Month: December 2023

Q4 2023 records 20.2 mn sq ft of gross absorption, highest ever quarterly leasing activity Bengaluru drives 2023 demand with more than one-fourth share in gross leasing, followed by Delhi NCR & Chennai at around one-fifth share Flex space leasing continues to grow, highest leasing in any year at 8.7 mn sq ft, Large deals (>100,000 sq ft) accounted for 50% of 2023 demand; Space take-up by GCCs bounce back in Q4 50.1 mn sq ft of Grade A supply infusion in 2023 reflects strong developer confidence Vacancy remained rangebound while rentals firmed slightly Gurgaon, India, 24 December 2023: Contrary to initial beliefs, 2023 India office market has culminated on a spectacular note with 58.2 mn sq ft of gross absorption across the top 6 cities. The last quarter of the ye...

More properties, mid-market stability, increased diversification, new ways of living and heightened transformation all set to pave the way for real estate in the UAE  Dubai, United Arab Emirates, 20 December 2023: Throughout 2023, the UAE’s real estate sector has shown sustained growth and newer consumer preferences, welcoming increased foreign confidence and igniting great opportunities for the future. Property Finder asked real estate’s industry leaders of its esteemed PF Awards to outline the top five property trends to look out for in 2024. More available properties: With a lot of new projects and off-plan developments entering handover stage in 2024, property seekers are most likely to have a wider range of options to choose from.  Richard Waind, CEO, Betterhomes, explai...

Dec 20, 2023 Although, the start of the year was cautious, 2023 is on course to become one of the best-performing years in real estate sector across asset classes. Indian real estate market displayed exceptional resilience as optimism prevailed in domestic markets, despite volatility across the developed markets. Demand for commercial real estate is expected to match or even surpass the leasing records set in 2022. Domestic occupiers across diverse sectors such as technology, financial services, engineering & manufacturing, FMCG, and healthcare have ensured that the India office market remains active and grows from strength to strength. With continued adoption of “office dominant-hybrid work” and “hub & spoke” models, flex spaces particularly have been in high demand. Residentia...

Bengaluru, December 12, 2023: In a ground-breaking collaboration, Repos Energy, a pioneer in the Doorstep Fuel Delivery industry, and Cummins India Limited, a leading power solutions technology provider, have partnered to revolutionise fuel management in India with DATUM X (Data Automated Teller Ultimate Machine). As a part of this collaboration, Cummins India Limited will market and distribute Repos Energy’s DATUM X range of products through its vast distribution network across the country. The association was announced at CII EXCON 2023 held at the Bengaluru International Exhibition Centre. Vivek Malapati, Vice President, Distribution Business, Cummins India Limited, stated, “At Cummins, we believe that the path to environmental sustainability involves developing innovative, low to ze...