Indian Property

In the contemporary workplace, the demand for robust security and streamlined office management has never been higher. Traditional locks are gradually being replaced by advanced access control solutions like digital locks, biometric systems, and access cards. These technologies not only enhance security but also contribute to improved efficiency. Commercial real estate are face higher risks and threats of burglaries and break-ins due to the high value associated. In this article, let us explore how these systems play a vital role in the better management of office spaces.     1. Digital Locks: Enhanced Security Measures Digital locks, functioning electronically, provide an elevated level of security by permitting access exclusively to authorized personnel. With features such as audit trails, administrators can closely monitor access events, fostering increased accountability. An additional advantage lies in their capability to swiftly adjust access permissions in response to ...

Group 108, a prominent player in the real estate sector, is set to redefine the retail and commercial landscape of Noida with their ambitious project, One FNG by Group 108. The project is now registered with Uttar Pradesh RERA, bearing UP RERA Registration Number: UPRERAPRJ279516. (Visit www.up-rera.in for details of the project.) Boasting nearly a million square feet of high-end retail space, this venture is poised to become a hub for both investors and shoppers seeking a premium experience. A Retailer's Paradise One FNG stands out with its impressive array of offerings, including upscale stores, showrooms, dining establishments, and entertainment venues. From a state-of-the-art movie theater to elegant wedding areas and a curated jewelry store, One FNG promises a comprehensive experience for all visitors. Noida: A Thriving Business Hub Noida, situated in close proximity to Delhi, has evolved into a bustling city, emerging as a thriving center for business and commercial activiti...

In commercial real estate, the old adage "Location, location, location" holds particular significance, and this is especially true in the context of the Indian real estate market. A well-chosen location can elevate the value of your office space investment, while a poorly selected one can lead to stagnation or financial setbacks. In this article, we'll delve into why location is a pivotal factor when investing in office spaces in India, and explore various aspects of location that merit careful consideration.   Proximity to Transportation Hubs In India's bustling cities, proximity to transportation hubs is paramount for any office space investment. Accessibility is not just a convenience but a necessity for employees and clients alike. Here are some key points to bear in mind:   1. Employee Accessibility: Is the office space easily accessible by public transportation, such as buses, metros, or trains? Are major roadways nearby for employees who commute by car? As...

Group 108 is preparing to soon launch a new commercial project in Noida's Sector 142. The project, which is currently in its planning phase and yet to be officially launched, holds immense potential to reshape the commercial real estate scenario in the locality of Noida Expressway.   Group 108's Ongoing Endeavor: Grandthum in Greater Noida West Amidst the anticipation surrounding Group 108 new-launch project in Sector 142, Noida, it's important to acknowledge their current engagement, "Grandthum," situated in Greater Noida West. Grandthum promises to be a landmark development, offering premium office spaces and retail outlets that cater expertly to the evolving needs of businesses and consumers. A Sneak Peek into the Future: Group 108's Vision for Sector 142, Noida While detailed specifics about Group 108's forthcoming project in Sector 142, Noida, remain undisclosed, industry observers anticipate an infusion of innovation, architectural distinction, and c...

Noida-based Bhutani Infra or Bhutani Group is planning to come up with a new commercial project in Noida Expressway - Cyberthum by Bhutani Infra . The proposed commercial project is yet to be formally announced & will be available for investment only after RERA registration is complete. Bhutani Cyberthum: New Project by Bhutani Group According to murmurs, Bhutani Infra Cyberthum -- the new launch commercial project in Noida Expressway is going to be developed on a land parcel close to the Noida-Greater Noida Expressway. The new project by Bhutani Group will also be in proximity with a metro station on the Greater Noida Aqua Line and not far from its under-construction commercial project Alphathum. The new commercial project is still in the starting stage of planning & the process of necessary approvals and mandatory RERA registration before it can be formally announced. Bhutani Group has had quite a successful run with its existing Alphathum Noida project, wher...

Real estate brokerarge company JLL India has released its retail real estate report at CII National Retail Summit 2017 in New Delhi. The report highlights the Indian retail sector’s growth potential in Tier 2 and 3 cities. In the report, JLL analyzes how mall withdrawals in Tier 1 cities have kept the vacancy levels stable. It has identified top 20 cities that will drive retail growth basis total retail stock, upcoming supply, retailer presence, retailer expansion plans and investments. Among the small towns and cities, Jaipur ranks 1st in total current retail stock, while Lucknow ranks 1st in upcoming retail supply. New Delhi, 1st December 2017: Leading international real estate consultants JLL India today released its latest retail report ‘Fuelling the Retail Revolution - The Paradigm of Emerging Cities’ in association with the CII National Retail Summit, 2017. In Delhi-NCR and Noida, commercial real estate projects such as Alphathum by Bhutani Group are already underway. Ple...

