In a significant move aimed at bringing relief to homebuyers and realty players, the Modi government has announced constitution of a Rs 25,000 crore Alternative Investment Fund (AIF) for reviving 1,600 stalled projects, mainly in the affordable and middle-income categories. These monies will be pumped in jointly by the government, Life Insurance Corporation of India
The announcement by honourable Finance Minister, Nirmala Sitharaman proposing to slash corporate tax for domestic companies from 30% to 22% comes at an opportune time when the economy needs a boost in investments. To give strength to India’s ambitious ‘Make in India’ initiative, the government has proposed a tax rate of 15% for new domestic
A human-centric approach to developing smart cities, innovative financial solutions to attract the private sector, and elimination of bureaucratic bottlenecks will lead to Smart City Mission’s success, reports JLL Smart Cities initiatives in the Asia Pacific will not reach their potential if they focus on delivering cutting-edge technologies without paying enough attention to the needs
While Connaught Place (CP) retains its charm, areas like DLF Cybercity, Golf Course Road (GCR), Aerocity have emerged as new business districts, catering to the burgeoning IT/ITeS segment demand. Golf Course Extension (GCE) in Gurgaon is also emerging as a prominent office corridor in the region with huge supply pipeline slated to be completed in
Co-working segment is likely to attract over $1 billion in investment during FY 2019-20. With greater penetration across cities, co-working spaces are playing an important role in supporting the growth of start-ups and enabling accelerator programs for a number of newly formed firms Ramesh Nair Over the last few years, co-working spaces have gained popularity
Office sector to attain new benchmarks this year says JLL Research India’s economic growth and a strong business support ecosystem continued to drive commercial office demand across the top seven cities in the country. Positive developments such as the listing of REIT by Blackstone-Embassy JV have opened the market for similar REITs by other players.
The Policy provides the much-awaited clarity in strategies to transform the Indian Logistics into an organised sector with a consolidated problem-solving approach. However, time-bound definitive execution plan by the government is mandatory to achieve its desired objective and extracting underlying benefits Chandranath Dey The Logistics and Warehousing sector has entered a new growth phase and
A rise in the use of electric vehicles in the country is going to impact real estate development. But work needs to be done. Here’s how Rapid urbanization witnessed in the country demands for smart urban mobility solutions that are less taxing on the environment. In such a scenario, electric vehicles come as a possible
Ramesh Nair-CEO & Country Head, JLL India feels that the union budget 2019-20 was focused on affordable housing, liquidity and infrastructure Enhanced focus on affordable housing to achieve ‘Housing for All’ Mission Union Budget 2019 has been presented on expected lines. With a sustained focus on affordable housing, the government has emphasised on increasing the
The recently released JLL FICCI report indicates that office, affordable housing and student housing segments of realty are set to surpass previous highs in terms of space and investment. According to Ramesh Nair, CEO & country head at JLL India, “India’s real estate sector is at an inflection point and the evolutionary trends in the
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