Page 5 - Knight Frank

Mumbai sees 27% rise in property registration in August: Knight Frank

Mumbai municipal area saw an annual increase of 27 per cent in registration of properties in August at 10,902 units on better housing demand, according to Knight Frank India. The registration of properties in Mumbai city -- the area under the jurisdiction of Brihanmumbai Municipal Corporation -- stood at 8,552 units during August last year. In July, 10,221 units were registered. Of the total registrations this month, around 80 per cent is for housing. The data pertains to both primary (fresh) and secondary (resale) markets. The revenue collection stood at Rs 810 crore for the state government. "Mumbai's residential market continues to remain strong as aspiring homebuyers embrace the trend. Remarkably, the share of registration of properties valued at Rs 1 crore and above continues to rise, led by surge in property prices and increasing preference among homebuyers for more spacious accommodation," Knight Frank India Chairman and Managing Director Shishir Baijal said. Overall, Baija

Mahindra Lifespace hits new high, soars over 9% on growth optimism

Knight Frank India, in association of NAREDCO has projected India's real estate sector to expand to $5.8 trillion and contribute 15.5 per cent to the total economic output by 2047.

Mumbai to see the highest rise in residential prices in the world in 2024

At 48.8%, Dubai saw the steepest price rise in home prices in the quarter that ended on June 31 as compared to the same quarter last year: Knight Frank

Ahmedabad most affordable city in India; Pune, Kolkata follow: Knight Frank

Mumbai is the least affordable city followed by Hyderabad and the National Capital Region

Art, watches & luxury handbags to see the highest interest from ultra-rich

According to a report by Knight Frank, 53 per cent of ultra-high-net-worth Indians are likely to purchase these three items in the current year

India's construction sector likely to see 100 mn jobs by 2030: Knight Frank

According to a new report, the real estate output is likely to touch $1 trillion by 2030

Indian real estate sentiment score rose between April-June: Knight Frank

In all the zones, the sentiment was the highest in the East zone, followed by the North and West

Sale of mid-segment homes overtakes affordable in India: Knight Frank

At the same time, since the first half of 2018, the sale of premium homes in India has gone up over 143%

Office space emerging as darling of private equity investors in India

Office space is getting the lion's share of investments by PE investors into the sector, experts suggest this trend is likely to continue in the coming months

Knight Frank: Offices top realty sector, corner 68% of PE funds in H1 2023

Mumbai gets lion's share at 48%, followed by NCR (32%), Bengaluru (13%); three-fourth of investments came from Asia even as overall investments in Indian realty dip 20%

Demand for warehouses in India reached record high in 2022-23: Report

All sectors saw a rise in warehouse demand but the e-commerce sector saw a decline in demand in FY23, primarily due to early capacity building

Leasing of warehousing space at record 51.32 mn sq ft in FY23: Report

Warehousing leasing edged up to a record 51.32 million square feet last fiscal across eight cities on a strong demand from third-party logistics and retail sectors. The data for warehousing demand includes industrial space for light manufacturing/assembling. In a webinar, Knight Frank India on Tuesday released India Warehousing Market Report, which stated that the rentals rose 3-8 per cent across seven out of eight cities. As per the data, the total leasing of warehousing space rose to 5,13,24,201 square feet last fiscal from 5,12,94,933 square feet in the 2021-22 fiscal. Across cities, the leasing activities rose in Mumbai, Bengaluru and Kolkata but declined in NCR, Pune, Hyderabad, Chennai and Ahmedabad. Leasing of warehousing space rose 10 per cent last fiscal to 9.5 million square feet. Bengaluru saw a 25 per cent increase in demand to 7.4 million square feet while Kolkata witnessed an 18 per cent rise to 5.1 million square feet last fiscal. The leasing of warehousing space

Registration of homes in Hyderabad region falls 7% to 5,877 units in May

Registration of residential properties in Hyderabad region fell 7 per cent annually to 5,877 units in May, according to property consultant Knight Frank India. The residential market of Hyderabad region includes four districts, namely Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy. Hyderabad recorded registrations of 5,877 residential properties in May 2023, up 31 per cent from previous month. However, it was 7 per cent lower from March last year. The total value of properties registered stood at Rs 2,994 crore. At a district level, the study shows Medchal-Malkajgiri district recorded 45 per cent of the home sales registrations followed by sales registrations at Rangareddy district at 39 per cent. The share of Hyderabad district in total registrations was 16 per cent during May 2023. Knight Frank said the highest proportion of property registrations in Hyderabad region last month was in the price range of Rs 25-50 lakh, accounting for 55 per cent of the total ...

