Union Budget 2016-17 confused about housing needs
After much expectation the Union Budget 2016-17 neither addresses the…
After much expectation the Union Budget 2016-17 neither addresses the…
As the Union Budget 2016-17 draws closer, India’s real estate…
JLL report finds Chennai market rising to new high. Chennai’s…
For achieving 10% growth, India’s domestic economy needs to attract added investor interest, including that of overseas funds. Increased levels of foreign investments would be welcome for the Government’s recently launched “Make in India” initiative as well.
IFC, a member of the World Bank Group, is convening a voluntary, collaborative effort with leading Indian housing sector companies to form an industry-led Sustainable Housing Leadership Consortium to drive sustainability in India’s housing market with a particular focus on the affordable housing sector.
With the prices virtually stagnant and the industry being plagued with an ever increasing inventory for sale the market is in a mode of a gradual downward drift. However, even though the city property market has been witness to stagnation, there is still hope in the last quarter of the fiscal year due to underlying factor that while the property prices in the city have increased only nominally, affordability has risen with rising salaries, lower interest rate and lower inflation.
The senior living sector in India is at a crossroad. With the relaxation of Foreign Direct Investment (FDI) restrictions on investments in the sector and increasing population of seniors (over 100 million seniors in India at present) to cater to, there clearly exists an untapped opportunity for investment and development in this sector.
Housing.com has appointed one of the co-founders Snehil Buxy as its new Chief Product Officer. Buxy was a creator of the original market-disrupting Housing.com product.
JLL has announced the completion of their mandate for sale of the 156 keys Ganesh Meridian Hotel at Ahmedabad.
The IT/ITeS sector has clearly been driving corporate real estate in the country; and consequently, much of the development in this space is being propelled by IT and back-office demand for workspaces, as per CBRE’s India report – Real Estate & Workplace Strategies of Shared Services Occupiers.