Category Archives: Policy

Propstack Insights: India Real Estate Review

Propsense Q3 2017 Released-Gross Absorption was 12.1 msf spread across 438 msf of total stock across the top 7 Indian cities. Cumulative Vacancy for these cities was 12.5% during end of the quarter. Massachusetts Institute of Technology (MIT) in collaboration with Propstack has built India’s office realty rent indices for top 6 cities. These indices depict the growth of office rents since… Read More »

Propstack Insights: Mumbai IT Vs Non-IT – Absorption & Vacancy Comparison

Mumbai saw total office space absorption of 7 million sft till the third quarter in 2017, IT buildings leading with 32 %. The city continued to witness higher office vacancy for Non-IT buildings in 2017 whereas vacancy in IT buildings, was less in comparison. *Grade A data only For more details login to office.propstack.com

India’s Office Rent Indices by Propstack & MIT

Massachusetts Institute of Technology (MIT) in collaboration with Propstack has built India’s office realty rent indices for top 6 cities. These indices depict the growth of office rents since 2010. Both MIT and Propstack believe that an indicator tracking the rental growth like Rent Index can be important for an emerging market like India, promoting better… Read More »

Propstack Insights: Propsense Q3 2017 Released

Propsense Q3 2017 Released Gross Absorption was 12.1 msf spread across 438 msf of total stock across the top 7 Indian cities. Cumulative Vacancy for these cities was 12.5% during end of the quarter. To know more about major deals, transacted rates, net absorption and micromarket level statistics for the top 7 cities login to  office.propstack.com   *Grade A office data… Read More »

Propstack Insights: India CRE Review

Let’s re-look at our past ten infographic highlights for the Indian CRE Market. Top 7 CRE markets in India recorded leasing activity of 26 msf in the first half of 2017 compared to 24.5 msf during the same time last year. Gross Absorption for Chennai and Noida more than doubled in H1 2017 compared to H1 2016. Hyderabad also… Read More »

Propstack Insights: India CRE Review

Lets re-look at our past ten infographic highlights for the Indian CRE Market. IT Parks and Offices led leasing activity last year in Pune with 65% contribution in absorption.  Furnished spaces seemed to be Occupiers choice last year in Pune. 60% of the total deals in 2016 were furnished with average rentals between INR 60-70/sf/month. The… Read More »

10 key things to know about RERA Act

With an aim to address grievances of buyers and to bring transparency in India’s real estate sector, the government is planning to implement RERA Act starting from May 1 this year. The upper house of Indian Parliament, Rajya Sabha had passed the Real Estate Regulation and Development Act (RERA Act) in March 2016, which is… Read More »

Date: April 18, 2017 Category: Policy Tags:

RERA to make paperwork, delivery hassle-free for home buyers

The Real Estate(Regulation and Development) Act will be a blessing in disguise for home buyers, including those who have still not got possession of their properties. According to the Act, every ongoing and under-construction project is supposed to come under the regulator’s ambit. To operationally cover an ongoing project, the developer has to first get… Read More »

Date: April 17, 2017 Category: Policy Tags:

New GST rates may raise property costs, say real estate developers

Real estate developers are concerned that the implementation of the goods and services tax (GST) may raise the overall cost of properties if the sector comes under the expected 18% tax slab and stamp duty is not subsumed in the new tax structure. The GST Bill was cleared in Parliament’s budget session, paving the way… Read More »

Date: April 13, 2017 Category: Policy Tags: