50 Indian companies participate in realty conference in Sri Lanka
India-Sri Lanka bilateral trade has increased by over 65% last year, close to U.S. $5 billion, Indian High Commissioner to Sri Lanka Ashok K. Kantha, has said.
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CREDAI Pune launches skill development programme
With the real estate industry facing a shortage of skilled manpower, the Confederation of Real Estate Developers’ Association of India (CREDAI) has launched a skill development programme in Pune.
Kerala plans realty regulator
The Kerala Government has proposed to constitute a real estate regulatory authority to monitor and guide builders and developers in the State.
Equity investments in real estate sector crossing USD 10 billion in 2024: CBRE-CII Report
Equity capital inflows touched USD 8.9 billion between January and September, registering a 46% Y-o-Y growth. The strong momentum in deal volume continued, with about 200 deals reported during this period, compared to 151 deals in the same period last year. The average deal size also increased to nearly USD 45 million in the first nine months of 2024 from about USD 36 million in 2023. Mid-sized deals, ranging between USD 10-50 million, represented 56% of the total investment inflows during this period.
16% annual growth forecasted to propel real estate market to $10 trillion by 2047: Colliers-CREDAI Report
This long-term growth in real estate is underpinned by six salient growth levers which includes, rapid urbanization, infrastructure development, digitalization, demographic shifts, sustainability and investment diversification; all of which will form the bedrock for a quantum leap in Indian real estate by 2047. These long-term growth ingredients will be pivotal in the expansion of Indian real estate – from under a trillion currently, to potentially a USD 10 trillion market by 2047, accounting for a 14-20% share in the country’s GDP.
India recommits to building a sustainable future
The annual campaign has been supported by over 75 Green Building Councils (GBCs), plus partners, hosting over 100 events around the world to spotlight solutions to industry stakeholders for a resilient and decarbonised built environment. By REDUCE, it aims at improving energy efficiency and minimise energy use; by ELECTRIFY, it aims at shifting to electricity for essential functions and ensuring electricity generation is from low-carbon sources such as renewables; and, by ADAPT, it aims to ensure the built environment is capable of withstanding the impacts of climate change.
Why is Indian real estate applauding Union Budget 2024-25?
Understanding the mindset of Indian real estate has never been easy. The built environment of the Indian real estate could argue and demolish the best of consumer-centric reforms. Remember the way industry body CREDAI had called RERA prior to its inception, and that too in front of the then Union Minister Kamal Nath, builder harassment and public amusement bill. But at the same time they celebrate the self-inflicted injury on many occasions. Track2Realty finds the overtones of the sector all the more contradictory with the Union Budget, before and after the budget.
South India’s data centre market to witness 65% capacity growth by 2030
South India’s data centre market is on an impressive growth trajectory, with major cities like Chennai, Bangalore, and Hyderabad at the forefront. This surge is supported by substantial government incentives, strategic infrastructure investments, and a rising demand for digital services. The region is poised to play a crucial role in the global data centre landscape, with capacity projected to grow 65% by 2030.
India’s Data Centre potential for 5X capacity expansion: Cushman & Wakefield
In a bid to assess whether India’s data centre capacity will meet the nation’s growing digital needs, Cushman & Wakefield has come out with a report, “Is India Building Enough to Power its Digital Transformation?”. The report conservatively estimates the potential data centre capacity India will require to align with other major economies. The findings reveal a potential for an additional 1.7-3.6 GW data centre capacity, over and above the planned development of 2.32 GW Colo capacity, taking the potential of possible data centre capacity to over 5 GW.
How do you assess the true value of your house?
The market price of property in India is not always in sync with its intrinsic value. The home buying experience of Rajesh Kalra, a professional in Mohali, soured at the time of possession. He had negotiated with the builder and till that point of time believed that with his negotiation skills he made a good bargain for the same. But once in the house he got to know through the neighbour next door that the other person bought at around INR 4 lakh lesser price.