Chennai Real Estate Achieves Ofice Space Transactions of 2.6 mn sq ft during Q3 2024: Knight Frank India

-

  • Residential sales in the mid segment category occupied 43% of total sales in the city

Chennai, October 03, 2024: Knight Frank India, in their latest report – India Real Estate: Residential and Office Q3 2024 (July - September 2024) cited that Chennai observed office space transactions of 2.6 mn sq ft during Q3 2024. The city witnessed a 35% increment in the transaction volume when compared to previous year.The average transacted rent of the city grew by 10% YoY to INR 69/ sq ft/month during the quarter.

Chennai recorded the highest office leasing activities from GCCs and Third Party IT Services at 1.0 mn sq ft respectively during Q3 2024 and constituted 38% of the total office space transactions each in the city, followed by India Facing Business and Flex at 15% and 9% respectively.

The residential market of Chennai witnessed a total of residential sales volume of 4,105 units with a YoY growth of 6%. The city witnessed 4,273 units being launched in the quarter registering YoY growth of 7%.

During Q3 2024, 43% of the residential sales were in the ticket size between INR 5 mn to 10mn registering a YoY growth of 22%. The ticket size of 10mn and above registered a growth of 37% and accounted of 30% of total market share in the city. Ticket size of below INR 5mn constituted 28% of the overall residential sales in the market in the region.

****

Popular posts from this blog

ЁЭШТЁЭШвЁЭШ╢ЁЭШ╖ЁЭШжЁЭШ│ЁЭШ║ ЁЭШПЁЭШ░ЁЭШ┤ЁЭШ▒ЁЭШкЁЭШ╡ЁЭШвЁЭШн, ЁЭШЩЁЭШвЁЭШеЁЭШкЁЭШвЁЭШн ЁЭШЩЁЭШ░ЁЭШвЁЭШе, ЁЭШУЁЭШвЁЭШ╢ЁЭШпЁЭШдЁЭШйЁЭШжЁЭШ┤ ЁЭШИЁЭШР ЁЭШЪЁЭШ▒ЁЭШжЁЭШдЁЭШкЁЭШвЁЭШнЁЭШкЁЭШ┤ЁЭШжЁЭШе ЁЭШКЁЭШнЁЭШкЁЭШпЁЭШкЁЭШдЁЭШ┤ ЁЭШкЁЭШп ЁЭШХЁЭШжЁЭШ╢ЁЭШ│ЁЭШ░ЁЭШнЁЭШ░ЁЭШиЁЭШ║ ЁЭШвЁЭШпЁЭШе ЁЭШЙЁЭШ│ЁЭШвЁЭШкЁЭШп & ЁЭШЪЁЭШ▒ЁЭШкЁЭШпЁЭШж ЁЭШЪЁЭШ╢ЁЭШ│ЁЭШиЁЭШжЁЭШ│ЁЭШ║

-
Image
Chennai, 21 August, 2025 – In a significant step towards advancing excellence in neurosciences, Kauvery Hospital, Radial Road, proudly announces the launch of Specialised Clinics in Neurology and Brain & Spine Surgery , along with the introduction of Artificial Intelligence (AI) in Stroke Services. This transformative initiative is designed to enhance the diagnosis, treatment, and comprehensive management of neurological and neurosurgical conditions, reflecting the hospital’s unwavering commitment to innovation, expertise, and patient-centric care. A Transformative Approach to Neurosciences Care:  With the global incidence of neurological and spinal disorders on the rise, there is a critical need for integrated healthcare that combines advanced technology with clinical expertise. At the forefront of this evolution is the Kauvery Institute of Brain and Spine (KIBS), home to a multidisciplinary team of leading neurologists, neurosurgeons, neuroradiologists, neuropsychologists, cr...
Read more

