London properties seem to be topping the list for Indian developers. After the Lodha Group and Sahar Group, now it is Indiabulls Real Estate. In its most recent update, the company has invested Rs 1,550 crore for a commercial property in London’s Mayfair.
Global real estate consultant Cushman & Wakefield in its latest report examines the various strategies and initiatives that malls across India are adopting to enhance their appeal, as the Indian retail landscape gets more competitive with e-commerce companies offering convenience and attractive deals.
Global real estate consultant Cushman & Wakefield estimates that the urban affordable housing segment currently presents a USD 11.8 billion (INR 75,800 crore) opportunity for the private sector. At a time when the Central government is placing strong emphasis on the ‘Housing for All by 2022’ initiative, Cushman and Wakefield expects the strong demand pipeline in the top seven cities to drive the private sector’s participation in creating affordable housing.
The real estate sector is largely disappointedly with this year’s budget as except for REITs and curbing of benami transactions there was no specific mention alluding to the sector this time around unlike the last Budget presentation.
Professionalised services in facility management (FM) for the commercial, hospitality, retail, industrial and residential sectors are the need of the hour. FM´s core role is to provide a seamless experience for employees, customers and stakeholders. ´While housekeeping, security and technical form the basis of this, verticals such as retail benefit from specialised services such as food court management, parking, leasing, marketing, CRM, horticulture management provided by the same group for max