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End-use split of transactions in H1 2023 and H1 2024

constituting 41% of the total sales toward experiential living and an since 2022 and culminated in near-
and has been the primary driver for upgraded lifestyle. Developers have record annual transaction volumes
overall growth during H1 2024 as been ahead of the curve and have in 2023. H1 2024 has racked up the
homebuyer focus has shifted to the judged the shifting preferences of highest ever transaction volumes in
premium priced category. the market by launching lifestyle- a half yearly period at 3.2 mn sq m
Development activity has also oriented premium products. (34.7 mn sq ft). Companies based in
scaled up to match the demand that the West have also been increasing
the residential market is currently Launches and Sales their business operations in India
seeing. The 0.18 mn units launched Trend and setting up global capability
in H1 2024 represent a 10-year centers (GCC) to leverage the
high in terms of units launched in a In the Indian office market, the increasingly high-quality talent pool
half-yearly period and developers positive sentiment around the and cost arbitrage that the Indian
are well attuned to the changing economy has again been the primary market offers. The share of GCCs
preferences of the homebuyer driver of occupier activity which has has grown from 25% previously to
that are now leaning significantly sustained the momentum gathered 28% in H1 2024 with corporates

Around 80% of the GCCs in India are currently servicing international clients

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