Saturday, Apr 20 2024 | Time 03:45 Hrs(IST)
image
Business EconomyPosted at: Oct 4 2021 4:28PM


Bengaluru sees 131 percent YoY growth in residential unit sales in Q3 2021

Bengaluru, Oct 4 (UNI) Knight Frank India, in its quarterly report, said Bengaluru has witnessed growth of 131 per cent YoY in the residential unit sales in Q3 2021, which is second highest in the country.
Knight Frank India, which is a leading international property consultancy, Monday launched its quarterly report.
Bengaluru’s residential sales and new launches witnessed growth of 131 per cent and 86 per cent YoY respectively in Q3 2021, the statement said.
The city recorded sales of 11,337 residential units and launches of 8,797 residential units during this period. Weighted average prices in Bengaluru market remained stable during the quarter, it added.
The report also cited Bengaluru registering the highest transactions in the office space in the country. The city reported office transactions of 0.40mn sqm (4.3mn sqft) while new completions were at 0.38mn sqm (4.0mn sqft), the statement said.
The cumulative office transactions for the first nine months of 2021 were reported to be at 0.73mn sqm, it said.
"Bengaluru commanded dominance by registering highest office space transactions in the country during the period of July-September 2021," Knight Frank India Chairman and MD Shishir Baijal said.
As the global commercial occupiers plan to return to office and explore real estate portfolio expansion in APAC region, Bengaluru’s office assets will find favourable preference amongst the occupiers and investors, he added.
UNI BDN SHK1628
Please log in to get detailed story.
Tags: #Bengaluru sees 131 percent YoY growth in residential unit sales in Q3 2021
More News

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
Rupee up 8 paise against USD

Rupee up 8 paise against USD

19 Apr 2024 | 5:05 PM

Mumbai, April 19 (UNI) The Rupee on Friday ended positive at 83.47, rising 8 paise against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..
image