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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.

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Massive Investment Boost to Indian Residential Sector in 2017

In Indian real estate today, the untrained eye may see a dichotomy in the massive investments pouring into the Indian residential sector and the actual on-ground demand for housing. A similar question mark was, in the past, also attached to the fact that developers kept churning out projects despite the visibly reduced uptake over the last couple of years. The fact is, there are always at least two storylines unfolding - the first and most obvious is the short-term story.

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Housing for All by 2022: From Restrictive to Transformative Era

In its seven decades of journey since independence, the real estate and housing sector, has come a long way from early years of restrictive policies, deficient planning and highly inadequate resources, to reach a progressive, planned, organised and reformative stage, facilitating urban transformation and speedy economic growth.

 The present government's vision is to ensure long term inclusive development through good governance and transformative reforms to boost real estate, housing and infrastructure - the vital sectors that hold key to economic development. It is a far cry from early years after independence (1947 – 64), when not much attention was paid towards housing/urban infrastructure due to lack of resources and staff capacity to design and deliver. But, it was during this period that the government introduced state housing boards, mandated to construct houses for public and laid the ground for planned cities and subsequently Chandigarh &Gandhinagar came into existence in 1952 and 1960 respectively. 

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70 Years of Independent India – The Real Estate Milestones

Often, how a particular industry shapes up depends on government’s initiatives and interventions – largely done through new sector-specific policies as well as tweaking older ones to better suit the changing business environment. While the government’s role is important, it is the market conditions, geopolitical events, socio-economic changes in population and the element of time itself that are fundamental in evolution of industrial sectors, especially so, in the case of developing economies like India.
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Age Gap Between CBDs And SBDs Is Widest In Mumbai And Delhi-NCR

Across Indian office markets, secondary business districts (SBDs) are not only the younger cousins of the central business districts (CBDs) but also emerging as the new favourites due to the more modern buildings that suit requirements of corporates and office buildings that can be upgraded into superior grade-A assets.

A look at different office markets shows how striking the average age of a city’s SBD vis-à-vis its CBD is. For e.g., in Mumbai’s case, the age difference between SBD-Bandra Kurla Complex (also called the de-facto CBD) and the original CBD of Nariman Point and Fort area is a staggering 28 years. No wonder the CBD has shown decline in rents in recent years compared to all other micro-markets in Mumbai and corporates have shown consistent preference for the SBDs, especially BKC.