CBRE South Asia Pvt. Ltd, India’s leading real estate consulting firm, was recently awarded WELL Certification at the Gold level for its office in Mumbai, by the International WELL Building Institute™ (IWBI™). CBRE Mumbai office registered under WELL V2 rating system accommodates over 260 employees.
ISS Facility Services India, a leading global provider of workplace experience and facility management services, has today announced the launch of Germagic™ Thyme – a world-class technology producing germicidal coatings for protection against viruses (including COVID-19), bacteria, and fungi, in India.
India’s leading tech-led real estate services firm ANAROCK has launched ANACITY – a Smart Community Automation PropTech solution for managing gated communities, apartments and villas globally.
Savills India, an international real estate advisory firm, has recently launched its first online property festival ‘Savills Home Fest, Goa.’ Home Fest, Goa, a specially curated online event, showcases a bouquet of properties with exclusive offers and is supported by the on-ground Savills team that offers tailor-made solutions and a seamless buying experience.
Panchshil Realty, one of India’s leading luxury real estate developers has announced that it has logged one of its strongest years on record in the sales of its high-end residential portfolio of homes in Pune.
The Indian real estate business – both commercial and residential – has been aggressively adopting technology to create better customer experiences for quite some time. With the COVID-19, the digital revolution has only accelerated. We’ve seen a few flashes of this digital change during the last 12 months.
JLL, India’s largest real estate consultancy firm, has been felicitated with Frost & Sullivan’s Best Practices Customer Value Leadership Award 2021 in the facilities management industry. JLL is recognised for achievements in adopting innovative strategies, engaging in strategic product development, and demonstrating client centricity and strong people practices.
The biggest problem for real estate development in Mumbai is land scarcity. Redevelopment projects are often the only option for developers keen to have projects in the more valuable city centre areas, writes Anuj Puri
Diversified professional services and investment management company Colliers, has released the report, Revolutionized Sector- Emerging Economies & Markets, according to which, having digital technology at the core of everything can make a business more resilient, and faster to adapt to any headwinds.
COVID-19 seriously disrupted the Indian office sector in 2020. The total sector-specific office leasing activity in the three dominant IT hubs Bengaluru, Hyderabad and Pune declined by approx. 55% against the preceding year – from 62.35 mn sq. ft. in 2019 to 27.80 mn sq. ft. in 2020. However, these three cities are witnessing a significant rise in leasing activity by the non-IT/ITeS sectors like the BFSI segment.
Colliers notes that the first half of 2021 has already recorded a 33% increase in the investment in emerging asset classes compared to the first half of previous year, led by data centres, as per its latest report, Unveiling the Potential of Emerging Real Assets, published in partnership with industry body FICCI.
CBRE and Turner & Townsend has announced a definitive agreement whereby CBRE will acquire a 60% ownership interest in, and enter into a strategic partnership with Turner & Townsend, a United Kingdom-based global leader in program, project and cost management.
Yondr Group, a global leader, developer, owner operator and service provider of hyperscale data centers, has announced it has formed a strategic joint venture partnership with Everstone Group
Leading diversified professional services and investment management company Colliers has announced the appointment of Ramesh Nair as the Chief Executive Officer (CEO) for India and Managing Director, Market Development for Asia, effective immediately.
JLL’s new research, The Future of Global Logistics Real Estate, predicts that demand for logistics space (warehousing and distribution facilities) will continue to intensify over the next three years, even when compared with recent elevated levels. To sustain this growth, however, both limited land supplies and increased pressure for environmental sustainability practices need to be addressed.
To meet the growth in demand from enterprise customers, Hipla Technologies – striving to improve the experience of a billion+ people at their workplaces every day – has raised a pre-series A round of USD500,000. This capital injection will bolster and accelerate Hipla Technologies product distribution for their 360* Facility and EHS (Environment, Health, and Safety) management solution stack.
Easiloan Techno Solutions, a new age fintech start-up has launched “Easiloan Instant Match” application, housing finance industry’s first Artificial Intelligence (AI) technology-based selection and recommendation engine for home buyers. With this launch, Easiloan.com aims to address the inefficiencies in the home loan ecosystem by leveraging technology to streamline the loan processes across buyer, developer/seller and lenders.
More than ever before, Indians are now eyeing properties in Dubai. Investing in real estate has emerged as the quickest way to get a residency permit in UAE, and since 2017, Indians have ranked amongst the top 3 nationalities investing in property in Dubai writes, Shajai Jacob
The pandemic has significantly altered previously dominant trends in the Indian residential market. Notably, it has dented the overall new affordable housing supply share across the top 7 cities. Latest ANAROCK research indicates that out of the total new launches of approx. 36,260 units across the top 7 cities in Q2 2021, the affordable segment (priced <INR 40 lakh) contributed a mere 20% share.
Considering the millennial’s requirements are essential for real estate companies across India to give the construction industry a new trend. Companies like Mana Projects have already started the trend and are already focusing on futuristic homes. Undoubtedly, millennials will be the most significant demographic category active in property transactions in the coming years.
