Search Results: Government (1436)

Reports Real Estate Market Trends, Residential Sales in India, Office Space Absorption in India, Real Estate Slowdown, Real Estate Demand & Supply Dynamics

Residential sales modest, office segment shows strong absorption

After witnessing a revival of sorts in 2018 housing sales have witnessed a growth of 14% in the first nine months (January-September) of 2019 as compared to the corresponding period in 2018, according to India Real Estate Market Update Q3 2019, released by JLL . The office segment witnessed strong leasing, registering a jump of 40% during the same period as compared to the corresponding period in the previous year, the report added. 

Reports Student Housing in India, Student Housing Investment in India, Student Housing Potential in India, Student Housing Market in India

Student Housing to witness investments of over USD 700 million investment & an addition of 0.6 million beds by 2023

According to the report titled “The Herald of a New Chapter: Student Accommodation in India”, the Student Housing/Co-Living space is expected to witness an investment worth USD 700 million and an addition of 0.6 million beds by 2023 across the country. The Student Housing segment is witnessing rapid growth across all the major markets in the country and expected to witness a growth of 36 percent between 2019 to 2023. 

Headlines Real Estate Deals, Real Estate Discounts & Freebies, Real Estate Festive Offers, Festive Deals in Housing Market

The ‘real’ deal in festive season 2019

The festive season has traditionally been an active period for real estate sales as many buyers consider Navratri and Diwali an auspicious time to buy property. Like in previous years, developers this year have sweetened property deals – some up-front discounts, or more commonly 0% GST (which is in any case not charged on ready-to-move properties), waived stamp duty and registration charges, free reserved car parking, modular kitchens, etc.

Reports Real Estate Investment, Institutional Investment in Real Estate, Funding Shortage of Real Estate, Funding Gap of Real Estate, Real Estate Liquidity Crisis

Institutional investment to touch USD 50 bn in 2019: JLL study

India’s commercial office segment has been the favourite asset class of institutional investors over the years. They have allocated USD 17.6 bn in the form of direct investments during 2005-2019. JLL research indicates that 294 mn sq. ft. of office stock would be eligible for REIT. This would translate to an additional investment opportunity of USD 35 bn in near term.

Advocacy Repo Rate, Real Estate & Repo Rate, Repo Rate & EMI, Repo Rate & Home Loan, Real Estate Policies, Anuj Puri, ANAROCK Property Consultants

Repo Rate cut of 25 bps a notional nudge

In the April-June 2019 quarter, India’s GDP grew only by 5% – the slowest pace in over six years. Consumers are spending less on everything from FMCG to automobiles – and, of course, real estate. Naturally, the sector eyes RBI’s monetary policy for cuts in the key lending rates to support the various measures taken by the government to boost consumption sentiment.

Advocacy Ramesh Nair, JLL India, Ramesh Nair on Repo Rate, Ramesh Nair on Policy

Policy rate nearing a decade low of 5.15% with strong focus on growth

The consecutive rate cuts have been a succor for the real estate sector thereby making it the most opportune time for buying homes. This has been reflected in the continuous improvement in the residential sales that registered a 14% Y-o-Y growth in sales during January- September 2019 as compared to the corresponding period in the previous year.

Reports India Office Space, Demand of Office Space, Supply of Office Space, Absorption of Office Space, Vacancy Level in Office Space, Grade A Office Space, Colliers International, Ritesh Sachdev, Megha Maan

Demand for office space surges 9% in Jan-Sept 2019; Supply up 53% from year ago: Colliers Research

Bengaluru maintains the top position in office space leasing, with a share of 30% in gross leasing during Jan-September 2019. Bengaluru recorded gross absorption of 12.1 million sq feet during Jan-September 2019, a 7% increase from same period last year, as occupiers continue to ramp up.  IT-BPM and technology companies together accounted for 36%. Engineering and manufacturing sector’s leasing accounted for 18% share. Occupiers are preleasing space, and even taking up space in refurbished grade B buildings, due to tight vacancies in the market amidst healthy demand. The city’s vacancy stood at 8.8% at the end of Q3 2019.

Headlines Festive Discounts & Freebies, Home Buying Offers in Festive Season, Real Estate Festive Offers, Property Offers in Festive Season

Festive schemes make it a buyer’s market

There has been a slump in the market. Huge unsold inventory has forced firms to not increase their rates. As a result, prices have remained range bound. With fewer launches, market is ready for homebuyers willing to take the buying decision. The unsold inventory during first nine months (July-September) of 2019 was 444,673 units, registering a small drop as compared to the corresponding period in 2018. While there has been a revival of sorts in sales since 2018, developers are still not out of the woods.

Reports Small Apartments, Studio Apartments, Size of Apartments in Indian Cities, Affordable Apartments, Affordable Housing

Average flat sizes shrink 27% since 2014; NCR sees least decline

Among the major factors contributing to the escalating ‘claustrophobia effect’ of shrinking apartment sizes, demand for affordable homes in metros tops the list. Also, buyers are increasingly looking to avail the government’s credit subsidy benefits for affordable housing. These require a home to be priced

Headlines Stuck Up Housing Projects, Delayed Housing Projects, Delivery Failure of Houses, Housing Delays in India, Housing Defaults in India

Govt lifeline may rescue over 2.5 lakh stuck housing units in top 7 cities

There is no simple yardstick to calculate the exact number of units and the actual funds that are needed to complete them. Each delayed project is different in size, stage of completion, city and micro-location, etc. Also, various methodologies are used to reach an approximate number. After considering the government’s caveats – non-inclusion of projects under NCLT, and inclusion of mid and affordable units only, ANAROCK has shortlisted units launched in 2013 or before. 

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