The document provides an overview of the Indian real estate market in the first half of 2017. Some key findings include:
- Residential launches and sales declined 41% and 11% respectively year-over-year, reaching their lowest levels in the last 5-7 years, due to the impacts of demonetization and new regulations. However, affordable housing saw stronger growth.
- Office transactions declined 10% year-over-year due to industry headwinds facing the major IT/ITeS sector and a supply crunch. Vacancy levels remained low at 12%.
- Specifically in Chennai, the residential market saw marginal recovery with launches and sales up 4-5% year-over-year
Knight Frank's flagship half yearly, comprehensive analysis of real estate, across the top 6 cities in India - both residential and office space markets.
A look into the real estate figures of the residential markets across Mumbai, NCR, Bengaluru, Pune, Hyderabad, Chennai, Ahmedabad, Kolkata and office markets across Mumbai, NCR, Bengaluru, Pune, Hyderabad, Chennai for the period January – June 2017 (H1 2017).
Knight Frank's flagship half yearly, comprehensive analysis of real estate, across the top 6 cities in India - both residential and office space markets.
A look into the real estate figures of the residential markets across Mumbai, NCR, Bengaluru, Pune, Hyderabad, Chennai, Ahmedabad, Kolkata and office markets across Mumbai, NCR, Bengaluru, Pune, Hyderabad, Chennai for the period January – June 2017 (H1 2017).
A look into the real estate figures of the residential markets across Mumbai, NCR, Bengaluru, Pune, Hyderabad, Chennai, Ahmedabad, Kolkata and office markets across Mumbai, NCR, Bengaluru, Pune, Hyderabad, Chennai for the period July – December 2016 (H2 2016).
In Q1 2017, occupiers mainly continued expansion in
southern peripherals. Though we expect occupier
demand to remain upbeat in these locations, the
upcoming new supply is unlikely to meet the rising
demand in coming quarters resulting in upward
pressure on rents. Absorption of pre-committed
spaces coupled with expected demand upsurge is
likely to outpace the upcoming supply pipeline of 8.1
mn sq ft (757,160 sq m) by the year end.
India Real Estate Outlook January - June 2014Anil GROVER
India Real Estate Outlook January - June 2014, Market Overview, DEMAND AND SUPPLY TREND, CITY-WISE LAUNCHES: H1 Trend, CITY-WISE ABSORPTION, WEIGHTED AVERAGE PRICE INDEX, TICKET SIZE SPLIT OF LAUNCHED UNITS, RESIDENTIAL MARKET HEALTH, VACANCY TREND, NEW COMPLETION & ABSORPTION/VACANCY, DEAL SIZE ANALYSIS, RENTAL INDEX MOVEMENT,
Chennai Real Estate Outlook Report H1 2015 - Knight Frank IndiaKnight Frank India
This is our third edition of the flagship half yearly report - India Real Estate.
It presents a comprehensive analysis of the residential and office market performance of the Chennai Region for the period between January–June 2015 (H1 2015).
A look into the real estate figures of the residential markets across Mumbai, NCR, Bengaluru, Pune, Hyderabad, Chennai, Ahmedabad, Kolkata and office markets across Mumbai, NCR, Bengaluru, Pune, Hyderabad, Chennai for the period July – December 2016 (H2 2016).
In Q1 2017, occupiers mainly continued expansion in
southern peripherals. Though we expect occupier
demand to remain upbeat in these locations, the
upcoming new supply is unlikely to meet the rising
demand in coming quarters resulting in upward
pressure on rents. Absorption of pre-committed
spaces coupled with expected demand upsurge is
likely to outpace the upcoming supply pipeline of 8.1
mn sq ft (757,160 sq m) by the year end.
India Real Estate Outlook January - June 2014Anil GROVER
India Real Estate Outlook January - June 2014, Market Overview, DEMAND AND SUPPLY TREND, CITY-WISE LAUNCHES: H1 Trend, CITY-WISE ABSORPTION, WEIGHTED AVERAGE PRICE INDEX, TICKET SIZE SPLIT OF LAUNCHED UNITS, RESIDENTIAL MARKET HEALTH, VACANCY TREND, NEW COMPLETION & ABSORPTION/VACANCY, DEAL SIZE ANALYSIS, RENTAL INDEX MOVEMENT,
Chennai Real Estate Outlook Report H1 2015 - Knight Frank IndiaKnight Frank India
This is our third edition of the flagship half yearly report - India Real Estate.
