Weekend homes, also called second homes or vacation homes, are currently an oasis of market activity in India’s the otherwise lacklustre residential real estate sector. In earlier years, only the affluent could and would invest in them – today, these properties are generating interest even from the country’s middle class.
All over the world, cities are facing the challenge of uncontrolled urbanisation. According to the United Nations, 54% of the population across the world today resides in urban areas, and that this figure will rise to 66% by 2050. An accompanying fact is that urbanization is happening too fast, and without adequate foresight and planning.
Parsvnath Developers has announced that Metro Cash & Carry has opened its second outlet in Delhi at Parsvnath Mall in Seelampur. Parsvnath is working on 14 metro malls with DMRC on BOT basis and out of these 11 metro malls have already been completed. Given the proximity to the metro stations, Parsvnath Malls have been considered as the preferred options for big retailers and wholesalers.
DLF has received Sword of Honour from British Safety Council for 06 buildings in Delhi-NCR towards best practice in Occupational Health & Safety. DLF Malls are the only malls in Asia and Middle East which have received prestigious 5-Star Excellence Certification and sword of Honour from British Safety Council.
MCHI-CREDAI has entered into a strategic alliance with Housing.com on the occasion of the former’s property exhibition’s 25th edition. In a bid to enhance real estate ecosystem in India, the most-awaited expo of the season will witness 250+ top developers (exhibitors), first-ever affordable housing pavilion, and the first-time ever virtual exhibition which will continue for 21 days post the 4 days of on-ground event.
JLL India has collaborated with Manpower Group and EMPI Business School to introduce Certificate Programs in Facilities Management. This initiative is aimed at meeting the need for a formal academic approach to empowering aspirant candidates for a career in Facilities Management (FM), which is one of the fastest-growing real estate services verticals in India today.
Over the past two decades, Pune has seen rapid growth of the IT culture. In the beginning, this culture was limited to employees of the city’s many IT/ITES parks – today, it has touched almost everyone who lives in Pune. The cyber revolution in this city is inescapable – those who do not own computers populate internet cafes.
The idea of creating a new city as a counter magnet to Mumbai was originally envisaged in the Regional Plan of Mumbai Metropolitan Region (MMR) in 1965. The actual planning process of this new city began in 1971 after the formation of CIDCO, a Government-owned company for development of cities.
For a very long time, Pune was considered little more than a pensioner’s destination which benefited to some extent from its proximity to Mumbai. It was not considered a serious real estate market at a national or international level. This has now changed for good – the city has attained its own unique identity and is firmly in the limelight as a thriving economic microcosm, with a real estate market that has overtaken Mumbai in terms of attractiveness and investment viability.
Tokyo is the world’s hottest city for new retailer expansion, attracting 63 new retail brands, according to the latest report by global property advisor CBRE, How Global is the Business of Retail?. Space in core areas of Tokyo remain highly sought after despite the mixed signals in the economy and an increase in sales tax of 8% introduced in April 2014.