commercial
Grade A office space to propel real estate in India – RealtyMyths
by Madhusudhan G., MD & Chairman, Sumadhura Group India has evidently witnessed a boom in the real estate sector in the past few years. With strong economic policies, constant improvement in the business environment, and the government’s deliberate efforts to improve infrastructure in the cities in India, the commercial real estate market has geared up exponentially. Grade A office rental space is witnessing an increasing demand, as companies in tech parks look to upgrade their offices in terms of aesthetics as well as amenities. It is estimated that during 2019 and 2020 this market will witness net absorption of over 76 million sq ft in India. Also, the supply in the market would be around 126 million sq ft over the next 3 years based on the launch of new projects in several Indian ma...
Private Equity Still Votes for Commercial Real Estate -RealtyMyths
The commercial segment saw a total PE inflow of nearly USD 2.8 bn in 2018 – up from USD 2.20 bn in 2017 Office yields are 12-14% PA, rental yields for housing 2.5-3.5% Residential revival depends on returning investor interest Anuj Puri, Chairman – ANAROCK Property Consultants If the prolonged slowdown in the residential was not bad enough, to begin with, major policy overhauls over the last five years – DeMo, RERA, GST, amendments in the Benami Transactions Act etc. – literally paralysed the residential segment. While any policy change brings with it some amount of teething pains, the residential segment took a prolonged hit because it had attracted the bulk of black money in the sector. Commercial real estate was far less affected, if at all. Residential was also far less organized...
Panvel: Upcoming Realty Hot-spot – RealtyMyths
by Anushree Ghosh Panvel – Booming Real estate destination Mumbai’s real estate structure is going through a makeover due to numerous factors—the introduction of The Real Estate (Regulation and Development) Act and Goods and Services Tax. In the midst of this real estate metamorphosis, especially due to the govt. regulations & increasing disposable income of the buyers, Panvel, a node of Navi Mumbai is maturing into a hot destination, due to its proximity to the commercial centres like Taloja and Airoli. It is one of the most advanced and organised locality in Mumbai, with an added advantage of a few promising realty projects that are either in the developing stage or ready to be sold. The residential centres by developers have been attracting huge investments. According to the ...
SPR: The newest realty destination of Gurugram
Fueled by the commercial, residential and retail sector, SPR to become the next real estate destination Gurugram is expanding its horizons by coming up with projects such as Southern Peripheral Road (SPR). SPR stretches along a distance of 16km and gives the people commuting from Sohna Road and Golf Course Road a good network as it links Gurgaon-Faridabad Road up to NH-8 close to Kherki Dhaula Toll Plaza. Sectors 68, 69-75, 75A etc. are the major developments that have come up in this area. It has now emerged as an integrated development with a mix of projects from commercial, residential and retail sectors that are still at their budding stage. Commercial office and occupier leasing: Covering up to 3 million sq ft of ready office stock, in the next two years commercial office category i...
Real-Estate Weekly News Round Up.
Welcome to RealtyMyths Weekly News Round-Up. Here, we bring to you the major updates from the real estate sector, in case you missed them. One of the major development came from the Haryana RERA where served a notice on Supertech for cheating homebuyers Apparently, the notice was issued on a complaint filed by a Sector 46 resident against Supertech Limited for the project ‘Officer Enclave’. As per HRERA, it did not approve any such project, nor any plan for it. Another major news came from Noida when, on July 9th, the Prime Minister Narendra Modi and his South Korean counterpart, visited Noida sector 81 to inaugurate Samsung’s 35-acre mobile handset manufacturing plant which will be, eventually, world’s largest mobile factory. Obviously, it will have a huge impact o...
Vietro tiles adds ten new shades to its collection.
VIETRO Tiles from the house of Aparna Enterprises announces the launch of ten new shades to its overall tile collection. The tiles will be available in 800X800 and 800X1200 sizes and will be priced at INR 60-65 per square meter, available across India. The color palette rages from Gray, Granito, Choco, Black, Dark Brown and Snow White. The tiles are made from a pure mixture of fine clay and elements like silica, quartz, and feldspar, with the state-of-the-art technology from SCAMI and Keda. These Double Charged tiles are known for their high resistance to scratch, stains and low maintenance demand. Mr. T Chandra Sekhar, Director Aparna Enterprises, said, “Tile industry in India has been growing many folds owing to the emerging real estate sector in the country. To address the ever-growing ...
