Foreign funds avoid real estate; invest only $11 mn in Jan-Mar: Vestian
Posted on 15th April 2024
Institutional investments in real estate declined 55 per cent annually in January-March this year to USD 552 million as cautious foreign investors stayed away, pumping in only USD 11 mn, according to Vestian.
SEBI notifies SM REITs: Move to regulate fractional ownership
industry and safeguard investors’ interests
Posted on 10th March 2024
The recent decision by SEBI is expected to have a positive impact on
the emerging fractional ownership of both residential and commercial
assets, say experts.
Institutional investments from domestic investors in realty sector
up 120% in 2023 to $1.5 billion
Posted on 12th January 2024
The inflow of funds from domestic investors, Vestian report said,
stood at $1511 million ($1.5 billion) last year, registering a growth
of 120 per cent from $687 million in the 2022 calendar year.
VESTIAN EXPANDS WEST COAST PRESENCE WITH KEY EXECUTIVE HIRE
Posted on 08th January 2024
Vestian, the fastest-growing commercial real estate firm in the U.S.,
announced continued growth with the expansion of their Arizona office.
Vestian has welcomed a new senior executive who will bolster Vestian’s
West Coast tenant representation offering. The expansion comes as a
result of increased client needs and part of Vestian’s continued
strategic growth plan objectives.
Indian investors keen on Dubai market, invest $335 million in H1
2023: report
Posted on 26th December 2023
Indian Foreign Direct Investments (FDI) in Dubai surged to $335
million in H1 2023, marking a substantial increase from the $221
million recorded in the same period in 2022, according to Vestian.
Co-working gets hybrid work push
Posted on 5th December 2023
For FY24, it is targeting an estimated revenue of Rs 1,800 crore,
according to chief executive Karan Virwani.
Hyderabad Emerges as India’s Top Office Space Market, Surpasses
Bengaluru, Delhi NCR
Posted on 22th November 2023
According to Vestian, Hyderabad’s office space leasing demand
skyrocketed by 270 per cent in Q3 2023, making it the top market in
India, outshining other major markets such as Bengaluru and Delhi NCR.
Bengaluru bucks national trend of robust demand for office space
Posted on 21th November 2023
The city, which has been topping the absorption of commercial space,
saw a 28 per cent decline in office space leasing in the
July-September quarter, according to a report tabled on Monday by the
property consultancy firm, Vestian.
Institutional Investments In Housing Segment Rises 71% In
July-September: Vestian
Posted on 26th October 2023
Institutional investments in residential assets rose 71 per cent to
USD 298.3 million during the July-September period, according to real
estate consultant Vestian.Housing segment had attracted an
institutional investment of USD 174.3 million in the year-ago period.
Average office rent in top 7 cities at Rs 33-Rs 166/sq ft; cost
effectiveness to boost demand: Vestian
Posted on 1st October 2023
The demand for office spaces in India is expected to be buoyant amid
current macroeconomic uncertainty across the globe as companies are
majorly focusing on optimizing operational costs for their businesses.
Flexible office space stock to rise 52 per cent by 2025 to 81 mn sq
ft on strong demand from corporates: Vestian
Posted on 20th September 2023
Flexible office space stock is estimated to rise 52 per cent by 2025
to 81 million square feet with operators expanding their business to
tap rising demand, according to Vestian. Flexible office space
operators currently have 53.4 million square feet area under
operations and the number is estimated to reach 81 million square feet
by 2025.
Avg Monthly Rent Of Warehousing Space Up 4% In Delhi-NCR In First
Six Months Of 2023: Report
Posted on 16th August 2023
The average monthly rent of warehousing and logistics space in and
around the national capital region rose 4 per cent annually to Rs 22.5
per square feet in the first six months of this year on higher demand,
according to real estate consultant Vestian.
Office realty is a ‘radioactive’ investment in the US. Can India
stay insulated for long?
Posted on 03rd August 2023
In the US, the hybrid work model and a wave of tech layoffs have
created an over-supply of workspaces. In India, while things are not
dire, the long-term impact on office demand is shrouded in doubt. Even
here, MNCs that dominate the rental-office market are considering
hybrid work. If that happens, the demand for commercial property may
fall.
