The allocation of Rs 100 trillion for infrastructure development in the next five years is a move in the positive direction.
The Annual Economic Survey 2019-20, prepared by a team headed by the Chief Economic Adviser Krishnamurthy Subramanian, and tabled by Finance Minister Nirmala Sitharaman
The real estate fraternity has expressed disappointment over the RBI’s decision.
Logistics leasing in the country has recorded a growth of 31 per cent on a yearly basis, crossing 13 million sq ft, as per a CBRE South Asia report titled ‘India Industrial and Logistics Market View, H1 2019’. Mumbai, Chennai and Bengaluru accounted for more than 60 per cent of the leasing activity
Marking a major milestone in the Indian real estate sector, ‘Embassy Office Parks’, a JV between the real estate company Embassy and private equity firm Blackstone has launched the country’s first Real Estate Investment Trust (REIT).
CBRE South Asia has announced the findings of its latest India Retail Market View Report - H2 2017. According to the report, retail assets in the country witnessed investments of over US$ 0.8 billion from PE firms and wealth funds in 2017; a 15 per cent increase over 2016.
CBRE South Asia has announced the findings of its market viewpoint titled, ‘India Viewpoint: Is India the next frontier for the Data Centre Industry’. According to the CBRE report, Mumbai with 35 data centres operators has become the leading location for growth of data centres business in India.
CBRE South Asia has announced the findings of its latest India Office MarketView Report – Q3, 2017. While Gurgaon dominated leasing activity during the review period, Noida recorded a quarterly increase in absorption.
The budget reaffirms continued focus on Infrastructure and programmes such as Smart City mission, AMRUT, NMCG, the Regional Connectivity Scheme (UDAAN) etc. as can be seen by increased outlay by 20% from the previous year. The key takeaway form this budget is the thrust on social and rural infrastructure including health, education, housing, agri-value chain and penetration of digital infrastructure.
Overall, the Union Budget 2017 augurs well for real estate, affordable housing and the infrastructure segment.
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