The BSE Realty Index recently breached the 4,000 mark to record an 11-year high. However, it is significantly lower than its peak of 13,647 in Jan 2008. Then, the SENSEX had also breached the 20,000 mark to create a new record. It was at the period when the Indian economy was consistently growing at 9% and the depth and breadth of the market were rising.

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.

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.

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.

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 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.

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.

We have been in lockdown for more than a year and are eager to return to some in-person working that accommodates the preferences and priorities of individual employees so that our entire team is stronger. As a software company, we have been able to work effectively. We were able to launch our new Flexible Service Platform during the pandemic and we are rapidly growing in the U.S. because the demand for flexible office space is robust.

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.

The Covid-19 crisis accelerated what was already a long-term decline in the need for brick-and-mortar retail space, but it also wrought havoc on the office space market, as companies emptied out cubicles and sent workers home to reduce the spread of the virus. With commercial real estate vacancies on the rise, landlords and tenants found themselves at odds about lease agreements, rent payments, insurance and other devil-in-the-details matters.

Newmark, leader in commercial real estate services, has announced that Sridhar Potineni has joined the Company as Chief Information Officer. In his role, Mr. Potineni will be responsible for leading Newmark’s information technology platforms and driving digital transformation, further advancing Newmark’s platform of innovative solutions supporting its clients throughout the world.

Speaking on the Mindspace REIT results, Vinod Rohira, CEO, said that they have delivered the financial performance in line with their projections. Per him, the operating performance remained stable with collections continuing to be over 99% through the pandemic. He also added that Mindspace REIT has achieved a healthy gross leasing of 1.5 million sq. ft. during this quarter and diversified their tenant mix by signing up with a data center tenant.

Embassy Office Parks REIT, India’s first listed REIT and the largest in Asia by area, reported results on 29th April 2021 for the fourth quarter and full year ended March 31, 2021. Among the key highlights, it distributes Rs 18,364 million and grows Net Operating Income YoY by 12%, leases 1.2 msf across 40+ deals, achieves 15% leasing spreads, and pursues growth through 5.7 msf new development, 19% pre-committed to global banking major.

Embassy REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced today it has subscribed to the WELL Portfolio™ program by the International WELL Building Institute™ (IWBI™) to create healthier office buildings and thriving business ecosystems in India. IWBI is the world’s leading organization championing a global movement to expand and accelerate a culture of health by advancing health and well-being in buildings, communities and organisations.

Institutional investment momentum continued during the first quarter of 2021, registering 21% growth in volume at USD 922 million, indicating the sustained investor interest in India’s real estate market. The remarkable resilience of the office market and confidence in its long-term growth led investors to chase quality assets available at the core and development stages.

The leasing momentum in the upcoming quarters will mainly depend on the time taken to contain the second wave of COVID-19 cases. The increasing attendance in offices across the major markets before the second COVID-19 wave bears testimony to the confidence and commitment of corporates to get back to working from office. It is important that landlords continue to be receptive to the demands of tenants and offer flexible options, in terms of space as well as value.

The year 2021 started on a positive note for the real estate market with the residential and commercial real estate segment on a recovery path. While the residential market was recording a strong bounce back from Q4 2020, the office segment was also getting back on its feet. Offices started operations across cities, some at full occupancy while others on a rotational or hybrid model, giving employees the flexibility of workplace.

Sai Life Sciences, one of India’s fastest growing Contract Development & Manufacturing Organizations (CDMOs), today announced the inauguration of its new Research and Technology (R&T) Centre in Hyderabad, India. Sri K T Rama Rao, Hon’ble Minister for Industry & Commerce and IT, Government of Telangana formally inaugurated the facility in the presence of other dignitaries.