Month: December 2024

Average housing prices surged 11% YoY, 15th consecutive quarter of price increase starting 2021 With more than 30% rise, Delhi NCR saw the highest YoY growth, followed by Bengaluru at 24% Unsold inventory continued to drop on a quarterly basis, albeit still at high levels India, 02 December 2024: Average housing prices across the top eight markets in India rose 11% YoY at INR 11,000 per sq ft during Q3 2024, led by sturdy demand and positive market sentiments. Interestingly, average housing prices have increased for the 15th consecutive quarter since 2021. All the eight major cities saw an annual increase in housing prices with Delhi NCR witnessing the highest rise at 32% YoY, followed by Bengaluru at 24% YoY rise during the quarter. After registering record high sales over the ...

New Delhi, 3rd December 2024: Vestian's latest report on ‘REITs: Reshaping India’s Commercial Space’ states that 60% of India’s total Grade-A office space qualifies as REIT-worthy, highlighting the upside potential of REITs to transform the commercial real estate investment landscape. However, India’s REIT market is currently at a nascent stage compared to major global economies with only four listed REITs, covering an area of 125 Mn sq ft across the retail and office markets. Gradually, REITs are becoming popular among foreign and domestic investors owing to attractive returns in the form of dividends. Since their inception, REITs have distributed INR 16,800 crore, more in dividends compared to the entire NIFTY Realty Index. Despite producing better returns compared to the NIFTY Realty...