A K Raheja Corp. affiliate, Inorbit Malls (India), has paid approximately ₹400 crore to buy a retail property in Hubli, Karnataka, as a strategic foray into Tier-2 cities. The building, called Akshay Sky Mall, has a gross built-up area of around 650,000 square feet.

According to JLL, the time to sell active unsold housing inventory in India's top seven cities—Delhi NCR, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, and Kolkata—has dropped 31%. Due to rising home demand, inventory liquidation took 22 months in Q1 2024, down from 32 months in 2019.

The Indian residential property market reached record highs in the March quarter due to steady economic circumstances and buyer confidence. JLL India reported record residential sales despite increased borrowing rates and property costs.

Indian luxury real estate market is on a high and the speed does not seem to get slower as we move into 2024. Ghar finds out the reasons and factors for the same.

From January 2022 to October 2023, Indian real estate developers bought 3,294 acres of property, 44.4% of which was in Tier 2 and 3 cities.

Between 2023 and 2025, 678 MW will be added to the digital transformation industry in India due to the increasing use of digital technology, the migration of IT infrastructure to third-party providers, and the increased use of data from new and existing channels.

Net absorption of warehouse space is expected to reach 42.5 mn sq ft by the end of 2022, according to a forecast by JLL.The total vacancy rate drops significantly to reach 11.4% in H1 2022 as demand rises.

Rahul Arora has been appointed head of retail services in India by JLL. Rahul, who is based in Bengaluru, will assume this role in addition to his current responsibilities as head of office leasing advisory and MD for Karnataka and Kerala.

The realty sector of India, especially the residential sector, which has been languishing in the doldrums for the last few years, is showing indications of some buoyancy, if JLL, India (Jones Lang La Salle), a Fortune 500 company providing professional se