India is marching towards 1 billion sq. ft. of Grade A office stock
Insight
20 May 2025
Pulse Real Estate Monthly Monitor: March 2025
Your browser doesn't support speech synthesis.
Listen to article •
Read time: 1 sec
A favorable market sentiment across India's major cities.
The March 2025 Pulse Real Estate Monthly Monitor provides a comprehensive overview of India's real estate market. The report highlights that demand for office space and retail leasing increased in most cities, while residential new launches went up across several markets.
Notably, 62% of operational office stock requires retrofit interventions. Bengaluru, Delhi NCR, Mumbai and Hyderabad comprise the largest share of assets with retrofitting potential. These four markets represent about 75% of occupier activity in the country.
Infrastructure developments, such as Mumbai's Mira-Bhayandar's double decker flyover and Chennai's Kuthambakkam bus terminus are set to boost regional real estate growth.Overall, the report indicates a favourable market sentiment across India's major cities.
The report offers city-specific insights on office, retail, and residential markets for key Indian cities, including rental and capital value trends, significant transactions, and infrastructure updates. It serves as a valuable resource for understanding the current state and future trajectory of India's real estate market. What’s more? Dr. Samantak Das, Chief Economist and Head Research & REIS, shares his insights on ‘ Futureproofing 4.0: Opportunity through Obsolescence’ published by JLL.