Sri Lanka, India developers compete for national accolades at 2021 PropertyGuru Asia Property Awards
South Asia’s finest real estate companies and developments to be laureled in innovative virtual gala events
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Leasing of office spaces in India’s top eight cities increase to 12.5M square feet
The sharp uptick can be attributed to economic recovery and workforce return to the office
Indian retrofitted office buildings have potential value of $1.28 billion
Once upgraded, the buildings will become more investible and adept to be bundled into a REIT
Indian city launches tax payment software to turn into paperless office
The new system will make property tax payment convenient for residents
Impact of COVID-19 on office space design
Madhav Raman, Co-Founder, Anagram Architects explains the impact of COVID-19 on office space design at the PropertyGuru Asia Property Awards (India) 2021
Repair and maintenance of concrete surfaces and structures of a building is important
Madhav Raman of Anagram Architects talks about the importance of routinely conducting structural safety audits
Mumbai, India records more than 6,000 property registrations in August
Registrations fell 32 percent from July, but over two-and-a-half times increase compared to August last year
Indian real estate now a buyer’s market, fuelled by proptech
The industry, long known for its hesitation towards digitalisation, was motivated to adapt because of Covid-related restrictions
Housing sales in India encouraged by lower lending rates and policy impetus
Sales activity was led by Pune with 26 percent share, followed by Mumbai with 19 percent
2021 PropertyGuru Asia Property Awards (India) programme builds confidence in post-pandemic South Asian market
New categories in contention at the local edition of the region’s most prestigious real estate awards programme
New office supply in India rose by 4% in H1 2021
Bengaluru, Delhi, and Mumbai made up around 69 percent of the total leasing activity in H1 2021 across the country’s top cities
Indian government offers property tax waiver for hoteliers and restaurateurs
The state of Gujarat also announced that fixed electricity charges have been waived, so hoteliers and restaurateurs only have to pay for what was used
The impact of work-from-home trend on India’s office space market
A recent survey revealed that 83 percent of employees favoured a hybrid work model that allows remote working up to 75 percent
India’s flexible space supply expected to grow by 10-15% in next 3 years
Report indicates that as of Q1 2021, Bengaluru holds the highest amount in the country, followed by Delhi-NCR and Hyderbad
Slum households in India are given property rights via Basera scheme
Urgent completion of the transfer of proprietary rights to 10,000 households in the next four months is called upon
Indian real estate thrives: Analysts anticipate $36bn REIT listings in 2021 and beyond
To date, the office market in seven major cities boast potentially 284 million square feet of space
Mumbai sees highest yearly decline in unsold housing stocks
The Mumbai region saw the highest reduction in the last seven years, a decline of 8 percent
Indian real estate gets dose of reforms for increased transparency
The country’s notoriously graft-prone real estate sector is growing more transparent, thanks to government regulations and the introduction of REIT frameworks
More office spaces to be shutdown in India
Office space providers weren’t expecting recovery from the pandemic to delay for this long
Revenue through property registration slightly revives in Chennai
Experts say the slow revival is due to secondary investments in Chennaiites’ hometowns
India aims to attract overseas capital by easing foreign investment rules
A plan to authorise limited liability partnerships is under discussion
South Delhi Municipal Corporation withdraws plan to hike property tax
Increasing tax properties is not an effective solution in increasing revenue
Moody’s: 2021 looks brighter for Indian corporates
Moody’s pointed out that lockdowns cannot be eliminated yet, as recovery would remain slow
DUSIB instructed to quickly issue flats to low-income sector in Delhi
Delhi Chief Minister directed allotment of flats to slum dwellers