India to have over 7,000 more ultra-rich individuals by 2027: Knight Frank

The number of those with a net worth of and above $30 million in India will be 19,119 in 2027

Realty estate index dips marginally in Jan-Mar but still positive: Report

The sentiment index for the real estate sector dropped marginally in the January-March period but remained positive, according to Knight Frank India and NAREDCO. In its 36th edition of Real Estate Sentiment Index Q1 2023 (January-March), real estate consultant Knight Frank and industry body NAREDCO said that the current sentiment score, while safely within the optimistic zone, has seen a marginal dip from 59 in December 2022 quarter to 57 in Q1 2023. This is mainly on account of stakeholder perception of the global recessionary environment and the risk of a future global downturn still exists, it said. The sentiment index is based on the survey of supply-side stakeholders like developers, investors and financial institutions. The score of above 50 indicates 'optimism' in sentiments, a score of 50 means the sentiment is 'same' or 'neutral'. The score below 50 indicates 'pessimism'. The Future Sentiment Score has increased from 58 in Q4 2022 to 61 in Q1 2023 on account of the resilie

Macroeconomic factors, better consumer confidence push industry optimism up

However, most Indians now expect residential prices to increase in the next six months

Ultra-rich Indians are now parking more money in gold: Knight Frank survey

The rise in allocation in gold is mainly owed to the significant returns it has given in the past few years

Knight Frank appoints India head Shishir Baijal on group executive board

Real estate consultant Knight Frank has appointed its India head Shishir Baijal on its group executive board. In a statement on Wednesday, the consultant said it has appointed "Shishir Baijal to its Group Executive Board responsible for the UK and global Knight Frank business". Baijal joins the board to add international experience and wide-ranging corporate acumen after his 45-year-plus career across various sectors, including hotels, leisure and real estate. He joined Knight Frank in 2012, building the team in India to 1,500 professionals in eight cities, servicing over 100 locations in the subcontinent. "Our regions are at varied stages of development, and a truly comprehensive view for the company is imperative, given the new era of post-pandemic global business. I view joining the group executive board as an enriching move to create a more global orientation to our overall approach," Baijal said. The group executive board oversees Knight Frank's global network and over-archi

Property market steady in Jan-Mar; housing sales up 1%: Knight Frank

Indian real estate witnessed steady demand during January-March with housing sales rising by 1 per cent and gross office space leasing growing by 5 per cent year-on-year across eight major cities, Knight Frank India said on Monday. Housing prices rose in the range of 1-7 per cent annually in the first quarter of this calendar year, while office rentals grew 2-9 per cent, according to real estate consultant Knight Frank 'India Real Estate' report released on Monday. As per the data, housing sales stood at 79,126 units across eight major cities during January-March 2023, up by marginal 1 per cent from the year-ago period. The gross office leasing rose 5 per cent to 11.3 million square feet in January-March, from 10.8 million square feet in the corresponding period of the previous year. "The residential market remained resilient in the face of rising interest rates and prices as sales level sustained in the first quarter of the year," Knight Frank India Chairman & Managing Director ..

Registration of properties in Mumbai city falls 11% to 9,268 units in Feb

Registration of properties in Mumbai city fell 11 per cent year-on-year in February to 9,268 units amid rise in interest rates on home loans, according to Knight Frank India. As many as 10,379 properties were registered in February last year. Registration of properties stood at 10,172 in February 2021. Real estate consultant Knight Frank India in a statement said Mumbai city (area under BMC jurisdiction) saw property sales registration of 9,268 units in February 2023. The registration of properties contributed over Rs 1,084 crore to the state revenues. Of the total properties registered, 82 per cent were housing properties while 18 per cent were non-residential properties. Shishir Baijal, Chairman & Managing Director of Knight Frank India, said, "The state exchequer made significant revenues from property registration due to a rise in average value of properties registered in February 2023." In February, the average value of properties registered was recorded at Rs 1.9 crore whic