While the office and warehousing segments are going strong, the lagging residential space will make a slow comeback in 2020 By Samantak Das The year 2019 has been a tale of hope and despair simultaneously for the real estate sector. While it witnessed the successful launch of India’s first REIT, opening up new avenues for
The central bank, by keeping the rates unchanged, has recognised that the need of the hour is to infuse confidence about the economic growth through a holistic approach. This will come by combining fiscal and monetary measures, Ramesh Nair, CEO & country head for India at JLL says. “Amidst the ongoing debate of whether the
Flexible space and Coworking space are the new formats of offices that are gaining steam across the country. While the former offers managed space for one company with customised amenities, the latter provides shared space for smaller companies with common facilities. The flexible space take-up in the country has reached about 4.6 million sft in
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
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 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
Affordable housing finance is estimated to be a Rs 6-lakh-crore business opportunity by 2022, by when the government seeks to achieve housing for all citizens, says A Shankar, COO-Strategic Consulting at JLL India Rapid urbanisation is a reality for emerging markets, and India is no exception to this phenomenon. Urban India today houses 377 million people, making
JLL India says that net office space absorption is estimated to cross 100 msf by 2020. In the latest estimate by JLL, India’s real estate services major, net absorption of office space is expected to cross 100 million sft (msf) by end of 2020 in the top eight cities of India. These cities are Mumbai, Delhi-NCR,
Ramesh Nair, CEO & Country Head, JLL India The union budget announcement today did not have any direct impact on the real estate sector. No changes in Income Tax sops or other direct measures that influence the sector. The demand and supply dynamics of real estate sector get no further intervention. The sector which has
As a landmark year for the real estate industry draws to a close, it’s time to review the major events of 2017 for Indian real estate and look at some upcoming trends in 2018 For the real estate industry, 2017 was a watershed year, with the roll-out of game-changing policies such as GST and RERA.