Weekend homes, also called second homes or vacation homes, are currently an oasis of market activity in India’s the otherwise lacklustre residential real estate sector. In earlier years, only the affluent could and would invest in them – today, these properties are generating interest even from the country’s middle class.
All over the world, cities are facing the challenge of uncontrolled urbanisation. According to the United Nations, 54% of the population across the world today resides in urban areas, and that this figure will rise to 66% by 2050. An accompanying fact is that urbanization is happening too fast, and without adequate foresight and planning.
Office space take-up by corporates in the first nine months of the 2015 calendar year rose to 30 million sq ft, 11% more than 27 million sq ft in the same period last year, according to a new report by property consultancy Colliers International.
Parsvnath Developers has announced that Metro Cash & Carry has opened its second outlet in Delhi at Parsvnath Mall in Seelampur. Parsvnath is working on 14 metro malls with DMRC on BOT basis and out of these 11 metro malls have already been completed. Given the proximity to the metro stations, Parsvnath Malls have been considered as the preferred options for big retailers and wholesalers.
Parsvnath Developers has launches Parsvnath Aakanksha, a 2 & 3 BHK Floors in a fully functional, integrated township ‘Parsvnath City, Jodhpur’. Situated in the township Parsvnath City, spread over 120 acres, Parsvnath Akanksha offers low rise floors at an affordable price ranging from the down payment cost of Rs 16.19 lacs to the upper range of 3 bed room down payment cost of Rs 24.75 lacs.
Tata Housing has announced India’s 1st ever “Social Sell”, on Facebook. Announcing the pre-launch of its project “Codename – Goa Paradise”, prospective buyers need to register themselves through Facebook to ensure they receive their unique invite Code. This unique invite code would ensure and allow customers to login on 26th Oct and book these limited homes on a first come first basis.
Affordable housing, though a widely-used term in India, actually means different things to different sets of demographics. The definition of ‘affordable’ is heavily influenced by the socio-economic variables that drive a certain city or location.
The place of residence is a measure of one’s quality of living, and the availability of open recreational spaces near one’s place of residence is a direct measure of social and physical satisfaction.
JLL India has collaborated with Manpower Group and EMPI Business School to introduce Certificate Programs in Facilities Management. This initiative is aimed at meeting the need for a formal academic approach to empowering aspirant candidates for a career in Facilities Management (FM), which is one of the fastest-growing real estate services verticals in India today.
Housing.com has launched its branding product ‘BRAND FALCON’ for real estate developers. A first-of-its-kind in the real estate industry, BRAND FALCON is aimed at providing India’s top developers with a powerful and effective medium to communicate their brand story to the consumers.