The Delhi-NCR additionally witnessed a 3 per cent YoY enhance in workplace rental progress. (Representative picture)
Delhi-NCR data a wholesome YoY progress in per sq. toes costs of residential properties throughout January-March 2023
Housing gross sales in India rose 1 per cent year-on-year and workplace leasing grew 5 per cent yearly throughout January-March this yr, based on a report by Knight Frank. It added that whereas workplace leases elevated by 2-9 per cent throughout this era, housing costs rose by 1-7 per cent yearly throughout Delhi-NCR. Office leasing additionally recorded an astounding 12 per cent enhance to achieve 2.6 million sq. toes.
Delhi-NCR recorded a wholesome YoY progress in per sq. toes costs of residential properties throughout January-March 2023. According to the report by Knight Frank India, the mid and premium segments of the housing market are anticipated to drive volumes additional in the approaching yr.
The Delhi-NCR additionally witnessed a 3 per cent YoY enhance in workplace rental progress.
Sharing his insights, Vineet Taing, chief government officer of Vatika Business Centres, mentioned, “There is a gradual demand for each residential and business properties in India, with the mid and premium segments outperforming the market. Despite rising rates of interest and costs, workplace leasing have risen by 2 per cent and 12 per cent YoY.”
He added that the relatively strong economic ecosystem in India has definitely helped the office market to remain stable. Driven by high-quality talent and cost arbitrage the office rentals have recorded a growth of 3 per cent YoY across Delhi-NCR.
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