183

Delhi-NCR Leads APAC in H1 2017 Office Leasing Volumes

Delhi-NCR and Bengaluru ahead of Guangzhou, Manila and Melbourne

Although leasing activity declined by 13% year-on-year in Asia Pacific in Q2, volumes were down only 2% in the first half of the year, indicating stable leasing levels across the region. Cities like Seoul and Taipei saw sluggish tenant demand impacting leasing activity. Delhi-NCR has continued to be the regional leader for leasing volumes while Bengaluru also came ahead of other active regional markets, including Guangzhou, Manila and Melbourne

57

A ‘Crash’ Course on Building Collapses

Over the last few years, there have been continuous incidents of collapsing old constructions in India. As per data shared by the National Crime Record Bureau (NCRB), more than 14,000 people have died from 2010 to 2015 due to dilapidated building collapses. At an average, 2,700 people lose their lives in different structural breakdowns every year.
 
Across all the major cities in India, Mumbai has been witnessing the maximum cases of structural collapses. Between 2010 to 2015, there have been approximately 13,470 incidents of structural collapse in the country, and Mumbai alone accounted for 1,366 of these. This amounts to over 10% of the total incidents. The collapse of buildings, specifically old constructions, has been continuously increasing in recent years.

565

RERA: On Road to Reformed & Regulated Realty

As the three- month window given to states for notifying RERA (Real Estate Regulation & Development Act), especially in view of ongoing under-construction projects, expires in July, the stage is set for the transformation of the real estate and housing as a matured, professional, organised and transparent sector, much to the advantage of all the stakeholders.

 In a landmark move, the central government, in the form of RERA, gave the real estate sector its first regulator w.e.f from May 1, 2016. The Union Ministry of Housing & Urban Poverty Alleviation, however, gave time to states till May 1, 2017, to formulate & notify rules for the functioning of the regulator.

504

Rental Housing – The Ideal Investment

The Indian real estate market in the country is going through some exciting times - not only have sales started picking up, but even the rental market is growing at a healthy rate. A survey in 2009 pointed out that almost 35% of urban families were living in rental homes - another survey in 2011 indicated that a massive 24.7 million families lived on rent. Since then, factoring in population growth, the development of new workplace hubs and the hugely increased rate of job creation and the formation of new residential precincts in and around our cities, the current demand for rental homes can well be imagined.