Haryana is often portrayed as a model industrial state due to the emergence of its new urban centres like Sonepat, Gurgaon, Faridabad and Panchkula. Rapid industrialisation and easier land acquisition has made this state a favourite investment
There were many big ticket deals that took place in the real estate segment in 2013, despite the gloomy economic environment. The year gone by was not a great year for the real estate segment. Factors such as the weakening rupee, inflation, low economic growth
Indian hospitality sector, after battling low occupancies and poor room rates in the recent years, seems set for rejuvenation with high hopes from the new government. SHRIYAL SETHUMADHAVAN explores solutions for the industry and suggestions for the policy makers.
The commercial real estate office segment in India is primarily a leasing market. Although Indian firms have traditionally preferred to purchase office properties for their own businesses, multi-national entities in the country typically prefer to lease office space.
The Q2 2014 saw an approximately 26 per cent increase in quarter-on-quarter (q-o-q) total office space absorption across seven leading cities in India, from a little more than 6 million sq ft in Q1 2014 to nearly 8 million sq ft in Q2 2014, according to CBRE’s quarterly office report – India Office Market View – Q2, 2014.
Pune’s Grade A commercial office real estate market has been increasingly attracting the attention of major office space occupiers as a second option to Mumbai, because of its freshly available quality space options, comparatively affordable rental rates, as well as its proximity to and excellent connectivity with India’s financial capital.
While the Narendra Modi Government has been instrumental in bringing in the ´feel-good wave´, the 2014 Budget did not prove to be a harbinger of positive news. Provisions of the carry-forward Budget included support for renewal of infrastructure
India is primarily an end-user market for the real estate sector. Although demand remains largely consistent, property sales volumes fluctuate on the basis of market influencers such as project pricing, end-user affordability, and macro-economic dynamics.
Clarity on long-term opportunities is vital for hospitality real-estate success. India is on the move. Inbound and domestic tourism is booming. Business travel is picking up. And travellers are looking for places to stay. It all spells sunshine for the hotel industry.