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Retail Real estate

Flexible Space Take-Up In India Reaches 4.6 Million Sq. Ft. In H1 2019

CBRE, India’s leading real estate consulting firm, today announced the findings of its latest report titled ‘India Flexible Space Digest – H1 2019’. According to the report, the overall flexible space take-up in India reached about 4.6 million sq. ft in H1 2019. During this period, Bangalore accounted for almost 30% of the leasing by flexible space operators. Commenting on the findings of the report, Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East, and Africa, CBRE, said: “India is currently one of the leading flexible space markets in APAC and we expect increasing investments in this segment going forward. Office stock is expected to grow from 600 mn sq. ft. in mid-2019 to a billion sq. ft. by the end of 2030 and flexible space will comprise 8-10% of the total off...

India’s retail sector expected to become $1.3 trillion of size by 2020: Asma Javed

Real Estate is a sentiment-driven sector, where market sentiments play a major role in defining its growth path. But when it comes to retail space, real estate’s one of the subsets, it is the market trends and projects that guide the sentiments. And, it is this difference that Ms. Asma Javed, in her candid conversation with Team RealtyMyths, explains to us. Ms. Javed recently moved to Gulshan Homz as Head-Leasing Retail Commercial, where she will take care of the retail leasing division. It was a pleasure talking to her. Here are the excerpts of the conversation. RM: Gulshan Homes is known for its construction quality and is one of the biggest names in the NCR real estate market. What are your expectations from the company, now that you are a part of this name? AJ: Well,  Gulshan Hom...

PE Inflows in Indian Retail Double to $1.2 bn – ANAROCK

– Of total USD 1.84 bn inflows in retail in last 4 yrs (2015-2018), Tier 2 & 3 cities attracted nearly 48% funds (of USD 880 mn) against USD 960 mn in Tier 1 cities – Top favoured Tier 2 & 3 cities included Amritsar, Ahmedabad, Bhubaneshwar, Chandigarh, Indore & Mohali – US-based funds like Blackstone & Goldman Sachs invested more than USD 1 bn between 2015-2018; UAE, Singapore, Canada & Netherlands funds also active – Q1 2019 saw only UAE-based Lakeshore invest USD 110 mn in Indian retail Further liberalization in FDI policies – 51% FDI in multi-brand retail and 100% FDI in single-brand retail under the automatic route (against the previous 49%) – has attracted major global PE funds to double their investments in the Indian retail se...

Retail Real Estate in 2019: A Forecast – RealtyMyths

by Akhilesh K Prasad 2018 has been an active year for the Indian retail sector. Consequently, the retail real estate has witnessed growth. As we move into 2019, the following is our analysis of the retail market trends: Reforms: The Government has allowed 51% FDI in multi-brand retail and 100% FDI in single-brand retail under the automatic route. The move is a definite crowd puller and global retail giants such as Walmart are making forays into the Indian retail space. The Government is also in the process of tweaking norms for retail trade and enacting a 365-days working policy, in order to further improve India’s ranking in Ease of Doing Business. Demand: Apart from the above, rapid urbanization, digitization, rising disposable income and change in lifestyle has also promoted the retail ...

The future of retail and commercial real estate in India

by Pooja Bhatia Real estate particularly commercial real estate led by FDI is expected to be on a positive trajectory. The recent reforms introduced by the government brings in transparency and thus, more confidence in the real estate sector in India. Our GDP is improving. A better and stronger Indian economy will in turn boost sectors like e-commerce, start-ups leading to demand in real estate led by logistics, warehousing, etc. A better performing Indian economy also means more activity in retail. Hence, the reason to believe that there will be a strong growth in the commercial real estate sector. Take, for example, the trend of co-working space led by start-ups in India. Even though it has practically reduced the demand for office spaces, but the demand for co-working space is so much t...

What will be your biggest investment in 2018?

