The REIT has already developed 2 data centers for PDG, measuring ~0.63 million sq. ft. Upon completion, the Business Park will feature 5 cutting edge data center buildings and the total data center footprint within the Mindspace REIT portfolio will stand at ~1.65 million sq. ft. This landmark development spanning ~15 acres, will become a part of the larger 50-acre campus ecosystem of Mindspace Airoli West.
On the Yelahanka-Doddaballapur Main Road, Sattva Lumina spans 13 acres that houses studio, 1, 2, and 3 BHK homes in G+29 high-rise towers. The development is anchored by a 25,000 sq. ft. retail mall offering boutique shopping, vibrant cafés, and fine dining, turning everyday errands into moments of joy. Complementing these living spaces are carefully curated amenities—bloom gardens, cricket nets, and two expansive clubhouses spread over 50,000 sq. ft.—that bring the idea of community to life.
The conference uncovered unique perspectives on how Smart Facilities Management can play a crucial role in anticipating and preventing equipment failures, reducing downtime, and optimizing resource allocation in real estate assets by adopting the latest technologies and innovations including, IoT sensors, AI-driven analytics, and machine learning algorithms, to enhance the overall performance of their real estate assets. Furthermore, better risk management practices can contribute to the longevity of assets. Regular inspections, maintenance, and upgrades can help identify and address potential vulnerabilities, reducing the likelihood of damage and ensuring the continued functionality of critical public infrastructure.
The office sector was the most sought after in terms of investment activity in APAC in the first half of 2024, followed by industrial sector. In India too, investments in industrial & warehousing and office assets remained strong in the first half of the year. Investments in Industrial assets especially, were 5X times, compared to same period last year. Amidst rising demand for superior quality Grade A assets and evolving supply-chain models, global investor confidence in the sector is improving significantly.
Puravankara has acquired the redevelopment rights of a prestigious society — Miami Apartments at Breach Candy. Spread little over ~2,000 sq m of land, this marks the developer’s entry into the uber-luxury South Mumbai market, where rates (as per market sources) are estimated in the range of Rs 1,25,000 and Rs 1,40,000 per sq. ft.
Engineering & manufacturing and BFSI occupiers to cumulatively account for ~40% of demand during 2025-27. Repositioning of GCCs as knowledge & innovation hubs will drive ~40% of annual office space demand. Bengaluru dominates demand across most sectors; Hyderabad, Chennai & Pune to gain ground. BFSI occupiers to prefer premium developments, while engineering & manufacturing occupiers are likely to remain cost conscious while expanding real estate.
This strategic growth is expected to be driven by a focus on innovation as these companies seek to enhance their technological capabilities and market presence. Moreover, emerging technologies are projected to generate approximately 4.7 million tech jobs over the next five years across diverse sectors, including manufacturing, retail, education, finance, and insurance. This surge in job creation underscores the growing importance of technology across industries and highlights the need for a skilled workforce to meet the evolving demands of the digital economy.
The annual campaign has been supported by over 75 Green Building Councils (GBCs), plus partners, hosting over 100 events around the world to spotlight solutions to industry stakeholders for a resilient and decarbonised built environment. By REDUCE, it aims at improving energy efficiency and minimise energy use; by ELECTRIFY, it aims at shifting to electricity for essential functions and ensuring electricity generation is from low-carbon sources such as renewables; and, by ADAPT, it aims to ensure the built environment is capable of withstanding the impacts of climate change.
Location continues to be of significant importance to occupiers, with about 60% respondents considering it as the most important parameter for expansion. Interestingly, while expanding, occupiers are likely to lean towards flex spaces with attractive offerings in central areas as compared to facilities in peripheral areas. Going ahead, about 45% of surveyed occupiers would opt for future expansion through flex spaces in CBD/SBD locations of tier I or tier II cities. In terms of work-place strategy, flex spaces are likley to champion distributed work models. About half of the larger companies including Global Capability Centers (GCCs) and MNCs envisage flex spaces to act as both hub and spoke offices in the next few years.
Maharashtra RERA has recently given a landmark judgment that every State RERA should follow. MahaRERA makes it mandatory for real estate developers to mention delivery date of amenities and occupation certificate. Track2Realty finds that amenities delivery has been a bone of contention between builders and home buyers across the country. MahaRERA has said that now onwards real estate developers must specify the proposed date by which project amenities and Occupancy Certificate (OC) will be delivered.