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.

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.

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.

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.

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.

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.

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.

Two sectors that continue to witness growth are – Technology and Real Estate & Infrastructure. The requirements in these sectors are timeless and growth in this sector is expected to bring prosperity for our country’s economy too. There are relatively few institutes in India that offer courses in real estate. Students should choose an institute that offers RICS accredited courses in India. Accreditation has proved to be the key differentiator in terms of the quality of education that the students get. MBA courses offered by RICS SBE are the only RICS accredited courses available in India,& making these specialized degrees much more valuable for the students and sought after by the industry.

“The Covid pandemic stopped the world and the real estate industry, in its tracks. As we exit from the lockdown there is a lot of speculation on the effects on the real estate sector. An in-depth understanding indicates that the lockdown has had varying impacts on the different aspects of the business. Developers were able to defer launches of projects, thereby defer large financial commitments on account of project construction and launch expenses. As launches dropped by 55% over 2019, sales, however, were at a standstill for a shorter period. Many customers who had searched and shortlisted their homes pre lockdown, quickly booked their homes once the lockdown started getting lifted despite which sales dropped by 22% over 2019. This disproportionate reduction of new launches versus sales has led to a depletion of the overall inventory in the market which is a good sign. The inventory for sale is now at a 5-year low at around 75,000 homes. The inventory overhang as well as replacement ratios have gotten stronger.”