Search Results: Delhi-NCR (253)

Case Studies Investment, Investment in Indian Real Estate, Institutional Investment in Indian Real Estate, Investment in Indian Property Market, Investment Potential of Indian Real Estate, Market Depth of Indian Real Estate, Indian Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website

Institutional investments in Indian real estate touched USD 1.0 Billion in Q1 2024

Institutional investments in Indian real estate sector touched USD 1.0 billion in the first quarter of 2024, signalling a steady and positive start to the year. While this was a 40% drop compared to the same period last year, India’s real estate investments showed improvement on a sequential basis registering 21% QoQ rise. Foreign investments retained their dominance, forming 55% of the total inflows during the quarter. Domestic investments too witnessed a notable rise at 15% YoY in Q1 2024. The share of domestic inflows in overall institutional investments continued to rise to 45% in Q1 2024, compared to 24% in Q1 2023.

Reports Office Space, Co Working Space, Flexi Spaces, CBRE South Asia, Anshuman Magazine, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Real Estate Website, Best Property Portal

Flexible space operators emerge as the second-largest sector in Jan-Mar ’24 leasing, with a share of 22%

Global Capability Centres (GCCs) accounted for a share of one-third in the overall India office leasing in Jan- Mar ’24. Within the GCCs space take-up, E&M companies contributed to over one-fourth share, followed by automobile firms. Bangalore led the chart for GCC leasing, boasting a 60% share, followed by Hyderabad with 26% and Delhi-NCR with 9%. Notably, 38% of the large-sized deals (exceeding 100,000 sq. ft.) were secured by GCCs during this period, underscoring their significant impact on the office leasing landscape.

Reports India Office, India Office Market Report, Indian Office Occupancy, India Office Absorption, Best Property Portal, Best Real Estate Website, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market, Colliers Report

Q1 2024 off to a strong start; Office leasing surges by 35% YoY to 13.6 msf

Bengaluru and Hyderabad emerged as frontrunners for demand of Grade A office space in Q1 2024, cumulatively accounting for more than half of the India leasing activity. The office market of Hyderabad especially demonstrated a strong momentum with 2.2x space uptake in Q1 2024 as compared to the corresponding quarter last year. This demand was driven by Healthcare & Pharma and Technology sectors. Amongst other major office markets, Mumbai too experienced a notable surge in leasing activity, an impressive 90% YoY rise in Q1 2024. 

Reports High Street, Malls, Retail Real Estate, Luxury Real Estate, CBRE South Asia, PHD Chamber of Commerce and Industries, Anshuman Magazine, Best Real Estate Website, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market

High Streets emerged as the top leasing choice for luxury brands in 2023, recording over 100% Y-o-Y growth

The overall leasing by luxury brands across the formats stood at 0.6 mn. sq. ft. in 2023, at almost 170% Y-o-Y growth. While High Streets constituted a 45% share in the overall luxury retail leasing in 2023, luxury brands’ stores in Malls followed at 40% and standalone stores accounted for the remaining 15%. This surge in leasing has been accompanied by the entry and expansion of various international luxury fashion, watch and jewellery brands across different locations. The eight cities tracked for leasing include Delhi-NCR, Mumbai, Bangalore, Kolkata, Pune, Ahmedabad, Chennai, and Hyderabad. 

Market Rating Noida Extension, Greater Noida West, Gautam Buddha Nagar, Mahesh Sharma MP, DMRC, NMRC, Metro Train, Home Buyers' Protest, Noida Extension PropertyGreater Noida West Property, Property Prices In Greater Noida, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News

Taken for granted voters behind Greater Noida West plight

Greater Noida West, or Noida Extension in popular parlance, is a case study in how a high potential property market suffers from years of systematic plight. Reason is more political apathy than administrative callousness, and the home buyers in this part of the world are waiting for basic services like Underpass, Metro Rail, Foot Over Bridge among others for around a decade now. A micro market with around a million (10 lakh) vote bank, taken together voters of high-rise apartments & adjoining villages, is part of Gautam Buddha Nagar Lok Sabha constituency. Ravi Sinha finds that the citizens in this part of the world have no one but themselves to blame for having allowed elected representatives to treat them as taken for granted voters.

Consumer Connect Disclosure Standards, Real Estate Disclosure Standards, Real Estate Due Diligence, Escalation Clause, Price Escalation Clause, Uniform BBA, Builder Buyer Agreement, Advocate Nirmit Srivastav

Trust deficit in absence of disclosure standards & uniform contract

This is not a one-off stray incident of cheating in the housing market in this part of the world. Srikanth had a similar experience with the Gurugram-based developer when he wished to sell out his much-delayed under-construction property due to medical emergency in the family. The developer refused to transfer the property in the name of the new buyer. He instead offered him to buy back the said property at three years old price when Srikanth had booked the apartment. The choice for this harassed home buyer was to either forget about the appreciation or else get into a costly and lengthy litigation.

Headlines Construction Labour, Labour Shortage, Labour Migration, Reverse Migration, Indian Real Estate, Indian Property Market

Reverse Migration: Tier II & III city property gaining by default

What is icing on the cake for the developers in these smaller towns now is the fact that they are getting the labour force at a much lower cost. Explaining this trend, Sandeep Agrawal, a property broker in Patna says that the labours were getting their daily wages in the Delhi NCR region in the range of INR 350-500, depending upon the project. But now they are more than willing to work at INR 250 in places like Patna, Kanpur, Kochi etc where they are stationed in proximity to their home towns and the cost of living is much lesser, compared to the metro cities. 

Policy Supertech Emerald Court, Supertech Twin Towers, Supreme Court Orders Demolition of Supertech, Supertech Fraud, Supertech Cheating, Noida Property Market, RK Arora, Mohit Arora

Supreme Court demolition order against Supertech twin towers won’t change market realities

A closer look at the way the sector operates indicates that the ground realities are different than what is being anticipated post this historic judgment. The Supreme Court order has hence raised more questions than settled the answers that could goad the sector to best practices in the business. The court order touches upon some of the grey areas like “long & expensive legal battle” that the buyers have to go through. It nevertheless doesn’t offer any solution for the same. The fact remains that the long & expensive legal battle is the primary cause of home buyers’ suffering in silence at the hands of the builders.

Reports Private Equity Deals, PE Deals in Indian Retail, ANAROCK Report on PE Deals, Shobhit Agarwal

USD 970 million PE inflows in retail hit 5-year high in 2019

Apart from the top cities, Tier 2 & 3 cities are also on the radar of many PE funds which see these cities actively driving retail going forward. At least 36% (nearly USD 1 bn) retail-focused funds went to cities like Ahmedabad, Amritsar, Bhubaneshwar, Chandigarh, Nagpur and Mohali. In 2019, ANAROCK Capital was instrumental in Virtuous Retail South Asia (a JV between Singapore’s PE firm Xander Group and Dutch institutional investor APG) concluding a USD 100 mn deal with TRIL for two retail malls – one each in Nagpur and Amritsar.

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