By Anuj Puri, Chairman & Country Head, JLL India Demand in 2016 pegged at around 10 mn sq ft, supply at 8-8.5 mn sq ft Bengaluru, which has a total stock of 96 million sq ft of grade-A (non-captive) office space, is currently staring at a shortfall in the supply of office space. Barely 4-5% of the total space is vacant for leasing as the tech city has witnessed strong leasing activity in the last few years. Even the existing vacancy is mostly in peripheral areas. In 2015, 14-15 million sq ft got leased out. This includes a good volume of pre-committed space too, which will be occupied over the next two-three years. Interestingly, the trend of leasing remains strong. Although there is demand for 10 mn sq ft, supply of only 8-8.5 million sq ft non-captive office space is expected to come up in 2016. Around 4 million sq ft were leased out by occupiers in 1Q16 alone. Compared to the total leased area in 2015, completion in the city stood at 7.2 mn sq ft last year. Bengaluru...

By Ashwinder Raj Singh, CEO – Residential Services, JLL India The most frequently-occurring type of disagreement in Indian real estate is land dispute. Cases range from of illicit land grabbing and illegal land sales to instances of purchase of land where no actual purchase has taken place – to name just a few. The real estate market has historically been plagued by such issues, and the current government’s initiative of facilitating e-registration to streamline the registration of immovable properties is an extremely progressive move which has been universally welcomed for its transparency and ease of use. E-registration has simplified the process for providing evidence of titles and facilitating transactions, and will go a long way in preventing the unlawful disposal of land. This online registration system effectively put paid to the various underlying problems and loopholes in the traditional land registration process, based on the Land Registration Act of 1925, which typical...

By Ashwinder Raj Singh, CEO – Residential Services, JLL India If you have some surplus funds and are looking to invest in a property purely for generating rental income , your chance for better yield requires you to educate yourself about the right opportunities and avoiding the wrong one properties. You should also know how the different rental markets (read ‘cities’) are performing across the country, and how you can make your potential rental income grow faster than the market trends. But first, you need to understand how the rental property business works in the first place. A central concept here is rental yield. Rental Yield What is rental yield of a property? In simple terms, rental yield is the ratio of annual rent of a property to the total cost of the property . For example, if your annual rental income is Rs. 1,20,000/- and the value of your house is Rs. 50 lakh, the rental yield will be 1,20,000/50,00,000, or 2.4%. Rental yields vary across the globe, but an a...

January 28, 2015: Knight Frank India today launched the second edition of its flagship half yearly report - India Real Estate Outlook. It presents a comprehensive analysis of the residential and office market performance across six cities for the period between July–December 2014. India Residential Overview Housing sales drop 17% across six cities- Will developers gear up to ride the recovery bus? Delhi-NCR sees the sharpest drop in home sales; Mumbai manages to scrape through All eyes on the Union Budget; focus on affordable homes & Infra to expand volumes India Office Overview Market heaves a sigh of relief; uptake happening across all regions Positive outlook on driver industries to aid office growth, even further Will REITs be the game changer? Patience & prudence will pay dividends Speaking about the findings, Shishir Baijal, Chairman & Managing Director, Knight Frank India said “2014 has not been a great year for Indian Real estate as s...

Are you looking for a residential project inNoida Extension (Greater Noida West)? Sikka Kaamya Greens by Sikka Group might be the right option if you are looking for affordable homes with good surroundings within your small budget. Sikka Kaamya Greens, Noida Extension (Greater Noida West), is a residential project by Sikka Group based on the green building concept. The project features rain water harvesting plant, garbage treatment plant, solar panel for lighting up street lights, waste-water treatment and huge lush green gardens in the surrounding area. It offers a serene and tranquil atmosphere for habitation to the residents of Sikka Kaamya Greens Noida Extension. Sikka Kaamya Greens: Affordable Eco-friendly Homes Sikka Kaamya Greens is located in Sector 10 of Greater Noida West (Noida Extension). It is in close proximity to all necessary social infrastructure such as schools and hospitals and also proposed metro station. All sorts of infrastructure facilities together wi...

By Rohan Sharma, Senior Manager – Research & REIS, JLL India Circle rate is the minimum value at which the sale or transfer of a plot, built-up house, apartment or a commercial property can take place. Market price is the value of such an asset for a transaction between a seller and buyer which is done at an arm length’s principle - with the price determined by the market forces of supply and demand. Circle rates are usually defined by the local state government’s revenue departments or the local development authorities, in line with what they perceive the prices at which property sale or transfer should be undertaken. As such, circle rate is usually a determinant or a reference rate at best. Market rates, on the other hand, are determined by the seller’s expectation of price and the buyer’s inclination to pay. Across all property markets in India, the circle rates are invariably much lower than the actual market rates. This is because: · Circle rates are not reviewe...

By Monesh Bhojwani, Head - JLL Retail Asset Management, Amanora Town Centre (Pune) Image via  Flickr Since the beginning of India’s mall explosion in 1999, fashion retail has been on the forefront of the revolution. When it comes to the overall corpus of retail space transaction happening in the country today, this segment is definitely a leading and highly influential stakeholder. Indians trace back their awareness of and appreciation for international apparel brands to the country’s Colonial times. Today, fashion retail in India is highly competitive and there has been an avalanche of global fashion brands making an entry into the Indian marketplace. Needless to say, the increasingly aspirational Indian shopper community welcomes each new signpost and milestone on the road to organized fashion retail. There is no doubt that cutting-edge fashion will always enjoy a place of honour and high potential in India. The positioning of fashion retail outlets such as shoes ...