India’s real estate sector received $1.6 bn investment in Apr-June:
Report
Posted on 01st August 2023
The institutional investment worth $1.6 billion was led by foreign
investors and commercial assets such as hospitality projects, offices,
retail, etc
New supply of office space down 25pc in April-June in top 7 cities;
NCR, Mumbai see steep fall: Vestian
Posted on 29th July 2023
New supply of office space fell 25 per cent to 11.30 million square
feet during April-June across seven major cities amid subdued demand
and high base effect, according to Vestian.
Bengaluru, Hyderabad, Chennai account for 59% of total office
leasing demand across 7 cities
Posted on 21th July 2023
South Indian cities Bengaluru, Chennai and Hyderabad dominated office
demand, contributing 59 per cent of total office leasing across the
top seven cities during the quarter ended June, according to real
estate consultant Vestian.
Bengaluru, Hyderabad, Chennai account for 59% of total office
leasing across 7 cities in Apr-Jun: Vestian
Posted on 21th July 2023
As per the data, the combined office leasing in three major southern
cities stood at 8.2 million square feet, out of a total 13.9 million
square feet absorbed in the April-June quarter of this calendar year.
Financial District Among Fastest-Growing Commercial Locations, Says
Vestian
Posted on 29th June 2023
The Financial District in the west zone of Hyderabad is rapidly
gaining recognition as one of the fastest-growing commercial locations
in the region. This micro-market, strategically positioned on the
Outer Ring Road (ORR), enjoys seamless connectivity to other parts of
the city, making it a preferred choice for giant IT-ITeS companies
from around the world.
Builders can breathe easy
Posted on 13th May 2023
The country’s consumer price index inflation touched 6.4% in February,
marking it the second consecutive month in which retail inflation
remained well above the Reserve Bank of India’s acceptable range.
Augmenting Valuation And Longevity In Commercial Real Estate
Posted on 10th May 2023
Environmental, social, and governance (ESG) factors have become a
necessity rather than a trend across industries, including the
commercial real estate (CRE) industry in India. As more investors
demand responsible and sustainable investments, companies are taking
ESG into account when making decisions related to their real estate
holdings.
Budget 2023: Real estate sector seeks increased tax rebate on
housing loan rates, LTCG rationalisation
Posted on 23th January 2023
Real estate sector seeks higher income tax rebate on housing loan
interest rate. Raising the Rs 2 lakh tax rebate to at least Rs 5 lakh
expected to generate healthier housing demand.
Appetite for home ownership was undeterred
Posted on 30th December 2022
Real estate industry has largely emerged out of the pandemic-induced
adversities as depicted by the favourable figures in both residential
and office markets, says industry expert Shrinivas Rao
WeWork India expects to clock revenue of Rs 1,500 crore in FY23: CEO
Karan Virwani
Posted on 14th December 2022
The firm clocked 250% growth in earnings before interest, taxes,
depreciation and amortisation (EBIDTA) registering Rs 175 crore profit
in 2022, as against a loss of Rs 120 crore last calendar year
How TOD is transforming realty
Posted on 6th December 2022
Most of the development regulations drafted for TOD promote mixed-use
development, which in turn helps in creating commercial zones
residential and social infrastructures
Office Absorption Witness 24% Growth in Q3
Posted on 2nd December 2022
Office space absorption across seven major cities of the country was
recorded at 13.1 million sqft during Q3 2022, registering a growth of
24% when compared with the same period last year
COP27: Charting India’s Move Towards Zero-Carbon Emission
Posted on 10th November 2022
Institutional investment in Indian real estate recorded an inflow of
USD 3.4 billion during the first nine months of 2022, according to a
report by Vestian, in association with FICCI.
Commercial assets accounts for 60% of institutional investment, says
new report
Posted on 21th October 2022
Institutional investment in Indian real estate recorded an inflow of
USD 3.4 billion during the first nine months of 2022, according to a
report by Vestian, in association with FICCI.
Warehousing, logistics space leasing down 9% across 7 cities in
Jan-June
Posted on 25th August 2022
High inflation and global headwinds slowed down demand for warehousing
and logistics spaces during January-June as leasing dipped 9 per cent
annually across top seven cities, a report said.
The buyer may wait a little longer
Posted on 16th August 2022
The RBI has increased repo rate by 50 bps, the third consecutive rate
hike in the last two months, thus signaling an end to the all-time
low-interest rates regime.
NCR accounted for maximum share of real estate investments in H2
2022: Report
Posted on 11th August 2022
NCR accounted for the maximum amount of real estate investments in H2
2022, attracting 21% share of the total investment, according to
Vestian report ‘Institutional Investment in Indian Real Estate: H1
2022′.
