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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
After a long wait, India is witnessing the country’s first real-estate investment trust (REIT) listing: Embassy Office Parks REIT (Embassy REIT), which opened its IPO books on March 18, 2019 and closed on March 20, 2019.
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).
The silver lining for residential property buyers was the June 2018 amendment of the Insolvency & Bankruptcy Code (IBC), 2016, which classified home buyers as financial creditors as opposed to their previous operational creditors status.
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.
JLL India appoints Dinesh Wadehra as MD, Property & Asset Management, and Dr Samantak Das as Chief Economist and Head of Research.
The Indian real-estate market is going through exciting times: Sales have started picking up and the rental market is growing at a healthy rate too. A survey in 2009 pointed out that almost 35 per cent of urban families were living in rental homes; another survey in 2011 indicated that a massive 24.7 million families lived on rent.