IndoSpace Logistics Parks , a developer of industrial real estate and warehouses, on Tuesday (21 January 2014) announced closing of its second real estate fund: IndoSpace Logistics Parks II (ILP II). It raised $330 million through the fund, against its target of $300 million. “The majority of the capital was raised from IndoSpace’s existing investors from Fund I and some new marquee investors. The fund’s investor base consists of leading endowments, foundations, sovereign and pension funds,” the company said in a press release. IndoSpace is a joint-venture of Everstone Group and Realterm Global. IndoSpace Logistics is developing around 32 million square feet of industrial and warehousing facilities across India, including Mumbai, Pune, Bangalore, Chennai, Delhi-NCR, Ahmedabad and Kolkata. IndoSpace Logistics' tenants include multinational firms and logistics companies. 

By Ashutosh Limaye, Head – Research & REIS, Jones Lang LaSalle India FDI In Retail – As It Happened India’s decision to allow foreign direct investment (FDI) in multi-brand retail towards the end of 2012 and its FDI policy modified in April 2013 put the country back on the retailing map of the world. However, this is not the first time that India has invited global retailers to set up their shops. A retail street. Source: Flickr In 1997, the government approved 100% FDI in “cash and carry” wholesale stores under the automatic route and, in 2006, 51% FDI was allowed in single-brand retailing, although with prior approval from the government. In December 2011, the government fully opened up FDI in single-brand retail stores. A number of international retail brands such as IKEA and Carrefour were excited to enter the Indian market and announced their plans to start talks on investment proposals with the concerned ministries. In the much-debated and politicall...

By Shishir Baijal, Chairman and Managing Director, Knight Frank India Overview of Indian Real Estate sector in 2013:  Real Estate and infrastructure witnessed unprecedented growth in the last two decades. However, with growth comes the slack, and with the economies facing a slump in the past few years, no sector has been left unscathed Monetary tightening resulting from the Reserve Bank of India's measures to control inflation was the major macro influence on the real estate sector in India, through most part of the year. High interest rates, spiraling vacancy levels and lower margins arising from inflationary pressures too, led to a slowdown of construction activity leading to a drop in new launches, and also delayed project delivery by several months. Developers with exposure to residential projects are particularly worried, with slowing sales leading to a situation of oversupply in many parts of the country. Mumbai and Chennai , which are land-locked from one side by ...

Sanjay Dutt, Executive Managing Director, South Asia, Cushman & Wakefield Residential Real Estate 2014 The slowdown in the Indian economy continued as the Reserve Bank of India revised the real GDP growth rate forecast for 2013-14 downwards to 5.0% from 5.7%. Economic slowdown has had a an impact on the end user sentiments that has impacted the absorption of residential units ultimately leading to a slowdown in the values.  The strong headwinds that the domestic economy has been facing since the last year due to structural issues like high fiscal and current account deficits, and delay in reforms are expected to remain until the general elections next year. As a result, the first half of the year may maintain status quo and improve thereafter in the second half.  The looming scenario of tapering of the US Fed's liquidity infusing Quantitative Easing programme in 2014 could result in investment outflows as was seen earlier this year and dictate the currency fluct...

By Pankaj Renjhen, Managing Director – Retail Services, Jones Lang LaSalle India.  Ambience Mall in Delhi (Source: Flickr ) Supply Scenario The Pan India mall stock for the top seven Indian cities - Bangalore, Chennai, Delhi, Kolkata, Hyderabad, Mumbai and Pune - is expected to increase from 76 million square feet in 2013 to 95.7 million square feet in 2015 . Among the seven cities, Delhi-NCR and Mumbai have been leading in terms having the highest concentration of shopping malls . As of now, Delhi and Mumbai together account for 62% of the Pan India mall stock . They are followed by Bangalore and Chennai, which together constitute around 20% of the pan India mall stock respectively. The net addition of shopping malls from 2013 to 2015 is expected to be around 24.9 million square feet. In 2010, the stock of shopping mall in India stood at around 53.3 million square feet; by the end of 2017, it is expected to reach 107.8 million square feet. In 2013, an estimated...

U.S. cities with a strong energy industry presence have experienced increasing employment and burgeoning housing demand. That means retail real estate is seeing some sparks fly.     When working as a real estate broker in the US, you should have a reliable locksmith partner. Your clients will need references for a locksmith. It can be tricky to find a reliable locksmith via Google search as locksmith Internet marketing and SEO don't always help in finding trustworthy company. Your clients will appreciate your help when you guide them to a professional locksmith. Also, you would need a locksmith when you want to make improvements to any property that you want to get ready for showings.