Browsing: Track2Realty Newsletter

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Reports Global Capability Center, GCC, Leasing in India, Commercial Leasing Space, Commercial Property in India, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalist

Leasing by global capability centres in India records 22.5 mn. sq. ft. in FY 2023-24

GCCs have become an important catalyst for change in the Indian office sector. With 1.3 mn talent as of 2019, the sector saw a 30–35% share of total office leasing in India in 2017-2019 period with over ~1250 operational GCCs. Between 2020-2022 period, GCCs accounted for 38–43% of the total leasing, housing over 1580 operating GCCs with a talent pool of 1.66 mn as of 2022. We anticipate that during 2023-2025 period, the GCCs will account for a significant 35–40% of the total office leasing. Moreover, India has been a leader in the growth of GCCs, expected to host over 1,900 GCCs by 2025 with a professional talent pool that exceeds 2 mn.

Consumer Connect Time The Market, Timing The Market, Right Time to Buy House, Right Time to Property Purchase, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Real Estate Website, Best Property Portal

Can home buyers time the real estate market?

When you read in the media that the housing market is on fire, you get pessimistic with FOMO (Fear of Missing Out) gripping your investment strategy. When the market speculators suggest the house price might drop, you rush to sell and/or put your buying decision on hold for a better deal. Track2Realty analyses whether home buyers can time the market.

Consumer Connect

Is there any custodian of due diligence in Indian housing?

Housing project is approved by the government agency; RERA; and banks & financial institutions! Shouldn’t this be enough to instil confidence of the home buyers that the housing project is safe to invest? How could otherwise a builder with poor execution capabilities or fiscal imbalance cross the three eyes of scrutiny and dodge the bullet at each and every level of checks & balances? Track2Realty questions as to who is the custodian of due diligence in the housing market?

Company News Fiscal Performance, Quarterly Results, Real Estate Financial Results, Indian Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Websites, Real Estate Journalists

Puravankara reports highest ever sales of INR 5,914 crore in FY24; revenue up by 61%

For FY24, sales stood at INR 5,914 crores, a staggering 90% Y-o-Y increase. Sales volume increased by 84% to 7.36 mn sq ft with INR 3,609 crores in collections (+60% Y-o-Y). Total revenue increased by 61% Y-o-Y to INR 2,260 crore. Operating cash inflows for FY24 stood at INR 3,948 crores (+41% Y-o-Y), while net operating surplus was INR 513 crores (+598% Y-o-Y). Focused on value creation and future business growth, the company has incurred expenses for marketing and sales to increase pre-sales by 90% and towards General and Administrative (G&A) costs for new acquisitions in new geographies, which is reflected in the P&L.

Policy

RBI’s proposed project finance norms boon or bane?

The stock market in general and banks, realty stocks & shares of infrastructure finance companies in particular reacted sharply to the draft proposal of the Reserve Bank of India (RBI) that suggested tighter project financing norms of banks to project financing. The Indian real estate projects already weathering headwinds to attract project finance immediately swung into cost & benefit analysis. Though most of the leading developers were cautious in giving critical reactions, privately they all maintained that the RBI should have rather looked into the funding gap of the viable under construction real estate projects with cash receivables in the pipeline. A Track2Realty analysis.

Network Under Construction Projects, Under Construction Houses, New Project Launches, New Housing Launch, Bengaluru Property Market, Bengaluru New Projects, Bengaluru Housing Projects, Indian Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Real Estate Website, Best Property Portal, Real Estate Journalists

Assetz Property Group launches residential project in North Bengaluru

North Bengaluru has emerged as a real estate hotspot in recent years due to the presence of the Kempegowda International Airport, major corporate offices, a host of recreational options, and the arrival of the next phase of Namma Metro in the near future. An integral part of North Bengaluru is the 3,000-acre KIADB Hardware & IT Park which is home to many Aerospace and IT campuses surrounded by well-planned infrastructure, ample green parks and open spaces, retail spaces, and more. Since this area has been witnessing increased interest from homebuyers over the last few years, a high-end residential project like Assetz Sora & Saki aims to cater to the discerning tastes of the new-age home buyers.

Reports House Price Growth, Housing Price Trends, Housing Demand in India, Housing Supply in India, Housing Absorption in India, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalists

Average housing prices across top eight cities increased 10% YoY in Q1, 2024

Of the eight major cities, Pune witnessed the steepest drop in unsold inventory levels. The 10% YoY decline in unsold units, highlights strong housing demand across the city. The reduction in unsold units coincides with a major 13% annual rise in average housing prices. This price growth was driven by substantial launches in the high-end and luxury segments. Key localities like Camp and Baner witnessed significant YoY price increases, ranging between 20-23%.

Reports Office Space Demand, Office Space Supply, Office Space Absorption, Grade A Office Spaces, India Real Estate News, Indian Realty News, Real Estate News India, India Property Market News, Commercial Property Demand, Best Property Portal, Best Real Estate Website, Real Estate Journalists

India’s Grade A office space demand projected to cross 70 million square feet in 2024: CREDAI – CRE Matrix Report

Nationwide, market rentals across Grade A spaces continued to increase, nearing the INR 100 per square feet milestone, with an 8.7% QoQ increase in Q1 CY 2024. The disparity between market and existing rental rates expanded to approximately 14%, signalling a robust landlord-centric market environment. Specifically, Bengaluru, Pune, and Hyderabad experienced an uptick in rental rates during Q1 CY’24 compared to the preceding quarter.

Consumer Connect Senior Living, Association of Senior Living in India, ASLI, Senior Living in India, Senior Housing in India, Assisted Living in India, Senior Citizens, Senior Care, Senior Housing Report, Senior Housing Market, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Real Estate Journalists, Best Real Estate Website, Best Property Portal

Indian senior living market potential to touch USD 12 billion by 2030

The median age of the country is likely to gradually increase from about 29 to 38 by 2050. Similarly, the proportion of aged people (above 60 years) is likely to increase from about 11% in 2024 to 21% in 2050. At the global level, over the next three decades (by 2050), of the 2.1 billion people above 60 years, India would account for a 17% share indicating a significant demand growth for senior care including housing in the country.

Network Experion Elements, Experion Developers, FDI Backed Developers in India, Ultra Luxury Projects in Noida, Indian Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalists

Experion Developers launches ‘Experion Elements’ in Noida

The project comprises two towers that symbolize the fusion of past and future. Experion Elements claims to incorporate advanced smart building technology and sustainable practices, such as a low-density design to minimize its ecological footprint. The project aims to balance sustainable geography with cutting-edge architecture, offering a tranquil living environment with diverse plant life, intricate raindrop patterns, and serene water features.

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