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Global Network for Zero Hosts Leadership Roundtable to Propel India’s Net Zero Transition

The Global Network for Zero (GNFZ) recently hosted a Leadership Roundtable in Gurugram, bringing together India’s top sustainability leaders to discuss strategies for advancing the country’s net zero goals in alignment with the Viksit Bharat 2047 vision. The event emphasized collaborative efforts to overcome barriers to decarbonization, featuring key insights from industry leaders and recognizing outstanding projects achieving significant milestones in their journey toward sustainability.

October 23, 2024

Realty

India Emerges as Global Leader in Global Capability Centres

India has established itself as a premier destination for Global Capability Centres (GCCs), with over 1,800 centres occupying more than 240 million sq. ft. of Grade A office space. Recent reports indicate a projected growth to over 2,300 centres by 2026-27, underscoring India’s strategic importance in the global business ecosystem. The IT/ITeS, manufacturing, and BFSI sectors dominate this landscape, with Bengaluru leading in occupancy.

October 23, 2024

The government of Maharashtra has issued a new circular, effective immediately, canceling the appointment of all Authorized Service Providers (ASPs) for online Leave and License registration. This move aims to simplify the process for citizens and eliminate intermediaries, but it also places new responsibilities on tenants and landlords.

Realty

Office Market Rental Growth Surges Past Pre-Pandemic Levels in 2024

The Indian office market has reached a significant milestone in 2024, as average rents across major cities exceed pre-pandemic levels for the first time since 2019. Driven by a robust recovery in demand, certain core micro markets have seen rental increases of up to 25%. This article explores the city-wise trends, cumulative demand and supply metrics, and the outlook for future growth in commercial real estate.

October 23, 2024

Realty

53% of Affordable Housing Buyers Unhappy with Available Options

According to the ANAROCK-FICCI Homebuyer Sentiment Survey for H1 2024, 53% of affordable housing buyers in India are unhappy with available options, citing issues like poor project location and low construction quality. As demand for larger homes grows, with 51% preferring 3BHK units, interest in affordable housing continues to decline. The survey also shows a significant shift towards premium and luxury homes, indicating changing buyer preferences in the current market.

October 22, 2024

Realty

Dwarka Expressway Property Prices Surge by 15.86% Since Inauguration

According to Geetanjali Homestate, property prices along Gurugram’s Dwarka Expressway have surged by 15.86% since its inauguration. Notable increases in sectors such as Sector 37 D and Sector 108 highlight the strong demand fueled by enhanced connectivity and infrastructure improvements in the region.