The Hyderabad region has witnessed a 1 per cent annual fall in registrations of residential properties in January to 5,411 units, according to Knight Frank. As many as 5,454 housing units were registered in January 2023 across the Hyderabad residential market, which includes four districts namely Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy. The data covers transactions of both primary (first sale) and secondary (resale) markets. As per the data compiled by real estate consultant Knight Frank India, the total value of properties registered during January stood at Rs 3,279 crore, which is 24 per cent higher year-on-year, indicating a movement towards sale of higher value homes. In January 2024, 47 per cent housing properties registrations were in the price range of Rs 25-50 lakhs. Properties priced below Rs 25 lakh constituted 15 per cent of the total registration numbers. The consultant highlighted that the share of sales registrations for properties costing Rs 1 cror
In the region, Singapore saw the highest price rise followed by Perth and Brisbane
Despite the price hikes, affordability improved across markets as income growth surpassed pricing growth, which should keep momentum intact in demand and pricing, the report stated
Luxury housing in India witnessed a record-breaking year in 2023 as the sales of such homes touched an all-time high. Now, is the demand for these costlier homes likely to continue in 2024 as well?
Chennai witnessed the highest GCC focussed transactions at 6 msf, followed by Hyderabad at 4.1 msf and Bengaluru at 3.8 msf
Kolkata's real estate market witnessed unprecedented growth in both the residential and office segments last year, a real estate report said on Wednesday. The city experienced a stellar year in office leasing transactions, with a staggering 1.4 million sq ft of office spaces transacted in 2023, marking a healthy 20 per cent growth year-on-year (YoY), Knight Frank India's Residential and Office Market Report (H2 2023) stated. This is also a 9-year high in office leasing transactions. The report also notes phenomenal growth recorded in new office completions, reaching a remarkable 0.8 million sq ft in 2023, a staggering 332 per cent jump YoY, making it the highest volume recorded in the past five years. The surge was fueled by robust occupier interest across various sectors, indicating a positive economic outlook, "The commercial market in Kolkata is now witnessing a consistent rise in transactions exceeding half a million with significant engagement from India-facing business as ...
Property registration in the Mumbai municipal area increased 4 per cent year-on-year to an all-time high of 1,26,907 units in 2023 on the back of better demand, according to Knight Frank. The registration number hit a record in 2023, beating the previous high of 1,22,035 units in the previous year, real estate consultant Knight Frank India data showed. The state government collected a revenue of Rs 10,869 crore as stamp duty in 2023, up 22 per cent from the previous year. In December, 12,255 units were registered in Mumbai city (an area under BMC jurisdiction), up 31 per cent from 9,367 units in the year-ago period. Knight Frank has compiled the data on the registration of properties from the Department of Registrations and Stamps, Maharashtra government. The data includes sales in primary (fresh) and secondary (re-sale) markets. Of the overall registered properties, residential units constitute 80 per cent. Knight Frank CMD Shishir Baijal said the demand has been driven by risin
Registration of properties in Mumbai municipal area is likely to rise by 33 pc annually to around 12,500 units during this month on better demand, according to Knight Frank. As many as 9,367 properties were registered in Mumbai city (area under BMC jurisdiction) during the same month last year. Real estate consultant Knight Frank India has compiled the data of registration of properties from Department of Registrations and Stamps, Maharashtra government. As per the latest data of December, 12,134 units were registered till 12 noon and the number is set to reach around 12,500 units by late evening. "Homebuyers in Mumbai continue to demonstrate confidence in the property market, buoyed by stable demand and an enhanced positive sentiment. This optimism has resulted in a significant surge in property registrations in Mumbai," the consultant said in a statement on Saturday. Of the overall registered properties, residential units constitute 80 per cent. Mumbai city is estimated to see
In 2024, experts suggest that home affordability, as well as sales, are expected to improve further on the back of cooling inflation and the likelihood of lower interest rates
Global investors have been cautious this year to put money into Indian real estate, as private equity inflow is down 44 per cent till December 12 to USD 3 billion compared to the entire previous year, according to Knight Frank. Real estate consultant Knight Frank India on Thursday released its data showing that the Indian real estate market received USD 3,024 million in PE investments from 23 deals between January 1 and December 12 this year, as against USD 5,357 million recorded in 2022. Global geopolitical uncertainties and a high interest rate environment with multiple rate hikes from the US Federal Reserve and the Central Bank of Canada have curbed investment activities from US and Canada, the consultant said, explaining the reason behind the slump. However, PE investments from Singapore have improved significantly, contributing more than 50 per cent to the total inflow. In terms of segments of the Indian real estate market, office assets took the lead with a 58 per cent share
India is facing a deficit of 2.4 million beds to achieve the standards set by the World Health Organization
The daily average registration rate in Mumbai climbed 26% during the October 15 and November 15 period to 407 units from 322 units last year
The price rise was the steepest in Manila at 21.2%, followed by 15.9% in Dubai and 10.4% in Shanghai
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
Maharashtra earned Rs 435 crore from the registration of these properties this year
The global rank of top Indian cities in terms of residential price rise has jumped significantly: Knight Frank
The number of homes sold in India in July-September quarter this year touched a six-year-high: Knight Frank
Manila topped the list with a 49.8% rise in warehouse rent, followed by 38.6% in Sydney and 23.8% in Brisbane: Knight Frank
Homebuyers in the age group of 30-40 years constituted the largest buyer segment in Pune with a market share of 55%
The real estate sector is one of the major contributors to revenue of states and UTs, which collected an estimated Rs 2 lakh crore during last fiscal year in various forms, including stamp duties, according to a Naredco-Knight Frank India report. This is equivalent to 5.4 per cent of the total revenue collected by all states and UTs in India during 2022-23, it added. "Real estate sector is one of the key contributors to the revenue of state governments. In FY 2022-23, an estimated Rs 2 trillion was collected by all states and UTs (Union Territories) in India from stamp duties, registration fees and land revenue," the report said. Realtors' body Naredco and property consultant Knight Frank India recently released a report 'India Real Estate: Vision 2047'. As per the projection of the report, the size of the Indian real estate sector is estimated to jump more than 12-fold to USD 5.8 trillion by 2047 from USD 477 billion last year. The sector will contribute over 15 per cent to the .