Rishi Ranjan Kala

Articles By Rishi Ranjan Kala

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Office occupancy will rise to 15-20% by December 2021: Vikaash Khdloya, deputy-CEO & COO, Embassy Office Parks REIT

Sentiments are positive. Return to work is now anticipated to rise to 15-20%. We are very positive about a strong rebound in demand for 2022.

Vikaash Khdloya, deputy-CEO & COO, Embassy Office Parks REIT

India’s flex space operators to add over 60 m sq ft by 2023: Study

A joint study by Colliers and Qdesq expects co-working stock in India to surpass 60 million sq ft (MSF) by calendar year (CY) 2023 aided by rising demand from enterprises.

india flex operators

PC shipments hit all-time high in July-September

The PC market recorded its highest-ever shipment of 4.5 million units during the July-September 2021 quarter on the back of robust demand from enterprises and consumer segments.

IDC pointed out that the market, which includes desktops, notebooks, and workstations, continued its growth momentum despite ongoing supply and logistical challenges.

Real estate prices could go up by 10-15% in FY23: Credai

“It is a major concern and we feel construction costs have risen by about 25-30%, which may have a bearing on apartment prices over some time. Over the next 3-6 months, we expect property prices to go up by 10-15%. For the

Suggesting relief measures, Patodia said the government can consider either allowing an input tax credit for real estate projects and/ or rationalisation of GST on various construction raw materials from their current rates.

Stamp duty cut: Home sales surge in Kolkata

A total of 39,832 residential sales deed were registered during the January-October period compared to 19,876 deeds a year ago, data sourced by Knight Frank India from the state’s directorate of registrations and stamps rev

Tata Realty has developed over 15 million square feet of commercial projects and has around 12 million square feet of projects under development and planning

Real Estate: Hyderabad now India’s top commercial realty market

Gross office space demand was highest in city for Q3 2021

Overall, the top six cities of India reported around 10.3 MSF of office gross absorption in Q3 2021, the highest volume recorded since Q1 2020. IT-ITeS driven cities of Hyderabad, Bengaluru and Pune accounted for 62% of the gross absorption in Q3 2021.

Office lease renewals gain pace as firms plan to bring back employees in January

According to a joint report by international property consultant Colliers and real estate data and analytics platform Propstack, lease renewals were up 8 percentage points against the 15-month pre-pandemic period (January 201

Delhi-NCR and Bengaluru emerged as the most resilient cities in the office market post pandemic. (Representative image)

Realty Report: Delhi-NCR to trump last year’s housing demand

However, still short of levels before pandemic

However, 2021 numbers are most likely to fall short of the robust demand recorded in 2019 calendar year. The top eight markets in the country had reported record residential sales of 42,827 units in 2019.

Commercial real estate: The curious case of vacant office spaces

For second time since 2017, vacancy levels have breached the 13-14%-mark

(Representative image)

‘Hybrid work model may see 10-15% employees never coming to office’: Sriram Khattar, CEO, DLF Rental Business

In the near term, once travel picks up, there would be much more interaction moving towards normalcy.

DLF’s net debt (ex-DCCDL) declined QoQ by Rs7.5 billion to Rs39.9 billion on the back of strong customer collections of Rs14.0 billion for the quarter vs. usual run-rate of Rs 6-8 billion.

Private Equity investment: $1.8 billion for real estate in H1FY22

However, average ticket size of deals declined 32%

Anarock Capital CEO Shobhit Agarwal said the average ticket size for the PE deals in the current period declined by 32% to $78 Mn in H1 FY22 from $114 Mn in H1 FY21.

Third party logistics, e-commerce & retail companies driving warehouse demand

Occupiers are likely to secure pre- commitments in investment-grade supply and engage developers at the design stage to ensure greater customisation of space, it added.

Supply additions in I&L sector surpassed 11 MSF in H1 2021, rising by about 5% from H2 2020. Here, Chennai accounted for one-third of the total supply addition, followed by Delhi-NCR (19%) and Mumbai (16%).

Around 4.5 million sq ft of new mall space in tier I & II cities likely in 2021

New mall completions, considered an indicator of the sector’s prospects, were phenomenal in 2019, with around 8.5 MSF added across the top 7 cities.

