The rising value of Indian real estate
PE investments in Indian companies rose to their highest ever figure of $33.1 billion in 2018, according to a Vestian research. Industry expert Shrinivas Rao brings details
PE investments in commercial real estate rise
During the calendar year 2018, real estate sector attracted announced investments worth Rs 50,000 crore across 65 transactions
Private equity investments in real estate gain traction, says report
Out of the total investment of $33.1 billion in India across sectors by PE funds, $7.2 billion was pumped in 65 transactions
Taking the middle path
Our realty landscape has always been dominated by markets such as Mumbai, Delhi/NCR, Pune, Ahmedabad among others. That however, is not the case anymore. The southern markets, which include Chennai, Bengaluru and Hyderabad have emerged as resilient and vibrant, thus overriding the slump that has been a sore point for the real estate sector for the last couple of years.
South leads the way
Until a decade-and-a-half ago, India’s real estate market was centred around only a few major cities, primarily led by Mumbai in the West and followed by the National Capital Region (NCR) in the North.
South leads the way in realty
The real estate market of the country, till a decade-and-a-half ago, was centred around only a few major cities, primarily led by Mumbai in the west and followed by the National Capital Region (NCR) towards the north.
With the over 23.93 million sq. ft. of office space absorption in 2018, read on to know how the 3 major cities of the south; Bengaluru, Chennai & Hyderabad fared.
It’s Time To Connect
"The tenant should always read and understand the rental agreement thoroughly and comprehend all the clauses well. It is very important to know that in absence of the rent agreement, neither the landlord nor the tenant can go to any legal forums for any breach as per the option available for the rent agreements under the Rent Control Act (RCA). Also, ensure that the rent agreement is revised and your name is added as a tenant if you are joining others already living in that flat" - Shrinivas Rao, CEO-APAC, Vestian.
"Promotion of rental housing through tax incentives such as offering to increase the deduction from rental income under Section 24(a) can be provided in the budget. It is also expected that a boost to rental housing through various incentives would eventually lead to promotion of the government’s ‘Housing For All’ scheme," said Shrinivas Rao, CEO-APAC, Vestian.
Vestian wins frost and sullivan perp award for fourth consecutive year
– Vestian, an occupier focused workplace solutions firm, bagged the ‘Customer Value Leadership’ award at the 5th edition of the Frost and Sullivan Project Evaluation and Recognition Program (PERP) Awards 2018 at Mumbai today. This is the fourth consecutive year that Vestian has won this honour.
2018-A year of renewed hope: Shrinivas Rao, CEO-APAC, Vestian
With high expectations from 2018, it was anticipated that the teething problems around policy initiative introduced in 2017 (RERA and GST) would ease out by the end of the year, bringing a new order of transparency and efficiency. Belief was, while GST would provide an audit trail for better control and monitoring, RERA would ensure timely delivery of residential projects, boosting buyer confidence and bring back positivity to the market.
Bengaluru leads in the office market
Apart from the IT/ITeS sector, engineering and manufacturing companies as well as co-working operators too are seeking more space in the Garden City, according to a report. Shrinivas Rao gives an overview of the real estate trend across the country
Warehouse demand goes up with e-commerce growth
The growing customer base for various e-commerce services has resulted in a spike in demand for the warehousing space in the city. According to a report published by Vestian Global, a workplace solution firm, Bengaluru’s warehousing sector has witnessed a gradual yet perceptible shift towards an organised market.
Realtors join fray in affordable housing segment
“The government’s initiative, Housing for all by 2022, provided a major boost to the affordable housing segment despite lack of a clear-cut definition. Also, granting of infrastructure status and interest rate rebates were attracting more players to enter the space,” said Shrinivas Rao, CEO-APAC, Vestian.
Realtors join fray in affordable housing segment, take the middle path
“The government’s initiative, Housing for all by 2022, provided a major boost to the affordable housing segment despite lack of a clear-cut definition. Also, granting of infrastructure status and interest rate rebates were attracting more players to enter the space," said Shrinivas Rao, CEO-APAC, Vestian.
South B’luru tops in launch, sale of residential units
“At times such as these, affordable housing has come as a respite — creating a positive sentiment in the market. Today, the most potent demand for housing in Bangalore lies in the sub-`60 lakh category,” said Shrinivas Rao, CEO-APAC, Vestian.
Housing sector sees sunny days as demonetisation and policy clouds clear
“South and East Bengaluru, the key IT hubs in the city, accounted for substantial demand and supply (in the first of this year),” said Shrinivas Rao, CEO-APAC, Vestian.
Housing sector sees sunny days as demonetisation and policy clouds clear
"South and East Bengaluru, the key IT hubs in the city, accounted for substantial demand and supply (in the first of this year),” said Shrinivas Rao, CEO-APAC, Vestian.
Co-working offices, business centres turn hybrid for revenues
"Several multinational firms and BFSI (banking, financial services and insurance) corporates are currently in talks with co-working operators for providing them with end-to-end solutions. Further on, as more and more companies start to move away from the capex (capital expenditure) model to an opex (operating expenditure) model, this may be the future of real estate spaces.",says, Shrinivas Rao, CEO-APAC, Vestian.
RERA: Hope for homebuyers
“RERA has been heralded as a measure to increase customer confidence and ease the process of buying a home, thereby effectively bringing in transparency and accountability to the sector.”, says, Shrinivas Rao, CEO-APAC, Vestian.
Realty stocks rise on dedicated affordable housing fund
The real estate sector held significant expectations from the Union Budget 2018, hoping for alleviating measures post a testing period of reforms" Shrinivas Rao, CEO-APAC
Shrinivas Rao, CEO-APAC, Vestian shares his insight with Sandeep Sharma
The primary issue concerning policy reforms like RERA & GST was the lack of clarity on how they would impact the country’s real estate sector and the buyers/investors thereof.
Republic Day 2018 | Great expectations once again
The real estate sector looks forward to the budget reducing the long -term capital gains holding period for REITs from three years to one year... Shrinivas Rao, CEO - APAC, Vestian
Clarity on tax implied on sale of TDR is needed" - Shrinivas Rao, CEO-APAC
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Office space market pushing residential realty in East
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Building a home in virtual reality
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Major growth corridor
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