Page 7 - Knight Frank

Mumbai takes 22nd spot in Prime Global Cities Index Q3 2022: Report

Mumbai stood at 22nd rank in a global index that measures annual price appreciation of premium residential properties, according to Knight Frank. In its report on 'Prime Global Cities Index Q3 (July-September) 2022', Property consultant Knight Frank said that all three Indian cities -- Mumbai, Bengaluru and New Delhi -- registered an increase in average annual prices in the third quarter of 2022. The prime global cities index is a valuation-based index tracking the movement in prime residential prices in local currency across 45-plus cities worldwide. Mumbai moved up to 22nd rank in the third quarter of 2022 from 39th rank in the year-ago period. Bengaluru's rank also moved up to 27th as against 41st, while New Delhi's position improved to 36th rank from 38th rank. The rise in average prices in Mumbai was recorded at 4.8 per cent Year-on-Year (YoY), Bengaluru (3.3 per cent YoY) and New Delhi (1.2 per cent YoY) during the 12- month change (Q3 2021-Q3 2022). The consultant has ...

Future sentiment score hints a decline in housing market momentum in Q4

The Current sentiment score has declined marginally from 62 in the second quarter of 2022 to 61 in the third quarter of 2022.

Bengaluru fourth most expensive real estate market in India: Knight Frank

Bengaluru's affordable housing market has become more costly due to the 50 bps hike in the repo rate by the RBI

Rising median loan rates lead to fall in affordability of homebuyers

A cumulative increase of 0.95 per cent in median home loan rate has impacted the purchase affordability and purchase decisions of homebuyers, according to the Affordability Index by Knight Frank

67% housing demand in Mumbai from affordable segment: Knight Frank-Naredco

Supply of such housing insufficient to meet demand, says study

Warehousing transaction volumes grew 62% YoY in FY22: Knight Frank

NCR and Mumbai led the market on overall volumes, while Pune and Hyderabad witnessed the highest percentage growth, at 166% and 128%, respectively

Shopping mall sales in top-8 cities to hit $39 bn by FY28: Knight Frank

The high revenue growth has largely been predicted due to increasing mall supply in next six years, sustenance of rising consumption demand

'Property registrations in Mumbai up 20% YoY in Aug, slip from July-level'

Property registrations in Mumbai municipal area this month rose 20 per cent to more than 8,100 units -- highest in 10 years for August -- but fell 28 per cent from July, according to Knight Frank. Mumbai city (BMC area) saw property sale registrations of 8,149 units in August 2022, contributing over Rs 620 crore to the state revenues, Knight Frank India said in a statement. In July, the registration of properties stood at 11,340 units. "August 2022 was the best in a decade for the month of August in a decade," it said. The consultant highlighted that 85 per cent of the properties registered in August 2022 were residential and 9 per cent commercial. "The largest share of home buyers in August 2022 is in the 31-45 years of age category having a contribution of 47 per cent of the total residential property registrations. Buyers in the age group 46-60 years have a share of 32 per cent, while 12 per cent home buyers are under 30 and 9 per cent are over 60," Knight Frank said. Properti

Office leasing up after Covid waves, IT sector leads in occupancy: Reports

Bengaluru leads in lease transactions and it is followed by Delhi-NCR, Mumbai, and Chennai

Residential sales hit 9-year high in the first half of 2022: Knight Frank

The rise in sales is despite the overall prices of residential property rising over time. Prices, according to Knight Frank, increased across all markets in the range of 3 per cent - 9 per cent YoY

Housing sales in Jan-Jun at 9-year high in top 8 cities: Knight Frank

Delhi-NCR saw more than two-fold jump in sales to 29,101 units from 11,474 units, while sales of residential properties in Bengaluru grew by 80 per cent to 26,677 units from 14,812 units

Ahmedabad India's most affordable housing market in H1CY22: Knight Frank

All markets decline in affordability due to rise in home loan rates

Property registrations in Mumbai up 21 per cent YoY, the best in a decade

Property registrations in Mumbai increased by 21 per cent YoY in June to 9,525 units, a report by Knight Frank said

Builders expect slowdown in housing demand in short-term on RBI's rate hike

The RBI on Wednesday hiked the key benchmark rate by 50 basis points

Registration of properties in Mumbai city up 78% in May at 9,523 units

Registration of properties in Mumbai municipal area rose by 78 per cent year-on-year to 9,523 units during this month, according to property consultant Knight Frank India. As many as 5,360 properties were registered in Mumbai city (BMC area) during May 2021. The registration data is for properties bought in both primary and secondary (re-sale) market. "May 2022 recorded property sale registration of 9,523 units denoting a 78 per cent Y-o-Y rise. The substantial rise comes on the back of low sales registrations recorded in May 2021 as the month was laced in lockdown due the impact of 2nd wave of Covid-19," Knight Frank said in a statement. Shishir Baijal, Chairman & Managing Director, Knight Frank India said the real estate market in Mumbai held steady despite the pressures of inflation, rising input costs and rise in stamp duty. "Owing to a paradigm shift in attitude, home buyers, that now consider ownership important for long term stability, were keen on completing their ...

Budget of homebuyers becoming flexible, says M3M's Pankaj Bansal

Incidentally, NCR-Delhi has also replaced Bengaluru as the startup capital of India and the growing startup and unicorn community is also exploring the residential sector for investments

Office space leasing up 25% at 11 msf in March quarter: Knight Frank

Bengaluru remained the biggest market with total office space leasing of 3.5 msf of office space, followed by Delhi-NCR which recorded 2.3 msf of gross leasing in the first three months of 2022

Housing sales up 9% to 78,627 units during Jan-Mar: Knight Frank India

Last week, two other consultants Anarock and PropTiger released their data for residential markets

Home registrations in Mumbai municipal area down 11% in March: Report

The registration of homes stood at 17,728 units in March 2021 because of lower stamp duty rates

India ranks 51st in global list of annual rise in housing prices

Knight Frank said that India has climbed up five spots to the 51st rank in Q4 of 2021 against the 56th rank in Q4 of 2020