A new report indicates that the Indian realty sector may face an oversupply of office spaces, leading to declining rentals and increasing vacancy rates.
The realty market witnesses a resurgence in demand for luxury homes, not just in prime locations like Bangalore and Mumbai but also in tier-II and tier-III cities like Nagpur and Ahmadabad.
The real estate sector's growth has been significant, but challenges due to varying laws across states hinder a national presence for developers.
Integrated commercial spaces, mirroring residential complexes, are gaining traction in India, offering office spaces, hotels, and retail areas within a single development.
Senior housing is emerging as a promising real estate sector in India, driven by changing mindsets, financial independence, and a growing senior population.
JLLM report predicts rising residential property prices in Mumbai and growth in commercial real estate demand until the end of 2010, supported by infrastructure projects.
Office rentals in India stabilized in the September quarter, with varied trends across cities. Economic improvement and corporate confidence drive demand.
British developer Berkley Group targets Indian investors with London properties priced Rs 2-8 crore. JLLM predicts £15 billion investment by Indians in UK real estate by 2018.
Textile mill and manufacturing unit closures create surplus industrial real estate, impacting rentals and demand in major industrial belts.