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Budget Quotes 2017

India has the opportunity to increase its share in global trade. A 10 percent reduction in trade costs can boost the country’s competitiveness and contribute additional revenues of up to US $ 5.5 billion annually...
The Union budget announced today is a balanced budget focusing on providing an impetus to the economy and offers encouraging measures for the tax payers. As expected GST, demonetisation have ushered in tectonic changes for economy and the same was conspicuous in the budget today...
The industry was keen to see the representation the rail sector would get in this combined Budget, the first in independent India.
Finance Minister Arun Jaitley has presented a well-balanced and constructive combined budget, focusing on the most critical aspects of the economy, such as Infrastructure, Agriculture and Rural India....
The overall Budget has had good incentives for the real estate sector. Increase in government spending on infrastructure to 65,000 cr will boost real estate space in metro and rural India. 2,000km of coastal roads will decongest metros and improve connectivity...
The budget 2017 was supposed to be a very critical affair post demonetization as far as the realty market was concerned....
Welcoming the Union Budget proposal for FY18, it is ‘forward looking’ and ‘growth oriented’. ...
We are extremely excited about the government’s move of giving ‘Infrastructure status’ to affordable housing as this is the biggest...
With the rate of urbanisation on an increase, thousands of people are moving to cities every day, which automatically brings in the need for good housing.
NEWS

REALTY BYTES: INDIA TOPS GLOBAL RETAIL DEVELOPMENT INDEX IN 2017; OVERTAKES CHINA: CBRE

New Delhi, August 17, 2017: CBRE South Asia Pvt. Ltd, India’s leading real estate consulting firm, today announced the findings of its latest India Retail MarketView Report – H1, 2017. According to the report, India has topped the global Retail Development Index in 2017, overtaking China. This is indicative of the growing prominence of India as a preferred retail destination for global retail brands. According to the report, during the first 6 months of the year, there were 70 new entries/expansions by global and domestic brands across the cities of Mumbai, Delhi-NCR and Bangalore. Seven new global brands entered the country and investments into the segment by PE Firms/Wealth Funds touched USD 200 million. Additionally, several retail developments were completed across select cities resulting in approximately 1.5 million sq.ft. of fresh supply entering the market. During the first half of the year, demand for quality retail space remained robust with a majority of this supply concentrated in Mumbai, Bengaluru and Delhi- NCR. Commenting on the findings of the report, Mr. Anshuman Magazine, Chairman, India & South East Asia, CBRE said, “Our ranking on the 2017 Global Retail Index for developing countries as well as continued investment by private equity players is a demonstration of the sustained preference of international brands to set up, or expand their operations in India. With several legislations and policies in implementation mode, we are already seeing an increase in consumer and investor confidence. This will have a cascading effect on the retail segment. Overall, retail real estate will continue to grow and witness healthy demand across tier I and II cities.”   Vivek Kaul, Head, Retail Services, India for CBRE South Asia Pvt. Ltd. said, “The fact that demand for quality space continues to outstrip the supply is indicative that the retail real estate segment across key cities in India is growing exponentially. While global brands continue to evaluate and consider quality retail developments in the top cities, with growing globalization, smaller cities are also gaining prominence and witnessing traction. While there still remains some ambiguity around the highway liquor ban, resulting in F&B operators being in wait and watch mode, the overall market sentiment continues to be positive.” During the 1st half of the year, a number of international brands already present in the country expanded their presence. Several hypermarkets too were in expansionary mode including Big Bazaar which opened new stores in Mumbai, Bengaluru and Chennai.  Clothing retailers such as Max and Pantaloons were also active during the review period.   As per the report, rental trends continued to vary across key high streets in major cities during the review period. While high streets such as Connaught Place, Khan Market, and South Extension in Delhi and Park Street and Elgin Road in Kolkata witnessed a rental appreciation, rentals in most other high streets remained stable. At the same time, some high streets such as Linking Road in Mumbai and MG Road in Pune saw a marginal dip in rentals. City Highlights: NCR Approx. 0.2 million sq.ft. of fresh supply entered the market Fashion and apparel continued to dominate leasing activity Noida witnessed healthy leasing activity, specifically in Mall of India Low vacancy levels led to select micro-markets in the city witnessing rental appreciation for prime retail developments Mumbai Leasing activity was driven by domestic F&B operators and foreign retailers from various segments Over 1 million sq.ft. of supply came into the market with the completion of Seawoods Grand Central Mall…

Microchip unveils next-generation in-circuit debugger with unparalleled speed and flexibility

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COMMENTS

  • shabbir { precast technology is not new for India. but the developers must plan to build new projects in precast. Most of developers in mind the cost... } – Apr 04, 11:21 AM
  • abhishek madan { December it come to enforce } – Apr 03, 4:25 PM