In these unprecedented times of the pandemic, going digital has become indispensable for most industries, including Indian real estate. In line with this, the recent announcement by the Maharashtra government that it will finally implement a full property e-registration facility for new properties at developer offices is highly timely. To hopefully be rolled out from
2019 attained a new peak since 2017 with more than 2.6 lakh units sold in the top 7 cities & 2.37 lakh new units launched; new peak likely by 2023 as housing sales could cross 3.17 lakh units mark 2021 may fare better than 2020, but unlikely to reach the latest peak levels of 2019
According to a very recent UN Intergovernmental Panel on Climate Change report, global warming will increase the planet’s temperatures by as much as 1.5 degrees Celsius in the next 20 years. Indian coastal cities like Mumbai, Chennai, and Kolkata have been put ‘on notice’, but all our cities will be affected to some or the
IT/ITeS remains the strongest demand driver, accounting for 30-40% of total gross office absorption of approx. 8.8 mn sq. ft. in H1 2021 in Bengaluru, Pune & Hyderabad That said, Bengaluru & Hyderabad witnessed BFSI segment leasing share double since 2019 In Bengaluru, share of BFSI at 13% in H1 2021 from 8% in 2019
Major transformation since 2010-2015, when top 15 local players launched close to 2.58 lakh units From 2016 to H1 2021, national-level & corporate players – Godrej Properties Ltd., TATA Housing, Hero Realty, Sobha Ltd, Shapoorji Pallonji Group, Birla Estates – dominated, with Prestige Estates now also foraying into NCR Supply follows demand – major changes
A well-known real estate consultancy recently published a report on heavily delayed and fully stalled residential projects. It paints the kind of gloomy picture which most people tend to associate with Indian real estate these days. Since negativity sells, this report did not mention how many projects by leading developers are actually getting completed on
List of Indian Companies with Monopoly in Their Industry: How many Indian companies can you name that have monopolies? In today’s article, we identify one of Warren Buffett’s favorite categories: monopolies, but in the Indian market. Monopolies are companies with a major competitive advantage and are market leaders. Keeping market share of these companies and
Given the huge funding crunch in the construction industry, the outlook for people who bought units in completely stalled projects is disastrous, while the prospects for buyers in heavily delayed projects are bleak at best. The overall value of the 1.74 lakh homes which are totally stuck across the 7 top cities currently exceeds INR
Top 7 listed real estate players will develop approx. 92.5 Mn sq. ft. in top 7 cities and tier 2 & 3 cities in the next 2 years Kochi, Coimbatore, GIFT City, Hosur, Thrissur & Trivandrum prominent tier 2 & 3 for their expansion plans Bengaluru most preferred with all top 7 listed real estate players
Another 15% is under pressure but has scope for resolution & certainty on principal recovery Merely USD 18 bn worth loans under ‘severe’ stress that need immediate measures NBFCs & HFCs (including trusteeships) together account for 63% of total loans while banks account for 37% At least 75% of total lending to Grade A developers
