Frank India, also said that Kolkata's office market saw a significant increase in office leasing volume, with 0.7 million square feet of office space transacted in H1 2024 (January-June 2024). This represents a 23 per cent growth compared to H1 2023, according to Knight Frank India's report "India Real Estate: Residential and Office" (January-June 2024). Average office space rents increased by 6 per cent year-on-year (YoY) during H1 2024, it said. Knight Frank a

India to be a top global commercial realty market: Anshuman Magazine

Last year, there was an absorption of 16.4 million square feet, one of the highest globally. In 2022, the absorption was 57.9 million sq ft, and this year is also expected to be strong

India set to cross 1800 MW in data centre capacity by 2026: CBRE report

Report adds that India has highest DC capacity among major APAC countries, likely to add another 850 MW in next 2 years

India to have 1.5 mn new senior living facilities in 10 years: Report

Population creates 'significant room for growth' for real estate developers, says CBRE

Entertainment leasing nearly triples in last one year in India: CBRE

Malls witnessed higher footfall, and this translated into increased visitors to other entertainment zones like gaming arcades, clubs, etc

Luxury housing sales in India jumped 75% in 2023, threefold in Delhi: CBRE

The share of luxury homes, priced at or above Rs 4 crore, in total sales, also doubled in 2023

Demand for spaces in malls pushed retail leasing to all-time high in 2023

Among the sectors, retail leasing was led by fashion and apparel which accounted for around 32 per cent of the total

Tech continues to lead; diversification shapes demand in real estate sector

By the end of 2023, office leasing space is expected to cross 50 million sq ft according to CBRE's 2023 Real Estate Overview and Outlook

Luxury homes the new realty in India: Sales surge 97% in nine months

The trend is expected to continue especially among the non-resident Indians (NRIs) and certain category of millennials with high disposable income

India saw sale of luxury homes double in first 9 months this year: CBRE

CBRE said that the home sales in the festive season this year are expected to be the highest in three years

Realty advisor CBRE cuts profit forecast as high rates hurt property market

"Commercial real estate capital markets remained under significant pressure in the third quarter," CEO Bob Sulentic said in a statement

Demand for co-working spaces surges due to flexible work, high realty costs

According to the 'India Real Estate Q3' report by Knight Frank, the country recorded office transactions of 16.1 million square feet during the July-September quarter

Industrial & Logistics sector leasing to touch 5-year high in 2023: CBRE

In the July-September quarter, Chennai recorded the highest absorption of 2.1 msf followed by Bangalore and Mumbai

Leasing of retail real estate space up 46% in Jan-Sep across 8 cities: CBRE

Leasing of retail space rose 46 per cent across eight cities in the January-September period to 4.73 million square feet on better demand from retailers, according to CBRE. The absorption of retail space stood at 3.23 million square feet in the year-ago period. The data is for absorption of retail real estate space in shopping malls, prominent high street locations and standalone retail properties. In terms of cities, Bengaluru, Delhi-NCR and Pune collectively accounted for a share of over 61 per cent in leasing activity during this period. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa at CBRE, said, there has been a remarkable growth in retail absorption and supply addition. "With the surge in newly available spaces and the onset of the festive season, we anticipate a continued upswing in space utilisation," he said. Magazine said the retail sector is on the brink of a remarkable transformation, where retailers are keen on revamping the ...

CBRE sees 165 mn sq ft of new office supply in top 7 cities during 2023-25

Bengaluru and Hyderabad will contribute 49 per cent to the total upcoming office space supply of over 165 million square feet estimated during the 2023-2025 period across seven major cities, according to CBRE.. Real estate consultant CBRE South Asia on Thursday released its new report 'Office Myths Debunked'. As per the report, the office supply completions across seven major cities are expected to exceed 165 million square feet between 2023-2025, which is significantly higher than 142 million square feet recorded during the 2020-2022 period. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, The office sector in India is witnessing good growth momentum. The substantial supply completions across top cities in India is projected to exceed 165 million sq. ft. over 2023-2025, indicating a positive outlook for the office sector.". The average annual office supply increased by a robust 17 per cent and the average building size increased by

Green-certified office space jump 36% across top 6 cities since 2019: Study

Green-certified office space stock have increased 36 per cent to 342 million square feet across six major cities in the last three and half years, according to a CBRE-CII report. Real estate consultant CBRE and industry body CII on Wednesday released its report titled, 'Indian Real Estate: Taking Giant Strides - 2023 Mid-Year Outlook' at CII Realty conference here. According to the report, green-certified office stock stood at 251 million square feet in 2019. Enhanced focus on global and domestic Environmental, Social and Governance (ESG) regulations are driving occupiers' flight-to-quality wave towards modern, premium and sustainable spaces in the medium to long-term, the report said. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, "As the economy gains momentum and the real estate sector thrives, there is a growing emphasis on ESG and its compliance. We anticipate accelerated demand in modern, tech-enabled, and green-compliant ...

Residential sales in India poised to breach decadal high this year: CBRE

Led by demand for homes priced between Rs 1 crore and Rs 1.5 crore, the sale of 300,000 units this year is expected to be much higher than the five-year average of 187,000 units