The total retail opportunity across various transport hubs in India, such as airports, highways and bus stations, metro, railways, will grow manifold in new decade, projects Knight Frank India, in its latest study titled ‘Catch Them Moving’, Report on Transit Retail.
Knight Frank India recently launched the 11th edition of its flagship half-yearly report – India Real Estate. The report presents a comprehensive analysis of the residential and office market performance across eight cities for the period January-June 2019 (H1 2019). The report findings establish that the number of residential launches in Mumbai increased by 22 per cent in H1 2019 to 43,822 from 35,874 in H1 2018. The housing units sold saw an increase of 4 per cent in H1 2019 to 33,731 from 32,412 in H1 2018
Residential unit launches in H1 2019 increased by 21 per cent YoY to 0.11 mn units while sales grew by a steady 4 per cent YoY to 0.13 mn units. The residential market witnessed growth in supply as well as sales for the third consecutive half year period, both hitting their highest level since demonetisation during H2 2016