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1.APPOINTMENTS

Ashok Ramachandran takes over as President of Schindler India and South Asia after playing a successful role as the CEO.


2.Real estate to be driven by affordable housing in 2018

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.


3.Appointments

Tushar Rane joins Knight Frank India as Executive Director-Capital Markets (Core Assets). Kochi Metro Rail appoints APM Mohammed Hanish as its new chief.


4.Appointments

Anand Sundaresan, Vice Chairman & Managing Director, Schwing Stetter (India), elected as Chairman of the Infrastructure Equipment Skill Council (IESC).


5.Awards Bagged

Cushman & Wakefield India has bagged the 5-star award for Property Consultancy Marketing and Best Property Consultancy in India at the Asia Pacific Awards 2017


6.Next-gen workplaces: The role of design and technology in enhancing employee productivity

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?


7.Six Indian cities among top 10 realty investment spots in Asia-Pacific

Mumbai, Delhi, Pune, Hyderabad, Bengaluru and Chennai have featured among the top 10 emerging property investment destinations list for Asia-Pacific.


8.H12017 RECORDS 12.5 mn sq ft of net absorption lower by 11 per cent Yoy

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[1] to register a YoY growth of over 110 per cent in H12017, as per data from Cushman & Wakefield.


9.52% of MahaRERA registered residential stock remains unsold; 43% registered projects head to on-time finish

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.


10.India sees decline in residential launches as markets gear up to implement RERA

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.


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