Knight Frank News

Subscribe to enjoy similar stories. BENGALURU: Property developer Address Maker has struck a ₹200 crore private credit deal with AI Growth Pvt. Ltd (AIGPL) to help with its projects, purchase of land and plans to enter new markets, top executives of both companies said.

Knight Frank India. Real estate consultant Knight Frank, in its latest edition of the Asia-Pacific Prime Office Rental Index for Q3 (July-September) 2024, said Delhi-NCR is the 6th most expensive office space rental market across the APAC region. Hong Kong SAR continues to be APAC's most expensive office market during the third quarter of this calendar year. Prime rents in the NCR remained stable in Q3 2024, while Mumbai and Bengaluru saw year-on-year (YoY) increases of 5 per cent and 3 per cent, respectively, driven by strong demand from corporates and limited new supply.

Real estate developers and financial institutions are cautiously optimistic about growth in the realty sector in the next six months amid geopolitical uncertainties, according to Knight Frank-NAREDCO. Real estate consultant Knight Frank and realtors' body NAREDCO released 41st edition of the Knight Frank-NAREDCO Real Estate Sentiment Index Q2, 2024 (April-June 2024) report, showing that the current sentiment index score has moderated to 65 from its all-time high of 72 in Q1, 2024. The future sentiment score declined to 65 from 73. «While both current and future sentiments remain firmly in the positive zone suggesting a continued belief in the sector's long-term prospects, the scores reflect a more tempered view on recent real estate growth, influenced by election and budget speculations,» Knight Frank said. The adjustment in the future sentiment index reflects a positive yet more conservative outlook for the near term.

As younger generations take the reins of wealth from the Silent Generation and baby boomers, a new report from Knight Frank sheds light on the evolving affluent landscape and implications for future investment strategies.

India's super rich have allocated 32 per cent of their wealth in residential properties in the country and overseas, Knight Frank said in a report on Wednesday. As per real estate consultant Knight Frank's The Wealth Report 2024, 32 per cent of India's Ultra-High-Net-Worth Individuals' (UHNWIs) wealth is allocated towards residential real estate asset class. Nearly 14 per cent of their residential portfolio is allocated outside India. UHNWIs are individuals with a net worth of USD 30 million and above.

HONG KONG (Reuters) — Hong Kong private home prices extended a fall in October, dipping to their lowest since March 2017, official data showed on Tuesday, weighed down by higher interest rates and weak buying sentiment.

Mumbai is at 4th position among 46 cities globally in terms of price rise of luxury residential properties, according to Knight Frank.

Global Capability Centres (GCC) of multinational companies are driving demand in Pune’s office space segment. Pune has recorded the highest GCC-focused area transacted volume in the country. Hyderabad was in the second spot in GCC leasing. GCCs accounted for 2.4 million sq ft in Pune and 2.2 million sq ft in Hyderabad.

Americans have been on a shopping spree for properties in Scotland.

Gulam Zia, Senior ED, Knight Frank, says “Home loan interest rates have been skyrocketing, perhaps the highest in almost about eight-nine odd years. But that has impacted the bottom to mid end of the market. The upper end is not so dependent, especially the luxury segment is not so dependent on home loans and that demand is going unabashedly up and the transactions there are going unbelievably high. That is where the share of affordable housing has been shrinking.”What are your thoughts on sustainability of this kind of momentum in real estate demand and where is the affordability coming from? One of the biggest drivers being cited is higher affordability. What are your thoughts there?Your question is what justifies this kind of euphoria? It is very difficult to say. A couple of thoughts; the wealth creation that we have seen in at least a year and a half or two in spite of the global gloom etc. Things have really gone well for India and that is where the traction in residential or home buys, home buying has been pretty good.

Lynne Fennah, non-executive chair of the trust since launch, said shareholders would have been left in a «very difficult» position if the board had stepped down.

Housing affordability saw a steady improvement from 2010 to 2021 across the eight leading cities of India, even during the Covid-19 pandemic, when the Reserve Bank of India (RBI) cut repo rates to decadal lows, the data showed. However, things changed after the Russia-Ukraine war started last year which pushed global inflation due to supply chain disruptions.

Europe and the US have banned certain Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the messaging network supporting global financial transactions. Barring Avalanche and Cardano, which dropped 2 per cent each, all of the top digital tokens were trading higher on Wednesday. Terra and BNB rose 4 per cent each, followed by a 2 per cent rise in Bitcoin and Solana.

crypto assets last year amid rising popularity of cryptocurrencies and NFTs, according to a Knight Frank report. UHNWIs are those who have net worth of USD 30 million (about Rs 226 crore) or more. In its Wealth Report released on Tuesday, Knight Frank said 18 per cent global UHNWIs now own cryptocurrencies or tokens, and 11 per cent have invested in NFTs (non-fungible tokens). «In case of India, 18 per cent of ultra-wealthy have invested in cryptoassets. 10 per cent of them being invested in cryptocurrencies/tokens and 8 per cent being invested in NFTs,» Knight Frank India said in a statement.