AsiaOne List of Top 50 Real Estate Brands and Leaders 2020-21 by Wealth has been created based on the valuation of top real estate brands and leaders. Even though there might have been inadvertent omissions, the list is the most authentic attempt to identify India’s top real estate leaders and to measure their holdings’ value. The Listing comprises Pan India findings and regional findings.
The gradual opening of cities boosted by the infection rates going down and the mass inoculation drives further gives hope to the office space market for the quick rebound post the second wave of COVID-19. With emerging trends shaping up and increased demand for office spaces, commercial real estate developers are batting for a quick revival in the coming quarters of 2021.
JLL, India’s largest real estate consultancy and professional services firm, announced that it has been awarded a WELL Certification at the Platinum Level by the International WELL Building Institute (IWBI) for its Global Technology Centre in Bengaluru. This state-of-the-art facility houses over 400 JLL Technologies employees who are focused on utilizing emerging technologies to develop new solutions for JLL and its clients.
As Unites States continues its pandemic recovery, the Newmark Opportunity Index points to the opportunities and challenges associated with each individual major metro area, gauging its overall economy as well as its comparative ranking for investment potential.
Barco ClickShare, global leader in visualisation and collaboration solutions, has revealed the results from its annual research on meeting trends and engagement. The report marks five trends in work and meeting on the verge of returning to the office post-Covid.
Leading diversified professional services and investment management company Colliers today released the Growth engines of innovation: How Asia Pacific’s technology hubs are reshaping regional real estate report, an in-depth analysis of how the growth of the APAC technology sector is transforming the region’s property markets.
JLL, India’s largest real estate consultancy firm, has announced that it has been placed amongst India’s top 100 Best Companies To Work in 2021 in the annual ranking of India’s Best Companies to Work For. The survey was conducted by the Great Place to Work® Institute.
In the one year since Covid-19, Pune’s residential market has seen several changes – some good and some bad. On the positive side, demand for homes increased after the pandemic set in – not only from middle-aged buyers but also from youngsters. The last time we saw so much demand from millennials was during the peak of Pune’s IT-boom.
Blue Ocean Robotics the manufacturer of UVD Robots for autonomous UV-C disinfection announced that it has entered into a partnership with ISS World Services, a world leading global workplace experience and facility management company, to provide autonomous robots for disinfection as part of ISS’ Global Offering.
Yardi® has announced the acquisition of We Are Forge Ltd (Forge), a Bristol, UK based software company that specialises in visitor management and smart access control for real estate assets including, office, retail, industrial, flexible workspace and the education sector.
ANAROCK, India’s leading independent real estate services firm, has announced that it will make Upflex, a hybrid booking platform with the largest global network of flexible workspace, available to companies in India.
JLL recently launched an exclusive Pune city report titled “Real Estate in Post Pandemic Pune – Opportunities in the making” which highlights that the city attracted institutional investments of ~INR 9,600 crore during 2015-20. The report further states that office assets accounted for the highest share of 49% of the total institutional investments.
In what is being seen as a strategic move to continue expanding its North American business, global real estate advisory firm Savills has announced the acquisition of T3 Advisors (T3), which will rebrand as T3 Advisors, A Savills Company.
Welspun One’s flagship Bhiwandi project was recently awarded as India’s 1st Platinum Pre-certified Green Logistics Park by the esteemed Indian Green Building Council (IGBC), a part of the Confederation of Indian Industries (CII). Welspun One Logistics Parks has ingrained ESG (Environment, Social & Governance) practices into its core values, to an extent that it is governing every business decision they undertake.
JLL has announced that, Rahul Arora, currently Managing Director, Bangalore will now head its Office Leasing Advisory business for India. This move underlines the Firm’s confidence in the strong prospects of India’s office market despite the headwinds from the COVID-19 pandemic.
British Safety Council, one of the world’s most trusted leaders in health, safety, and environmental management is offering free E-learning courses to help people cope with mental health issues arising from working from home during the pandemic. The online courses focus on mental health and safety and are targeted to home workers.
Real estate investors and landlords are missing income opportunities and cost savings as their assets age in Asia Pacific, says JLL. Half of investment properties in prime locations in Asia Pacific are over 20 years old, leading the real estate firm to forecast that there is over USD 40 billion worth of unrealised value in aging and underperforming properties regionally.
IT-BPM sector has been the prime driver of the office demand in India over last decade. The employment in IT-BPM sector grew at rate of 6% CAGR over the last decade. The employment figure reached about 4.4 million in 2020 from about 3.0 million employment in 2011, which is an addition of 1 million skilled white-collar jobs.
India’s data center sector will require investment of $3.7 billion over the next three years in order to fulfill the 6 million sq. ft greenfield development opportunity for the industry, a JLL report titled ‘2020 India Data Center Market Update’ stated.
Colliers has highlighted its commitment to embedding environmental, social and corporate governance (ESG) best practices across the organization by signing up for the IGBC Mission on Net Zero. The firm pledged its support to the mission to be Net-Zero by 2050.