India's first commercial property real estate price index for Grade-A office spaces has been launched by CRE Matrix. This index aims to address the demand for a unified index to track office rentals.

The initiative covers six major leasing markets in India, including Mumbai, Delhi NCR, Bengaluru, Hyderabad, Chennai, and Pune, as well as various micro-markets within these cities. The indices have been developed in collaboration with the Indian Institute of Management-Bengaluru (IIM-B) and are based on lease transaction registration data from state governments.

The total number of indices introduced is 36, and they aim to provide valuable insights for investors in real estate investment trusts (REITs) and small and medium REITs (SM REITs). By offering a clearer picture of long-term rental trends, the data from these indices will assist investors and trust managers in making informed decisions. The CEO of CRE Matrix, Abhishek Kiran Gupta, emphasized the importance of such an index for real estate investors, occupiers, and developers, highlighting its potential impact on the market.

Future plans for CRE Matrix include expanding the indices to cover housing and "green" office spaces.