With the provision of more entertainment options in malls, Indian retailers now have vastly enhanced their ability to increase sales. Until recently, street markets and bazaars were the top performers in the retail space, and they were cornering a huge chunk of the overall sales.
Faced with the prospect of new transactions, corporate real estate (CRE) managers have been analyzing the options of leasing versus buying a real estate space. In the recent slowdown, distinct trends have emerged among industry verticals while strategically choosing either to lease or buy real estate space. While the IT/ITES sector has been the front runner in terms of lease transactions recorded during 2H08-1H10, accounting for 41% of the total lease transactions, BFSI and Manufacturing / Industrial sectors have been dominant purchasers of office space during the same period.
Taking action on India’s environmental crisis is no longer an option – it is a necessity. Sustainable real estate presents India with an unique and enormous opportunity to make concrete progress in the country’s effort to improve its environment.
The final 2010 edition of Global Market Perspective provides our view on the likely shape of commercial real estate markets across the globe in 2011. Over the next 12 months we expect to see a much greater divergence in real estate activity and performance.
Naturally, the IT industry is not comfortable with seeing the STPI scheme go. It was slated for expiry in 2009, but the industry managed to wangle two extensions for it. The Government has provided an alternative in the form of Special Economic Zones.
Jones Lang LaSalle, in conjunction with Blake Dawson, has produced its first Asia Pacific Property Investment Guide. Asia Pacific has a wide range of real estate markets – each with distinctive rules for investors. The guide covers important issues that investors need to consider when investing in real estate around the region.