REAL ESTATE

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.

CRE Matrix and CREDAI National are excited to share the Grade A India Warehousing Report for Q2 CY'24, revealing key insights. India achieved its lowest-ever vacancy rate for Grade A warehousing at 8.2% in H1 CY'24, driven by a robust demand-to-supply ratio of 1.4x, with 20.3 million sq ft leased against a supply of 14.8 million sq ft. Leading markets, MMR, Pune, and NCR, captured 65% of this demand. Additionally, rental rates saw a 4% increase over the past year, fueled by strong leasing activity from key sectors like 3PL, manufacturing, and electrical.

CRE Matrix and CREDAI Pune Metro present the Pune Housing Report for September 2024, highlighting a significant 36% rise in housing sales volumes from H1 2019 to H1 2024, with 44,000 units sold—the highest among Indian metro cities. The total value of semi-annual housing sales doubled from ₹15,000 crores in H1 2019 to ₹31,000 crores in H1 2024. The average home value in Pune increased by 39% to ₹71 lakhs in H1 2024, compared to CY 2020. Notably, there was a 357% surge in sales of flats priced between ₹1 crore and ₹2 crores from H1 2021 to H1 2024. North West Pune and Pimpri-Chinchwad emerged as key growth areas driving this robust performance.

India’s retail sector has never been quantified from the perspective of retail brand segments and categories. While most studies have gauged the leasing demand and supply in retail, this study is the first-ever report that categorizes and quantifies the entire Indian retail brand universe. The CRE Matrix GRIP Unlocked report aims to equip developers and retailers across India with unique insights that define India’s retail landscape today and are poised to play a pivotal role in how the sector shapes the future.