Track2Realty: In recent years, the Asia Pacific retail market has boomed on the back of strong economic growth, rapid urbanization and the emergence of a large and prosperous middle class population, CBRE’s latest report The New Age of the Asia Pacific Retail Market reveals. As a result, Asia Pacific is now experiencing an upsurge of new retail construction to meet demand as international retailers flock to the region.
Track2Realty: At nearly US$160 per sq. ft. per annum, Delhi’s Central Business District (CBD) of Connaught Place was ranked as the sixth most expensive prime office market in the world, according to CBRE’s semi-annual Global Prime Office Occupancy Costs survey. Mumbai’s alternative business district of Bandra–Kurla Complex (BKC) remained at the sixteenth, and its CBD of Nariman Point at the thirty-second positions on the Top 50 rankings for global prime office properties.
Track2Realty: We are currently witnessing a market scenario wherein inflation and interest rates will taper down even as the GDP growth rate picks up, and selective asset classes are becoming increasingly attractive for investment. International market dynamics suggests that gold and crude oil will continue to weaken, and commodities as an overall asset class will continue to display weakness because of easing inflation.
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 government’s announcement of easier FDI norms for the construction sector has generated a lot of excitement among the country’s real estate players – and justifiably so. The fact that 100% FDI will now be allowed under automatic route to invest in completed assets along with relaxation of other norms is expected to increase FDI inflows significantly.
Track2Realty: The real estate sector in India is one of the largest drivers of the country’s economic growth. Real estate in India provides large-scale employment and contributes massively to the country’s GDP. While real estate is vigorously driving growth, it is also true that it is adversely impacting the environment.
Track2Realty: With the rapidly changing profile of consumers the world over, it remains a challenge for retailers to keep up with shifting shopping demands. Shoppers today are more discerning and better informed about products and services than ever before, expecting a certain standard of shopping experience from retailers.
Track2Realty Exclusive: Property analysts across the country refer Coimbatore as a market where the effects of slowdown is least visible. At a time when the other property markets across the country are reeling under slackening demand among other major worries, Coimbatore is proving to be a market where the property transactions are happening at a decent pace.
Track2Realty-Agencies: The Central Board of Direct Taxes (CBDT) has ordered an Income Tax department investigation against a number of real estate developers who were recently shown by an investigative portal to be willing to accept alleged black money in property transactions.
Track2Realty: Chief Minister Devendra Fadnavis’ announcement of his intention to make Pune the IT capital of India has brought mixed reactions. However, this is not a Utopian dream but in fact becoming a reality even as we speak. Pune and information technology are already inseparable concepts today, and all it will take is a decisive push by the BJP government to establish it as the country’s foremost IT hub.