For Sunil Arora, a top analyst with an investment advisory firm in Mumbai, owning a part of an office floor on Bannerghatta road in Bangalore was a sensible investment decision. “I had money to invest in commercial [real estate], but not enough to own a floor. Fractional ownership offers me […]
As Per JLL Net Absorption For Commercial Real Estate In Delhi/NCR Enhanced By 5% To 1.07 million sq. ft In Q12021
The office market in Delhi NCR witnessed a net absorption increase of 5 percent in Q1 2021 quarter-on-quarter (Q-o-Q), with 1.07 million sq. ft, according to JLL Office Market Update – Q1 2021. Noida contributed 55 percent of the net absorption, backed by strong pre-commitment in the new completions followed […]
West Bengal Housing Industry Regulation Act 2017 Is Unconstitutional, In Conflict With Central RERA: Supreme Court
The Supreme Court on May 4 struck down the West Bengal Housing Industry Regulation Act, 2017 (WBHIRA) as ‘unconstitutional’, saying it is in conflict with the Real Estate (Regulation and Development) Act, 2016 (RERA), a Central legislation already in place. The apex court said that the state of West Bengal […]
New Commercial Leasing Activity May Be Hit By The Second Wave Of COVID-19 Pandemic
Google may have globally saved a billion dollars by exiting office spaces and cutting down travel of employees with the focus being on work-from-home, but it also plans to return to office later this year. A report by Bloomberg, quoted its Chief Financial Officer Ruth Porat as saying that the company is […]