It presents a comprehensive analysis of the residential and office market performance of the Chennai Region for the period between January–June 2015 (H1 2015).
This is our third edition of the flagship half yearly report - India Real Estate.
It presents a comprehensive analysis of the residential and office market performance of Pune for the period between January–June 2015 (H1 2015).
This is our third edition of the flagship half yearly report - India Real Estate.
It presents a comprehensive analysis of the residential and office market performance of the Bengaluru Region for the period between January–June 2015 (H1 2015).
This is our third edition of the flagship half yearly report - India Real Estate.
It presents a comprehensive analysis of the residential and office market performance of the NCR Region for the period between January–June 2015 (H1 2015).
Demand-supply gap is likely to remain a concern in
coming quarters. While a few grade A office
buildings are likely to see completion towards the
end of 2017, we expect upward pressure on rents at
least in H1 2017. Tenants looking for quality assets
should find their options limited this year given that
most of the new supply is likely to enjoy high precommitment
rates from existing occupiers.
Mumbai Real Estate Outlook January - June 2014Anil GROVER
Mumbai Real Estate Outlook January - June 2014, Market Overview, DEMAND AND SUPPLY TREND, CITY-WISE LAUNCHES: H1 Trend, CITY-WISE ABSORPTION, WEIGHTED AVERAGE PRICE INDEX, TICKET SIZE SPLIT OF LAUNCHED UNITS, RESIDENTIAL MARKET HEALTH, VACANCY TREND, NEW COMPLETION & ABSORPTION/VACANCY, DEAL SIZE ANALYSIS, RENTAL INDEX MOVEMENT,
This is our third edition of the flagship half yearly report - India Real Estate.
It presents a comprehensive analysis of the residential and office market performance of the Hyderabad Region for the period between January–June 2015 (H1 2015).
A MOVE TO BETTER QUALITY FOR TENANTS
Summary
• Growing demand from multinationals for better quality offices
• Limited prime locations
• Supply surge in 2016 still yet to be fully absorbed
• Rental pressures due to demand/supply imbalances
• Belt & Road Initiative (BRI) could spur demand in next decade
The good of all is what is good for oneselfD Murali ☆
May Day post by S. Prabhu in his blog prtraveller
Link: https://prtraveller.blogspot.com/2020/05/d-murali-journalist.html
Ref:
1) A whistleblowing story in SlideShare https://www.slideshare.net/MuraliD1/a-whistleblowing-story-part-1
2) Whistleblowing story - Sequence of mails https://www.slideshare.net/MuraliD1/whistleblowing-story-sequence-of-mails
3) Audiobiography in Soundcloud https://soundcloud.com/muralid/audiobiography-d-murali
4) Be agitated about gender prejudice https://soundcloud.com/muralid/sound-clip-27-be-agitated
5) Demand for apology https://soundcloud.com/muralid/apo
6) Why are you agitated https://soundcloud.com/muralid/why
7) Mylapore Times article by S. Prabhu https://www.slideshare.net/MuraliD1/online-content-useful-for-sanskrit-students
8) This article in SlideShare https://www.slideshare.net/MuraliD1/the-good-of-all-is-what-is-good-for-oneself
9) Mylapore Times article link http://www.mylaporetimes.com/2020/04/senior-journo-posts-online-content-useful-for-sanskrit-students-young-and-old/
10) Tweet in CopyTasterDM handle https://twitter.com/CopyTasterDM/status/1256489049264537601
11) LinkedIn post https://www.linkedin.com/posts/muralide_d-murali-journalist-activity-6661878686062645248-9Zp0/
12) Facebook post https://www.facebook.com/dMurali/posts/10214668257814386
Business Journos Chennai WhatsApp Group infoD Murali ☆
188 participants as on April 29, 2020
Group created on August 19, 2014
Group description:
"Focus: Biz news & events in Chennai. Biz=What's typically in a biz newspaper. Ground rules: NO wishes, jokes, videos, audio, unverified fwds. Cite sources, share yr tweets. Vision: Aim for thoroughness.
A few tips: Be agile, alert, diverse, inclusive, engaging, truthful, empathetic, independent, curious, & human. Steer clear of cash/ vouchers! Ask questions. Seek clarity. Demand accountability. Demystify jargon. Wander to where spotlights don't shine.
