As major economies of the world grappled with recession, Indian economy witnessed significant growth across sectors on the back of strong fundamentals, robust demand, and government-led investments. As per IMF’s World Economic Outlook Report in October 2023, Indian economy expanded by 7.2% in FY23, the highest amongst major economies of the world. Following the same trend, it is anticipated to grow by 6.3% in FY24 compared to 3% growth in the world economy. As a result, the real estate sector, which contributes significantly to India’s GDP, registered heightened real estate activities in 2023 ..read more

The year 2023 started with high expectations to achieve stability amid global macroeconomic uncertainty and geo-political conflicts. Amid global headwinds, India’s GDP growth rate outshined major developed economies of the world, strengthening the growth prospects of the nation. The resilience of the Indian economy along with strong fundamentals reflected in the real estate market during the year. Union Budget 2023-24 with Strong Emphasis on Infrastructure Development The Union Budget 2023-24 listed seven priorities such as inclusive development, reaching the last mile, infrastructure and inve ..read more

Navigating Lease Negotiations: Key Considerations for Occupiers in Today’s Market Navigating the intricacies of lease negotiations is both an art and a science. For occupiers, understanding market dynamics and tenant rights is paramount to securing favorable lease terms. As tenant advocates and thought leaders in the commercial real estate industry, Vestian offers key insights to empower our clients in today’s market. The post Navigating Lease Negotiations appeared first on Vestian Blog ..read more

As the 28th Conference in Dubai kicked off last morning, the real estate sector finds itself on the cusp of significant transformations. In a letter addressed to parties in July 2023, the incoming Presidency outlined the key priorities for COP 28, emphasizing four paradigm shifts; Fast-tracking the energy transition and slashing emissions before 2030 – With fossil fuels still dominating nearly 80% of the global energy supply, this shift is crucial for meeting the scientific consensus outlined in the Paris Agreement. Currently projections indicate a peak in fossil fuel consumption before 2030 ..read more

When India became the 5th largest economy surpassing the United Kingdom, it was envisioned to take the 4th spot by 2024-25. This dream is likely to become true early as the 4th largest economy in the world, Germany, slumped into recession. Output in Germany, Europe’s largest economy, dropped by 0.3% during the first quarter of 2023 as household final consumption expenditure declined by 1.2%. This is the second decline in a row. The contraction in the economy can directly be attributed to a sudden rise in energy prices amid the Russia-Ukraine conflict. As per IMF’s World Economic Outlook in Apr ..read more

The Union budget 2023-24 held much significance, given that several issues required priority consideration, this being a run-up to the electoral year in 2024. Expectedly, it has put increased emphasis on infrastructure, agriculture, green energy, job creation and restructuring direct taxes, in order to boost an economy affected by global slowdown while assuaging voters as well. Investments in infrastructure having a sizeable multiplier impact on growth and employment, the budget increased the capital investment outlay sharply by 33%, to INR 10 lakh crore. Another key highlight of the Union bud ..read more

A key factor today driving business value of any company is its workplace proposition. Companies have always been on the lookout for quality office space that provides a conducive working environment. This has further been consolidated post conclusive research on how a good workplace is crucial to improving productivity and efficiency of employees; and post pandemic this emphasis coupled with the focus on employee health and well-being has led many a firm to revisit their workplace strategy. As such, it has become critical to understand the type of space that creates and enhances the physical ..read more

The year 2022 wrapped up an eventful period, interspersed with mounting apprehensions regarding geopolitical headwinds emanating from several global predicaments, and yet, offset by robust market sentiments as seen in the office and residential markets of the country. While the pandemic subsided to a great extent, the economy remained largely on the back foot owing to rising inflationary trends. The real estate market, however, had much to cheer as it nearly achieved pre-pandemic level of activity, buoyed by pent-up demand and changing requirements arising from the crisis. As we step into 2023 ..read more

The office market sector in India has been witnessing uncertainty for the most part in the past two years. It has taken several hard decisions and various strategic permutations on the part of the industry players to keep afloat and strive towards relative normalcy during the pandemic-induced hardship. One such approach that has been suitable for business continuity is, a shift towards flexible workspaces, where the corporate has a formal office set-up but with reduced real estate costs and overheads. The rise, fall and measured resurgence of the segment Largely constituting of co-working/mana ..read more

REITs, today, are increasingly being preferred as a viable investment option as they are real estate asset backed, operated and maintained by trusts. While the share of REITs in the overall real estate market capitalization is quite substantial on a global scale and have been in existence in the west since the 1960s, the current SEBI guidelines related to REITs in India were approved only in 2014. