Knight Frank India Releases India Real Estate Update Q3 2021 || Chennai Sees Good growth both in Commercial & Residential unit sales
Chennai registers 115% YoY growth in office transaction of 0.15 mn sq m (1.6 mn sq ft) in Q3 2021: Knight Frank India Chennai witness growth of 17% YoY in the residential unit sales in Q3 2021: Knight Frank India Chennai, 4 th October 2021: Knight Frank India, leading international property consultancy, today launched its quarterly report - India Real Estate Update - Q3 2021 ; which cited that Chennai registered 115% rise in office space transactions to 0.15 mn sq m (1.6 mn sq ft) and 258% rise in new completions to 0.02mn sqm (0.2 mn sq ft) in Q3 2021. The cumulative office transactions for the first nine months of 2021 were reported to be at 0.09 mn sq m (2.8 mn sq ft). Shishir Baijal, CMD, Knight Frank Chennai’s residential sales and new launches witnessed growth of 17% and 49% YoY, respectively in Q3 2021. The city recorded sales of 3,610 residential units and launches of 3,795 residential units were launched during this period. Weighted average prices...