-- DM"
Accompanying Twitter handle: @CopyTasterDM - for picking stories to share with the 'Business Journos Chennai' group
(Received from CECRI; CSIR-Council of Scientific & Industrial Research; SERC-Structural Engineering Research Centre; CECRI-Central Electrochemical Research Institute)
CSIR-CECRI-Industrial Conclave - Water treatmentD Murali ☆
CSIR-CECRI-Industrial Conclave - Water treatment
(Received from CECRI; CSIR-Council of Scientific & Industrial Research; SERC-Structural Engineering Research Centre; CECRI-Central Electrochemical Research Institute)
Blog post link: http://bit.ly/2vdIiN1
FICCI Digital Disruption & Transformation Summit DDTS, ELCOT presentation D Murali ☆
'Future of Governance - Transforming the government digitally' - Presentation by Dr Rajendra Kumar, IAS, CMD, ELCOT, in FICCI Digital Disruption & Transformation Summit DDTS
Blog post link: http://bit.ly/2viWgC0
Knight Frank India Real Estate (Jan-June 2017) ReportD Murali ☆
Knight Frank India Real Estate (Jan-June 2017) Report
Knight Frank-17H1
Kanchana Krishnan, Knight Frank on 17H1 January-June 2017 India Real Estate
(Residential, office)
Blog post link: http://bit.ly/2upCz7K
Why Government is unfair to Indian Revenue Service officers who strenuously w...D Murali ☆
Why Government is unfair to Indian Revenue Service officers who strenuously work to provide fuel for efficiently running its administration? - T. N. Pandey - Article published in Business Advisor, dated April 25, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM #BusinessAdvisorArchives
Supreme Court may kindly consider whether SIT appointed on its order needs to...D Murali ☆
Supreme Court may kindly consider whether SIT appointed on its order needs to be wound up - T. N. Pandey - Article published in Business Advisor, dated May 10, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM #BusinessAdvisorArchives
Basic tenets of GST - Dr Sanjiv Agarwal - Article published in Business Advisor, dated May 10, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM #BusinessAdvisorArchives
Possibility of set-off of business loss against cash credit/ unexplained inve...D Murali ☆
Possibility of set-off of business loss against cash credit/ unexplained investment - V. K. Subramani - Article published in Business Advisor, dated May 25, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM #BusinessAdvisorArchives
Irrationalities in giving Padma awards damage their sanctity - T. N. PandeyD Murali ☆
Irrationalities in giving Padma awards damage their sanctity - T. N. Pandey - Article published in Business Advisor, dated May 25, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM #BusinessAdvisorArchives
Karnataka HC endorses tax avoidance technique to lessen minimum alternate tax...D Murali ☆
Karnataka HC endorses tax avoidance technique to lessen minimum alternate tax (MAT) - T. N. Pandey - Article published in Business Advisor, dated June 10, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM #BusinessAdvisorArchives
Updates on Circulars and Notifications - V. K. SubramaniD Murali ☆
Updates on Circulars and Notifications - V. K. Subramani - Article published in Business Advisor, dated June 25, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM
Renewed hopes on GST - Dr Sanjiv AgarwalD Murali ☆
Renewed hopes on GST - Dr Sanjiv Agarwal - Article published in Business Advisor, dated June 25, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM
31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
role of women and girls in various terror groupssadiakorobi2
Women have three distinct types of involvement: direct involvement in terrorist acts; enabling of others to commit such acts; and facilitating the disengagement of others from violent or extremist groups.
