Redevelopment projects in Mumbai may begin picking up pace again. There are no real alternatives - the biggest problem for real estate development in Mumbai is land scarcity. There are very few opportunities for greenfield developments in the more valuable city centre areas.
The BFSI sector is finally seeing the feasibility of looking beyond MMR. Cities with sub dollar (under USD 1/sq/ft.) office rents and enough relevant talent pools are now gaining momentum.
ANAROCK has signed a formal agreement with U.S.-based Upflex Inc. to deploy Upflex’s services across tier 1, 2 and 3 cities in India. The agreement combines Upflex’s technology, processes, and corporate mandates with ANAROCK's national distribution platform to offer a highly customizable workspace program.
In Bengaluru, the affordable and mid-segments are driving residential demand. Given the good sales, developers saw it opportune to increase the average prices
Bulk hiring activity by major IT/ITeS companies to fulfil surging work orders during the pandemic presents a potentially more upbeat picture for office leasing in 2022 and beyond. These firms have a healthy pipeline for the current year, as well
Union Budget 2021-22 was broad-based with special emphasis on building robust healthcare infrastructure, physical infrastructure and affordable housing. It will result in job creation in the informal sector, which was severely impacted by the pandemic
High-intensity focus on making India a global manufacturing hub has caused warehousing clusters to expand rapidly beyond the top cities and into tier 2 and 3 cities, reveals a joint report by US-based Binswanger Commercial Real Estate Services and ANAROCK Group
US-based Binswanger Commercial Real Estate Services and ANAROCK Group have partnered to offer boutique advisory, brokerage and transaction services on industrial real estate opportunities between India, USA and other global markets.
In the West, investors have shown immense confidence in the self-storage sector due to its underlying attributes and resilience. Despite recessions and demographic shifts, private equity, institutions and private wealth of varying magnitudes continue to have an appetite for it.
Currently, the top 7 cities account for almost 70% of India's residential market, with the remaining 30% accounted for in Tier 2 & 3 cities. This ratio may well change in times to come. Cities like Lucknow, Indore, Chandigarh, Kochi, Coimbatore, Jaipur and Ahmedabad would be the main beneficiaries of the reverse migration of professionals who have lost their jobs in the metros or are likely to.