It’s Advantage Bengaluru
Posted on 30th July 2022
Bengaluru has gained the epithet of being the foremost office
destination in the country. The fact that it is one of the fastest
growing metropolitan regions in the country, along with the added
advantages of a salubrious climate, a vibrant cosmopolitan population,
and a growing knowledge economy, provides the city with an edge over
other key Indian cities.
Vestian Announces Significant Growth and Expansion Of Their New York
Office
Posted on 29th July 2022
Vestian announces the expansion of its New York City office, making it
Manhattan’s third- largest tenant rep firm. The expansion is a result
of increasing demand for fair and transparent real estate advisory in
Manhattan and across the nation.
Record growth in office space absorption in Hyderabad: Survey
Posted on 26th July 2022
Hyderabad has witnessed record growth in office space absorption in
the April-June quarter at 2.4 million square feet. This is the 90 per
cent growth over the office space absorption in Q2 2021, said a
survey.
Office space getting traction in city: Ficci
Posted on 8th July 2022
Report finds western hub of city continues to attract firms.
Despite WFH, Bengaluru leads in office market
Posted on 8th July 2022
Bengaluru has led the way in absorption of offices and even completion
of new office spaces, despite work from home arrangements due to the
pandemic, followed by Hyderabad.
Retro-Fitting Office Buildings
Posted on 4th July 2022
With net zero commitments leading nations and businesses to create
strong action plans, the focus is fast moving towards a more
sustainable time ahead. Amidst the flurry of new zero pledges, it is
imperative to bolster them with plausible and rational propositions.
Given that the real estate sector is a key component of urban
development, it evidently forms the nucleus of the goal of creating an
environmentally sustainable future.
Vestian Secures New HQ for Headline Solar in Bell Works Development
Posted on 27th April 2022
Vestian announced it has successfully secured a new 15,000 square foot
Headquarters space for Headline Solar, the fastest-growing solar
company in the Midwest. The Vestian team representing Headline
includes Gregg Espach, Executive Managing Director; Patrick Kobilca,
Director; and Bryant McKenzie, Associate.
Good prospects for warehousing, logistics sector
Posted on 25th March 2022
The warehousing and logistics sector, today, holds substantial
prospects with its growth surpassing the performances of other real
estate asset classes. Not surprisingly, the sector saw institutional
investment of USD 1.09 billion in 2021, accounting for the second
highest investment quantum during the year, after the commercial
assets segment.
Vestian Grows West Coast Industrial Offering with Expansion of L.A.
Office
Posted on 22nd March 2022
Vestian announced the continued growth with the expansion of their Los
Angeles office. The L.A. office has welcomed three new executives who
will bolster Vestian’s West Coast industrial offering. The expansion
comes as a result of increased client needs within the industrial
sector. Leading the Los Angeles office is Bruce Hoffman, Managing
Director, who welcomes Ben Spinner, James Vu, and Angel Ruiz to drive
Vestian’s industrial sector across the West Coast.
Vestian Continues Rapid Growth with Establishment of Miami Office
Posted on 22nd March 2022
Vestian announced furthered growth with the establishment of their
Miami, FL office. Miami is Vestian’s second Florida office, joining
Tampa which was established in 2021. The expanded Florida footprint
comes as a result of increased client needs, particularly involving
relocation and supply chain strategy. Overseeing the Florida offices
is Jamie Puddicombe, Managing Director, who enlisted Samuel Cohen to
help drive the Miami presence. Samuel is a South Florida native, who
has dedicated his career to serving occupiers both in the Miami
market, and nationally.
Vestian Establishes Higher Education & Public Institutions
Practice
Posted on 17th February 2022
Vestian announces the formation of its Higher Education & Public
Institutions (PI) practice group. The establishment of the Higher
Education practice further expands Vestian’s global offerings. Leading
the practice in Cleveland is industry veteran Kevin Slesh.
Focus on infra
Posted on 4th February 2022
“The Union Budget 2022-23 came at a time when there was an uptick in
the country’s economy, raising anticipations of the real estate
sector. However, while the budget did not turn up with any major
announcements to address the issues of the real estate industry
directly, ..
