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commercial real estate market

Can India’s Coworking Market Double Its Growth By 2021!

by Santosh Sinha The culture of the coworking space market has started getting more acceptance in the Indian market. Recently, coworking firm Oneculture has taken 1.06 lakh sq ft of office space from realty firm Bhutani Infra in its ‘Alphathum’ commercial project in Noida to open its fourth center comprising 1,600 seats. The co-working firm currently has two centers in Gurugram, Haryana with a total capacity of 1,300 seats and will open the third center in the city in November having 700 seats. It offers space in the range of Rs 12,000-22,000 per seat per month, a senior company official said. In this week itself, in an effort to encourage the business environment for MSMEs and startups, Small Industries Development Bank of India (SIDBI) formed a partnership with Incuspaze Solu...

The Future of the Commercial Indian Real Estate Sector – RealtyMyths

by Mr Arnab Ghosh, Director, Synergy Property Development Service The commercial real estate sector in India is predicted to grow in the coming years; this upward trend specific to the sector has been further accelerated by large scale investments by institutional investors. These have helped consolidate the sector and bring in much-needed order to the field. The commercial real estate market remains a strong beneficiary of India’s economic growth. The commercial segment has been greatly boosted by government initiatives such as Make in India and other reforms in the realty sector such as the introduction of the Real Estate Regulatory Authority (RERA) and GST. Despite their initial troubles, developers and buyers have now hailed the move due to the resulting transparency and competence of ...

Is real estate only about affordable housing? – RealtyMyths

by Akhilesh k Prasad The real estate sector contributes 6-7% of the GDP and employs over 50 million people currently. While it stands as the second largest employer as of now, it is expected to generate 50-60% jobs in the next 5 years. In this respect, the real estate industry is significant for the overall growth of the Indian economy. In the last couple of years, the government has implemented some important policy decisions such as Goods and Services Tax (GST), Real Estate Regulation (and Development) Act 2016, Benami Properties Act and demonetization. These decisions were initially received with knee jerk reactions. But now that the dust is beginning to settle, we are looking forward to a more transparent, corporatized industry in keeping with global best practices that boost investor ...

Shriram Properties Partners with a Kotak Fund for its Affordable Housing Project in Kolkata – RealtyMyths

Kotak India Affordable Fund investing up to Rs.400 million in “Shriram Grand 2” Shriram Grand 2 is a 2-million sq.ft. affordable housing project in Kolkata Maiden investment by the Fund that has CDC Group plc as an anchor investor Shriram Properties Limited (“SPL”), one of the leading residential real estate development companies in South India, has entered into partnership with Kotak India Affordable Housing Fund-I (“KIAHF”) for development of its next phase of affordable housing project (named “Shriram Grand 2”), coming up as part of “Shriram Grand City” at Uttarpara in Kolkata. Under the partnership that was consummated today, KIAHF will invest up to Rs.400 million towards 50% economic interest in the proposed development of Shriram Grand 2. KIAHF is an affordable housing fund that is m...

SEMrush and Colliers International unveils Indian Real Estate Market Trends for 2019 – RealtyMyths

The joint report – ‘Digital Real Estate – Winning the Indian Market with Data’ highlighted the role of technology in the Indian real estate market and forecasted future trends SEMrush, the online visibility management and content marketing SaaS platform and Colliers International unveiled the exclusive joint study ‘Digital Real Estate – Winning the Indian Market with Data’ in an event held at Hotel Le Meridien, New Delhi on 26th February 2019. The mega event organized by SEMrush also marked announcement of the top 20 most searched Real Estate players of India and top 10 most searched cities for Real Estate properties in India. The joint report by SEMrush and Colliers International revealed the first ever ‘Digital Real Estate Insights’ with data collected for demographics,...

Budget 2019-20 Neglects Commercial Real Estate – RealtyMyths

by Akhilesh K Prasad Budget 2019-20 has been hailed as a blessing for home buyers and residential real estate developers. It has provided a good mix of direct and indirect incentives, especially with respect to affordable housing in keeping with the government’s flagship initiative of ‘Housing for All by 2022.’ Income tax exemption, an extension of benefits u/s 80-IBA, exemption of tax on notional rent an extension of roll-over benefits on capital gains to two properties were the salient announcements in this direction. However, the same Budget has been criticised by experts for neglecting commercial real estate market in India. Co-working space is considered a booming segment in realty. There was no announcement to bolster this segment even in planned smart cities. While the government an...

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