Knight Frank India today launched the 11thedition of its flagship half-yearly report - India Real Estate.
Residential launches in Chennai grow by 19 % ( YoY ) in H1 2019; sales, driven by affordable housing segment, go up by 5 % ( YoY ): Knight Frank Report Volume of office space transacted in the city saw 6 % increase ( YoY ) in H1 2019 : Knight Frank Report Chennai, July 9, 2019 : The report presents a comprehensive analysis of the residential ( across eight cities ) and office ( across eight cities ) market performance for the period January – June 2019 ( H1 2019 ) . The report findings establish that the number of residential launches in Chennai increased by 19 % in H1 2019 to 7,762 from 6,523 in H1 2018. The housing units sold saw an increase of 5 % in H1 2019 to 8,979from 8,585in H1 2018 . Chennai ’ s office market witnessed 6 % increase in volume of office space transacted in H1 2019 to 0 . 2 mnsq m ( 1 . 9mnsqft ) from 0 . 2mnsq m ( 1 . 8 mnsqft ) in H1 2018 .Increased co-working activity is driving office space absorption in H1 2019 and has contribute...