Commercial, industrial, logistics, data centre projects to benefit
from Budget: Realty consultants
Posted on 1st February 2022
New Delhi, Feb 1 (PTI) The infrastructure status to data centres, new
legislation to replace SEZ Act and focus on logistics infrastructure
in the Budget will benefit the real estate sector, according to
property consultants. Anshuman Magazine, chairman and CEO (India,
South East Asia, Middle East & Africa) of CBRE, said: “The real
estate sector is further buoyed by the fact that the Special Economic
Zones Act will be replaced with a new legislation for the development
of enterprise and hubs.”
Cautious optimism in real estate
Posted on 30th January 2022
2021 saw a fair amount of traction across most asset classes, barring
the second quarter of the year. As we step into 2022, there is
cautious optimism governing the real estate market, given the threat
of the Omicron variant looming large on the horizon. Nonetheless here
are some key expectations for the period.
Office rent drops up to 6% in these 4 major cities in Q3: Report
Posted on 29th January 2022
Average office rental fell by up to 6 per cent year-on-year during the
December quarter in Mumbai, Chennai, Hyderabad and Kolkata on lower
demand for workspace amid the Covid pandemic, while it remained stable
in Pune and Delhi-NCR, according to Vestian.
Hyderabad, Bengaluru lead the way in office completions: Vestian
Posted on 27th January 2022
HYDERABAD: Hyderabad along with Bengaluru led the way among the top
seven cities when it comes to both office space absorption and new
office completions in 2021, as per realty consultancy Vestian.
Are Data Centers the Next Big Move for Office Investors?
Posted on 20th January 2022
There is so much conflicting information about the office market
today. Vestian is setting the record straight. In short – investors
should do some heavy due diligence and think carefully before diving
in.
‘There weren’t that many lows’: Chicago industrial roller coaster
expected to continue riding high in 2022
Posted on 18th January 2022
Where is the 2022 industrial real estate market headed? Check out our
take.
Michael Silver
sat down with
RE Journals
to provide Vestian’s outlook on the market’s trends.
Offices Are Leased Up, Thanks to Cash Gifts for Tenants, Months of
Free Rent
Posted on 18th January 2022
Check out Michael Silver’s commentary with The Wall Street Journal
where he sheds light on the current trends that are skewing today’s
inflated office vacancy and rental rates.
When the foundation is strong…
Posted on 25th December 2021
The year 2021 held renewed hope of revival of the economy with a slew
of vaccinations announced to counter the pandemic. The industry had
hardly breathed a sigh of relief with the commencement of the
vaccination programmes when the second wave struck, bringing business
activities to a standstill anew.
Vestian Establishes West Coast Hub With New Denver, Colorado Office
Posted on 2nd December 2021
Vestian announces the establishment of its West Coast hub with the
opening of a Denver, Colorado office. The establishment of its new
Denver office is a result of increased client needs as well as
Vestian’s ongoing strategic growth plan objectives.
Buzz returns to office space
Posted on 26th November 2021
Office space occupiers are preparing for their employees to return to
the workplace, and a large chunk of the transactions in this sector in
Q3 2021 was attributed to term renewals, according to the quarterly
newsletter – The Connect Q3 2021 – of commercial real estate services
firm Vestian.
Housing sector sees revival in June quarter, new launches rise 241%
Posted on 17th August 2021
In another sign of revival of the economy, the residential real estate
segment witnessed the launch of several new projects across key cities
during the second quarter of the calendar year ended June.
Vestian Continues To Rank Amongst India’s Great Mid-Sized Workplaces
Posted on 5th JULY 2021
Vestian continues to rank amongst India’s great mid-sized workplaces
2021. This is the second year in a row that Vestian has received this
honour. It is a testament to the strong team dynamics, cohesion,
strength, and efforts of our employees.
Vestian continues to rank amongst India’s great mid-sized workplaces
Posted on 29th June 2021
Vestian continues to rank amongst India’s great mid-sized workplaces,
2021. This is the second year in a row that Vestian has received this
honour. This recognition is an acknowledgement of the hard work of the
employees, their trust in the organisation and their pride in their
work amongst other aspects.
Vestian Acquires Juniper Solutions
Posted on 17th June 2021
Juniper, a leading specialty consulting firm, brings deep expertise in
site selection, economic development, and commercial real estate
consultancy. Juniper has a successful track record in growing
economies through thoughtful real estate strategy and economic
development advisory. Juniper’s clients include Fortune 1000
companies, privately held firms, health care organizations, higher
education, the utility sector, retailers, and economic development
organizations throughout America. The firm is led by industry veterans
Dennis Burnside and Scott Pollock, who have a combined 50 years of
real estate experience.
