Rentals under pressure due to rising vacancy, supply additions
Technology, BFSI, consulting and manufacturing occupiers are likely to lead the demand in 2021. Several occupiers will continue with hybrid workplace strategies in the coming months that will result in asset light portfolios,
India, Africa to drive refurbished smartphone market, says report
Due to the sharp deceleration in H1 2020, mainly due to Covid, the refurbished smartphone market saw a rise in demand and supply in H2 2020.
Need for houses in small cities will always grow, demand will be organic: Rajan Gupta, vice president, Omaxe
In commercial, we are focusing on another phase of our World Street project in Faridabad. In residential, we are launching 100 acres of plotted residences in Faridabad.
Work from home pushes IT professionals to reverse migrate to non-metros, suburbs
With most offices still shut, many millennials are also relocating to their hometowns, thereby saving rent and spending more time with family.
Avigna group to develop 5 million sqft of warehousing space in East, Northeast
The Bengaluru-based group has already launched such projects across south India, developing 10 MSF of warehousing space. It is also setting up a 2MSF facility in Bhiwandi (Thane). All the projects will be completed in phases.
Mumbai, Delhi-NCR have highest inventory overhang among top-eight cities: PropTiger
It will be more a supply driven price increase as it will become very difficult for developers to continue to supply at current prices, Rangarajan explained.
Covid Impact: Credai survey reveals bleak housing market scene
The first national developer survey by an industry body to analyse the after-effects of the pandemic’s deadly second wave further paints a grim picture for the country’s second-largest employment generating sector.
Covid impact: Demand for office space to remain flat in 2021
India’s net office absorption stood at 4.39 MSF in April-June 2021, up 32% year on year (Y-o-Y). However, on a sequential basis, demand fell 16%. As in the last three-four quarters, during Q2 2021 the demand was largely led
One-third workers globally to work remotely by 2022: Gartner report
1 in 3 Indian employees to work remotely by 2022
Counterpoint Research: ‘1 in 4 mobiles sold globally was purchased online in 2020’
Counterpoint Research said that online sales accounted for about 26% share of the global mobile phone market in 2020, which means that one in four mobile phones sold was purchased online. “Covid-19 had a big role in this ch
Jaypee Infratech case: YEIDA agrees with creation of SPVs, but final nod after competent authority approval
The concession agreement was signed between YEIDA (then Taj Expressway Industrial Development Authority) and JAL in February 2003. JAL's rights were transferred to a SPV, JIL in October 2007. The concession period is for 36 y
Covid Disruption: PC shipments under cloud as economic activity down
“In addition, OEMs prioritising fast-moving markets, such as the US and Western Europe, and diverting the bulk of their inventory to these markets, has further aggravated the situation. For most of this year and next, India
Demand for flex spaces is picking up in tier-II cities: Harsh Lambah, country manager for India, IWG
For customers, we rolled out Covid-specific offers to make sure they have the cash flow to focus on their business because their success allows us to grow as well. We have done that through wave two.
Jaypee Infratech resolution: Committee of Creditors of JIL to vote on NBCC, Suraksha bids next week
This is the fourth round of the bidding process in JIL’s bankruptcy case. The company went into the insolvency process in August 2017 after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-le
Jaypee Infra: Market value of Yamuna e-way higher than liquidation value, says NBCC
The state-run company emphasised assenting financial creditors (AFCs) can realise up to Rs 4,000 crore for the 90% stake in the e-way SPV being offered to them as part of the insolvency resolution process.
Jaypee Infratech acquisition: Suraksha Realty seeks week for new bid; NBCC submits plan
In November 2019, the Supreme Court directed the completion of JIL insolvency process within 90 days and ordered that the revised bids to be invited only from NBCC and Suraksha group.
Real Estate: Noida leads in office space uptake in Delhi-NCR, pips Gurgaon
Noida is attracting corporates as it boasts of better road and metro connectivity, affordable housing, abundant power, Grade-A offices, competitive rentals and upcoming international airport and logistics hub. But, analysts p
Model tenancy act to strengthen organised rental housing in India
The development comes at a time when the country faces shortage of proper rental housing facilities, especially for the lower-income groups and migrant workers, while there are over 1 crore flats vacant in urban areas.
‘After Covid, homebuyers exploring risk-free options with good yield’: Ashish Puravankara, MD, Puravankara
Mumbai Metropolitan Region has continued to one of the most favoured investment destinations globally. With an uptick in demand for luxury housing, especially during last year, it is well-positioned for exponential growth.
