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#REIT-eligible #commercial #realty market in India estimated at $43-$54 billion

#REIT-eligible #commercial #realty market in India estimated at $43-$54 billion

BENGALURU | MUMBAI: Indian #commercial #real estate offers investment opportunity worth $43 – $54 billion across the top 8 cities including Mumbai, Delhi-National Capital Region, Bengaluru and Pune through #REIT-eligible ready stocks, said a report . Further, it is estimated that approximately 315 million sq ft of office inventory is eligible for REIT across the cities. The REIT-eligible inventory includes existing non-strata sold Grade A...

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Jaipur to be 1 st Light House City of South Asia

Jaipur to be 1 st Light House City of South Asia

JAIPUR: Jaipur would be the first smart connected community Lighthouse City in South Asia. With the announcement, which came on Wednesday, Jaipur has joined the league of Cisco Lighthouse cities globally such as Hamburg (Germany), Barcelona (Spain) and Adelaide (Australia). Cisco Lighthouse City status credential is assigned to a list of selected cities all over the world. The Lighthouse City engagement would be enabled through...

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13 new smart cities picked by Center govt

13 new smart cities picked by Center govt

Lucknow, New Town in Kolkata, Bhagalpur and Dharamsala are among the 13 urban centres picked to be developed as smart cities under the Modi government’s ambitious plan for an urban overhaul. Chandigarh, Faridabad, Raipur, Ranchi, Warangal, Agartala, Imphal, Port Blair and Panaji are the other cities chosen on Tuesday through a fast-track competition. Meant to change the way urban India lives, smart cities will enjoy...

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Develop smart cities keeping their strengths in mind

UDAIPUR: There cannot be a universal formula for developing a smart city as every city has its own strength in terms of heritage, geographical location and environment, and the smart city mission will keep these factors in mind while developing them in Rajasthan, state Urban Development and Housing Minister Rajpal Singh said, on friday. “There cannot be a universal formula for developing a smart city,...

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Increase focus on commercial realty development by Builders in India

Increase focus on commercial realty development by Builders in India

#MUMBAI | #BENGALURU | #NEW DELHI: Real estate #developers are increasing their focus on #commercial real estate, which saw a record sale of around 36 million sq ft last year. The rising interest is also generated by falling vacancy rates and constrained supply of grade A office spaces as most #developers have not launched any major commercial project since 2009. The #investment activity in commercial...

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Ranking system for #Mumbai #builders on the cards

Ranking system for #Mumbai #builders on the cards

MUMBAI: The BMC will rank builders and architects on the basis of their completed projects and share the information in the public domain in about a month’s time to help property buyers make an informed choice while choosing a home. At present, buyers usually have to go by the public perception of builders and architects while purchasing properties. They have little option but to accept...

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Kishangarh [ Rajasthan ] Airport likely to be operationalised by July next year

Kishangarh [ Rajasthan ] Airport likely to be operationalised by July next year

JAIPUR: The new airport at Kishangarh, which is being developed to cater to the historical city of Ajmer, is likely to be operationalised by July next year for which airlines have evinced interest to operate flights from Mumbai and Delhi. Located in the biggest marble market of Kishangarh, the airport building’s construction work is most likely to complete in December after which the process for...

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Want to buy a budget home in Bengaluru? Now is the Right time

Want to buy a budget home in Bengaluru? Now is the Right time

There has been a six-fold rise in new launches in the affordable housing segment in the first quarter of calendar 2016, a clear indication that the policy push towards cheaper homes in Budget 2016 is showing results. Launches were 35% of the total, the highest in last two years. What’s more? Bengaluru is leading the trend with 30% of such launches. The icing on the...

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