This marks Mitsubishi’s entry into the Indian real estate sector and Shriram has been chosen partner for Mitsubishi’s maiden investment. Shriram was earlier chosen partner for first-ever realty investment respectively by TPG, Tata Capital, Walton Street Capital and Starwood Capital.
It is more of bad news than good news for the developers as far as their efforts to entice the NRIs is concerned. The good news is that the outlook of the expat Indians towards the Indian real estate is changing; the recent policy reforms have made them more optimistic about the property market back home. But the bad news is that they are yet not ready to commit for property purchase in India.
It is not that Thane has surprised only the old timers. Even among the present generation, very few could see the emergence of the destination that was initially ridiculed as the bed room of Mumbai’s blue-collared working class.
This high-rise luxury project is spread across 2.6 acres with 80% open spaces, offering 250 units with 2, 2.5 and 3 BHK configurations. This comes at the back of their recent launch of a project Sumadhura Eden Garden, spread across 14 acres in Whitefield.
The Northern Peripheral Road (NPR), also known as Dwarka Expressway, is an 18-km stretch of road that is being developed under the public private partnership (PPP) model. This stretch will connect Dwarka Phase II and Palam Vihar to National Highway 8 near Kherki Dhaula and Pass Pataudi Road. This is a highly lucrative project that has been taken up by the Haryana Urban Development Authority (HUDA).
JP Morgan will take up 830,000 square feet across 16 floors within one building on the Knowledge City campus, making this deal the single largest real estate transaction in Hyderabad.
In terms of price point luxury properties in Dubai are more attractive than any such option in Mumbai and Bangalore. Moreover, the kind of rental returns that are there in the gulf city is no match to any Indian city. Add to it tax-free returns and attractive capital appreciation and your cost & benefit analysis is heavily loaded in favour of benefits. Last, but not the list, is the quality of life in Dubai
The report highlights the key changes in the business environment that are likely to impact CRE requirements and suggests strategies for occupiers and developers to harness the full potential of the opportunities derived from this change. The report also highlights the increased role of investors in changing business environment.
WeWork – the platform for creators that provides collaborative space, community and services to help people make a life not just a living – announced the launch of its fourth space in Mumbai, in Goregaon.
Welcome to the world of Corporate Social Responsibility (CSR) in the Indian real estate. The ground reality is that the real estate companies today get into CSR for fulfilling mandatory provisions and/or tax adjustments than any real concern for the society.