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CBRE introduces integrated solutions for project management; hire 400 more

Real estate consultant CBRE India on Thursday said it has introduced an integrated solution, backed by data and latest technology, for project management and will hire around 400 employees this year in this new business line to provide better services to its clients. The company has been doing project management for more than two decades. It has offered services to more than 1,300 clients and managed over 1 billion square feet area. Now, it has launched an integrated platform, combining multiple services. In a press conference, CBRE announced the launch of a "new integrated, data & technology-led solution platform -- 'Development Solutions' under its project management business line". The company said the integrated solutions will help its clients -- developers and investors -- save up to 12 per cent project cost and also timelines by up to 5 per cent. CBRE India aims to capture 25-30 per cent market share in the next three years. "With Development Solutions, we have expanded our

As employees return to office, more companies opting for flexible offices

A survey by property consultancy CBRE revealed that 47% of companies want to increase the use of flexible office spaces over the next 12 months

EV firms need 13 mn sq ft real estate space by 2030 to meet output target

Electric vehicle manufacturers will need around 13 million square feet of real estate space by 2030 to make targeted 23 million units of two-wheelers and 4 million units of four-wheelers, according to CBRE. Real estate consultant CBRE South Asia released a report, 'Electric Vehicles in India - New Wheels on the Roads', on Thursday that focuses on the trends, growth, and influence of electric vehicles (EVs) on the real estate sector in India. "Real estate requirements of manufacturing facilities of 4-wheeler and 2-wheeler (4W and 2W) electric vehicles is estimated to be around 13 million square feet by 2030 as a result of the government's EV adoption targets," it said. Moreover, EV battery manufacturing facilities would require 2,400 acre of land to accommodate the production of 200 GWh of batteries by 2030. By 2030, this real estate requirement will allow a production capacity of about 4 million units of 4Ws and 23 million units of 2Ws. The Indian EV market is expected to grow at

India likely to see listing of 4 REITs in next 18 months: CBRE India head

REIT, a popular instrument globally, was introduced in India a few years ago to attract investment in the real estate sector by monetising rent-yielding assets

Luxury housing sales in Indian cities surge 151% in Q1 2023: Report

Delhi-NCR, Mumbai, Hyderabad, Pune and Kolkata lead in such property transactions

Sales of luxury flats soars 2.5 times across 7 cities in March quater

Sales of luxury residential properties -- each priced Rs 4 crore and above -- jumped 2.5 times to 4,000 units in January-March this year across 7 cities on strong demand for large apartments with better amenities, according to CBRE. In its report, real estate consultant CBRE said the sales of luxury homes stood at 1,600 units in the year-ago period. As per the data, sales of luxury flats in Delhi-NCR jumped over three-fold to 1,900 units in the March quarter from 600 units in the year-ago period. Sales of premium apartments in Mumbai increased to 1,150 units from 800 units. In Pune, sales stood at 150 units, a sharp jump from 10 units in the year-ago period. Bengaluru saw flat demand at 50 units. Sales of luxury homes doubled to 100 units from 50 units in Kolkata. Hyderabad witnessed more than eight-time rise to 430 units from 50 units. Sales of luxury apartments in Chennai rose five times to 250 units in January-March 2023 from 50 units in the corresponding period a year ago.

Luxury segment housing sales up by 151%, Delhi-NCR leads with 216% growth

The post-pandemic rise in ownership of luxury housing is believed to be a result of a changed mindset of the homebuyers

Real estate demand firm, retail leasing up by 130% YoY: CBRE Report

High-ticket projects that cost Rs 1.5 crore or more would continue to see high-demand. The impact of rising home loan interest rates is likely to be limited

Nearly 6,800 acre land acquired for $12.2 bn in 2018-22 for projects: CBRE

Nearly 6,800 acres have been acquired by real estate developers and investors for more than USD 12.2 billion during 2018-22 period to construct greenfield realty projects, according to property consultant CBRE India. The consultant released a report 'Indian Real Estate - Betting on a Capital Future' on Tuesday. "The land acquisition space has been buzzing with higher interest primarily from developers in the recent past. On a cumulative basis, nearly 6,800 acres of land have been acquired by developers and investors during 2018-22," the report said. The activity has especially accelerated in the past two years, with nearly 60 per cent of the land being acquired from January 2021 onwards. "The fact that 2022 was a landmark year in terms of land activity is indicative of the long-term bets that investors are willing to take on the real estate sector in India," said Anshuman Magazine, Chairman and CEO - India, South-East Asia, Middle East and Africa, CBRE. The report mentioned that o

Real estate sector gets $32 bn equity capital in 2018-2022, says CBRE

Real estate sector has received an equity capital of USD 32 billion during the last five years and is expected to attract USD 12-13 billion during 2023-24 with office assets likely to garner maximum fund, according to CBRE. Real estate consultant CBRE has estimated that equity flows in real estate sector will remain steady with expected investment at around USD 12-13 billion over the next two years with an average USD 6-7 billion flow per year. Equity investments include those by private equity funds, pension funds, sovereign wealth funds, institutional investors, real estate developers, investment banks, corporate groups, and REITs, etc. CBRE expects that office assets would continue to garner a majority share of total institutional inflows, followed by Industrial & Logistics (I&L) and sites/land parcels. In addition, alternative investments, particularly in data centres, may take off. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, ..