Pandemic pushes up demand for fitness wearables; watches fastest-growing category in Q1
The overall wristwear category, including wrist bands and watches, grew 74.8% y-o-y in the first quarter.
NBCC, Suraksha get time till June 4 to submit revised Jaypee Infratech bids
Sources said that around 75-76% of the CoC members voted in favour of allowing time from May 29 to June 4 to both the resolution applicants to submit their final bids for JIL. Subsequently, the lenders’ panel cancelled the
Hudco approves Rs 2,000-crore credit line to NBCC for JIL bid
NBCC submitted its revised bid to Hudco on May 22, with the approval of the ministry of housing and urban affairs (MoHUA). In a letter to Hudco, NBCC requested for a letter of comfort (LoC) for financing Rs 2,000 crore, as pe
Ready to submit fresh bid satisfying IRP’s observations, says NBCC
The softening of stance by NBCC comes after the company, on Sunday, wrote a strongly worded letter to Jain over his observations that its revised resolution plan was non-compliant with certain provisions of the IBC and the CI
Jaypee Infratech resolution: Lenders defer voting on Suraksha Group’s offer to acquire bankrupt firm
If the proposal to give a week's time to both the parties to submit their revised bids does not get the CoC's approval then, in all probability, Suraksha’s plan will be put to vote, sources said.
Covid-19 effect on real estate: Farmhouses script turnaround as rich prefer open green space
However, luxury farmhouses are largely a Delhi-based phenomenon and is not a preferred choice in cities like Bangalore and Kolkata, he pointed out.
CoC rejects NBCC bid; says third-party securities held by IFCs are additional security interest
In its revised resolution plan, NBCC proposed that DFCs would be allowed to enforce security interest, forming a part of the institutional financial creditors’ (IFCs') security interest, but only to the extent of the liquid
Indian PC market registers highest Q1 shipments in January-March 2021
IDC said PCs were in high demand because enterprises, SMBs, and consumers continued their purchases. Besides, supply has been inconsistent over the past few quarters and demand continued to outstrip supply for the country.
Advertisement
Most Read
- RIL Q1 results HIGHLIGHTS: Reliance Retail net profit more than doubles on-yr; Jio net grows 45%
- Covid LIVE: India’s cumulative vaccination crosses 42.75-crore-mark; 17,518 new COVID-19 cases in Kerala; Mumbai reports 374 new cases
- How to get regular monthly returns with capital appreciation in the long term?
- Tokyo 2020 Olympics open sans customary razzle dazzle: Check out Opening Ceremony images
- Reliance Jio profits jumps 44.9% to Rs 3,651 cr with net addition of 14.3 million subscribers during Apr-June
- How will RBI's CBDC impact bank deposits, payments and private cryptocurrencies? 5 points
- Pegasus spyware: Telegram founder says he was aware of being a target since 2018
- INS Tabar reaches Moscow to take part in the Russian Navy Celebrations
- Zomato listing HIGHLIGHTS: Share price ends first day of trade at Rs 126; jumps 66% from IPO price
- Amazon Prime Day to enable small businesses bounce back and generate demand, said its MSME Director Pranav Bhasin
Advertisement
Top News
- RIL Q1 results HIGHLIGHTS: Reliance Retail net profit more than doubles on-yr; Jio net grows 45%
- Covid LIVE: India’s cumulative vaccination crosses 42.75-crore-mark; 17,518 new COVID-19 cases in Kerala; Mumbai reports 374 new cases
- How to get regular monthly returns with capital appreciation in the long term?
- Tokyo 2020 Olympics open sans customary razzle dazzle: Check out Opening Ceremony images
- Reliance Jio profits jumps 44.9% to Rs 3,651 cr with net addition of 14.3 million subscribers during Apr-June
- How will RBI's CBDC impact bank deposits, payments and private cryptocurrencies? 5 points
- Pegasus spyware: Telegram founder says he was aware of being a target since 2018
- INS Tabar reaches Moscow to take part in the Russian Navy Celebrations
- Zomato listing HIGHLIGHTS: Share price ends first day of trade at Rs 126; jumps 66% from IPO price
- Amazon Prime Day to enable small businesses bounce back and generate demand, said its MSME Director Pranav Bhasin
Advertisement
