Track2Realty: The key southern markets of Bangalore, Chennai and Hyderabad together clocked in about half of the total corporate real estate space take-up among India’s leading office markets during the first nine months of the year.
Track2Realty-Agencies: The Centre is in the advance stage of finalising the contours of its ambitious 100 smart cities’ project and has sought comments and suggestions from the private sector including the academia and the industry, a top Urban Development Ministry official said at an ASSOCHAM event held in New Delhi on Nov 12, Wednesday.
Track2Realty-Agencies: The Securities and Exchange Board of India (SEBI) on Monday, Oct 13, banned DLF and six of its directors — KP Singh (Chairman), Rajiv Singh, TC Goyal, Pia Singh, Kameshwar Swarup and Ramesh Sanka — from trading in the securities market for three years.
Track2Realty: Positive market sentiments and a gradual global as well as domestic macro-economic recovery may finally be signaling the beginning of a revival in India’s corporate real estate segment. Various corporate firms, who had put their office space consolidation and expansion plans on hold over the previous couple of fiscals, finally began their transaction processes; and many concluded the same during the penultimate quarter of 2014.
Track2Realty: Cushman & Wakefield (C&W) has appointed Shouvik Purkayastha as the Executive Director of Capital Markets in India. Shouvik is a financial professional with over 15 years of experience with expertise Investment Banking and Corporate Banking.
Track2Realty: CBRE’s India Office Market View for Q3 2014 reports on the status of Grade A office space in the country’s leading cities. The third quarter observed strong demand for prime office space with around 8 million sq. ft. of office space getting absorbed.
Track2Realty Exclusive: At a time when the buzz word across the country has been the inevitable reality of urbanisation and the need to create smart cities the urban planners are wondering which are the Indian cities that can claim to be close to the desired smart index. More importantly, which are the cities that have managed urban development along with the pace of business and economy to emerge as the truly developed cities with self sustaining physical and social infrastructure that could be a magnet for big ticket investment?
Track2Realty: Despite the significant residential unit inventory and fresh housing supply, most of the urban housing projects across major Indian cities are unaffordable for our economically weaker sections (EWS). This is primarily because developers are by-and-large focused on launching luxury, high-end and mid-end housing projects that are considered ‘safe’ from the perspective of risks and returns in the capital market.
Track2Realty Exclusive: The real estate has by and large welcomed the move to bring the slum redevelopment and rehabilitation projects under the ambit of Corporate Social Responsibility (CSR). It has been a wish that hat was granted even before the sector could get vocal with the wish list. It is hence no surprise that some of the adjectives that the Finance Minister’s announcement could earn have been ‘a game changer’ or ‘a corporate catalyst’ and ‘investment magnet’.
Track2Realty Exclusive: Residential market may be the demand driver of the property segment across the country, but experience suggests only the markets where commercial property does well succeeds in keeping the momentum up for long. The conventional wisdom of property market is as relevant in the end-user driven markets like Coimbatore as in the speculative markets of metro cities.