Skip to main content

Posts

Showing posts with the label Bangalore

Chandigarh: The Rising Commercial Market in North India

The real estate sector is one of the most globally recognised sectors. The commercial real estate sector in India continued to evolve in Q1 2017, witnessing an increased share of Tier 1-2 cities in the overall space take-up, coupled with a sustained rental growth. From the perspective of office space take-up, the first quarter of 2017 was one of the strongest first quarters witnessed in the past several years. Leasing during the quarter was mainly led by Delhi NCR (National Capital Region), Bangalore and Mumbai accounting for almost 55% of the transaction activity, followed closely by Hyderabad. In North India, commercial real estate market is hugely dominated by Delhi NCR, but, in recent times, Chandigarh has shown signs of rapid growth. Chandigarh is a union territory of India serving as the capital of two states, Punjab and Haryana, is one of the fastest growing cities. Commercial real estate here is growing significantly, providing the much-needed infrastructural pu...

Top real estate destinations for NRI

NRI Capital has practically changed the landscape of real estate sector growth in India. Today, real estate sector is one of the largest employers in India, because of funds being pumped into the market by NRI’s. Why it works for NRI’s, irrespective of factors such as demonetization, is rather simple to understand. The conversion from USD to INR makes it easy and affordable to invest here. Add to it the economic opportunities giving rise to a new real estate (potential) in India; many more NRI’s can be seen jumping to the foray. They are all familiar with the Indian terrain, and are mostly, correct visionaries. Another feature is NRI investment in their native land, the place to which they belong originally. This one is not for commercial interest (you cannot even invest in agricultural land, farm house, or plantation property), but preference given to nostalgia. If we look closely at this one aspect, mostly it is local destinations including, Delhi-NCR, Chandigarh, Ahm...