Decoding India’s Real Estate Boom: What’s Driving The Demand?
Anarock stories 7% rise in workplace rentals to Rs 83 per sq ft/month across major Indian cities in H1 FY24 as a end result of building cost hikes. Office house exercise stagnates, with a 5% provide increase and 1% absorption decline. Average rents grew in Chennai (10%), Hyderabad (8%), Bengaluru, Pune, Kolkata (7%), MMR (5%), and Delhi-NCR (5%). In the last couple of years, the residential market has come out of a long interval stagnancy in costs. Attracted by the prospect of capital features, the residential market is at present witnessing large participation from investors, according to international property marketing …
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