COLLIERS NEWS
Institutional investment in Indian real estate at $2.5 billion in Q2, marking a 3-year high
Private equity investments in Indian real estate hit a three-year high in Q2 2024, totaling $2.5 billion. The industrial and warehousing segment led with 61% of the total investments ($1.5 billion), driven by large deals. The residential segment saw a 7.5x increase from Q2 2023, making up 21% of total inflows. Office assets received $0.3 billion, showing a significant annual decline.
Colliers India forays into Residential Services, appoints Ravi Shankar Singh as MD for biz
Colliers India has appointed Ravi Shankar Singh as the Managing Director for Colliers' Residential Transaction Services in India. Singh, with over two decades of experience, will drive sales and provide comprehensive advisory services for upmarket residential properties. With a strong understanding of market needs, Singh will collaborate with top leaders to nurture the business and build high-performing teams
Atal Setu: How the Trans Harbour Link will transform Mumbai
The Mumbai Trans Harbour Link (MTHL), or Atal Setu, as it'll be called now, links Sewri in Mumbai to Nhava-Sheva on the mainland in Mumbai Metropolitan Region, establishing faster connectivity between the island city of Mumbai and the Navi Mumbai on the mainland, and decongesting the perennially choked metropolis as well as opening new vistas of development.
Indian Real Estate: Altered courses and emerging stronger in 2024
Despite a cautious start, 2023 will likely turn out to be a strong year for India's real estate sector, displaying resilience across asset classes. Commercial real estate demand is set to match or surpass 2022 leasing records, with technology, financial services, engineering, manufacturing, FMCG, and healthcare sectors driving activity. Residential real estate is outperforming 2022, anticipating 20-30% higher sales, while industrial and warehousing sectors continue to grow.
How China's property crisis is testing its too-big-to-fail banks
China's banking system faces significant risks due to its heavy exposure to the real estate crisis. Around 40% of all bank loans are related to property, and as more real estate developers default on payments, pressure is mounting on the banks. The government may be forced to bail out banks, but this risks encouraging reckless practices and delaying investment in more productive ventures.
Shriram Properties, ASK Property Fund jointly invest Rs 206 cr in Chennai project
The acquisition was through SPL’s wholly-owned subsidiary, Shrivision Elevations Private Limited, with the working capital needed to be met separately by the partners. The newly acquired residential project in Mangadu will be launched as “Shriram 122 West” near the Porur - Manapakkam IT cluster and the upcoming metro corridor.
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China's economy faces yet another threat: Falling prices
Consumer prices in China, after barely rising for the previous several months, fell in July for the first time in more than two years, the country's National Bureau of Statistics announced on Wednesday. For 10 straight months, the wholesale prices generally paid by businesses to factories and other producers have been down from a year earlier. Real estate prices are tumbling.
Arab Health 2020 brings together the medical technology industry and medical practitioners in Dubai
The 45th edition of Arab Health, the Middle East’s largest healthcare event, kicks off on Monday to be held at Dubai World Trade Centre and 55,000 visitors ...
Office space vacancy levels across top six cities stable at 16.4% in Jan-Mar
The commercial office market remained resilient with stable vacancy levels during Q1 2023, in line with Q4 2022 levels, according to Colliers. Softened demand during the quarter had little impact on the figures, despite recessionary concerns and economic headwinds, while new supply tended to match with demand resulting in consistent vacancy levels. Demand saw a hefty comeback year over year, falling vacancy levels by 210 basis points. Colliers expects demand and supply to correlate, maintaining rental and vacancy levels rangebound.
Ex-Twitter executives to face GOP questioning on Hunter Biden
The hearing is the GOP's opening act into what lawmakers promise will be a widespread investigation into President Joe Biden and his family, with the tech companies another prominent target of their oversight efforts.
Colliers appoints Ruchika Choudaha as the Senior Director & Head of Office Services for Pune
Colliers has appointed Ruchika Choudaha to lead the Office Services business in Pune as it looks to expand business operations and growth opportunities in the region. Ruchika has been associated with some of the major players in the real estate sector including JLL and Cushman & Wakefield, holding senior positions and leading high-performing teams.