Preparing to Open Up With a 3rd Wave in Mind
Posted on 11th June 2021
Over a year has passed by since the Covid-19 outbreak changed industry
norms across the world. In the case of the commercial real estate
market, it led to deeper contemplation of various work elements and
brought into focus the sector’s segregation of its ‘needs’ from its
‘wants’, even as offices turned to empty spaces at an alarming rate.
The era of remote working had begun, so proclaimed many. Yet, the jury
could not concur if that were a boon or a bane for industry.
Bengaluru leads office space leasing in Q1 FY 2021
Posted on 31st May 2021
Bengaluru remains the preferred destination for office space and
continued to lead the way in absorption accounting for a 40 per cent
share of the total leased space during the first quarter.
Hyderabad pips Bengaluru & Chennai in new housing launches:
Report
Posted on 30th May 2021
HYDERABAD: India’s Hi-Tech city, Hyderabad, accounted for nearly 45%
of the total new residential launches during the first quarter of 2021
among four key cities of the country, including Bengaluru, Kolkata and
Chennai, according to real estate consultancy firm Vestian.
Growth, in challenging times
Posted on 13th March 2021
The recently presented State Budget promises to bring buoyancy to the
residential market, improve connectivity, and promote industrial
townships. By Shrinivas Rao
This is What the Upcoming Tenant’s Market Will Look Like
Posted on 24th February 2021
Think there is a tenant’s market right now? Stay tuned. As the nation
begins to climb out of the depths of the COVID-19 crisis, landlords
will “battle” over office tenants, according to a new report from
Vestian, creating a tenant’s market unlike any other over the past few
decades.
Office space absorption hits five-year low in Bengaluru
Posted on 17th February 2021
The absorption of office space in Bengaluru has hit a five-year low in
2020 as the Covid-19 pandemic caused a huge disruption across sections
of the economy.
Bengaluru residential real estate market expected to see measured
revival in coming quarters
Posted on 18th February 2021
Bengaluru residential market is expected to witness a measured revival
in the forthcoming quarters, buoyed by the gradually opening up of the
economy post the phased lifting of the lockdowns and the ongoing
vaccine drive instilling confidence into market.
Looking Ahead: Commercial Real Estate Expert Outlook for 2021
Posted on 5th February 2021
CommercialCafe asked Vestian Chairman, Michael Silver, and other
industry experts to share their thoughts on the outlook for 2021. What
do tenants need in terms of office density? Have there been changes in
preferred lease terms? What are their thoughts on growing interest in
commercial properties in suburban markets? Read more for Michael’s
take:
Affordable housing gets a push
Posted on 2nd February 2021
The Union Budget 2021 has been one of the most awaited events this
year. Slated to be ‘a budget like no other,’ it held a momentous
bearing on the economy’s growth trajectory as it strove to steady
itself after the Covid-19 pandemic and the subsequent economic
upheaval.
Real Estate Firms Shift Focus From Office, Retail to Digital
Infrastructure
“It’s logical that capital is flowing from hotel and retail, and even
offices, to multi-tenant data centers,” said Michael Silver, chairman
of Vestian. “The space is getting crowded with private equity going
into it: The money is paying something like 20 times [cash flow] with
a 5% cap.”
Vestian Expands Global Footprint
Posted on 2nd February 2021
Vestian, a global commercial real estate firm, announces the expansion
of its European, Middle East and Africa (“EMEA”) operation with the
opening of its London office. Headquartered in Chicago, and with
offices throughout the U.S., India and China, the opening of the EMEA
office further expands Vestian’s global presence
Vestian secures strong deal for Lulu’s new HQ amid turbulent market
Posted on 1st February 2021
Morrisville, NC-based publisher, Lulu, scores deal for new
headquarters space in Research Triangle Park amid turbulent office
market. Vestian’s Brad Armstrong, Executive Managing Director,
represented Lulu in the successful transaction.
Bengaluru attracts highest investment in real estate in 2020
Posted on 19th January 2021
Bengaluru has emerged as the top destination for institutional
investment in the real estate in 2020 despite the Covid-19 pandemic
causing huge disruption in the growth of the sector.
What lies ahead of real estate sector in 2021
Posted on 4th January 2021
The Covid-19 pandemic has impacted nearly every industry, including
the real estate sector, and its impact will continue to influence the
market long after the virus has been eradicated.
