The real estate sector is expected to be driven largely by the affordable housing segment in 2018, media reports reveal. The drive is a result of the increasing number of developers and institutional funds looking for opportunities in this space led by better returns.
A progressive workplace is about understanding and embracing the new standards of a more agile and interconnected workforce. Recent surveys have found a correlation between office design and the bottomline. So, can companies use workplace design as a retention tool, and how?
Total net absorption in H12017 (January-June 2017) closed at a deficit of 11 per cent from the same time last year and was recorded at 12.5 million sq ft. Chennai was the only market among top 8 cities to register a YoY growth of over 110 per cent in H12017, as per data from Cushman & Wakefield.
In the latest joint report by Cushman & Wakefield and Propstack, the total of number of under construction residential units registered under MahaRERA are estimated at 670,339 across 5,620 projects. Of the total units registered, as many as 350,000 units remain unsold leading to an inventory overhang of 52 per cent as of August 31, 2017.
In the latest report from Cushman & Wakefield, the top eight cities witnessed residential launches of approximately 25,800 units in the first quarter of 2017, registering a 16 per cent decline from the corresponding period last year. A closer look at the trend indicate that launches have seen a steady quarter-on-quarter (Q-o-Q) decline for the last four quarters, corresponding with the announcement of Real Estate Regulatory Act (RERA) 2016 in March last year and the demonetisation exercise in November 2016.