RECENT RESEARCH
Artificial intelligence (AI) and automation pose a long-run threat to demand for space. However, they will also support high-value human roles and drive productivity. Together, AI, the Internet of Things and alternative workplace solutions will transform the office.
The residential market witnessed a 17% decline in the number of new launches since H2 2016 with 40,600 new units introduced in the first half of 2017 in prime cities.
City reports: Bengaluru | Chennai | Mumbai | Pune | Gurgaon | Noida
The gross office take-up in India amounted to 9.6 mn sq ft in Q2 2017 representing a nominal 2% increase Q-o-Q from 9.3 mn sq ft.
City reports: Bengaluru | Chennai | Delhi | Hyderabad | Kolkata | Mumbai | Pune | Gurgaon | Noida
The state of Maharashtra was one of the frontrunners to notify the rules and set up a website to register the projects. As the Maharashtra government is still in the process of ironing out the details of RERA's implementation; developers, promoters and real estate agents are also trying to adjust to the new environment.
The long awaited Mumbai Draft Development Plan (DP) 2014-2034 is in final stages of approval and likely to be implemented in 2017. To support and achieve the national objective of "Housing for All" by 2022, provisions have been made in the DP to open up additional land for affordable housing projects to target the construction of 0.5 million homes.
India offers a great opportunity for coworking space operators to profit from rising demand for flexible, innovative and collaborative workspace designs. Although it represents only a small share of the total leasing demand, coworking operators are planning to lease 8 to 9 million sq ft by 2020.
