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start-ups

Stronger UAE-INDIA Relation may foster massive economic development

5th Edition of UAE-INDIA Economic Forum was held at Waldorf Astoria, International Financial Centre, Dubai. It saw active participation from industry experts. The chief guest of honour was H.E. Abdullah Ahmed Al Saleh. Undersecretary Foreign Trade and Industry, Ministry of Economy. Keynote Speakers were H.E. Jamal Al Jarwan, Secretary-General, UAE International Investors Council and H.E. Vipul, Consul General of India, Dubai. It was viewed the importance of bilateral trade relations and the opportunity each country has for investment in the other country. The areas of opportunity discussed were – Innovation & Xpreneurship, Agriculture & Food Corridor, Electronics Manufacturing, Banking, Healthcare & Medical Sector, Infrastructure Push – Structuring Smart Cities & Smart Citi...

Infinity Spaces plans to expand

Infinity Spaces is planning to take 200000 sq. ft. office area on lease in Gurugram, Pune, Bangalore, and Indore for further expansion. The Noida based start-up has taken space in Noida expressway to set up corporate office spaces which will be providing lockable spaces to the start-up companies. With 12 corporate office spaces spread in 25,000 sq.ft. in Sector 63, Noida and having more than 100 offices and 99 per cent occupancy rate, this company is planning to spread the wings keeping the market demand in mind. Infinity Spaces offers fitted out space (ready-to-move) as per the requirement of the client, which helps to minimize the initial fund outflow of the start-up companies.  Also, they are known for providing quality basic amenities in the offices that reduce the set-up cost of start...

315 Work Avenue awarded the Best Emerging Co-working Enterprise Office Brand

315 Work Avenue, a leading coworking space provider, has been recognised as the Best Emerging Coworking Enterprise Office Brand at Times Business Awards 2019 held in the city recently. The award was presented by renowned actor Kunal Raj Kapoor at a gala event which saw a participation of top-notch business entrepreneurs from varied sectors. From hospitality to health, real estate to education and other sectors leaders, as well as startups, were acknowledged for their immense efforts in one of the most prestigious awards for the business industry. 315 Work Avenue offers a variety of services and spaces like enterprise offices, co-working desks, private offices, meeting rooms and virtual offices to corporates, mid-size enterprises, small teams, start-ups and entrepreneurs depending on the ne...

India Works the Co-Working Way – RealtyMyths

by Shefali Gautam Today, where almost all the sectors are experiencing a change, real estate is no more left behind. From housing demands to infra culture to shift in commercial spaces, the realty market has seen a holistic transformation in the past few years. Co-working space is the new catchword in the realty market. It is one of the fastest growing spaces in the commercial real estate segment. The exploding start-ups firstly created the demand for co-working spaces but now big corporations and Multi-Nationals are also stepping out of their conventional office set-ups, triggering the growth further. Considering the recent changes in the commercial space, arguably the most fascinating one is the emergence of co-working spaces. The arrival of co-working spaces has changed the conventional...

The government should lower GST to encourage Co-working sector

by Manas Mehrotra, Co-working spaces have now become the buzz word in India’s commercial realty segment due to the voluminous demand for shared working spaces in the recent past. While the demand for coworking spaces continues to rapidly across India, there are some key changes that co-working firms are expecting around GST and taxation in the upcoming Budget. Input tax credit under GST is an important issue that concerns the sector. The companies are expecting that the government would enable co-working firms to claim input credits on work contract and construction services supplied, as detailed under GST provisions. This would check the increased outflow of cash that co-working firms are currently experiencing. The firms are hoping that input tax credit under GST be extended to developer...

The New Star of Indian Rental Housing : Co-living – RealtyMyths

Co-living, like car-pooling and co-working, is the result of demand for more evolved rental housing solutions coming from millennials, students and young working professionals whose choices differ vastly from those of previous generations. Currently, this new accommodation option is most popular with young and unmarried millennials aged anywhere between 20-30 years. Professionals who don’t live with their families in the city of work are also considering this option. Co-living provides such individuals with a way to circumvent the isolation and loneliness that is often integral to a hectic, driven urban experience. While the primary demand for co-living spaces currently comes from such tenants, the concept itself is a lot more ‘accommodating’. In fact, the future may very possi...

DLF Club5 celebrates Mother`s Day, themed around wellness and nutrition – RealtyMyths

DLF5 celebrated this Mother`s Day with interactive sessions focused on motherhood and womanhood at the premises of Club5 on 11th May, Saturday. Starting 10:30 am onwards, the event included sessions on health, nutrition wellness, and the achievements of women who are mothers, by experts and women achievers from diverse fields. People from all age groups were present on the occasion. The event was open for all, including three sessions on three diverse topics. In the first session, Dr Alok Chopra from Daivam Wellness addressed the mothers of Gurugram, educating them about the well being of Mind-Body-Soul.  Daivam team brought equipment called- BIOWELL- an Advanced Instrument for measuring Human Wellness. It’s a Non-Invasive Approach to see the energy-light-information of an individual...

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 ...

Real estate start-ups – how do they function

Pooja Bhatia Start-up realty market in India is dominated by websites that do property listing or generate leads. Overall the sentiment of real estate start-ups is to provide improved services by tapping the vast digital landscape and create new consumption patterns. Even though the listing of properties or lead generation is a minuscule part of property selling, or renting a property, the Indian real estate start-ups are drawing attention, especially in the online world. It is surely a new trend and the scope of it is most-definitely changing and evolving. On the other side, and even more significantly, there are many technology companies (start-ups) mushrooming to help real estate players adapt to the ‘IT’ way of functioning. The overall focus is to create better efficiency channels, red...

BHUBANESWAR: The Hidden Pearl of the East

Akhilesh K Prasad The National Housing Bank’s Residex has recently found that the prices of residential property are increasing more in tier-II and tier-III cities in comparison with tier-I cities. The highest increases in prices of residential properties for the quarter ending March 2017, over the previous quarter, was observed in Bhubaneswar (11.7%), and followed by Visakhapatnam (10.9%) and Raipur (10%). In December-January 2016, the market in Bhubaneswar as elsewhere in India had plummeted owing to demonetization. According to reports, property registrations had dropped sharply from a regular 200 to about 20 per day. However, it has now been observed that price-sensitive buyers are showing more interest in tier-II and tier-II markets as infrastructure development is pushing real-estate...

Co-working Office Spaces: Can Mumbai Match The Mounting Demand?

All over the world, flexibility and agility are the watchwords for doing business effectively. Co-working office spaces are a natural manifestation of this culture, and business-centric cities like Mumbai can obviously not afford to lag behind on concepts like co-working office spaces. Encouragingly, the financial capital is meeting the demand for such facilities head-on. Ramesh Nair, COO – Business & International Director, JLL India The start-up ecosystem in the country, which for long depended solely on angel investors and venture capitalists, has today been buoyed by a slew of initiatives like Startup India by the Central government. Along with funding and ease of doing business, a critical factor in creating an enabling environment for entrepreneurial ventures is an office that ma...

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