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A sign of any residential market’s increasing maturity is evidenced by gentler price appreciation – a process which has been very much in evidence in the country’s financial capital. The average residential property prices in Mumbai and suburbs saw an appreciation of 3.3% (y-o-y) in 2015 versus 7% in 2014. The forecasted increase in residential property prices in 2016 is expected to be 6%. While a price rise of 6-7% (y-o-y) was predicted for 2015, the actual increase should come as a pleasant surprise to home buyers.
Here are answers to some useful questions as industry leaders share their thoughts through an online survey conducted by JLL.
The Rain Gods have withheld their favour from India for two consecutive years now. In a country where people tend to look upward for all their material and spiritual needs, all eyes are fixed feverishly on the skies this year.
Traditionally, initiatives like Smart City are indicators of developed economies. A developing country will become a successfully developed country when its citizens also upgrade and update themselves. In India, the Smart City initiative is in full swing, with the top 20 smart cities stepping into the next stage of implementation. The Smart City mission focuses on the technology overlaying the basic infrastructure that will be built in right places and in sufficient quantities in the cities.
The JLL Retail Sentiment Survey 2016 carried out in 1Q16 has thrown up interesting insights on the future of retail industry in India. To gauge the current industry sentiment and future outlook, 200 retailers and retail developers across India were chosen for this survey. Read on to know how retail in 2020 will be
Colocation or third party-leased Data Centres are specialized projects where servers, equipment, managed space and bandwidth are available on rent to wholesale or retail customers who are in need of such customized solutions. Such types of Data Centres have become very popular among fast-growing companies which operate Internet-based businesses and are driving the growth of this industry.
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Even if a housing society permits business activity in a certain case, such activity can still be deemed illegal and be notified accordingly. It is not advisable to take anything for granted, and to have the legality of such an undertaking examined by a qualified lawyer.