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Time of India
6 days ago
- Business
- Time of India
Premium housing market cornered 62% market share in 2025
Within the premium segment, the rise was largely driven by the 14% growth in demand for houses priced Rs 3-5 crore. (AI image) NEW DELHI: Houses priced at Rs 1 crore and above were in highest demand in the first half of 2025, according to a research report by JLL. The premium segment accounted for 62% of the sales during the period. This is a significant increase from the 51% market share of the premium segment during the same period last year. Within the premium segment, the rise was largely driven by the 14% growth in demand for houses priced Rs 3-5 crore. At the same time, the mass segment's (houses priced below Rs 1 crore) share dropped to 38% in the first half of 2025 from 41% during the same period of last year. 'The steady growth in luxury home sales indicates rising buyer affluence, evolving lifestyle aspirations, and a heightened demand for larger, premium living spaces,' said Dr Samantak Das, Chief Economist and Head of Research and REIS, India, JLL. Though launches have slowed down, developers are focusing more on high-end and premium projects to align with current demand patterns. The April-June quarter of 2025 saw 74,239 new homes enter the market, bringing the total to 154,086 units in the first half of 2025. Bengaluru, Mumbai, and Pune retained their leadership position in India's housing sector. These three cities collectively hold a 63% share in the residential sales volume across top seven cities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Information about Autoclave Use In Laboratories And Industry contentcuehub Search Now Undo Launches of homes priced over Rs 1 crore surged 110% in the first half of 2025 compared to the same period last year. But it was Delhi NCR that led the y-o-y property price growth. While home prices across India's seven major cities continued to climb in the first half of 2025, Delhi NCR saw the highest jump at 17%, while Bengaluru followed at 14%. This widespread price growth across all major markets stems from higher building costs and consistent buyer demand, which has encouraged developers to launch more premium housing options. The rate cuts by the RBI and declining inflation levels are expected to boost India's housing market by making home loans more affordable, helping stabilize building costs, and enhance consumer confidence—creating favourable conditions for both homebuyers and developers. However, housing finance companies have not lowered lending rates even though the repo rate has been cut by almost 100 basis points in the past 12 months. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
22-07-2025
- Business
- Time of India
Luxury housing performance outpaces mass market in H1 2025
India's housing market is witnessing a decisive tilt toward premium homes, with properties priced above Rs 1 crore accounting for 62% of all residential sales during the first half of 2025, showed data from JLL. This marks a sharp rise from 51% in the first half of 2024, signalling strong momentum in the high-end housing segment even as overall volumes declined. The rise in contribution was largely driven by 14% growth in demand for INR 3.0-5.0 crore housing segment during the same period. While premium homes gained market share during the period, the share of the mass segment with a price bracket of less than Rs 1 crore dropped to 38% during the period from 49% a year ago. 'The steady growth in luxury home sales indicates rising buyer affluence, evolving lifestyle aspirations, and a heightened demand for larger, premium living spaces. This increasing focus on premium properties has overshadowed activity in the mass housing segment,' said Samantak Das, Chief Economist and Head of Research and REIS, India, JLL. In the first half of 2025, Bengaluru, Mumbai, and Pune retained their leadership position in India's housing sector, collectively holding 63% share in the residential sales volume across the top seven cities. Despite fewer new project announcements during the period, launch of homes priced over Rs 1 crore surged 110% from a year ago. 'Despite a slowdown in launch momentum developers are focusing more on high-end and premium projects to align with current demand patterns. Q2 2025 saw 74,239 new homes enter the market, bringing the H1 2025 total to 154,086 units. The luxury segment showed remarkable momentum, with properties priced above Rs 1 crore more than doubling in number compared to H1 2024, responding to robust demand in this premium category,' said Siva Krishnan, Senior MD (Chennai & Coimbatore), Head - Residential Services, India, JLL. Despite the overall decline in sales in the first half of 2025, India's top seven cities maintained quarterly growth momentum during the June quarter, recording 69,630 unit-sales. Four major markets of Bengaluru, Mumbai, Pune, and Delhi NCR--each surpassed 10,000-unit sales in the quarter, collectively accounting for around 77% of total quarterly sales. The luxury segment showed exceptional quarterly performance, with homes priced above Rs 5 crore experiencing substantial 42% sequential growth, while demand in the Rs 3-5 crore range increased by 28% compared to the previous quarter.
