Rishi Ranjan Kala

Articles By Rishi Ranjan Kala

428 Articles

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.

“Global refurbished smartphone market saw healthy growth across most regions in H2 2020. The market more than made up for the slump in H1 2020 with a modest 4% increase in 2020 compared to 2019 volumes. Counterpoint expects a higher increase in 2021,” the agency said.

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.

Rajan Gupta, VP (business development & corporate strategy), Omaxe

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.

work from home, IT professionals

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.

Mumbai, Delhi-NCR have highest inventory overhang among top-eight cities: PropTiger

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.

The survey was conducted from May 24 to June 3 and included 4,813 developers from 217 cities across India.

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

During January-June 2021, net absorption declined 19% Y-o-Y to 9.63 MSF. Bengaluru and Pune accounted for nearly 60% of the share. These two markets and Kolkata were the only cities that reported growth in demand in the first half this year compared to H1 2020.

One-third workers globally to work remotely by 2022: Gartner report

1 in 3 Indian employees to work remotely by 2022

Gartner’s senior research director, Ranjit Atwal, said hybrid workforce is the future of work, with both remote and on-site part of the same solution to optimise employers’ workforce needs.

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

The report anticipates the trend of increasing online share of handsets will slow down for some time and 2021 will be similar to 2020 or slightly lower.

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

Jaypee Infratech

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

Besides, Aithal noted that India could soon become a major manufacturing hub for PCs, as the government has extended its production-linked incentive (PLI) scheme for smartphone manufacturing to the PC industry.

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.

Harsh Lambah

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 Infratech

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

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.

Jaypee Infratech

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

During the January-March 2021 quarter, Delhi NCR witnessed a net absorption of 1.07 million sq ft (MSF), a 5% growth Q-o-Q, JLL India said, adding that Noida contributed 55% of the net absorption followed by Gurgaon at 38%. Noida has been consistently outpacing Gurgaon since April-June 2020.

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.

rental housing in India

‘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.

We aim to enable customers to benefit from a fruitful investment and enjoy greater flexibility concerning the layout, design, and function of the space.

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

Jaypee Infratech

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

We aim to enable customers to benefit from a fruitful investment and enjoy greater flexibility concerning the layout, design, and function of the space.

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

“However, we have noted that the CoC shall be deciding further course of action after completion of voting on May 27-28 and in case NBCC is asked to submit a revised plan, we shall do based on your observations to your satisfaction for the benefit of all the stakeholders, primarily the homebuyers who should not suffer due to differing legal interpretation,” NBCC said. (Representative image)

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.

On Sunday, Suraksha Group had warned of legal action against CoC as well as the IRP if there was any delay in the scheduled voting process.

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.

This number is likely to grow further as the demand pipeline is very healthy, he noted, adding, “This 20% may become 25-30% in the next 6-8 months as people are opting for larger standalone spaces with more play area, office area, etc.”

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

This includes guarantee security interest and promoter security interest, sources said.

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.

Key customer wins and better supplies in January-March 2021 helped HP regain the market leading position.
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