Mumbai ranks 7th as preferred destination for real estate investments

Mumbai is at seventh position in Asia Pacific as a preferred destination for cross-border investments in real estate sector, according to property consultant CBRE India. The consultant on Friday released its '2023 Asia Pacific Investor Intentions Survey'. "Mumbai is ranked 7th among the 10 APAC cities and emerged as a preferred destination for cross-border investment in the region," it said. Mumbai ranks ahead of Shanghai (ranked 8), Hanoi (ranked 9) and Seoul (ranked 10) on the list. No other Indian city had featured in the list in the last two years. Tokyo topped the chart for the fourth consecutive year as the target market for cross-border investment, followed by Singapore. Vietnam continues to benefit from its status as a 'China-plus One' destination. The survey, polled more than 530 Asia Pacific-based investors across a range of investor types from developers, private investors, and REITs to institutions such as insurance companies, pension funds and sovereign wealth funds,

Leasing of industrial, logistics space highest in NCR in 2022: CBRE

Leasing of industrial and warehousing space was highest in Delhi-NCR and adjoining areas during 2022 at 7.3 million square feet driven mainly by demand from third party logistics and e-commerce firms, according to CBRE. The leasing grew by 6 per cent in Delhi-NCR to 7.3 million square feet in 2022 from 6.9 million square feet in the previous year. In its latest report, CBRE said that the leasing of industrial and logistics space across eight major cities rose 8 per cent to 31.6 million square feet in 2022 from 29.4 million square feet in the previous year. Commenting on the report, Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, "The intent to strengthen supply chain among global and domestic companies drove the leasing activity in 2022." The leasing activity in 2023 is expected to remain range-bound, driven by sustained demand from 3PL (third party logistics), engineering & manufacturing and retail firms, he added. "On the ...

India Inc beats US firms in office leasing for first time in 2022: CBRE

Indian companies have overtaken American firms in gross leasing of office space for the first time, with almost a 50 per cent share in the total demand, according to CBRE India. In its report released on Thursday, CBRE said that the gross leasing of office space rose 40 per cent in 2022 to 56.6 million square feet across nine major cities from 40.5 million square feet in the previous year. Out of the total absorption of office space in 2022, 27.73 million square feet area was leased by domestic firms while 20.37 million square feet by American companies, according to CBRE. The total gross leasing of office space in 2022 was the second-highest leasing activity ever after it touched the peak in 2019 with a 65 million square feet area. "In a first, domestic firms overtook American firms in annual leasing, accounting for nearly half of the leasing share in 2022, mainly led by flexible space operators, technology corporates and BFSI firms," CBRE said. Bengaluru, Delhi-NCR and Mumbai ..

Greenfield construction cost for developers up 5-7% in Q3 2022: Report

Labour cost increased 8-10% and reinforcement steel prices went up about 20%, says study scanning cities

Retail leasing rises 114% Y-o-Y, crossed 3.4 mn sq ft in 9 months: Report

Hyderabad, Delhi- NCR, Mumbai, and Bangalore account for 79% of overall retail space absorption

Retailers, mall developers eye growth beyond metro cities, says report

Growing internet usage has whetted the appetite for quality products in these cities and has given a fillip to e-commerce too

Office space leasing activity up 66% YoY in Jan-Sept of 2022: CBRE report

Benguluru, Delhi-NCR and Chennai led the space absorption, together accounting for 62% of total transaction activity in the first nine months of the Calendat year

Data centre business to double by 2024, demand to help real estate: Reports

Investments in data centres expected to surpass $20 billion by 2025, with smaller cities gaining too

Land deals worth $1.1 bn closed in Jan-Jun across top 8 cities: CII-CBRE

About 700 acres of land have been acquired for over USD 1.1 billion during January-June across eight cities to develop housing, office, retail, logistics and data centre projects, according to a CII-CBRE report. Industry body CII and property consultant CBRE India on Wednesday released the report Indian Realty Outlook - Demystifying Future growth opportunities at a real estate conference here. "We are quite optimistic about the real estate sector. But we need to be cautious considering global factors," said Anshuman Magazine, Chairman & CEO, India, South-East Asia, Middle East & Africa, CBRE. He said all segments of real estate in the 2022 calendar year will perform better than last year, because of higher demand for apartments as well as commercial, data centre and warehousing spaces. However, Magazine said there is a need for caution in view of rising interest rates, higher commodity prices and possible recession in US and European economies. He also pointed out that land ...

Tech, engineering, manufacturing firms lead office space in Chennai: Report

As per the latest office report 'CBRE India Office Figures Q1 2022', the total office leasing for the quarter (ending March 31, 2022) was at 2.3 million square feet in Chennai