Knight Frank India recently launched the 11th edition of its flagship half-yearly report – India Real Estate. The report presents a comprehensive analysis of the residential and office market performance across eight cities for the period January-June 2019 (H1 2019). The report findings establish that the number of residential launches in Mumbai increased by 22 per cent in H1 2019 to 43,822 from 35,874 in H1 2018. The housing units sold saw an increase of 4 per cent in H1 2019 to 33,731 from 32,412 in H1 2018
For decades well past Independence, India peacefully lived with the concept of perpetual leases inherited from the colonial era. Seven decades on, the newly born republic that saw many generations live and die beneath the same roof has emerged as an economic powerhouse on the move. But the Governments’ design for housing has perhaps failed to keep pace with changing times.
One of India’s leading real estate educational institutes, The Real Estate Management Institute (REMI), has launched its Owner Developer Programme (ODP). The Real Estate Management Institute’s (REMI) Owner-Developer Programme (ODP) anticipates the journey ahead and offered participants an eagle’s view of what to expect, how to respond and what they need to know to capitalise on the possibilities.
The Indian real-estate sector has had an interesting year. According to a recent Cushman & Wakefield report, the total number of deals in the first nine months (January to September 2015) was 61 compared to 52 in the corresponding period last year.
The Mumbai Development Plan (DP) rejects statism, reliance on artificially created scarcities to raise resources, the culture of obtrusive bureaucratic control and, ideological policy-making. It is based on a new liberal paradigm and favours simplicity.
With an increase in the number of non-performing malls in India, Shriyal Sethumadhavan examines what´s wrong and what can be done.Malls in India seem to be getting bigger with the average size likely to increase from around 380,000 sq ft to 470,000 sq ft in 2015. While this is in sync with India´s retail transformation, the question remains: of the hundreds of shopping malls operating today, how many are genuinely successful?
Gulam Zia- Executive Director - Advisory, Retail & Hospitality- Knight Frank India. Stopping of the scheme will impact the cashflows of developers. Already worsening liquidity position due to reducing sales will be further deteriorated with the stoppage of
National Capital Region (NCR) will be the largest contributor with 92,202 housing units equating to 160.16 million sq ft of fresh supply of residential space followed by Mumbai with 72,906 units equating to approximately 80.61 million sq ft by the end of 2011.