हम आग्रह करते हैं कि जो भी सत्ता में आए, वह संविधान का पालन करे, उसकी रक्षा करे और उसे बनाए रखे।" प्रस्ताव में कुल तीन प्रमुख हस्तक्षेप और उनके तंत्र भी प्रस्तुत किए गए। पहला हस्तक्षेप स्वतंत्र मीडिया को प्रोत्साहित करके, वास्तविकता पर आधारित काउंटर नैरेटिव का निर्माण करके और सत्तारूढ़ सरकार द्वारा नियोजित मनोवैज्ञानिक हेरफेर की रणनीति का मुकाबला करके लोगों द्वारा निर्धारित कथा को बनाए रखना और उस पर कार्यकरना था।
3. KEY FINDINGS
RESIDENITAL H1 20173
Affordable housing
a structural change;
71% launches in
less than INR 50
lakh category vis a
vis 52% a year ago
Launches
crash
41% -
reach lowest
level in 7 years
596,044
unsold inventory
in top 8 cities–
17% drop from
peak of H2 2014
Sales down by
11% YoY –
lowest first-half
sales in the last
5 years
4. 236,084
222,144
232,491
187,614
165,426
154,233
117,200
126,865
107,120
68,702
62,738
H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017
4
Jan - Feb
Demonetisation hangover
May - June
RERA compliance
Developers cautious
Unsold inventory pressure
Launches come to a
grinding halt – down 73%
from H1 2013
Note: The top 8 cities are Mumbai, NCR, Bengaluru, Pune, Chennai, Hyderabad, Kolkata and Ahmedabad
Top 8 cities half yearly
trend in launches
Launches down by
41% in H1 2017 YoY
(-9% sequentially)
5. 5
NCR & Ahmedabad worst
hit in launches
24,450
17,462
24,281
8,713
5,815
5,700
11,891
8,809
9,740
9,273
13,395
11,300
4,800
5,900
9,093
5,200
15,763
4,800
14,026
7,905
6,035
2,571
9,764
1,874
Mumbai NCR Bengaluru Pune Chennai Hyderabad Kolkata Ahmedabad
Numberofunits
H1 2016 H2 2016 H1 2017
City-wise half-yearly
launches
Ahmedabad and NCR
down 79% and 73% YoY
respectively
Chennai out of slumber,
increases 4% YoY
Sequentially, Mumbai picks up
close to 62% albeit lower by
36% YoY
6. 6
Resurrection of affordable
housing Top 8 cities ticket-size
split of launches
Affordable housing a structural
change with commensurate
supply side response
A significant chunk of new
launches below INR 50 lakh –
71% vis-a-vis 52%
H1 2016 H2 2016 H1 2017
<2.5 mn 17% 20% 36%
2.5-5 mn 35% 39% 35%
5-7.5 mn 22% 20% 14%
7.5-10 mn 10% 11% 6%
>10 mn 10% 6% 8%
>20 mn 6% 4% 1%
71%52%
7. 7
NCR, Pune, Ahmedabad,
Kolkata drive affordable
housing revival
0%
20%
40%
60%
80%
100%
Mumbai NCR Bengaluru Pune Chennai Hyderabad Kolkata Ahmedabad
< Rs 2.5 mn Rs 2.5-5 mn Rs 5-7.5 mn Rs 7.5-10 mn Rs 10-20 mn > Rs 20 mn
Ticket-size split of
launched units in
H1 2017
Around 80% of launches in
NCR, Pune, Ahmedabad and
Kolkata in the sub INR 50 lakh
category
8. 8
Sales not as badly hit as
launches YoY
139,295 140,527
126,616
141,341
135,016
109,158
120,755
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017
Numberofunits
Note: The top 8 cities are Mumbai, NCR, Bengaluru, Pune, Chennai, Hyderabad, Kolkata and Ahmedabad
Top 8 cities half yearly
trend in sales
Sales down by 11% YoY but up
sequentially by same margin post
demonetisation
•Government thrust towards
affordable housing
•Freebies and discounts whip
up sales of ready inventory
•Sentiments among buyers up
owing to RERA
9. 9
Sequentially, sales in all
cities have improved
City-wise half-yearly
sales
NCR and Kolkata most hit,
down 26% and 22% YoY
respectively
Pune, Chennai and Hyderabad
witness growth YoY
34,971
23,092
26,220
15,688
8,450
7,700
10,339
8,556
25,403
16,913
20,309
16,800
7,737
7,289
7,308
7,400
32,077
17,188
21,210
17,480
8,850
7,901
8,109
7,941
Mumbai NCR Bengaluru Pune Chennai Hyderabad Kolkata Ahmedabad
H1 2016 H2 2016 H1 2017
10. 10
Time correction already
happened
Residential price index
Across 8 cities, residential price
index lower than Consumer
Price Index (CPI)
95
100
105
110
115
120
125
130
Indexvalue(Q12013=100)
CPI Mumbai NCR Bengaluru Pune
Chennai Hyderabad Kolkata Ahmedabad
11. 11
Pan India unsold inventory
lowest in the last 4 years
Trend of all India unsold
inventory and QTS
Unwinding of unsold inventory
from drastic fall in launches
Less than 3 years required to
offload existing unsold inventory
7.4
8.2
9.0
10.1
11.3 11.5 11.3 11.3 11.3
520,000
540,000
560,000
580,000
600,000
620,000
640,000
660,000
680,000
700,000
720,000
740,000
-
2.0
4.0
6.0
8.0
10.0
12.0
14.0
H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017
