Page 2 - Land Leasing

Outsiders can't buy land in U'khand till panel on land laws submits report

District Magistrates in Uttarakhand have been asked not to clear any proposal from outsiders to buy land in the state for the purpose of agriculture or horticulture till the submission of the report of the committee on land laws of the state. An order to this effect was issued to all DMs on Sunday on the instructions of Chief Minister Pushkar Singh Dhami. It has been decided in public interest that till the submission of the report of the Land Law Committee or till further orders, the District Magistrates will not have the final say in granting permission to proposals from persons outside Uttarakhand to purchase land for the purpose of agriculture and horticulture in the state, an official release here said. Dhami held a high-level meeting on Sunday to discuss the issue and directed officials that a detailed public hearing should be conducted by the committee to review land laws of the state in which people and experts from various fields should be heard. According to an amendment

Industrial & Logistics sector leasing to touch 5-year high in 2023: CBRE

In the July-September quarter, Chennai recorded the highest absorption of 2.1 msf followed by Bangalore and Mumbai

Land leasing needs a sound law

The concept of imposing limits on land ownership and acquiring surplus land for allocation to landless people, in fact, seldom served its intended objective of equitable distribution of farmland

Leasing data shows BFSI sector has bounced back from pandemic lull

The rise in leasing by BFSI companies has been attributed to the return to office and improved domestic financial sector outlook

Retail leasing in India jumped 24% between January and July: CBRE report

CBRE said that as more international brands aim to enter India, they are witnessing growing traction in the luxury segment

Leasing of industrial space up 7% in Jan-Jun across tier I, II, III cities

Leasing of industrial and warehousing space rose 7 per cent during January-June to 22.4 million square feet across tier I-III cities mainly on better demand from third party logistics players and manufacturing units, according to property consultant Savills India. The absorption of industrial and warehousing space stood at 20.9 million square feet in the same period last year. Tier I cities accounted for 75 per cent of the total absorption in the first half of 2023, while tier II and III contributed the remaining 25 per cent, the consultant highlighted. Tier I includes cities like Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Delhi-NCR, and Pune. Tier II and Tier III cities include Guwahati, Bhubaneshwar, Patna, Hosur, Coimbatore, Rajpura, Lucknow, Jaipur, Nagpur, Indore and Surat. As per the data, the leasing in Tier I cities rose 4 per cent to 17.4 million square feet during January-June from 16.8 million square feet in the year-ago period. In tier II and III cities

US Prez Biden plan to sell land leases for conservation gets pushback

Biden administration officials on Monday sought to dispel worries they want to exclude oil drilling, livestock grazing and other activities from vast government-owned lands, as they faced pushback from Republicans and ranchers and over a contentious proposal to put conservation on equal footing with industry. The proposal would allow conservationists and others to lease federally owned land to restore it, much the same way oil companies buy leases to drill and ranchers pay to graze cattle. Leases also could be bought on behalf of companies such as oil drillers who want to offset damage to public land by restoring acreage elsewhere. But more than a century after the US started selling grazing permits and oil and gas leases, the proposal is stirring debate over the best use of public land, primarily in the West. Opponents including Republican lawmakers and agriculture industry representatives are blasting it as a backdoor way to exclude mining, energy development and agriculture. Trac

Govt plans panel to help resolve state-owned firms' land disputes

Land is a state subject in India, with both the Parliament and state assemblies able to write laws around certain land rights

Retail leasing may rise 17-28% this year to 5-6 mn sq ft in top 8 cities

Leasing of retail space in malls and prominent high-street locations across eight major cities is expected to rise 17-28 per cent to 55-60 lakh square feet, driven by demand from retailers in fashion & apparel, homeware, and departmental stores categories, according to CBRE India. Real estate consultant CBRE South Asia Pvt Ltd on Wednesday released its report, '2023 India Market Outlook' that highlights key trends and projections for realty sector. "Retail leasing is expected to touch 5.56 million (55-60 lakh) square feet in 2023, the highest level after the 2019 peak of 6.8 million (68 lakh) square feet. It is expected that primary leasing in newly completed malls will remain the key driver of retail space demand in 2023," the consultant said. Figures denote leasing of space in investment-grade malls, prominent high streets and standalone developments. The eight cities tracked are Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune. After the 2019-peak, .

Land lease continuity for Rail landholders, more clarity for Concor sale

Latest Railways circular also offers details on various terms of the new 'land lease policy' approved by Cabinet last month; existing landholders can extend their lease for up to another 35 years

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 ...

Railways eyes Rs 30,000-crore revenue with new land licensing fee policy

Sources also indicated that the current policy was causing a lot of leasable Railways land to go idle, notwithstanding the potential for terminal operations

CCEA revises Railway's industrial land lease policy; lowers fee to 1.5%

Move likely to pave way for Concor's strategic sale

Leasing of industrial & warehousing space up 7% in Jan-Jun across 5 cities

Leasing of industrial and warehousing spaces across five cities rose 7 per cent to 10.8 million square feet in January-June period on better demand, according to Colliers India

Lease rental discounting rates lowest in 10 years for top realtors

Fall 200 bps in 24 months as banks struggle to deploy credit

Canada firm may be roped in to advise land special purpose vehicle

The government has been trying to replicate the Canadian model for National Land Monetisation Corporation

J&K DCs authorised to transfer agricultural land for non-agriculturalist

The Jammu and Kashmir administration on Tuesday authorised the district collectors to alienate agricultural land to a non-agriculturist for extending the primary activity on a larger commercial scale. "The Administrative Council (AC), which met here today under the chairmanship of Lieutenant Governor, Manoj Sinha, authorised the District Collectors to grant permission to an agriculturist to alienate land to a non-agriculturist subject to certain conditions and procedure for extending primary activities on larger commercial lines and reap benefits under economy of scale," an official spokesman said here. The spokesman said there have been multiple demands by Mahajans, Khatris and Sikhs for right of sale-purchase of agriculture land for investment in agriculture and allied activities. "Their resentment existed on the statutory provision that defined certain section of the society as agriculturist class who alone were eligible to own agricultural land under J&K Land Alienation Act ...

Kolkata Port sails on asset monetisation, intends to expand portfolio

India's oldest port has been leasing its vast land bank for decades. With the Budget announcing plans to monetise public assets, it intends to expand its portfolio and extend to non-land assets, too

Universalise benefits

Everyone must have access to basic facilities

IBM to Cognizant, global tech firms ink large leasing deals in Bengaluru

The lease deal has a tenure of five years and IBM will pay a rent of Rs 75 per sq ft or Rs 65 crore per year