Impact of Pandemic on Commercial Real Estate (Podcast)
Posted on 8th December 2020
LISTEN: Vestian Chairman, Michael Silver, was live on Bloomberg radio
discussing the changing national real estate dynamic and the effects
COVID has had on commercial real estate. Listen to the informative
recording highlighting the key impacts COVID has on the US market and
the opportunities it presents to businesses that lease and invest in
real estate.
The changing face of flexible workspace against the COVID-19
backdrop: survive and thrive
Posted on December 2020
As businesses rethink their workspace utilisation, builders and
developers have been quick to get their act together to offer a slew
of options to businesses with attractive flexible workspace plans in
keeping with their requirements.
Vestian Expands Raleigh, North Carolina Office Providing End-to-End
Real Estate Solutions
Posted on November 2020
Vestian announces the doubling of its Raleigh, North Carolina office.
Joining the Raleigh team are managing directors Michael Morgret, Steve
Paramski and Mark Urbanowicz. The team, led by Brad Armstrong,
Executive Managing Director, has already earned a reputation for its
deals and accomplishments in the Raleigh-Durham market having
collectively completed over 1.5 million square feet of projects in the
Triangle area.
Real estate firm Vestian bulks up in Raleigh, adds veteran brokers
Posted on November 2020
A Chicago-based real estate firm is doubling down on its presence in
the Triangle – literally – with the addition of three new managing
directors after a bustling first year in Raleigh.
Real estate firm Vestian bulks up in Raleigh, adds veteran brokers
Posted on November 2020
Vestian announced that managing directors Michael Morgret, Steve
Paramski and Mark Urbanowicz have joined the Raleigh office. Together,
the three-man team has 42 years’ experience in the industry and made
the move to the Triangle for the region’s growing business activity
and lifestyle offerings. Vestian launched its on-the-ground presence
in the Triangle last year with a team led by executive editor Brad
Armstrong.
Cochlear Manufacturing and R&D Facility in Chengdu, China
Posted on November 2020
WATCH: Vestian’s team executes state-of-the-art project for Cochlear’s
Manufacturing and R&D Facility in Chengdu, China
Three ways to adjust your office leasing strategies in the wake of
COVID-19
Posted on November 2020
Since the beginning of 2018, real estate markets have been thriving,
with businesses leasing over 200 million square feet of Class-A, B and
C office space across the 12 major metropolitan markets in the US,
according to a market overview by Chicago-based real estate firm
Vestian. Class-A office deals accounted for nearly 70% of this total.
Across the nation, net absorption was positive, vacancy rates were
dropping, and lease rates were increasing. Business was booming for
landlords and brokers in a landlord-driven market.
75 percent of office tenants looking for rent concession
Posted on 27th October 2020
We’re in a new era for real estate where tenants are finding their
voice in the market. Vestian’s chairman, Michael Silver, believes that
80 percent of tenants who ask for a break will get some kind of rent
relief if not everything they ask for. Tenants will have negotiating
power. Read more about his predictions for the future of the office
market.
Office space absorption drops 65% at 4.11 million sq. feet in Q3
Posted on 27th October 2020
Reeling under the adverse impact of the Covid-19 pandemic, the
absorption of office space across five key cities has declined 65%
during the third quarter ended September 2020 as against the same
quarter last year.
As WFH becomes the new norm, absorption levels of commercial real
estate segment take a hit
Posted on 7th October 2020
With pandemic continuing unabated, most companies switched to work
from home
State of CRE 2020 Webinar with Matt Geary
Vestian’s Matt Geary was asked to be a panelist on NYREJ’s Annual
State of Commercial Real Estate Webinar. Listen in to hear what Matt
and other experts in the industry see for the future of CRE.
If home is ready, buyer is ready
Posted on 5th October 2020
Industry expert Shrinivas Rao says residential real estate market will
pick up pace gradually in the next six months, despite the pandemic
impact
Brookfield REIT issue may spur investment, demand in commercial real
estate
Posted on 4th October 2020
Global investment firm Brookfield’s proposal to launch REIT public
issue for raising over Rs 4,000 crore augurs well for the future of
India’s office market and will boost investment as well as
demand-supply in this segment, according to realty experts.
Rebooting Indian commercial real estate post the lockdown: Will it
herald a new vision for workplaces?
bu Posted on 7th September 2020
The Times They Are a-Changin’ – sang Bob Dylan, his much-celebrated
verse perhaps resonating now more profoundly than ever. It has been
almost eight months that the COVID-19 pandemic threw our world into a
tumultuous spin; six months since it hit the Indian shores.
