The Latest
India’s Senior Living Market Set to Surge 300% by 2030, Reaching USD 7.7 Billion
India’s senior living sector is poised for explosive growth, projected to expand by over 300% by 2030 to USD 7.7 billion. With the country’s elderly population expected to more than double by 2050, the demand for senior housing solutions is set to surge, creating vast opportunities for developers and investors.
Chennai-Based Real Estate Company Sends 1,000 Employees on All-Expenses-Paid Trip to Spain
Casagrand, a Chennai-based real estate company, is sending 1,000 employees on an all-expenses-paid trip to Barcelona, Spain, as part of its annual Profit-share Bonanza Program. The initiative recognizes employee efforts in achieving strong sales performance and aims to foster a culture of shared success.
Japanese Furniture Giant Nitori to Debut in India with First Store at R City Mall, Mumbai in Dec 2024
Nitori, Japan’s largest furniture and home furnishings brand, will open its first Indian store at R City Mall in Mumbai in December 2024. As part of its global expansion, Nitori aims to open 289 stores worldwide by 2032. The Mumbai store will offer a diverse range of stylish and affordable home furnishings, tapping into India’s growing demand for quality furniture.
Rents Surge 7.4% QoQ Across Major Cities, Rental Yields Increase to 3.62%
Rental prices in major cities across India saw a significant increase of 7.4% quarter-on-quarter (QoQ) between July and September 2024, marking the highest rise in two years. Chennai, Delhi, and Thane led the charge, with sharp rent hikes driven by high demand and limited supply. Meanwhile, rental yields averaged 3.62%, with Ahmedabad recording the highest yield. The report highlights a growing imbalance between rental demand and supply, which is expected to continue influencing prices in the coming quarters.
Onward Workspaces Expands with 18,000 Sq. Ft. Premium Facility at Emaar Capital, Gurgaon, to Serve Global Enterprises
Onward Workspaces has leased 18,000 sq. ft. of premium office space at Emaar Capital, M.G. Road, Gurgaon, marking a strategic expansion to cater to the growing demand for flexible, Grade-A office solutions. The new facility, designed to foster innovation and collaboration, has already secured strong interest, with a UK-based multinational shipping company pre-booking 45% of the available area. This expansion is part of Onward Workspaces’ broader plan to add 150,000 sq. ft. of office space across Delhi NCR by the end of 2024.
