Weekly News Roundup (24 May 2016) – Real Estate News Under 100 Words

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Residential real estate: Favourable economic conditions point to recovery by early next fiscal
FY 2015-16 saw Indian economy become the fastest-growing in the world with a GDP growth of 7.6 per cent. This, despite adverse global economic circumstances that put a lot of pressure on earnings, exports and overall development. Read more

Foreign Investments In REITs
The Government took its first step towards resolving these issues by announcing its approval to REITs being considered as an eligible financial structure for foreign investment (necessary amendments to FEMA 20 were introduced in November, 2015 to grant legal validity to REITs as an investment vehicle for foreign investments). Read more

Sustainable urbanisation not only developing nations issue: India
Existing and old urban settlements in developed countries have an equally important role to play through specific deliverables, especially by adopting and showcasing sustainable consumption and production patterns. Read more

India, Thailand, Myanmar to be connected with a 1400-km road
Prime Minister Narendra Modi’s navratnas or top nine ministers have given the equity market a big miss in their portfolios, data compiled by ETMarkets.com showed. Read more

Average age of top-end office spaces in Mumbai — 11 years
The survey compared 30 buildings earning the highest rent in 10 Asia-Pacific cities. Accordingly, 30 buildings in Mumbai were chosen with most falling in the Bandra-Kurla Complex (BKC) area, while the rest were scattered over Secondary Business Districts (SBDs)-Central and Central Business Districts (CBDs). Read more

Office rentals rise on higher space demand across top markets
Rentals in Gurgaon’s Cyber City area rose 13% in the last one year while those in Bengaluru’s Whitefield and Electronic City rose 12%. Rentals in Bengaluru’s non-IT locations such as Koramangala and Indira Nagar grew 16%. Read more

Inventory of luxury apartments in Mumbai remains high; total value of unsold appts Rs 23k cr
Six to eight months back, the number of luxury homes awaiting buyers was estimated at close to 5,000. FE, however, could not independently verify data for each and every property and, consequently, the numbers could be at some variance with the latest position. Read more

5 things home buyers should keep in mind amid project delays
The real estate sector witnessed a slowdown in recent times on high inventory levels, diminished demand and limited liquidity, which led to fall in sales and kept buyers away. Read more

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