Indian real estate is now becoming way more attractive to investors — both foreign and domestic — than ever before, thanks to changes in regulatory framework. The global capital flow into Indian real estate in 2016 stood at about $5.7 billion. Though the historic high of 2007, in terms of total PE inflows, was not… Read More »
Major co-working operators leased only 1.2 million sq ft in 2016, which accounted for 3 per cent of the overall leasing volume in our country. More than 50 per cent centres are based in Bengaluru, NCR and Mumbai with 60 to 80 per cent occupancy. Colliers, in its report on co-working space forecasts that the… Read More »
Real estate requirements from software firms—the biggest occupiers of commercial office buildings in emerging markets like India— slowed down in 2016 and may further get impacted this year due to global uncertainty and growing technological disruptions, said the top executive of global consultant JLL Inc. In an interview with Mint, Christian Ulbrich, global chief executive… Read More »
10000+ sf deals constituted 1/3rd of the total lease deals in Mumbai in 2016. Smallest deal size of up to 2,500 sf contributed to 26% of the deals last year. Largest deals of above 50,000 sf had the lowest average rental value of INR 102/sf/month, while 5,000 sf to 10,000 sf deals had highest average rental value… Read More »
The demand for student housing is expected to see a rapid growth in India and real estate firms should tap opportunity in this segment to beat current slowdown in the residential market, according to JLL India. The consultant advised builders to convert their under- construction housing projects into student housing, which has immense scope to… Read More »
Private equity funding in Indian office assets in 2017 will surge four-fold to $3.5 billion — beating the 2014 peak, said international property consultant Cushman & Wakefield, pointing to unabated interest of global and domestic institutional investors in commercial real estate. Buoyed by stability in the commercial sector as well as potential to list under… Read More »
Information Technology (IT) sector continued to dominate the leasing activity in India in 2016. Together, IT and BFSI contributed to nearly 69% of the leasing volume last year. Bangalore dominated the city-wise contribution to IT sector leasing with 36.7% share, followed by Pune. *2016 Grade A lease data only
With India emerging as a preferred investment destination, the country is expected to witness nearly USD 4.2 billion new capital in the realty sector in 2017, says Cushman & Wakefield. According to a report titled ‘The Great Wall of Money’ by the global consultant, new capital available for global real estate investment in 2017 is… Read More »
Chennai recorded leasing volume of 1.5 msf in the first quarter of 2017 – highest for the same period in the last five years. This increase was driven mainly by renewals and expansion of existing tenants such as: Average rentals in Chennai were between INR 55-60/sf/month. Average deal size for Q1 2016 was 48,000 sf.
Indian realty, it appears, owes its concrete foundations to private equity. Investment capital from uber rich individuals and institutions – or private equity (PE) financing in broadest sense of the term – now makes up 75 per cent of the funds propping up India’s property market, compared with just about a fourth in 2010. Total… Read More »