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Flexible Space Take-Up Increases By 277% In One Year, Says CBRE – RealtyMyths

CBRE South Asia Pvt. Ltd, India’s leading real estate consulting firm, today announced the findings of its latest report titled ‘INDIA FLEXIBLE SPACE QUARTERLY DIGEST– Q1 2019. According to the report, the overall flexible space take-up in India increased by 277% y-o-y to reach about 2.9 million sq. ft in Q1 2019. This represented a 70% increase on a q-o-q basis in flexible space take-up. Furthermore, Bangalore and Delhi-NCR were the largest markets for flexible spaces in India, accounting for more than half of flexible space leasing in the country. -70% increase on a q-o-q basis for the flexible space take up in India -Bangalore and Delhi – NCR were the largest markets for flexible spaces in India, with a combined share of more than half in overall flexible space stock -Hybrid and managed...

Why Akshaya Tritiya Is Auspicious For Investment In Real Estate

This year the Akshaya Tritiya falls on May 7th; as the trend suggests the developers are very optimistic of this day. And why not, traditionally, this day is believed to be very auspicious for two reasons, for doing charity and for acquiring or investing in gold and property. Why does this happen! What is Akshaya Tritiya Before going further, let’s understand what Akshay Tritiya means and what makes this day so special. Astrologically, it is the third day of the Shukla Paksha of the month Vaisakha. It is on this day that both the Sun and the Moon are said to be at their planetary best. The word Akshaya in Sanskrit means immortal, something that remains forever. And therefore, it is believed that any activity done on this day continues and remains forever. Probably, this is the reason...

CBRE Collaborates with NASSCOM to Announce “Disruptech” – RealtyMyths

 The challenge is designed to identify, mentor and develop the best-in-line RE Technologies for India & entry into NASSCOM’s 10K start-up ecosystem Participation open from today 2nd May 2019  CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, today announced the ‘BIGGEST PROPTECH CHALLENGE’ in collaboration with the National Association of Software and Services Companies (NASSCOM). The NASSCOM-CBRE ‘PROPTECH CHALLENGE’ aims to identify budding start-ups working towards innovating and building technology solutions for the real estate sector. The collective objective is aimed to support emerging businesses with the potential to transform the Real Estate market with creative, innovative and disruptive thinking. Speaking on the initiative, Srikanth Srinivasan, Head Mem...

CBRE says India’s Real Estate Stock will grow by 200 mn sft in 2019 – RealtyMyths

Policy reforms across sectors in 2018 led to a tremendous improvement in India’s ‘Ease of Doing Business’ ranking; India remains the fastest growing major economy in the world 2018 saw 47 million sq. ft. of office space uptake, dominated by Bangalore, Delhi-NCR and Hyderabad. The trend to continue in 2019 with evolving landlord occupier relationships to be the enablers of change Retail activity maintained a healthy demand-mix across various brand categories; strengthened by the completion of nearly 5.1 million sq. ft. of investment grade supply in 2018. Despite the tightening of FDI norms in e-commerce, omnichannel will continue to reinvent retail formats in 2019 The logistics sector picked up on the back of GST implementation and granting of ‘infrastructure status’; absorption levels touc...

CBRE India recognized as The Property Management Firm of The Year

The India arm of CBRE, the world’s largest commercial real estate services and investment firm, was recently recognized as the Property Management Firm of the Year (North) at the coveted Realty Plus Excellence Awards 2017. This is the sixth time that CBRE has received this award for the North region. Previously, the firm has received this award for West and South region well. RM Correspondent “We are delighted and honored to receive this prestigious award. It is reflective of our ability to provide world class services to our clients across various real estate segments. I would like to take this opportunity to thank my colleagues for their hard work and contribution”, said Rajesh Pandit, Managing Director, Global Workplace Solutions & Asset Services for CBRE South Asia Pvt. Ltd. “We ar...

Chennai emerges as an important residential market

Better infrastructure and metro projects connecting the micro markets act as catalyst in the residential ecosystem. CBRE PropFair to help create a strong platform for the end consumer. With over 45 million sq.ft. of housing sold over the last two and  half years, Chennai has emerged as the preferred destination for the end user home buyer in southern India. With an attempt to accelerate the city’s residential market by showcasing a string of residential projects by leading developers, CBRE India is organizing a three day mega property exhibition, CBRE PropFair, at the Chennai Trade Centre from the 19th to 21st August 2016 for the benefit of the consumers. The event, in its 3rd year, is expected to host 20,000 to 25,000 potential buyers and over 80 developers and financial institutions, all...

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