Tag: Knight Frank India

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Large Office Deals Make Up 59% of H1 2026 Leasing: Report

Representative AI image NEW DELHI: In H1 2026, large office transactions (1 lakh sq ft and above) amounted to 28.2 million sq ft across India’s eight major cities, as reported by Knight Frank India. These sizable deals constituted 59% of a total leasing volume of 48 million sq ft during the same period. Bengaluru led the way with 10.1 million sq ft in large office deals, representing 72% of the city’s total leasing activity. Hyderabad and NCR followed closely, each recording 4.9 million sq ft in large office leases, accounting for 65% and 68% of their respective total leasing volumes.…

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Mumbai housing sales up 1% to 47,355 units in H1 2026

NEW DELHI: Mumbai experienced housing sales of 47,355 units in the first half of 2026, marking a slight increase of one percent year-on-year, as reported by Knight Frank India. New launches saw an eight percent year-on-year rise, totaling 49,161 units during this timeframe, in line with moderated activity observed in 2025. The report indicates that the increase in supply was primarily driven by end-user demand. Unsold inventory fell by four percent year-on-year, bringing it down to 157,410 units in H1 2026. The time required to sell this inventory was 6.5 quarters, with an average age of unsold units at 19…

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Hyderabad Housing Sales Up 1% to 19,249 Units in H1 2026

NEW DELHI: In the first half of 2026, Hyderabad saw housing sales of 19,249 units, reflecting a 1% year-on-year increase, as reported by Knight Frank India. New launches decreased by 2% year-on-year to 20,466 units in this period. The report indicates that this slowdown is attributed to a more cautious approach from developers, amid stricter regulations, including the implementation of HYDRAA. The average residential prices increased by 7% year-on-year to ₹8,258 per sq ft in H1 2026, compared to ₹8,200 per sq ft in 2025. Knight Frank noted that the demand for housing in Hyderabad is largely driven by end-users,…

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India Office Leasing Falls 2% to 48M Sq Ft in H1 2026

Representative AI image NEW DELHI: In the first half of 2026, office leasing in India’s top eight cities reached 48 million sq ft, representing a slight two percent decline compared to the previous year, according to Knight Frank India. However, supply additions surged by 35 percent year-on-year, totaling 27.1 million sq ft during this period. The total office stock in these markets increased to 1,054.6 million sq ft, marking a six percent annual growth. Vacancy rates remained relatively stable, dipping slightly by 12 basis points year-on-year to 14.6 percent in H1 2026. Bengaluru led the office leasing market with 14.1…

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NCR Office Leasing Drops 1% to 7.2M Sq Ft in H1 2026

NEW DELHI: In the first half of 2026, the National Capital Region (NCR) saw gross office leasing reach 7.2 million sq ft, reflecting a slight one percent decrease compared to the previous year, as detailed in a report by Knight Frank India. Office completions amounted to four million sq ft during this timeframe, marking a two percent decline year-on-year. Overall, the total office stock in NCR has risen to 208.1 million sq ft, registering a five percent annual increase. Average transaction rents saw a significant rise of 13 percent year-on-year, reaching ₹106 per sq ft per month in H1 2026.…

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Mumbai Office Leasing Jumps 33% to 7.3M Sq Ft in H1 2026

NEW DELHI: In the first half of 2026, Mumbai’s gross office leasing reached 7.3 million sq ft, marking a 33% year-on-year increase, as reported by Knight Frank India. This notable growth is attributed to significant institutional transactions and strong demand from global capability centers (GCCs), BFSI firms, and third-party IT/ITeS occupiers. Office completions, however, saw a 30% decline year-on-year, totaling 1.6 million sq ft during this period. Mumbai’s overall office stock increased by 3% year-on-year, reaching 173.8 million sq ft. Vacancy rates dropped by 205 basis points year-on-year to 15.6% in H1 2026 due to heightened leasing activity and reduced…

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Bengaluru Office Leasing Drops 23% to 14.1M Sq Ft in H1 2026

NEW DELHI: In the first half of 2026, Bengaluru reported office transactions totaling 14.1 million sq ft, reflecting a 23% drop year-on-year, as per a Knight Frank India report. This decrease is attributed to a high benchmark set in H1 2025, which included 8.3 million sq ft of pre-commitment transactions. Notably, excluding these pre-commitments, Bengaluru achieved its highest half-yearly leasing volume, the report highlighted. Office completions surged by 407% from the previous year, reaching 10.4 million sq ft in H1 2026 as numerous large-scale projects that faced delays were finally completed. The total office inventory in Bengaluru increased to 254…

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NCR Housing Sales Drop 7% to 24,862 Units in H1 2026

NEW DELHI: The National Capital Region (NCR) saw residential sales reach 24,862 units in H1 2026, a seven percent decline from 26,795 units in H1 2025, as per Knight Frank India’s report. During the same period, new launches fell by five percent year-on-year, totaling 23,877 units compared to 25,233 units last year. Gurugram led the NCR residential market, representing 50 percent of new launches and 42 percent of total sales in H1 2026. Knight Frank noted that Gurugram’s launch pipeline is predominantly in the premium and luxury segments, with nearly all new projects starting above the ₹2 crore price point.…

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1.71 Lakh Homes Sold in Top 8 Indian Cities in H1 2026

Representative AI image NEW DELHI: According to a report from Knight Frank India, India’s eight leading residential markets recorded a total of 171,471 housing unit sales in H1 2026, marking a one percent increase year-over-year. New housing launches reached 187,350 units during the same period, reflecting a four percent annual growth. Total sales for the year 2025 were 348,207 units, slightly lower compared to the previous year. Knight Frank noted that the residential market is entering a phase of late-cycle consolidation, as sales stabilize after a four-year recovery period following the pandemic-induced downturn in 2020. Mumbai continues to lead as…

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Housing Affordability Stable in 6 of 8 Cities: H1 2026 Report

NEW DELHI: A report by Knight Frank India reveals that housing affordability remained stable across most major residential markets in H1 2026, bolstered by lower borrowing costs. Among the eight cities analyzed, six stayed within the affordability threshold, while the Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) surpassed the 50% benchmark. Ahmedabad emerged as the most affordable housing market among the top cities with an affordability ratio of 23%, followed by Kolkata at 25% and Pune at 28%. Bengaluru and NCR saw a slight decline in affordability compared to 2025, recording ratios of 35% and 65%, respectively.…