Rishi Ranjan Kala

Articles By Rishi Ranjan Kala

377 Articles

Noida strong competitor to Gurgaon in commercial realty

Nair pointed out that the biggest challenge with Gurgaon is availability of high quality office supply coming in at regular intervals. “As an occupier you cannot wait years for space to come. You need space coming up every

JLL managing director (north & east India) Manish Aggarwal said, “There is huge cost arbitrage when compared to other such office assets in NCR.

Covid-19 Impact: India’s notebook shipments at all-time high level in 2020

The year 2020 ended as the biggest year for notebooks with 7.9-million-unit shipments during the year, a y-o-y growth of 6%. Had the industry not been challenged by component shortages, notebook shipments could have been much

This led to a 6.4% y-o-y decline for the overall PC market in 2020 to 10.27 million units.

Flexible office space industry to witness large-scale churn

JLL India, in a report in November 2020, had said the Indian flex space market was in the midst of a strong growth cycle until it started facing headwinds due to the Covid-19 pandemic. The supply boom resulted in a significan

Covid forces office space providers to ramp up service quality at competitive rates

Prestige partners Awfis to offer flexible office space solutions

At present, the flex space solutions provider has 75 centres and 40,000 seats across 11 cities.

Max Estates leases 80,000 sq ft office space to Cyril Amarchand Mangaldas

Built with an investment of about Rs 600 crore with a net leasable area of over 5.3 lakh sq ft, Max Towers is a 21 storey Grade-A commercial office tower in Noida.

The company said that post the leasing out to CAM, the total area given on lease at Max Towers is around 90%. (Representative image)

Consumer Preferences: No effect of border tensions with China on Indian smartphone choices

During Q4 2020, Xiaomi shipped 12 million units consolidating its lead with 27% market share followed by Samsung with 9.2 million shipments and a market share of 21%.

The pandemic has fueled the desire for consumer tech ownership, he added.

Demand for warehousing to remain strong in 2021

Gxpress director Praveen Vashistha said that warehousing, which comprises around 10% of the overall logistics cost, has a significant impact on optimising the remaining 90% that includes transportation, inventory management,

Logistics solutions major DB Schenker points out that the industry is growing at a CAGR of 10.5% in India and is further expected to rise with the Covid-19 vaccine distribution.

Chinese brands continue to dominate Indian smartphone market

Hold 75% market share in 2020 despite anti-China sentiments

India’s mobile handset market declined 9% y-o-y in 2020 due to a decline in feature phone shipments. The feature phone market registered a 20% y-o-y decline last year as consumers in this segment were the worst hit by lockdown.

Luxury housing in south India largely resilient to pandemic-induced downturn

The momentum in luxury real estate in south India in the last few months is expected to continue in 2021, especially in the IT-ITeS and manufacturing-driven cities of Bangalore, Hyderabad and Chennai.

Square Yards principal partner & head (India sales) Rahul Purohit emphasised that southern cities like Hyderabad, Bangalore and Chennai have historically been relatively more resilient to market dynamics.

Panel for leeway for LLPs to raise long-term debt

The CLC, which was set up in September 2019, also recommended creation of a new class of limited liability partnerships (LLPs) — small LLP — to promote the ease of doing business, especially in the MSME sector.

Currently, LLPs can only contract loans or raise money through capital contribution.

Luxury housing sales rise in Delhi-NCR

BPTP’s senior VP (sales & marketing) Amit Raj Jain points out that there is a lot of traction on properties upwards of Rs 1.2 crore, as people started to realise that this is the best time to buy houses.

In 2019, total sales were 46,910 units, of which 3% was luxury. (Representative image)

Now, affordable becomes attractive for Haryana millennial homebuyers

The Haryana government has notified amendments to its affordable housing policy (AHP), 2013, with change in minimum area limit, project area limit, increase in commercial component and parking provisions.

