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Office leasing touches 50 million square feet in 2018: Colliers

Gross leasing activity is recorded at 50 million square feet in 2018, highest in last eight years driven by buoyant leasing in Bengaluru and NCR. Compared to the previous year, gross leasing increased by 17% as occupiers continued to expand and consolidate. The top 3 sectors contributing to gross leasing were IT-ITeS with 43%, flexible workplaces with 14% and BFSI with 12% share.

Reports Real estate job, real estate career, Property sector employment, Indian real estate employment, Career with real estate, Developer as employer, India real estate news, Indian real estate newsmagazine, India property market, Track2Media Research, Track2Realty
Quality talent not attracted to real estate

Young qualified professionals either do not opt for the sector, and even when they do so, they find it hard to continue in a business where the eco system is all about probability and uncertainty; forget about the lack of work culture. And hence, in most of the corporate offices of the developers it is easy to find old and grey-haired people than the vibrancy of the young work force.

Reports Home buyer confidence, Home buyer survey, Home buyer sentiment survey, Real estate sentiment survey, Property market survey, Consumer confidence in real estate, Home buyers sentiment survey, Property market survey, India real estate news, Indian realty news, Real estate news India, Property market news India, Track2Realty
Consumer confidence in real estate hits 10-year low

The low consumer confidence has been linked as much to peoples’ lack of confidence in their own ability to pay as with the employment uncertainties. Collectively, the buyers’ risk aversion in today’s economy as well as the developers’ unfair business practices have eclipsed real estate like never before.

Reports Salarpuria Sattva Knowledge Park, Salarpuria Sattva Knowledge City, Hyderabad commercial projects, HITECH City Hyderabad office space, Best office space in Hyderabad, India real estate news, Indian realty news, Real estate news India, Indian property market news, Investment in Hyderabad property, Track2Realty
Top 10 office micro markets with high rental growth in Q3 2018

India witnessed a robust demand for office spaces in Q3 2018, recording approximately 12.3 million sq ft of gross absorption, indicating a 23% growth over the corresponding period last year. As a result of rising demand coupled with lowering vacancies in premium Grade A buildings, the office rental values have recorded an increase in select micro markets across cities.

Reports Navi Mumbai Airport, NAINA, CIDCO, Navi Mumbai Airport influence Notified Area, Navi Mumbai Airport delayed, International airport in Navi Mumbai, Property prices In Navi Mumbai, Property rates around Navi Mumbai airport, India real estate news, Real estate news India, Indian property market news, Track2Media Research, Track2Realty
Navi Mumbai homebuyers excited with airport

With the expectations of Navi Mumbai International Airport becoming a reality, the property market is suddenly back in the demand. This has also made the mood of the Navi Mumbai residents very upbeat. They believe the real rise and growth of Navi Mumbai is not behind but ahead.

Reports india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property
Only 4.3% of overall urban housing shortage met with PMAY

Housing Shortage in the urban areas is particularly high in Economically Weaker Sections (EWS) at 10 million units, followed by 7.4 million units in Lower Income Group (LIG).Until now, Central assistance to the tune of INR 13,583 Crore has been released and Interest subsidy of INR 1,859 Crore has been credited. Under the PMAY(U) scheme ( as per 8thJuly 2018 release by Ministry of Housing and Urban Poverty Alleviation, Government of India), 51 lakh units have been approved, 28 lakh units have been grounded and only 8 lakh units have been completed.

Reports REIT, Real Estate Investment Trust, REITs in India, REITs success in India, Embassy-Blackstone REIT, Investment in REIT, REIT consumer survey, Buyers view on REIT, India real estate news, Indian realty news, Real estate news India, Indian property market news, Investment of REIT, Track2Realty REIT Survey
REITs fail confidence test of Indians

REITs or Real Estate Investment Trusts might be the most debated and expected development in the Indian real estate, but a majority of Indians are yet not convinced how will it operate. Even more in number are questioning the opinion of experts as far as its lucrative ROI (Return on Investment) is concerned. The Indians believe given the market uncertainties REITs won’t be the game changer for the Indian real estate, unless the returns are really tempting.

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