资本市场

Mumbai, May 31, 2026: Mumbai city (area under BMC jurisdiction) recorded 12,315 property registrations in May 2026, a growth of 7% year-on-year (YoY). The highest for the month in over a decade, this signals a continued end-user demand. The state exchequer collected over INR 1,051 crore (Cr) in stamp duty revenue in May 2026, according to data from the Maharashtra Department of Registrations and Stamps as analysed by Knight Frank India.

Accelerated growth, as outlined in the 2025 edition of this report, is no longer the most accurate descriptor of this dynamic and rapidly evolving global market. A more precise characterization is managed growth. Governments worldwide are rewriting the rules to ensure that new data center development does not overburden existing resources, particularly the power grid, and to address concerns associated with the industry’s expansion.

The global data centre market remains dominated by cloud and corporate usage, with AI contributing less than 15% of total workload as of 2025. With most AI demand now concentrated in the U.S., the ratio in Asia Pacific is even smaller.

2026 年第一季度是在近期最严重的全球供应链中断事件之一的背景下开幕的。2 月下旬，美国和以色列对伊朗发起军事行动，导致霍尔木兹海峡实际关闭，全球约 20% 的海运石油和液化天然气通过霍尔木兹海峡，马士基、达飞轮船和赫伯罗特等主要航运公司完全暂停了通过该海峡的业务。船运公司被迫改变船只航线、推迟交货或暂停运营，导致全球供应链速度放缓，成本大幅上升。在此背景下，印度卢比在 2026 财年贬值了约 91TP3，达到 1 美元兑 93.88 卢比左右。石油进口国对美元的持续需求扩大了经常账户赤字，提高了以美元计价的货运和设备采购的到岸成本，压缩了整个物流行业的利润空间。然而，印度的宏观经济基础依然稳固。2026 财年实际国内生产总值（GDP）增长预测为 7.6%，超出预期，印度储备银行预计 2027 财年的增长为 6.9%，这主要受到服务业活动强劲、国内消费旺盛以及商品及服务税合理化持续带来的好处的支持，尽管印度储备银行指出了地缘政治进一步升级带来的下行风险。.

在此背景下，工业和仓储活动依然活跃，主要由制造业和第三方物流（3PL）租户驱动，巩固了印度作为区域供应链多样化的弹性战略枢纽的地位。尽管宏观经济环境动荡，但租户的租赁活动仍在继续加强，2026 年第一季度的租赁量达到 180 万平方米（1930 万平方英尺），同比增长 151TP3。值得注意的是，这是自 2023 年初以来录得的第二高季度交易量，彰显了租户持续的信心和强劲的潜在市场动力。.

平衡势头：以选择性优势缓和增长
亚太区市值率报告》重点介绍了该地区的季度市值率变动情况，为投资回报提供了明确的基准，并为写字楼、零售和工业部门寻找机会。.