The residential property market is not out of the woods yet but has seen a continuous uptick in sales volume since 2017 despite economic slowdown and subdued consumer sentiment, and the industry hopes to match the 2013 peak levels in a year or two.
Property prices in key cities across the world increased by 3.5% on average in the second quarter of 2019, led by annual growth of 25% in Xi’an in Chine, the latest international index shows.
New Delhi has emerged as the 10th fastest growing prime market in the world with an annual capital value growth of 4.4% in the second quarter of 2019. However, the property market has slipped three places in the overall ranking during the quarter from 7th position in the first quarter, showed Knight Frank’s Prime Global Cities Index.
The year saw sales volume recording marginal growth of 3% at 63,893 units, while total launches rose 74,363 units denoting 220% rise.
Over 80% leasing by flexible space operators in Delhi-NCR, Bangalore, Mumbai
The average occupancy costs – including rent, taxes and service charges – in Connaught Place are at $142, which is higher than Pudong in Shanghai, Shinjuku in Tokyo and even Singapore.
Bengaluru reported the highest demand for office space and accounted for more than the combined share of the markets of Delhi-NCR, Mumbai and Hyderabad during the January to March period
A year ago, Mumbai property market ranked 15th in this list with $1 million fetching 1,065 sq ft space
Knight Frank India has released the third edition of its flagship India Warehousing Market Report 2018, a statement here said
Although property investment in India remains modest in relation to the country's size and importance, this growth in activity may be a sign that India is starting to mature as an investment market
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