India.com
14-06-2025
- Business
- India.com
US Companies Achieve Record-Breaking Office Leasing Volumes In India: Report
New Delhi: US firms have achieved record-breaking office leasing volumes in India in the past couple of years, with 2024 marking the highest annual activity ever recorded, with global capability centres (GCCs) emerging as the primary growth driver, a report showed on Saturday. The leasing volumes from 2017 through Q1 2025 shows US occupiers maintained a commanding 34.2 per cent share of India's office market during the 2022-Q1 2025 period, with 2024 recording the highest annual leasing numbers in absolute terms. In fact, Q1 2025 has also maintained the same quarterly average as the previous year, according to a JLL report. While US firms' market share has modestly declined since the pre-pandemic period, their absolute leasing volume has increased by approximately 16 per cent, indicating a strategic deepening of American corporate presence in India despite overall market diversification, the report mentioned. "US-origin GCCs consistently represent over two-thirds of all leasing activity by American firms. This underscores India's central position in long-term business strategies for major US corporations,' said Dr Samantak Das, Chief Economist and Head of Research and REIS, India, JLL. The predominance of GCCs within US firms' real estate footprint demonstrates that American companies view India not merely as an outsourcing destination, but as a critical hub for innovation and strategic operations. 'Within the country, each city offers distinct advantages: Bengaluru has evolved into a multi-sectoral powerhouse beyond tech, Chennai boasts India's most balanced market across BFSI, e-commerce, and tech sectors, Mumbai serves as the financial nerve centre where US-based BFSI GCCs dominate, and Hyderabad has established itself as a specialised hub for BFSI, healthcare, and pharmaceutical operations,' Das informed. Bengaluru has strengthened its position as the preferred destination, capturing 35 per cent of all US occupier leasing activity between 2022-Q1 2025. Hyderabad and Delhi-NCR have emerged as the second and third most attractive markets, followed by Chennai and Pune. "India's combination of skilled talent at scale, supportive ecosystem, cost advantages, and growth-oriented policy environment continues to make it an increasingly attractive destination for US corporations looking to establish and expand their global capabilities,' said Rahul Arora, Head-Office Leasing and Retail Services, Senior Managing Director (Karnataka, Kerala), India, JLL.
Hans India
04-06-2025
- Business
- Hans India
Domestic occupiers capture 46 pc of office leasing in India since 2022: Report
Indian firms have significantly increased their footprint in the commercial real estate market, with domestic occupiers accounting for 46 per cent of gross leasing activity since 2022 -- up from 35 per cent during 2017-2019, according to a new report released on Wednesday. Leasing volumes by domestic firms reached unprecedented levels in 2024 with 31.9 million square feet, with them continuing the strong momentum into Q1 2025 with 8.8 million square ft already leased, said the report by JLL. The BFSI sector has recorded the most substantial growth in average transaction size. BFSI firms have more than doubled their space requirements, with average deal sizes jumping from 10,500-11,500 sq. ft in 2017-2019 to 24,000-25,000 sq. ft in the 2022-Q1 2025 period, representing a staggering 125-130 per cent increase. Delhi-NCR leads in domestic leasing activity, while Mumbai has shown the most significant growth with its share increasing by approximately 62 per cent. "This evolution reflects India's strengthening economy and changing corporate strategies focused on efficiency and consolidation. While global occupiers remain the mainstay, the rising importance of Indian occupiers in the office market will continue to support the rising leasing activity levels in the country,' said Dr Samantak Das, Chief Economist and Head of Research and REIS, India, JLL. Both these, together, have the potential to push India's leasing volumes to over 100 million sq. ft over the next 3-4 calendar years, he added. After BFSI, manufacturing follows closely behind with average deals growing from 7,000-8,000 sq. ft to 15,000-16,000 sq. ft, a 100-120 per cent increase that reflects India's strengthened focus on domestic production capabilities. While flex operators continue to secure the largest spaces per transaction at 57,000-60,000 sq ft (up 35-45 per cent from previous levels), technology firms have also substantially increased their footprint. The IT and ITeS sector now averages 31,000-32,000 sq. ft per deal, up 85-95 per cent from the 2017-2019 period, the report noted. "The evolution of India's domestic corporate real estate landscape reveals a fascinating divergence in occupier preferences across major metros. Delhi NCR and Mumbai have emerged as clear frontrunners, but with distinctly different demand drivers,' said Rahul Arora, Head-Office Leasing and Retail Services, Senior Managing Director (Karnataka, Kerala), India, JLL.
Fashion Network
12-05-2025
- Business
- Fashion Network
Indian retail grows by 169% in January to March quarter: JLL India
India's retail sector witnessed a 169% year-on-year expansion in the January to March quarter of 2025, driven by continued momentum in new store openings across major cities, according to a new report by JLL India. Retailers leased 3.1 million square feet of space in malls and high streets across the top seven cities during the January to March quarter this year, while 2 million square feet of new retail space was added. Gross leasing activity also rose by 9% quarter-on-quarter during the three months, Apparel Resources India reported. Apparel and fashion continued to dominate leasing demand, with both fast fashion and contemporary brands expanding their brick-and-mortar presence. Samantak Das, chief economist and head of research and REIS, India, JLL, said brands that catered to fast fashion and contemporary styles dominated the space take-up as both new and established players in the Indian retail scene quickly increased their brick and mortar footprint to meet the needs of the younger demographic. While demand across cities remained steady, the report noted that new retail space additions hit a record high. Bengaluru and Hyderabad accounted for 60% of total leasing activity, particularly in suburban micro-markets where demand from fashion, food and beverage, grocery, and daily needs retailers drove the need for larger stores. Domestic retailers accounted for 86% of space take-up, while eight international brands launched their first Indian stores during the quarter.
