Amidst controlled new housing launches, the residential sales-to-supply ratio has improved to 1.36 currently, as against 0.63 in 2014, reveals the FICCI-ANAROCK report Indian Housing Sector: Disrupted, Transformed & Recovering released at the 14th Annual FICCI Real Estate Summit 2020 on September 18, 2020. The improvement in this critical ratio is indicative of sustained future growth for the housing sector.
The Government of Singapore Investment Corporation is in the final round of talks with ESR to invest in their second India focused logistics funds. ESR Cayman is a logistics real estate platform backed by a private equity firm Warburg Pincus. GIC is expected to invest approximately Rs 7.50 billion out of the targeted corpus of Rs 22.50 billion, as reported earlier.
Toshiba Johnson Elevators (India) (TJEI) has secured an order for the design, supply, installation, testing and commissioning of 62 elevators at the International Tech Park Pune, Kharadi (ITPP-K). International Tech Park Pune, Kharadi, poised as the future-ready destination that aims to offer state-of-the-art infrastructure and premium office spaces measuring 2.5 million sq ft, is being developed by CapitaLand, one of Asia’s largest diversified real estate group headquartered in Singapore.
On this 74th Independence Day, economies world over seem to be in the throes of a crisis. Britain has announced that it has slipped into a deep recession. All global economies are set to contract into negative territories.