The resurgence of shopping malls in India
Anuj Puri, Chairman – ANAROCK Property Consultants With the advent of e-commerce in India, shopping converged into mobile devices in the form of websites and/or apps. At the click of a button, one could buy groceries, apparel, electronics and almost everything else. For a while, it appeared that ‘couch potato shopping’ was a real threat to physical retail, and that shopping malls will run out of business. That has not happened – in fact, shopping malls are witnessing a visible resurgence in India. A clear measure of increasing focus on the retail sector is that private equity (PE) players invested more than $700 million into Indian retail in Q1-Q3 2017 itself – around 90% of the investments that came in during the past two years (2015 and 2016). Shopping malls in India have com...
Puravankara plans to build around 8 million sq. ft. of commercial office space in the next five years – Ashish R. Puravankara, MD, PURAVANKARA LTD.
Ashish has played a pivotal role in the success story of Puravankara, his resilient innovative skills are being leveraged in strategy formulation, operations, financial management and enterprise development. Presently, he is responsible for running the end-to-end businesss with his primary focus on the identification of opportunities for Puravankara Limited. Ashish is the President of The Confederation of Real Estate Developers Association of India, Bangalore Charter (CREDAI) and is a member of Youth Presidents’ Organization (YPO), Bangalore. In a candid conversation with Mr. Ashish Puravankara, the Managing Director of Puravankara Limited, RealtyMyths tried to understand the company’s future plans. Here are the excerpts: Hello Ashish! You have played an eminent role in the success of pura...
How residential and retail real estate sync up in India
Anuj Puri, Chairman – ANAROCK Property Consultants Whenever I’m asked how real estate is performing in India, I have to ask the questioner to be a bit more specific. Real estate is not a single industry but consists of various categories/asset classes, and each behaves differently at the same time and at different times. Residential, commercial and retail real estate each serve a very separate and distinct purpose, respond to a different type of demand and attract different types of investors. However, it is equally true that all three categories are inter-related because they all depend on each other to drive growth. Residential projects tend to crop up around commercial office catchments, because that is where jobs are created, and employment drives the financial ability and ...
India – Commercial Real Estate: A round-up
by Soumya Prakash While Indian economy is in the adjustment phase in the aftermath of major governmental regulatory reforms coming to force in 2017 resulting in a temporary slowdown, the activity in the commercial real estate segment was not that bleak. As per the Colliers International report, the office market continues to perform well in 2017 with about 10 million sq. ft. of office leasing in Q3, gross absorption totalled around 28.9 million sq. ft. over the first nine months. Whereas the number presented a marginal decline of about 1% compared to 2016 absorption figure (during the same period), the report expected the leasing momentum to pick up in Q4 reaching the yearly forecast of more than 40 million sq. ft. Bangaluru remained the frontrunner in office leasing with a 31% share of ov...
Top Picks: Potential entrants in Commercial Real Estate
by Pooja Bhatia Many global brands are looking to invest in India given its favourable business climate, infrastructural growth and smaller and thus, newer markets opening up for investment. The time is opportune. The global brands are looking for space and, they have the space to start a business with high confidence. More specifically, the commercial real estate space growth is triggered by an expanding Indian economy, growing and diversified consumption pattern, increasing urbanisation and a burgeoning middle class. Besides, the boost in cashless payment and structural changes like GST are only expected to assist in global investment. Here is a list of top five brands who are keen to invest in India: Wall Street English is the world’s largest education company and is backed by Pearson. ...
10 emerging markets in commercial real estate segment
by Pooja Bhatia, Till now, most of the commercial asset investment, the crème-da-crème, has been happening in the fortune destinations of India, including the likes of Bengaluru, Mumbai, and the capital city of Delhi. It may seem that the most of these cities have reached a saturation point, but, they continue to draw attention. However, the evident changes in tier 2 and tier 3 cities is the bigger news. The set of action in smaller cities and towns which can be defined as an e-commerce, IT, Financial Services or logistics effect. Many such factors have created a favourable real estate investment scenario from an economic perspective. Thus, there are more cities in India which are gaining a thriving commercial sector investment reputation across the world. These are the top 10 emerging co...