ЁЭШТЁЭШвЁЭШ╢ЁЭШ╖ЁЭШжЁЭШ│ЁЭШ║ ЁЭШПЁЭШ░ЁЭШ┤ЁЭШ▒ЁЭШкЁЭШ╡ЁЭШвЁЭШн ЁЭШЭЁЭШвЁЭШеЁЭШвЁЭШ▒ЁЭШвЁЭШнЁЭШвЁЭШпЁЭШк ЁЭШУЁЭШжЁЭШвЁЭШеЁЭШ┤ 'ЁЭШХЁЭШвЁЭШоЁЭШоЁЭШв ЁЭШПЁЭШжЁЭШвЁЭШ│ЁЭШ╡ ЁЭШЮЁЭШвЁЭШнЁЭШм' ЁЭШ░ЁЭШп ЁЭШРЁЭШпЁЭШеЁЭШжЁЭШ▒ЁЭШжЁЭШпЁЭШеЁЭШжЁЭШпЁЭШдЁЭШж ЁЭШЛЁЭШвЁЭШ║ ЁЭШ╕ЁЭШкЁЭШ╡ЁЭШй ЁЭШКЁЭШвЁЭШ│ЁЭШеЁЭШкЁЭШвЁЭШд ЁЭШЪЁЭШ╢ЁЭШ│ЁЭШ╖ЁЭШкЁЭШ╖ЁЭШ░ЁЭШ│ЁЭШ┤ & ЁЭШЛЁЭШ░ЁЭШдЁЭШ╡ЁЭШ░ЁЭШ│ЁЭШ┤

-
Image
Chennai, August 15, 2025: In a moving celebration of both health and independence, hundreds of cardiac patients who had fully recovered after life-saving interventions at Kauvery Hospital, Vadapalani walked hand-in-hand with their treating cardiologists at Anna Nagar Tower Park on 15th August, 2025, Independence Day. The “Namma Heart Walk” was flagged off by Thiru M.K. Mohan, MLA – Anna Nagar Constituency and celebrated Indian Contemporary Artist Trotsky Marudu and joined by senior cardiologists and cardiac surgeons, Dr. Anbarasu Mohanraj , Clinical Lead & Senior Consultant – Cardiovascular & Thoracic Surgery, Prof. Dr. P. Manokar , Clinical Lead – Interventional Cardiology and Dr. C. Sundar , Clinical Lead – Structural Cardiology. Youtube Video link ЁЯСЗ  As part of the celebrations, the chief guest, Thiru M.K. Mohan, also inaugurated a public Automated External Defibrillator (AED) unit at Anna Nagar Tower Park. This life saving device will be accessible to the public durin...
Read more

ЁЭШЪЁЭШРЁЭШФЁЭШЪ ЁЭШПЁЭШ░ЁЭШ┤ЁЭШ▒ЁЭШкЁЭШ╡ЁЭШвЁЭШн ЁЭШЪЁЭШ╢ЁЭШдЁЭШдЁЭШжЁЭШ┤ЁЭШ┤ЁЭШзЁЭШ╢ЁЭШнЁЭШнЁЭШ║ ЁЭШЫЁЭШ│ЁЭШжЁЭШвЁЭШ╡ЁЭШ┤ ЁЭШЩЁЭШвЁЭШ│ЁЭШж ЁЭШЪЁЭШмЁЭШкЁЭШп ЁЭШЫЁЭШ╢ЁЭШоЁЭШ░ЁЭШ╢ЁЭШ│ ЁЭШ╕ЁЭШкЁЭШ╡ЁЭШй ЁЭШЪЁЭШмЁЭШ╢ЁЭШнЁЭШн & ЁЭШЪЁЭШдЁЭШвЁЭШнЁЭШ▒ ЁЭШЩЁЭШжЁЭШдЁЭШ░ЁЭШпЁЭШ┤ЁЭШ╡ЁЭШ│ЁЭШ╢ЁЭШдЁЭШ╡ЁЭШкЁЭШ░ЁЭШп

-
Image
Chennai, August 19, 2025: In a remarkable medical achievement, the multidisciplinary team at SIMS Hospital successfully treated a young IT professional suffering from Dermatofibrosarcoma Protuberans (DFSP), a rare and aggressive skin cancer that swiftly spreads to surrounding tissues, including muscle and bone. In the patient’s case, the cancer had severely affected his scalp and skull. The scalp is now fully covered with healthy and stable tissue. The patient will need regular follow-up for early detection of recurrence, sun protection, and good scalp hygiene. After the tumour was removed, the patient’s skull was reconstructed. Then, the scalp was repaired in stages using skin grafts ,flaps tissue expander and the final repair using a piece of tissue from the patient’s thigh. A metastatic lung nodule was also removed during the procedure. Press meet Youtube Video link ЁЯСЗ  Dermatofibrosarcoma Protuberans is extremely uncommon, affecting only 1–5 individuals per million. DSFP begin...
Read more

