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Over 500,000 sq. ft. of office space leased by Chinese companies in Delhi NCR

  

New Delhi: In a recent report released by real estate consulting firm, JLL, Delhi – NCR in India has emerged as the favorite office space destination for Chinese global companies. The report says that China’s biggest corporates are growing rapidly and are creating a strong global economic – system that is influencing global markets. Chinese businesses are expanding their global footprint by targeting emerging markets, acquiring overseas firms and making strategic investments in new technologies.

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The Logical Way of Seeing Real Estate Price Corrections

Buying a house is an important milestone and a lifetime decision for most Indians. After years of saving and diligent planning, one decides to purchase a house. In addition to the increased social stature and financial security implied in home-ownership, a home purchase also helps in big-time tax savings. Also, instead of paying fat rentals, one creates an asset which will appreciate over the long term.

A cursory look at average property prices reveals that overall across the top 7 cities, there isn’t too much variation in 2017 as compared to the previous year. Also, property prices differ in each city and also vary as per the location and its inherent growth drivers. Generally, developers are not in favour of visibly reducing the prices as it transmits negative sentiments in the market.

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Gurugram – The Start-up City

Gurugram is home to around 1,500 start-ups and is the 4th largest start-up hub in India. As the city hosts the behemoths of the start-up industry, it makes sense to delve a little deeper into this fascinating new office space sector in Millennium City.

Emerging commercial office locations in Gurugram, as also in Bangalore, Navi Mumbai and Hyderabad, have benefited significantly from the Indian start-up euphoria. This trend is likely to continue for some time given the availability of large talent pool and availability of real estate spaces. 

The start-up eco-system in India has been a key contributor to the rise in investments and job creation. Many start-ups that commenced operations in later part of the previous decade have already become medium-sized or large companies, particularly if we look at some of the popular e-commerce companies in India today. 

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The Resurgence of Shopping Malls in India

With the advent of e-commerce in India, shopping converged into mobile devices in the form of websites and/or apps. At the click of a button, one could buy groceries, apparel, electronics and almost everything else. For a while, it appeared that ‘couch potato shopping’ was a real threat to physical retail, and that shopping malls will run out of business.

That has not happened – in fact, shopping malls are witnessing a visible resurgence in India. A clear measure of increasing focus on the retail sector is that private equity (PE) players invested more than $700 million into Indian retail in Q1-Q3 2017 itself - around 90% of the investments that came in during the past two years (2015 and 2016).

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New Technologies To Be Adopted By Govt For Housing Projects

New Delhi: Housing and Urban affairs Minister Hardeep Singh Puri on Thurday said that government will adopt new technologies for their housing projects to provide a further boost to the housing sector. 

Addressing the National Seminar on Emerging Building Materials and Construction Technologies in New Delhi, Mr Puri said, to construct new building, green technology is the only option. 

He said, the construction sector has witnessed significant advancements in technology, materials and construction practices.