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REIT

Institutional Investments to touch USD 50 bn mark in 2019, says JLL Study

Path-breaking policies, relaxation in investment norms relating to foreign direct investments (FDIs) and institutionalization of investments in completed properties in the form of Real Estate Investment Trust (REIT) has opened doors for investors, both domestic and foreign over the last decade, said JLL, the largest professional services firm specialising in real estate, in a statement released today. As a result, the sector will see a cumulative institutional investment of USD 50 billion in 2019, which includes both foreign and domestic investments, the study added. “India real estate has gradually transformed into a global investment destination over the past decade. Since the time the government opened the FDI in March 2005, the country has been able to provide a conducive environment f...

Residential Sales Modest, Office Segment Shows Strong Absorption

After witnessing a revival of sorts in 2018 housing sales have witnessed a growth of 14% in the first nine months (January-September) of 2019 as compared to the corresponding period in 2018, according to India Real Estate Market Update Q3 2019, released by JLL today. The office segment witnessed strong leasing, registering a jump of 40% during the same period as compared to the corresponding period in the previous year, the report added. However, housing sales during the period couldn’t touch the levels seen in the pre-demonetisation era, when nearly ~120,000 units were sold across the top seven markets, the report added. Compared to this, the top seven markets during the January-September period of this year witnessed a sale of ~115,000 units, it said. Mumbai, Bengaluru and Delhi NCR cont...

Union Budget 2019-20: A Boost to NRI Investors

– by Shajai Jacob The Union Budget 2019 announced on 5th July brings in a mixed bag of emotions for the NRI investment community. While positives like better tenancy regulations and an enhanced NRI portfolio route back to India provide the much-needed stimulus to their confidence, some policies like the extension of taxation towards gifts received by NRIs could be worrisome for Non-Resident Indians. The benefits, however, outweigh the negatives as NRI investors can now unlock the full potential of the Indian real estate and capital markets. The following announcements of Union Budget 2019-20 provide a much-needed fillip to the NRI investors: Merging NRI portfolio route with FPI route to increase more NRI portfolio flows into India This move provides NRIs with seamless access to the I...

Embassy Office Parks continues ESG initiatives on World Environment Day 

Embassy Office Parks, India’s first and only listed REIT, along with the tenant partners have come forth to support multiple environmental, social and governance (ESG) initiatives on World Environment Day. It has partnered with Lithium Urban Technologies, the world’s largest electric vehicle commercial fleet operators, to introduce e-vehicles for the intra-park commute.  These electric vehicles (EV) are powered by renewable energy powered with zero emissions and zero carbon footprint. Lithium Urban Technologies will manage all-electric, shared, safe and hosted a fleet of e-vehicles that are accessible to park users for movement in and around the commercial parks. This initiative will help in controlling congestion, reduce the cost of transportation, reduce noise and air pollution, control ...

Govt seeks help to improve voting | Weekly News Roundup – RealtyMyths

Hi guys! Welcome back to the weekly news roundup! Let’s get started Supreme Court dismissed a petition challenging the construction of a memorial for former Tamil Nadu chief minister Jayalalithaa at Chennai’s Marina beach, on April 22, 2019. The Delhi High Court seeks the National Highways Authority of India’s (NHAI’s) response on a plea to ensure basic amenities, like toilets, petrol pumps, ambulance and emergency facilities, on the Eastern and Western Peripheral Expressways. The Environment Ministry has issued a show-cause notice to the firm operating the Okhla waste-to-energy plant in south-east Delhi, for violation of rules. The notice asked the company to respond within 15 days The Maharashtra government seeks the help of the office-bearers of housing societies, to spread voter awaren...

What ROI can One Expect from REITs? – RealtyMyths

Shobhit Agarwal, MD & CEO – ANAROCK Capital About 50% of India’s total office stock is REITable – up from 30% in 2 years Projected 5-year returns on commercial assets are 14% REITs could further percolate down to other asset classes like retail and logistics The listing of India’s first REIT by Blackstone-backed Embassy Group has been in the offing for quite some time, but it now it will finally be listed and open for investment on 18 March 2019. As REITs get officially deployed in India, investors hoping to cash on this new avenue for generous ROI growth seek to understand what exactly is in store for them – and for the real estate market. As with any other investment platform, REITs have their own nuances and also issues, especially in the Indian context. Obviously, the industr...