Office vacancy levels drop sharply YoY; Q4 sets the tone for a cautious 2023: Colliers
Albeit higher than pre-pandemic levels, vacancy levels have declined every successive quarter of 2022 as leasing momentum remained positive, mentioned colliers.
Channel 4 announces release date for TV show 'The Horne Section'
The TV show gets its release date. However, no trailer for the series has been released yet.
Stanza Living forays into fully-managed apartment space
Separately, the firm plans to continue to deepen the footprint of its existing hostel-style managed accommodation targeted at students and young working professionals. In the Managed Apartment category, the firm has roughly 5000 rooms across six cities, including Delhi, Gurgaon, Bangalore, Hyderabad, Chennai and Pune.
Colliers appoints Anant Bir Singh as senior director & head of capital markets team and investment services
An industry veteran with more than 18 years of real estate industry experience, Singh has worked extensively on various aspects of real estate investment management, strategy, and asset lifecycle analysis. As a well-known name in the industry, Singh is adept at managing significant investment and divestment processes for assets, lands, and funds and has led several high-value transactions to drive exceptional results for his clients.
India's economic growth estimated at 8.7% in FY22, Q4 GDP slows to 4.1%
The fluctuation in GDP numbers could be attributed to the impact of localised restrictions during the Omicron wave and high inflationary pressures hitting private consumption. The fears of the Omicron-led third wave resulted in disruption of economic recovery which was afoot.
GDP slowdown in Q4 due to impact of pandemic, high commodity prices, say experts
Indian economy grew at its slowest pace in a year during January-March, pulling down the Gross Domestic Product (GDP) growth in the full year to March to 8.7 per cent before Russia's invasion of Ukraine added a new inflation hurdle to the recovery.
Bengaluru sees steep drop in unsold housing inventory: Report
After Bengaluru, Kolkata and Pune witnessed the subsequent steep decline in unsold inventory with a 15% and 11% descent on a YoY basis, portending a recovery in demand.
BHIVE Fund to raise Rs 400 crore to invest in commercial office projects
BHIVE, the parent company, will be the sponsor of the fund and will invest in office properties with occupancy certificates ranging between 15,000 sq. ft. and 50,000 sq. ft. across Bangalore.
Food prices hold near record as Ukraine war upends trade
Russia’s invasion has brought down exports from Ukraine to a trickle, curbing supplies from one of the world’s biggest grain and vegetable oil shippers.
Mindtree Leases Large Office Space in L&T’s Upcoming Chennai IT Park
The over 10-year lease deal is for L&T Innovation Campus, a mixed-use development sprawling over 40 acres, two people aware of the deal said.
RBI may again opt for status quo on key policy rate, say experts
A Morgan Stanley research report expects the RBI to continue to keep rates on hold and retain its accommodative stance in the upcoming policy review.
Marico boss Harsh Mariwala feels no single person is bigger than the organisation
The billionaire shares some pro-tips on why organisations often fail.
National Monetisation Pipeline good news for infra sector: 10 stocks with high potential upside
Road assets comprise around 27 per cent of this monetisation pipeline and a major portion of the proceeds are expected to be used for further road development.
Wework India raises $100 million from Wework Global
WeWork India, which had earlier planned to increase the number of desks to 90,000 by the end of 2020, said the focus is now on profitability rather than growing the number of seats.
Luxury home sales muted; builders manage to sell only 45% of 13k units launched in 3 yrs: Report
Housing brokerage firm PropTiger, reported that only 5,926 luxury units have been sold till January this year, out of the 13,290 homes launched by developers across nine major cities during the last three calendar years (2017-2019). As per the data, 1,131 units were launched at a price above Rs 7 crore and only 554 have been sold.
TRIL appoints Ritesh Sachdev as senior vice president and head- commercial leasing and asset management
Sachdev will lead TRIL’s commercial leasing business and its asset management operations. He will assume his new position at TRIL’s South India Regional headquarters in Bangalore effective immediately and will report to the MD & CEO Sanjay Dutt.
Realty sector hope for revival in housing sales after RBI rate cut
RBI governor Shaktikanta Das today slashed the repo rates by almost 25 bps to 6.25 per cent.
Investing in real estate? These micro markets can give good returns
There are several pockets across metros and large cities where property prices are reasonable and investors can expect good returns.
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