Premium residential segment sales up in H1 2023: Knight Frank
₹1 crore account for nearly 30% market share of sales as compared to 25% in H1 2022, the report said. It also said that H1 witnessed second-highest half-yearly residential sales volume in 9.5 years.
The office space rental increased in the range of 1-10% across top 8 cities. Kolkata office rents grew by 10% YoY, it said. The gross office space leasing in the financial capital rose 9% to 3.2 million square feet from 3 million square feet.
Office space transactions of 14.8 mn sq ft in Q2 2023 is the highest quarterly figure since Q1 2021, said the report. It also said that India-facing (35%) and flex (26%) accounted for the largest share of office space demand.
Volume transacted by flex spaces is at a new record high of 6.8 mn sq ft, its share of transactions at a record high of 26%. Office space vacancy has reduced in most markets, the report added.
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