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.
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.
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.
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
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
Real Estate: Hyderabad now India’s top commercial realty market
Gross office space demand was highest in city for 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
Realty Report: Delhi-NCR to trump last year’s housing demand
However, still short of levels before pandemic
Commercial real estate: The curious case of vacant office spaces
For second time since 2017, vacancy levels have breached the 13-14%-mark
‘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.
Private Equity investment: $1.8 billion for real estate in H1FY22
However, average ticket size of deals declined 32%
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.
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.
Office buzz gets louder in Bengaluru, Chennai, Hyderabad with double-digit rise in rentals
NCR, Mumbai figures remain flat for past couple of years
WFH Effect: Dying category of tablets gets revived as demand increases
India’s PC shipments shoot to 5-year high of 4.1m units
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.
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.
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.
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.
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
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
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
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.
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