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.
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.
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.
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.
Covid-19 crisis has transformed consumer preferences. The accent is now on safety, security and access to ‘around-the-corner conveniences. These are natural consequences of a major pandemic that makes us scared about things that never worried us too much before – even the air we breathe and getting too close to other people.
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.
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.
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.
Knight Frank, in its latest report Asia-Pacific Prime Office Rental Index Q1 2021 has cited that despite there being uncertainty around the performance of India’s office sector, Bengaluru, NCR and Mumbai markets are expected to remain stable in rental values over the next 12-months.
International businesses are looking to their workplaces to revitalise corporate brand and culture after the pandemic, which will see significantly improved amenities and services available for employees, according to the latest research from Knight Frank.
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.
To design and deploy future-ready, post-pandemic retail spaces in India Mumbai, India: ANAROCK Retail today announced a strategic partnership […]
Expanding its portfolio in Gujarat to 7 hotels, Sarovar Hotels today announced the opening of its latest project in the temple town, Somnath. The town derives much of its identity from the mythology and religion that surround it. In addition to Somnath, Sarovar operate hotels in Ahmedabad, Bhavnagar, Gandhidham, Junagadh and Rajkot.
Tech Data has announced the Company plans to invest approximately $750 million in digital transformation initiatives over the next five years. The investment will power Tech Data’s strategy to accelerate innovation in ways that will deliver improved experiences and greater agility for businesses across the technology ecosystem.
D’Decor Teams up With HeiQ to Launch Antiviral Range and Air Purifying Range of Furnishing Fabrics