Track2Realty: With a consistent track record for delivering the highest value to home buyers and investors alike, Pune’s real estate market has remained one of the most vibrant and exciting in India. By attracting more and more international and IT/ITeS companies to establish their operations, the city has been generating jobs at a scale which is unmatched by any of the other Indian metros.
Track2Realty: Enhanced levels of activity in corporate real estate transactions led to a total office space take-up of more than 33 million sq. ft.during 2014. This activity was led for the most part by Bangalore(37%) and the National Capital Region (NCR)(24%).
Track2Realty: The investment vehicle called REITs is once again in the news, and the Indian real estate sector eagerly anticipates this internationally tried and tested platform for smaller investors to invest in larger real estate portfolios.
Track2Realty: The completion of several large transactions—including a couple of deals worth overUS$ 500 million each—pushed up the total real estate investment volume in the Asia Pacific region in the June–September period to US$ 35 billion, a quarter-on-quarter increase of about 40% (as per the CBRE APAC Capital Markets MarketView Q3 2014 report).
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: The key southern markets of Bangalore, Chennai and Hyderabad together clocked in about half of the total corporate real estate space take-up among India’s leading office markets during the first nine months of the year.
Track2Realty Exclusive: There are very few property markets across the country where the developments have been holistic. Some have grown as the residential zones, while others have developed as commercial zones. Even in commercial segment certain markets are known as retail markets while the rest of the markets have more office spaces. The locations close to the Central Business Districts (CBDs) get to see a few hospitality projects. Navi Mumbai, however, defies this growth pattern of the property market.
Track2Realty: The IT/ITeS sector continues to be a dominant growth driver for Bangalore, and some areas stand out from the rest as far as the impact of this sector is concerned. Whitefield in the eastern part of Bangalore is one such area. Whitefield was an early settlement in Bangalore and remained a quaint little suburb till the 2000s, when Bangalore’s IT boom reshaped Whitefield into a major suburb.
Track2Realty: The 50 km-long stretch along Chennai’s Old Mahabalipuram Road (OMR), or Rajiv Gandhi Salai, extends between the Madhya Kailash Junction at Adyar, Chennai, and the temple town of Mahabalipuram. It may be segmented into three sections—(i) Madhya Kailash–Shollinganallur, (ii) Semmencherry–Kelambakkam, and (iii) Kelambakkam–Mahabalipuram.
Track2Realty Exclusive: Analysts have been wondering in the last couple of years that when the property market across the country had been witness to slowdown, how come Coimbatore market kept its momentum up with no visible signs of stress. As a matter of fact, the property prices in the city across the asset class noticed upward movement in the range of 10-15 per cent, thus bucking the trend of slowdown.