Search Results: real estate market (2771)

Reports India Office Space, Demand of Office Space, Supply of Office Space, Absorption of Office Space, Vacancy Level in Office Space, Grade A Office Space, Colliers International, Ritesh Sachdev, Megha Maan

Demand for office space surges 9% in Jan-Sept 2019; Supply up 53% from year ago: Colliers Research

Bengaluru maintains the top position in office space leasing, with a share of 30% in gross leasing during Jan-September 2019. Bengaluru recorded gross absorption of 12.1 million sq feet during Jan-September 2019, a 7% increase from same period last year, as occupiers continue to ramp up.  IT-BPM and technology companies together accounted for 36%. Engineering and manufacturing sector’s leasing accounted for 18% share. Occupiers are preleasing space, and even taking up space in refurbished grade B buildings, due to tight vacancies in the market amidst healthy demand. The city’s vacancy stood at 8.8% at the end of Q3 2019.

Reports Office Space in India, Office Space Absorption, RICS Report on Office Space, Colliers Report on Office Space, Trends in Office Space, Designs of Office Space

Average annual office space gross absorption pegged at 50 million sq ft between 2019-2023: RICS – Colliers Research

Colliers International foresees robust demand from GICs, with leasing by GICs across six major cities in India to be in the range of 32.5 million sq ft between 2019 and 2021. Over 2014-2018, occupiers leased about 53.0 million sq ft of office space in multi-tenanted buildings for their GICs. Bengaluru led the demand with about 20.1 million sq ft, followed by Delhi NCR and Hyderabad. Further, we found that companies from the engineering, energy and manufacturing sectors favoured Bengaluru, which accounted for 32% of GIC demand between 2014-2018.

Reports Small Apartments, Studio Apartments, Size of Apartments in Indian Cities, Affordable Apartments, Affordable Housing

Average flat sizes shrink 27% since 2014; NCR sees least decline

Among the major factors contributing to the escalating ‘claustrophobia effect’ of shrinking apartment sizes, demand for affordable homes in metros tops the list. Also, buyers are increasingly looking to avail the government’s credit subsidy benefits for affordable housing. These require a home to be priced

Headlines Stuck Up Housing Projects, Delayed Housing Projects, Delivery Failure of Houses, Housing Delays in India, Housing Defaults in India

Govt lifeline may rescue over 2.5 lakh stuck housing units in top 7 cities

There is no simple yardstick to calculate the exact number of units and the actual funds that are needed to complete them. Each delayed project is different in size, stage of completion, city and micro-location, etc. Also, various methodologies are used to reach an approximate number. After considering the government’s caveats – non-inclusion of projects under NCLT, and inclusion of mid and affordable units only, ANAROCK has shortlisted units launched in 2013 or before. 

Finance Nirmala Sitharaman, Finance Minister, Relief Package to Real Estate, Real Estate Stress Fund

FM gives apt festive gift to home buyers

Additionally, the fact that the corpus will be completely professionally-driven including real estate experts, banking or housing finance specialists, it is likely to move more smoothly and in the right direction with little scope for misadventure. These specialists will need to identify such projects that are affordable and middle-income projects and are in need of last-mile funding for completion. The government’s move to relax commercial borrowing for affordable housing is another welcome step.

Market Rating Chennai Property Market, Chennai Real Estate, Chennai Housing Market, Chennai Property Launches

Chennai housing recovery faster than national average

The city with a penchant for villas is mostly moving towards the periphery locations. In those locations the land cost is still very affordable. The buyers, mostly local communities, are preferring these plotted villas. Since the developers do not have the construction finance to bother, they can even hold it in the wake of slow sales.

Beyond Headlines Online Furniture Shopping, Online Furniture Business, Pepperfry, Homelane, Finance Intellect Report, Nilkamal, Urban Ladder, Furlenco, Livspace

Going online before opening physical stores is ideal

Furniture players are also experimenting with design and interior modelling of homes. Through an online presence and an influencer network, players are investing in this side of the business. As a result, furniture players are not just your simple sofa sellers, they are much more! They now offer new-age designs, suggest home improvement tips by way of customization and site visits by their own ‘design officers’. These specialized services win over the traditional furniture store operators in terms of post-sales services delivery and customer satisfaction. 

Reports Flexible Workspaces, India Office Market, Co Working Spaces, Office Space Trends, Commercial Real Estate, Colliers Research

Demand from flexible workspace operators to account for about 18-20% of total gross leasing in 2019

About 33% of the occupiers surveyed said they are likely to take up space in a flexible workspace over the next 24 months, primarily for the host of benefits provided. About 45% of occupiers surveyed are uncertain about leasing in flexible workspaces, with the decision hinging on their expansion plans over the next two years. On the other hand, about 22% of the respondents said they are not likely to take up space in flexible workspace centers over the next 24 months.

Company News Co Living Spaces, Investment in Co Living, Co Living Operators in India, Embassy Co Living, Embassy Group

Embassy forays into co-living

Embassy Group will target students from colleges and working professionals employed with multinational companies in organized Grade A Business parks across major cities namely Bangalore, Pune, Hyderabad, Delhi NCR, Mumbai, and Chennai. The official brand launch is planned by the end of 2019 with a flagship project in Bangalore, followed by Pune. 

Beyond Headlines OYO Workspaces, OYO Workspaces in Hyderabad, Innov8 Gachibowli Hyderabad, Co Working in Hyderabad, Office Space Trends in Hyderabad

OYO Workspaces starts operations in Hyderabad with Innov8 at Gachibowli

OYO Workspaces, India’s fastest growing, multi-brand managed workspaces solutions provider is expanding its footprint in India and has forayed into the Hyderabad market with its new Innov8 centre. This new centre named as Innov8 Sreshta Marvel Hyderabad, is situated in Gachibowli, in the vicinity of Hitec City and has a capacity of over 700 seats. It is a beautifully crafted workspace with an industrial design language and is the latest addition to the company’s  22+ coworking centres. 

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