Artificial Intelligence (AI) is set to revolutionize the commercial real estate industry, with applications ranging from predictive analysis to enhanced marketing strategies.
The Indian real estate market is poised for growth in 2024, with opportunities in residential, commercial, and industrial sectors. Challenges include regulations and infrastructure deficiencies.
A report indicates India needs 2 billion sq ft of healthcare space due to a bed shortage relative to its population. Medical tourism and demographic shifts drive demand.
Prime Minister Modi inaugurated Yashobhoomi, India's largest convention center, in Dwarka, Delhi, aiming to boost the nation's conference tourism and real estate.
Tenants of commercial spaces will pay 18% GST on electricity charges bundled with rent. However, actual cost recovery by real estate owners acting as agents is exempt. Experts debate the implications.
The supply of commercial real estate in India's major Tier-1 cities increased by 7% in Q3 2023, reaching 14.61 million square feet. Hyderabad and Bengaluru led the growth.
The Kerala Shop and Establishment Act, 1960, ensures businesses are legal and employee rights are protected. It covers registration eligibility, process, and key regulations.
Commercial real estate investment in Noida is surging due to high demand, infrastructure, and connectivity. The city offers various commercial property types including office, retail, industrial, and more.
Commercial real estate (CRE) and residential real estate (RRE) each have unique investment characteristics. CRE generally offers stable income, while RRE requires less capital.
Key differences between commercial and residential real estate agents and the potential for cross-selling are explored.
The Indian real estate market is projected to significantly grow by 2040, driven by infrastructure developments and foreign investments, enhancing its profitability and demand.
Knight Frank India's report forecasts a stable year for India's real estate sector in 2022, with a 5% rise in housing prices and growing demand for office space.
Karnataka Government plans to cut guidance values by December, potentially boosting the property market. A lower guidance value is expected to increase property registrations and government revenue.
Due to the Covid-19 pandemic, approximately 25 commercial projects in Ahmedabad have been converted into residential housing schemes, driven by housing demand.
Greater Noida Authority has decreased real estate transfer fees on resale properties. For residential properties, transfer fees have been reduced to 2.5%.
Gujarat govt. announced 100% property tax exemption for hotels, restaurants, resorts, and water parks for FY2021-22, alongside revoking flat electricity bills, offering substantial relief to the hospitality sector.
Century Real Estate secures Rs 175 crore from PAG for luxury housing project in North Bangalore, aiming to accelerate construction and repay debts.
Life insurance giants like LIC, HDFC Life, ICICI Life, and SBI Life are set to boost infrastructure investment via InvITs and REITs, following IRDAI's approval.
India's second COVID-19 wave threatens real estate recovery, impacting office and housing markets. Experts predict varying effects on sales and demand.
The co-working sector in India is showing signs of recovery post-pandemic, with calls for government support and recognition to bolster growth.
New Delhi to see over 2.5 million sq. ft. of new commercial real estate in the coming quarters. Redevelopment of New Delhi Railway Station is also underway.
South Bangalore, particularly Kanakpura Road, sees high demand for new flats, especially among young professionals. East Bangalore also experiences strong demand, with areas like Whitefield and Electronic City attracting interest for 3BHK flats.
Investors Clinic, a Noida-based real estate consulting firm, is expanding to Mumbai, Bangalore, and Jaipur. Driven by strong growth in these markets, the company aims to triple its growth in 5 years by partnering with leading developers and leveraging its expertise.
India's affordable housing schemes gain infrastructural status, boosting demand and lowering costs for builders and homebuyers alike.
The Madras High Court has reinstated the ban on registration of unapproved plots in Tamil Nadu and seeks details on applications violating the 2016 ban order. A special sitting is planned to address the issue.