Commercial Real Estate Trends in 2019: a Forecast – RealtyMyths

by Akhilesh K Prasad The year 2018 saw the commercial office market emerge as the frontrunner in a market that has, in the last couple of years, witnessed revolutionary changes in terms of legislation. The implementation of the Real Estate Regulation (and Development) Act, Real Estate Investment Trusts, GST and demonetization at break-neck speed, gave a few hiccups. But the market has now started riding the growth curve once again. That perhaps is the biggest take away from 2018. In all likelihood, this trend will continue through 2019. Our forecast for commercial real estate in 2019 is based on the following commercial real estate trends: REITs: The implementation of Real Estate Investment Trusts or REITs is expected to prove a major fillip to commercial real estate in India. As witnessed...

Building materials industry to grow by 10% in 2019 backed by massive infrastructure developments

The building material industry is the second largest employer in the country after agriculture, providing a significant contribution to the nation’s economy and employing a large number of people. Currently, it is valued at approximately $126 billion and is accounting for around 8% of India’s GDP. Industry reports forecast that the bourgeoning Indian construction/building material industry is expected to record a CAGR of 15.7% y-oy to reach US$ 738.5 billion by 2022. The key areas of expected growth are social infrastructure, educational institutions, hospitals, government accommodation, defence infrastructure and water resources. M&A deals worth US$ 5.4 billion in 2017, private equity and venture capital investments worth US$ 3.9 billion with 29 deals during the first half of 2018 and...

Forecast for the Indian real estate industry in 2019

 Mr Madhusudhan G., Chairman and MD, Sumadhura Group Single window approvals by central and various state governments to accelerate the growth of the industry Post the revival of the Indian real estate sector through a series of initiatives by the government, the confidence of the homebuyers has increased with a clear understanding of the market. The developers, on the other hand, have also witnessed a smooth regulatory business process. This development is expected to help increase the cash flow in the Indian real estate sector in 2019. Commercial real estate to boom In the approaching year, there will be huge scope for the commercial real estate due to the increasing number of grade-A office spaces for start-ups, co-working places and e-commerce which are also the key drivers of this seg...

What Indian real estate needs from Union Budget 2018-19

Anuj Puri, Chairman – ANAROCK Property Consultants   Every year, the Union Budget presents the Government with an opportunity to tweak the direction that the Indian economy is taking. Sometimes, hard decisions are taken which, while necessary, do not necessarily go down well with Mr. Everyman. At other times, the Union Budget is clearly meant to be a crowd-pleaser. This invariably happens when an incumbent Government is finishing its term and general elections loom, for obvious reasons. The current Government has done a lot for the Indian real estate industry, even when it was in the form of hard decisions like demonetization and the disruptive but very necessary RERA. With the hard decisions now taken, the Indian real estate sector fervently hopes that it is at the receiving en...

71 Years of Independent India – The real estate milestones

Often, how a particular industry shapes up depends on government’s initiatives and interventions – largely done through new sector-specific policies as well as tweaking older ones to better suit the changing business environment. While the government’s role is important, it is the market conditions, geopolitical events, socioeconomic changes in population and the element of time itself that are fundamental in an evolution of industrial sectors, especially so, in the case of developing economies like India.  Ashutosh Limaye, National Director – Research, JLL India Given that real estate is a major industry across the world, there has been a constant focus in many countries to have more transparency in the sector through regulations and technology. India too has seen many policies in recent ...

Interups Inc. and CNP launch Bharatham Hospitality- India’s first hospitality REITS

Interups Inc., a US based Public Company (ITUP) and CNP Business Advisory Services Pvt. Ltd. (CNP), the sole Indian Investment Manager (IM) for SEBI registered Next Orbit Ventures Fund I & II (NOVF) have signed a Joint Venture to launch India’s first Hospitality Real Estate Investment Trust (REIT) – Bharatham Hospitality REIT. NOVF will be the Primary Sponsor Applicant to the REIT through its investments in Hospitality Venture Undertaking from its Real Estate Scheme. The Hospitality REIT size will be around Rs. 1000 Crores. RM Correspondent The joint venture effort is to acquire financially stressed but operationally viable hospitality assets, either directly into the REIT or through SPVs, and leased out to a professionally run Project Management Company. The REIT is expected to introd...

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