Bengaluru was not down even during lockdown
Posted on 5th September 2020
CREDAI chief says despite the unavoidable crisis, the city’s real
estate will recover sooner than most other cities, and there is good
demand for completed projects. By Ranjani Govind
Realtors see recovery from Covid-19 impact by December-end
Posted on 2nd September 2020
The real estate industry expects to recover from the slump, seen
during the Covid-19 induced lockdown during the first quarter this
fiscal, by the end of the third quarter.
Companies give up 78 football fields in office space
Posted on 21st August 2020
Indian corporates and multinationals have given up over 6 million
sqft of grade A (equivalent to about 78 football fields) in the
first half of this year, mainly due to the impact of the pandemic
that made them downsize their operations or delay expansion plans.
Bengaluru realtors offer discounts up to 10% on gross value,
freebies to push sales
Posted on 13th August 2020
Besides cash discounts up to 10% on the gross value, many real
estate developers are offering freebies that include EMI waivers,
cashback schemes, flexible payment options, 5-gram gold coins and
even a car on bookings of houses with a certain value among others
across the country.
GSK, Google propel Bengaluru to top in office leasing
Posted on 7th August 2020
Aided by pharma major GSK and technology giant Google, Bengaluru led
the office space leasing transactions in the country during the
second quarter of calendar 2020.
Covid-19 adversely affects office space, residential launches in
top Indian cities
Posted on 7th August 2020
HYDERABAD: The top five Indian cities of Bengaluru, Mumbai, Chennai,
Hyderabad, and Kolkata have suffered a steep fall of 54% in office
space absorption and a 71% decline in new residential launches
during the second quarter of the year ended June thanks to Covid-19
outbreak.
Logistics sector inches back to normalcy; return to total normal
expected in a few months
Posted on 29th July 2020
As the nation inches towards ‘Unlock 3.0’ the logistics segment has
observed around 75 per cent normalcy and is moving towards
pre-lockdown levels. There are hopes that it will be normal in the
next couple of months.
Implementing technology & digital infrastructure is critical
for transitioning back to the office
Posted on 25th July 2020
Organizations face a great deal of uncertainty about when and how
they’ll emerge from the COVID-19 crisis. Implementing technology
strategies and digital infrastructure is paramount. Vestian’s
Kenneth Leon shares his tips.
Demand for office space may drop 25-30%
Posted on 15th July 2020
In 2019-20, India’s technology hub Bengaluru witnessed absorption of
14 million sq. feet of office space, a drop of 3.4% over 2018.
Vestian Recognized as “Great Place to Work”
Posted on 14th July 2020
Vestian ranks 12 th in India’s Great Mid-Size Workplaces for 2020
and has been recognized as a “Great Place to Work in the Real Estate
Sector”
Project crawls as building materials’ cost soars
Posted on 3rd July 2020
The government and real estate regulatory authorities have given six
months’ extension to builders to complete their projects.
Vestian’s State of the Office Market Overview: A Perfect Storm
COVID-19 Accelerates Supply; A Tsunami Of Space Coming To Market
Posted on 29th June 2020
We are now in a new era for real estate. For the next 3-5 years,
landlords will be facing a market that will heavily favor tenants
due to excess space brought on by the landlord-driven market and
COVID-19. The result is market opportunities for tenants not seen in
30 years with millions of square feet of office space becoming
available as businesses shrink their footprint.
Coronavirus Lockdown: Warehousing space supply set to drop 44% in
2020
Posted on 19th June 2020
The development of Grade-A warehousing space is set to drop 44%
across major cities during 2020. The new addition of warehousing
space is expected to be around 12 million sq. feet by the end of
this year.
Organised facilities management industry to benefit most from
COVID-19 outbreak
Posted on 09th June 2020
New Delhi, Jun 8 (PTI) The USD 15 billion-organised facilities
management (FM) segment is likely to benefit the most from the
outbreak of COVID-19 in the country as businesses resume operations
and citizens begin to adjust to the new normal, industry experts
said.
Bengaluru attracts $1.6 bn investment in real estate in FY20
Posted on 05th June 2020
The city attracted $1.6 billion (about Rs 12,000 crore), about 37%
of the total of $4.4 billion (about Rs 33,200 crore) invested in the
country across residential, commercial and office projects.