Ramesh Nair, CEO & Country Head, JLL India 2017 saw a paradigm shift in how India invests its money. While still reeling under the impact of demonetization, the year saw an introduction of major policy changes as well as the boom of newer and riskier investment avenues, including Bitcoin and other cryptocurrencies. Coming to real estate, 2017 was a roller coaster ride, with policy changes leading to speculations regarding the investment scenario. However, with global real estate investment activity broadly tracking last year’s pace, we saw India’s investment market attract over USD 5.1 Bn investment flows in 2017. Investor confidence was amplified on account of policy reforms including, RERA, GST, Benami Transactions Bill, demonetisation, leading the way towards a cleaner sector enviro...

Increasing PE Focus on Retail – Funds diversifying India investment portfolios

Ramesh Nair, CEO & Country Head, JLL India After a few years of reduced focus on retail real estate largely due to the limited supply across India, private equity (PE) players are again focusing on these assets with over USD 724 mn invested in 2017 (through September) alone. Compared to the total investment of USD 1.57 bn witnessed between 2015 and September 2017, this chunk shows how the PE focus is changing as they aim to diversify their portfolios. With an aim to create a portfolio of assets as the Indian market expands, some of the leading global PE funds have started investing in retail sector in order to diversify their investment portfolios in the country. This includes all types of investment such as platform and entity-level deals as also acquiring stakes in leading malls acro...

Demonetization and Trump’s Triumph: Impact On Indian Real Estate

There is currently a lot of debate happening on how the government’s demonetization move will impact the real estate sector. The NIFTY Realty Index fell by almost 12% yesterday, purely on sentiment. While bellwethers are hinting at dark days ahead, these fears can at best be called unfounded when it comes to the Indian real estate business within the country. Let’s look at how the major real estate segments will fare: Anuj Puri, Chairman & Country Head, JLL India Residential real estate: The primary sales segment is largely influenced by home finance players, and deals tend to be facilitated in a transparent manner. This segment will therefore see at best a limited impact in the larger cities, though some tier 2 and tier 3 cities where cash components have been a factor even in p...

Indian Commercial Realty: Investors’ Paradise

“A recent report by JLL India on Indian Commercial Realty says that the increasing share of equity financing is a key indicator that investors are looking to become project partners and points towards their strong positive sentiments for commercial assets in India. There are clear signs of latent interest in retail and office assets” Sahil Zaidi There is a very interesting development taking shape in the Indian commercial realty market. A once stagnant segment, the Indian commercial realty is gaining back all the attention that it had lost. The commercial real estate has finally defied slowdown; investors’ confidence has gained in the last couple of quarters. They are putting in their stake in the retail and office spaces, not only in the form of debt but equity as well. And th...

Retail Real Estate Regains Sheen

“The retail real estate market has, once again, gained its lost charm. the overall vacancy levels decreased in the year 2015 despite rise in completions; recent retail-friendly policies by the union government bode well for the sector” Anuj Puri Limited Quality Supply and Growing Demand High vacancy in the post global financial crisis years, coupled with a poor consumer and retailer sentiment, led to many developers either deferring launch of proposed retail real projects or shelving them altogether. Therefore, the current decade started with falling new supply and demand from retailers. Post that, there was a period of global economic weakness, coupled with domestic problems pertaining to negative influence of the pre-election uncertainty on business environment as well as con...

Retail Segment to lead Indian Commercial Realty’s Growth Story

“The retail segment has been able to corner 8% of the total Private Equity investment pie in the first five months of the year 2016 itself. As of May 2016, the total PE investment into Indian retail real estate stood at USD 149 million or INR 10 billion” Sahil Zaidi Commercial real estate is a complex matrix. There are many factors which impact its operations; majority of them driven by macro-economic dynamics. Thankfully, Mr. Modi-led NDA Government’s fiscal reforms are making the macro-economic scenario favorable for investments in India. The efforts have started showing results. The retail sector has been able to corner 8% of the total Private Equity investment pie in the first five months of the year 2016 itself. As of May 2016, the total PE investment into Indian retail re...

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