Shopping Mall

WFH Effect: Dying category of tablets gets revived as demand increases

India’s PC shipments shoot to 5-year high of 4.1m units

“Shipments of notebooks, the largest category by volume, grew 43% over Q2 2020. Tablets also had one of their best quarters since 2016, with 52% year-on-year shipment growth. Desktop shipments were up by 23%,” the market research firm added.

Simpliwork to lease 1.2 million sq ft of managed space in FY22

In 2021, there is huge change post the second wave. Employers who restricted their office footprints last year are confronted with two realities — their headcounts are up as there is significant business coming to India, pa

Focussing on enhancing Chennai, Hyderabad contribution: Pavitra Shankar, executive director, Brigade Enterprises

In terms of sales, Brigade recorded its highest ever yearly sales of 4.6 MSF in FY21 in the residential space.

Pavitra Shankar, executive director, Brigade Enterprises

Blackstone acquires warehouses from TARC for Rs 295 cr

The Delhi-based developer, earlier known as Anant Raj Global, said the deal is part of its strategy to maintain focus on core development projects and unlock higher value through strategic and key land parcels in New Delhi.


Domestic data centre sector to add 508 MW capacity by 2023

Demand has been expanding rapidly due to increasing digital usage emerging from distributed workforce, growing data security concerns and business disruptions.

Provident Housing to account for 50% of Puravankara’s launch pipeline in FY22, says managing director Ashish Puravankara

The ready-to-move-in inventories have significantly declined over the last few quarters. Launch of Woodfield in June 2021 saw a phenomenal response and we sold almost 80% of units on the first day of launch.

Ashish R Puravankara MD Puravankara

Virtual view: Online house hunting rises; physical visits reduced to less than half during pandemic

In April-June 2021, when India faced the most virulent wave of Covid infections, online searches rose steeply in Delhi-NCR, particularly in June.

In April-June 2021, when India faced the most virulent wave of Covid infections, online searches rose steeply in Delhi-NCR, particularly in June. On the other hand, housing sales, too, picked up in the quarter with most buyers finalising their purchases in June.

Housing sales in 2023 expected at 3.17 lakh units: Anarock

However, it is unlikely that residential sales in the domestic market will be able to match the 2014 peak “anytime soon”, a report by Anarock Property Consultants said.

Anarock Property Consultants chairman Anuj Puri the said housing sector had showed healthy year-on-year growth since 2017 until the latest peak year of 2019 (2.61 lakh units), but this trajectory was derailed by the pandemic.

Companies tune in as India’s market for hearables expands

More than 40 brands have entered this market since 2020. In the next quarter, we will see the entry of more brands (like Nothing Ear, Dizo and Micromax) across price tiers to grab a larger share of this untapped market,” se

The market’s growth saw some resistance during April due to COVID-19 restrictions, including on e-commerce giants in some parts of the country.

Warehousing: Growth’s on a solid foundation

With Covid-19 serving as latest catalyst for sector, leasing is expected to touch a high of 100 mn sq ft by 2023 as e-commerce and manufacturing expand base in the country

Another factor driving the warehousing story is the exponential growth in e-commerce and online shopping, which has propelled businesses to ramp up supply and storage to improve delivery.

INTERVIEW: Covid-19 has shifted focus from materialistic to experiential attainment, says Aditya Kilachand, founder and CEO, Avas Wellness

Speaking to Rishi Ranjan Kala, he pointed out that the project aims to merge traditional and modern concepts of holistic living that are customised to reflect individual tastes and preferences.

PC shipments cross 3 million units for second consecutive quarter in Q2 2021

Shipments of personal computer desktops, notebooks and work stations surpassed the 3-million units mark during the April-June quarter, registering a growth of 52% year-on-year. This is the second consecutive quarter when ship

indian PC market

Covid third wave, components shortage may skew India smartphone shipments in H2

Market research agencies IDC and Canalys have said the domestic smartphone market during July-December 2021 is unlikely to see the surge in pent-up demand witnessed during the same period last year.

Nevertheless, a rebound in 2022 will be possible with upgraders in the low-mid price segments, supply-led push of 5G devices, feature phone migration with new offerings expected in upcoming months (as announced by Reliance Jio), and better supplies to market, he added.
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