Despite corona vaccine, 2021 brings little hope for shopping malls

However, mall owners, many of whom have extended slab-wise discounts till March, say that rents are already down by as much as 25% in some places and rentals as well as footfalls would now be determined only after government

Millennials and metros moving apart, thanks to WFH

Analysts say with companies looking to have 15-25% of employees working remotely, future homebuyers or even those living on rent will explore peripheral areas for a better lifestyle at lower costs. The trend is gaining more p

Noida, Greater Noida fast emerging as commercial hotspots in Delhi NCR

As per Anarock research, the average monthly rentals for Grade-A offices in Noida is between Rs 50-80 per sq ft, while in Gurgaon, it is in the range of Rs 85-125 per sq ft in prime areas.

After record October sales, smartphone market will witness lean period in Nov-Dec: IDC

Smartphone shipments rose 42% year on year in October driven by multiple online festival sales and continuing pent-up demand from Q3 2020. The shipment figure of 21 million units was the highest ever for October and the secon

IDC India associate research manager (client devices) Upasana Joshi said while 140 million smartphones were sold in India in 2019, IDC expects 2020 to exit with a single-digit decline in final sales to consumers.

After boom, apartment sales could go bust

Anarock Property Consultants chairman Anuj Puri expressed similar views. “What we are seeing right now is an organic pent-up demand driven by the desire to own homes, further accelerated by schemes and offers.”

The ratings agency expects the momentum to continue in the second half of FY21.

Bengaluru key growth driver, share from other markets to rise in 2-3 years: JC Sharma, vice-chairman and MD, Sobha

Volumes from markets other than Bengaluru should keep improving in the foreseeable future at a faster pace on a lower base, while Bengaluru will grow on a higher base, but at a lower pace.

JC Sharma, vice-chairman and MD, Sobha

Covid spurs record demand for wearables in July-September

Increased demand for wireless devices pushed the ear wear category to hit its all-time high in shipments in the country, witnessing a 261% y-o-y growth in Q3 2020.

Watches grew at almost 120% y-o-y in Q3, with 7,78,000 units shipped, making it their biggest quarter since the launch of the category in India. (Representative image)

Covid-19 impact: Commercial real estate in dire straits with WFH

Savills in a recent report said Covid has opened conversations around contractual obligations, lock-in periods, exit notices, force majeure clauses, etc, from both a developer and occupier perspective.

economic recovery, formal sector, large companies, small companies, recovery in sectors

Need for space drives demand for luxury houses

His reasons behind the switch are compelling — an integrated township with large green spaces, dedicated work areas and extra frills such as club house, gym, yoga studio, pollution and hygiene control thrown in.

Apart from HNIs, non-resident Indians (NRIs) have also spotted their remunerative path to invest in products in this category, Ohri noted.

Coronavirus impact: Demand for houses in Tier II towns accelerates

Analysts point out that the trend to move to Tier II & III towns has been there for the last six-seven years as economic growth trickled to smaller towns and the digital economy proliferated.

Data centre capacity to treble by 2025: Analysts

According to a report by Crisil, industry capacity is likely to expand over three-fold to hit 1,100-1,200 MW by FY25

Crisil says the huge demand for storage is being driven by exponential increase in data volume and penetration (around 75% by fiscal 2025).

Covid-19 pandemic boosts demand for personal computers in India

Schools and colleges continued to function virtually, leading to a surge in demand for consumer notebooks, especially in large cities.

Interview: ‘Mid-income housing to be big growth driver for us,’ says DLF CFO Vivek Anand

Mid-income housing (Rs 70 lakh-Rs 1.5 crore) has become popular with some developers. One of the behavioural changes emerging out of Covid-19 is the growing demand for more evolved personal living spaces. Gurgaon-based develo

Reason to celebrate: With gifts galore, it’s home sweet home for buyers

Flexible payment, maintenance waivers, penalty for late possession making homes cheaper

Another reason behind the promotions is a gradual uptick in demand.
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