ЁЭШЙЁЭШвЁЭШпЁЭШм ЁЭШ░ЁЭШз ЁЭШРЁЭШпЁЭШеЁЭШкЁЭШв ЁЭШКЁЭШйЁЭШжЁЭШпЁЭШпЁЭШвЁЭШк ЁЭШбЁЭШ░ЁЭШпЁЭШж ЁЭШ░ЁЭШ│ЁЭШиЁЭШвЁЭШпЁЭШкЁЭШ┤ЁЭШжЁЭШ┤ ЁЭШЬЁЭШеЁЭШ║ЁЭШвЁЭШоЁЭШк ЁЭШЭЁЭШкЁЭШмЁЭШвЁЭШ┤ ЁЭШЬЁЭШ╡ЁЭШ┤ЁЭШвЁЭШ╖; ЁЭШМЁЭШ╣ЁЭШ▒ЁЭШ░ЁЭШ│ЁЭШ╡ & ЁЭШФЁЭШЪЁЭШФЁЭШМ ЁЭШКЁЭШ╢ЁЭШ┤ЁЭШ╡ЁЭШ░ЁЭШоЁЭШжЁЭШ│ ЁЭШЦЁЭШ╢ЁЭШ╡ЁЭШ│ЁЭШжЁЭШвЁЭШдЁЭШй ЁЭШЧЁЭШ│ЁЭШ░ЁЭШиЁЭШ│ЁЭШвЁЭШо

-
Image
Chennai:  As part of its MSME customer outreach programme, Bank of India, Chennai Zone, organised the ‘ Udyami Vikas Mahotsav : Exporter/Importer Meet’. The event aimed to foster growth, innovation, and collaboration among MSMEs, exporters, and importers in the region.  The programme was held in the presence of Bank of India dignitaries, including Executive Director BOI Head office Subrat Kumar , General Manager Radha Kant Hota, General Manager Anita Mohanty, Zonal Manager Mohan Marethi, AGM Harpreet Singh, Managers Vishal Kumar Thakur, Kirtana and other bank officials. Event Program Youtube Video link ЁЯСЗ  Loan sanction letters were distributed to MSME and export customers. Interactions were held between bank officials, MSMEs, exporters, and importers, on challenges, opportunities, and solutions. Bank officials provided guidance on various financial products and services, including export-import financing, MSME loans, and other support initiatives.  The event fa...
Read more

ЁЭШЪЁЭШвЁЭШгЁЭШ┤ЁЭШж ЁЭШЧЁЭШжЁЭШйЁЭШнЁЭШж ЁЭШУЁЭШкЁЭШзЁЭШж ЁЭШРЁЭШпЁЭШ┤ЁЭШ╢ЁЭШ│ЁЭШвЁЭШпЁЭШдЁЭШж ЁЭШКЁЭШвЁЭШоЁЭШ▒ЁЭШвЁЭШкЁЭШиЁЭШп & ЁЭШФЁЭШвЁЭШ│ЁЭШмЁЭШжЁЭШ╡ ЁЭШЩЁЭШжЁЭШ┤ЁЭШжЁЭШвЁЭШ│ЁЭШдЁЭШй ЁЭШгЁЭШ║ ЁЭШРЁЭШпЁЭШ┤ЁЭШ╢ЁЭШ│ЁЭШвЁЭШпЁЭШдЁЭШж ЁЭШИЁЭШ╕ЁЭШвЁЭШ│ЁЭШжЁЭШпЁЭШжЁЭШ┤ЁЭШ┤ ЁЭШКЁЭШ░ЁЭШоЁЭШоЁЭШкЁЭШ╡ЁЭШ╡ЁЭШжЁЭШж (ЁЭШРЁЭШИЁЭШК-ЁЭШУЁЭШкЁЭШзЁЭШж)

-
Image
Chennai, August 22, 2025 — A recent study by the Insurance Awareness Committee (IAC-Life), conducted in collaboration with Kantar, a market research platform has identified Tamil Nadu as one of the states with a high potential for life insurance penetration. The study underscored the importance of region-specific insights in advancing life insurance penetration. It has presented data that helped understand financial preparedness and life insurance awareness across regions in India. Venkatachalam Iyer, Co-Chairperson, Insurance Awareness Committee (IAC-Life) The study pegs the southern state as one of India’s most insurance-aware and future-ready societies. Tamil Nadu recorded 100% awareness of life insurance and a high purchase intent of 70% among those yet to buy a policy, well above the national average of 55%, and notably higher than other states like Uttar Pradesh (58%), West Bengal (53%), and Andhra Pradesh & Telangana (26%). Tamil Nadu’s numbers reflect a strong combination o...
Read more