Track2Realty: As consumers continued to face inflation and high interest rates in April, average household spending seemed unlikely to recover in the near term. Subdued market sentiments looked likely to continue unless consumer confidence began to rise.
Track2Realty: Sustainable and inclusive urban development is of particular importance at this juncture of our economic growth. With the urban infrastructure of our major metropolitan cities bursting at the seams from increasing urban migratory patterns—which is only set to accelerate in years to come—the development of new integrated cities has become the need of the hour.
Track2Realty: Driven by demand across office and retail segments, rents across commercial real estate are expected to witness a hike over the coming quarters across all segments on account improving economic environment. As a result, capital values are expected to remain broadly stable in the coming quarter.
Track2Realty Exclusive: Stable government has been the buzz word in India for quite some time; it has actually been one of the focal points of General Elections of 2014. In India since 1984 no government at centre could take charge of the office without the added baggage of unlike minded friends as alliance partners.
Track2Realty Exclusive: To say that the Indian business community in general and the real estate developers in particular desperately wanted a change in the business outlook and hence change in the government would be stating the obvious. For the last couple of years they were cribbing about policy paralysis, inflation, and negative sentiments, and hence the developers are visibly elated with the change of guard at the Centre.
Track2Realty: Over the past year, Mumbai continued to remain a preferred city for both domestic and foreign brands keen to open their first outlets or expand their presence across India. The city’s favorable demographics, along with the availability of investment-grade retail space, led to strong demand from retailers for shopping space.
Track2Realty: Demand for investment-grade office space across leading cities in India slowed down in the first quarter of 2014, with around 6.3 million sq. ft. of Grade A office space getting absorbed The market saw slow transaction activity and a low level of new completions in the first quarter; and leading cities continued to experience caution from corporate occupiers in the first three months of the year.
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.
Track2Realty: Globally, as project delays, cost overruns and liquidity constraints continue to trouble the real estate and construction sectors, Building Information Modelling (BIM) has emerged as one of the most reliable tools to eliminate challenges and reduce the capital cost and carbon footprint by over 20 per cent.
Track2Realty Exclusive: A report released by BNP Paribas earlier this year on realty firms found that each of them performed poorly on one or more of the parameters. Some of the assessment parameters include compensation structure, ability to retain key personnel, financial stability, pending litigation and trading in own stock.