Unsoldinventory(no.ofunits)
QTS
Unsold inventory (RHS) QTS
12. 12
NCR the worst market –
over 4 year inventory
Inter-city comparison
on unsold inventory
Smaller metros like Pune and
Hyderabad have relatively less
inventory pressure
Unsold units Quarters-to-sell
Mumbai 138,653 8.8
NCR 180,370 17.8
Bengaluru 114,064 10.0
Pune 40,141 4.5
Chennai 28,110 6.6
Hyderabad 22,658 5.9
Kolkata 39,114 10.6
Ahmedabad 32,934 7.7
Top 8 cities 596,044
13. 13
Affordable housing comes to rescue
of the beleaguered real estate sector
Lowest first-half sales and launches
in the last 5 years
SUMMARY
15. KEY FINDINGS
H1 201715
Co-working
operators show
traction with
around half a
million sq ft taken
up across
Bengaluru, Pune
and NCR
Transactions
down 10% YoY
in H1 2017, new
completions
lower by 5%
At 12%, vacancy
levels at the lowest
since 2012 when it
was 21%
Industry headwinds,
supply crunch affect
IT sector
transactions; share
down to 39% vis-
à-vis 43% a year ago
16. 17.9
20.7
17.9
23.2
20.2 20.6
18.1
0
5
10
15
20
25
H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017
mnsqft
16
Transactions decline 10% YoY
in H1 2017
Most cities face a supply
crunch for the country’s
largest occupier – IT/ ITeS
Transactions decline 10%
YoY
Note: The top 6 cities are Mumbai, NCR, Bengaluru, Pune, Chennai and Hyderabad
Top 6 cities half
yearly trend of
transactions
17. 17
Top 6 cities half yearly
trend of new completions
In H1 2017, new completions
lower by 5%
Developer inclination towards
residential segment over the
last few years a major cause
17.1
19.5
15.7
18.7 19.0
10.1
17.9
0
5
10
15
20
25
H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017
mnsqft
18. 18
Top 6 cities half-yearly
trend of vacancy level
At 12%, vacancy levels at the
lowest level since 2012 when it
was 21%
18.5%
17.5%
16.7%
15.6%
15.1%
13.3%
12.4%
12%
14%
16%
18%
20%
0
5
10
15
20
25
H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017
mnsqft
19. 19 City wise trend
Except Mumbai and NCR, other
cities facing low vacancy level
Even prime locations in NCR
and Mumbai are in single digit
All cities except Mumbai had
lower completion compared to
demand
21.9%
17.7%
3.8%
7.9%
10.8%
9.0%
0%
5%
10%
15%
20%
25%
0
1
2
3
4
5
6
7
8
9
Mumbai NCR Bengaluru Pune Chennai Hyderabad
mnsqft
New completions Transactions Vacancy (RHS)
20. 20
Industry-wise transaction
split
IT sector, the backbone of
Indian office market, facing
business challenges
IT industry headwinds, share
down to 39% vis-a-vis 43% a
year ago
Co-working operators show
traction with around 0.5 mn sq ft
taken up across Bengaluru,
Pune and NCR
H1 2016 H2 2016 H1 2017
BFSI 12% 13% 12%
IT/ITeS 43% 49% 39%
Manufacturing 16% 17% 18%
Other Services 29% 21% 31%
21. 21
Industry headwinds, dearth of
relevant supply affect India’s largest
occupier – IT/ITeS
Vacancy lowest since GFC
SUMMARY
24. KEY
FINDINGS
H1 2017
01 Marginal recovery in
H1 2017 in launches
and sales
03 Southern Chennai
looking stronger than
ever
02 Guideline value slash to
impact land deals and
secondary sales
04 Traction has been
clear in affordable and
budget market
24
34. KEY
FINDINGS
H1 2017
01 The supply crunch
continues to hamstring
the market while the
vacancy level is on the
verge of entering
single digits
03 Share of IT/ ITeS and
manufacturing sectors
have dipped in H1
2017 since most built-
to-suit deals are
scheduled for 2019
02 Rentals grew by 6%
during H1 2017. The
PBD OMR business
district saw the
strongest rental growth
at 8%
34
40. 40
A slew of the most disruptive reforms in independent
India became a reality in a span of a few months.
Described by many as the Brahmastras against black
economy in an unorganised industry, demonetisation,
RERA, the Benami Prohibition Act and the recently
rolled out GST have time and again pushed the already
sluggish market to the brink. But we believe that these
were corrective measures long due to transform real
estate into a robust, transparent and thriving sector.
The short-term hiccups grappling the industry would
eventually fade away and bear rich dividends in the
future.
Shishir Baijal, Chairman & Managing Director
“
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