Commercial Property Rental Index

The 9M CY'24 India Warehousing Report by CRE Matrix highlights key trends in the Grade A/A+ warehousing sector. With a 12% YoY increase in rentals and an absorption-to-supply ratio of 1.4, the sector showcases robust growth. Pune and MMR contributed 50% of demand, while NCR and Bengaluru led with 43% of supply. Manufacturing, 3PL, and e-commerce remain the top drivers of this thriving industry.

CRE Matrix, in collaboration with CREDAI National, presents the India Office Report Q3 CY'24, highlighting record-breaking trends in office real estate. With 58 msf of demand in the first three quarters—surpassing the full-year demand of CY 2018—CY'24 is poised to set a new benchmark with an expected 80 msf of annual demand, driven by GCCs, Co-working spaces, and IT/ITeS sectors. Market rents have surged past ₹100 in Bengaluru and NCR, pushing the pan-India average to ₹110, while vacancy rates dropped to a 14-quarter low of 16.1%, led by Bengaluru, MMR, and Hyderabad. Notably, co-working spaces claimed a record 22% demand share, and the demand-to-supply ratio hit an all-time high of 1.6X. Download the report for detailed insights!

IIM Bangalore - Real Estate Research Initiative (RERI) and CRE Matrix proudly announce the release of India’s first research-driven Commercial Property Rental Price Index for Offices (CPRI-Office). Built on years of real transaction data and rigorous back-testing, ensuring unmatched accuracy. Designed to empower investors, lenders, developers, brokers, and occupiers with smarter benchmarking and market insights. A critical tool for shaping the future of REITs, SM REITs, and India's commercial real estate landscape. With validated data and cutting-edge tools, this index is your gateway to uncovering opportunities and optimizing investments. Get ready to redefine the way we navigate the market. The future of commercial real estate starts now!

CRE Matrix presents the India Housing Report for Q3 CY’24, revealing pivotal trends in the real estate market. Delhi-NCR led in sales value, contributing ₹41,219 crore, around 30% of the market, while Pune and Hyderabad topped in unit sales, with Pune at 20% and Hyderabad at 17%. Despite a 5% dip in units sold across metro cities, a 23% rise in sales value from Q3 CY'23 reflects increasing property prices. The overall market saw transactions reach ₹4,266 billion, a figure projected to grow by year-end. Bengaluru experienced notable growth, with sales values surging by 72% since CY'21, totaling ₹62,000 crore. By Q3 CY'24, total unit sales across metros reached 3 lakh, with more growth expected. Download the full report here for a comprehensive view.

CRE Matrix and CREDAI present the India Office Report for Q2 CY'24, highlighting impressive growth in office leasing. H1 CY'24 saw 38 msf leased, nearly matching the record set in H1 CY'22, with demand up by 21% from H1 CY'23, driven by Bengaluru and MMR, which contributed 50% of the total. MMR hit a record high with 4.6 msf leased in Q2, while pan-India vacancy rates dropped to 16.8%, led by reductions in Delhi-NCR, MMR, and Pune. Rentals increased by 4.3%, with Bengaluru, Hyderabad, and Chennai leading the rise. IT/ITeS, BFSI, and co-working spaces dominated, accounting for 66% of demand. Download the full report for detailed insights.