Track2Realty: Net office uptake in the first three quarters (Jan – Sept) of 2014 has seen a significant rise of 36% as compared to same time last year. Total net absorption of office space has been recorded at approximately 24 million square feet (msf) between January – September in 2014 as against the 17.7 msf in same time in 2013, says Cushman & Wakefield in a report.
Track2Realty Exclusive: The proposed industrial corridors across the country are being seen as the catalysts to ignite the growth of the economy in general and real estate market in particular. In Coimbatore also, all eyes are set on the Coimbatore-Tirupur-Erode Industrial Corridor that promises to redefine the economy of the region with fresh influx of investment and increased economic activity in and around the industrial corridor.
Track2Realty: Cushman & Wakefield estimates commercial office space demand of over 180 million square feet (msf) in the next five years (2012 – 16) in the top 8 cities of the country. This was released in the annual publication entitled “Evolving Paradigm – Future of Indian Real Estate” in association with Global Real Estate Institute (GRI) at their India Summit 2012. The report also estimates the total expected supply for the next five years in these eight cities as 219. 6 million sqft, basis announced projects and current pace of construction; indicating a condition of excess supply in the coming few years.
Despite the continuing turbulence and uncertainty in other parts of the globe, two economies – India and China – will continue to grow at an annual rate of 8-10%.
Ashiana Amodh in Talegaon, Pune, is designed to make it even more exciting. Well, connected to both Mumbai and Pune via the Mumbai-Pune Expressway, Ashiana Amodh offers a peaceful retreat amidst the natural beauty of green hills and the Indrayani River. With clean air, pleasant weather, and scenic views, it is an ideal destination for retirees seeking an active lifestyle in nature. Spread across 11.93 acres, Ashiana Amodh features 1/2/3 BHK premium residences and a 19,000 sq. ft. clubhouse with modern amenities like a yoga lawn, swing plaza, acupressure pathway, swimming pool with jacuzzi, gym, card room, music room, art & craft and reading room, ensuring seniors lead a vibrant, fulfilling life. The Senior Living Conclave 2024 highlighted the growing potential of senior living, and Ashiana Housing’s ongoing efforts are shaping a brighter future for the senior community.
Shapoorji Pallonji Real Estate (SPRE) has entered a joint venture with Kanodia’s real estate venture KREEVA to develop a luxury residential project in Sector 46, one of the most premium residential localities within Gurugram.
Spanning across 1.74 acres, the project will consist of luxury apartments, targeting discerning homebuyers in the National Capital Region (NCR). The project will offer a perfect blend of modern design, superior construction quality, and state-of-the-art amenities, offering a new standard of urban living to the residents of Gurugram.
‘Evara’ is a plotted development project situated within the 200+ acre integrated Wadhwa Wise City township, nestled in lush tropical green mountains housed amidst nature, but yet within easy access to urban areas like Navi Mumbai and Mumbai. Residents can enjoy a lifestyle hub with vibrant retail plazas, malls, high streets, and a state-of-the-art sports complex. All this in the midst of 53,000 acres of greenery with 70% open spaces and Superior air quality.
This IGBC pre-certified Silver-rated green township has internationally designed open and green spaces by renowned consultants “ATKINS UK”. Round-the-clock security with surveillance cameras will ensure the safety of its residents. An elite Community Center for Wave Gardens with a Gym, Yoga & Aerobics Room, Library, Carrom and Cards Room, Kids Play Zone, Restaurant, Swimming Pool, Multi-purpose Recreational Hall, etc. will make coming home a pleasurable experience.
Engineering & manufacturing and BFSI occupiers to cumulatively account for ~40% of demand during 2025-27. Repositioning of GCCs as knowledge & innovation hubs will drive ~40% of annual office space demand. Bengaluru dominates demand across most sectors; Hyderabad, Chennai & Pune to gain ground. BFSI occupiers to prefer premium developments, while engineering & manufacturing occupiers are likely to remain cost conscious while expanding real estate.
Nestled in the heart of Ravet, Presidential Towers boasts a strategic location with seamless connectivity to key destinations. Homeowners will benefit from easy access to the Mumbai-Pune Expressway, Dehu Road, and proximity to renowned IT hubs like Hinjewadi, as well as educational institutions such as Symbiosis University and D.Y. Patil University, healthcare facilities like Ojas Hospital, shopping centers and more.