Track2Realty-Agencies: Seeking to attract real estate investors to the capital market, SEBI has revived an over five-year old proposal to allow listing and trading of REITs (Real Estate Investment Trusts) as an investment product.
Track2Realty: Sentiments towards commercial real estate investment remains favourable, as India’s economy shows itself to be less vulnerable to the overall slowdown as compared to other Asia economies.
Track2Realty Exclusive: Not all stories are such fairy tales in the covert clash of mindset between the second generation and their predecessors. When Ratnesh Shah (name changed on request) joined the real estate business that his father had raised from the scratch after a long stint as broker, he had pretty discomfort, not just with the unorganised and unregulated nature of the business, but even more with the opaque way his own organisation used to operate.
Track2Realty: USD 2 Billion (INR 11,854 crores) is available with private equity firms ready to be deployed in real estate, despite a drop in the PE investment in the first half of 2013, says Cushman & Wakefield’s latest report on the private equity (PE) in real estate investment.
Track2Realty: DTZ has expanded its full service real estate operations in India by investing in the upcoming hub of real estate in the south of the country, Chennai. The announcement came with the inauguration of a new client service office in the city. This office will be a part of DTZ’s Southern operations and will also serve the peripheral markets of Kochi and Coimbatore.
Track2Realty: Office markets in India registered a downward trend in absorption in the first half of the year (Jan–June 2013), according to the latest report by Cushman & Wakefield. The total net absorption across top eight cities in H1 2013 was noted at 10.9 million square feet (msf) which denoted a decline of 15% compared to the same period last year.
Track2Realty: The prime office space segment across key cities in India witnessed a supply infusion of more than 20 million sqft in the first six months of 2013.
Track2Realty: To strengthen long-term competitiveness and deliver a stronger and more differentiated client servicing experience, DTZ has announced a new company structure for its real estate business operations in India.
Track2Realty: Top management level changes have been reported with DTZ India. Aniruddh Wahal will now hold the position of Managing Director – Occupier Services, Transactions. While Aniruddh will play a pivotal role in growing the P&L of this offering, at the same time, as an ELT member, he will also be responsible to grow the Occupier Client base and support them with the entire gamut of services that DTZ offers.
Track2Realty Exclusive: The debate over promoter driven versus professional driven also brings to the table the fundamental question as to whether the entry of corporates into the business has changed the outlook of real estate in India. Have they brought about transparency and corporate governance?