Institutional investment in real estate drops 12% in FY’20 at
nearly $4.5 bn
Posted on 01th June 2020
NEW DELHI: Institutional investment in Indian real estate fell 12
per cent to USD 4.48 billion (around Rs 33,800 crore) last fiscal
year on lower economic growth and uncertainty over the coronavirus
pandemic, US-based property consultant Vestian said.
Office space absorption set to drop 20-30% in 2020
Posted on 26th May 2020
The office space absorption is set to decline around 20-30% in
2020-21 as compared with the same in the previous year due to
uncertainty over the time required for the Indian economy to return
to normalcy, which is battered due to the spread of COVID-19
pandemic.
Work-from-home culture could drive lower demand for office space
in 2020
Posted on 14th May 2020
It is quite evident that work-from-home (WFH) is here to stay for
most corporates, as a majority of their employees are observing it
amid the nationwide lockdown over COVID-19.
Vestian With Expertise From UL, Creates “Pandemic Protocols”
Fostering a Safe and Healthy Workplace Environment
Posted on 14th May 2020
“As workplaces prepare to re-open, the need for proper risk
mitigation policies and practices is more important than ever,” said
Michael Silver, chairman of Vestian. “Additionally, while it is
almost certain that most businesses will adopt more flexible and
remote work policies, the traditional office environment will
continue to exist. But, those office environments will certainly
experience a shift. Pandemic Protocols, based on strict and specific
technical requirements, was developed for employees and employers to
have peace of mind when they re-enter their offices. We are
confident that Pandemic Protocols will become the gold standard for
office managers faced with the enormous task of making today’s
workspaces safe and healthy.”
Office rent rises by up to 8% in a year in Bengaluru, Mumbai,
other cities
Posted on 05th May 2020
According to the data, the weighted average rental values of the
five cities moved moderately, on a year-on-year basis, in the range
of 0-8 per cent
Valuation question hovers as CRE market looks past lockdown
Posted on 16th April 2020
Michael Silver, chairman of Vestian, doesn’t think offices in major
cities around the world will open until September or October at the
earliest. He’s also predicting that the current crisis will knock
values by 20% to 30% and estimated that about 85% of landlords will
have to come up with a new game plan as global corporate users are
looking to reduce rents and jettison excess space.
What Office Tenants Want From Their Landlords Right Now
Posted on 11th April 2020
GlobeSt.com features Vestian’s tips for tenants approaching their
landlords for rent relief.
Coronavirus has NYC buildings eyeing new cleanliness and security
protocols
Posted on 9th April 2020
Vestian Chairman, Michael Silver, was interviewed by The New York
Post to discuss how the coronavirus pandemic will affect business’
workplace protocols. Building owners are creating new cleanliness
and security protocols amid fears that pandemics could become part
of the new normal.
Investors Saw Office Buildings as Safe. Not During This Pandemic.
Posted on 7th April 2020
The Wall Street Journal interviewed Vestian Chairman, Michael
Silver, to discuss how the current market has sparked a new era
where the tenant will have the leverage. Vestian is helping their
clients take control.
COVID-19 | Will constructions pause?
Posted on 13th March 2020
For a country struggling with economic growth, the year 2020 had
been cautiously touted as a harbinger of hope..
Coronavirus causing severe disruption in supply chain, logistics
Posted on 11th March 2020
As of now, the impact of the COVID-19 coronavirus in terms of its
disruption of supply chain and logistics has not been fully felt, as
most sectors in India had a reasonable stock of materials due to the
Chinese New Year holidays.
Hyderabad surpasses Bengaluru in office space absorption
Posted on 28th February 2020
Hyderabad witnessed the highest quantum of office space absorption
during the second half of 2019 in the country, surpassing Bengaluru
for the top spot, according to global real estate consultant
Vestian’s recent report…
Housing segment was hoping for more
Posted on 14th Feb 2020
Low buyer demand and other issues not addressed in Union Budget. By
Balaji Rao….
A bit for everyone in the budget
Posted on 2nd Feb 2020
The Union Budget has been one of the most awaited events this year,
with a slowdown in the economy ringing warning bells. Expectations
ran…
Real Estate Expectations
Posted on 11th Jan 2020
In the upcoming Union Budget, initiatives for investments in
affordable housing and hiking tax rebates on housing loans will
help, says Shrinivas Rao….
January 2020
Real Estate Expectations
Posted on 11th Jan 2020
In the upcoming Union Budget, initiatives for investments in
affordable housing and hiking tax rebates on housing loans will
help, says Shrinivas Rao….
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