Ramesh Nair, former Managing Director, of Jones Lang LaSalle India’s Chennai and Hyderabad regions, has assumed overall responsibility for the company’s Western India operations encompassing Mumbai and Pune region.
While all eyes are on the general elections, the real estate sector is holding its breath for the potential optimism that is expected once the results are out. This optimism is expected to boost transactions and lift homebuyer sentiment. There is no doubt that the actions and inactions ascribable to the current government have made homebuyers and developers anxious. The next government’s economic and employment policies will be key drivers to growth in the real estate sector for the next five y
New micro-markets will keep India's leading centres of commerce at the top of the commercial realty charts. In the Indian commercial landscape, all roads lead to a few top Indian cities. According to Viral Desai, Director, Occupier Solutions Group, Knight Frank India,
Organisations are currently operating in perplexity. They are facing an amalgamation of heightened macroeconomic demand, competitive and capital market risks and, in many cases, regulatory disruptions
In the wake of the new government, RAMESH NAIR gives insights into the business of realty. In the light of the recent national electoral outcome, and an overtly positive result for Prime Minister Narendra Modi
With Maharashtra Chief Minister Devendra Fadnavis announcing his ambitious plans to transform Mumbai, CW highlights over 35 ongoing and upcoming project opportunities in the city for the building and infrastructure stakeholders.
Several amendments to the Real Estate (Regulation and Development) Bill, 2015, suggested by the select committee of Rajya Sabha, have now been accepted by the Union Cabinet.
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.
Due to confusion over new development rules, the Mumbai Metropolitan Region (MMR) will see fewer project launches and land deals in the year ahead. The expected decline in future launches comes on the back of a sluggish June quarter in which only 5,059 housing units were launched, which is less than half of the 11,041 units a year ago.
As the government gradually rolls out various initiatives to shore up the real estate sector, we hope that the industry will benefit, and the residential markets will show a revival similar to what the commercial markets are already displaying.
