
Bengaluru continues to be the most favoured office market, maintains its leadership position; City records a nine-year high in residential sales: Knight Frank India
Bengaluru accounted for 21% of the total transactions across top eight markets in 2023
Average transacted rentals in Bengaluru grew by 6.6% YoY
54,046 residential units sold in 2023
Premium residential units costing >INR 10 mn witnessed an annual growth of 38%
Bengaluru, January 3, 2024: Knight Frank India in its latest report, India Real Estate: Residential and Office (July - December 2023) cited that Bengaluru registered office transaction volume of 12.5 mn sq ft in 2023. This is the highest transaction volume recorded amongst the leading eight cities in India.
In 2023, despite the moderation in comparison to 2022, Bengaluru registered the second-best office transactions surpassing the 10 – year average of 12.2 mn sq ft. Global Capability Centres (GCC), flex spaces a...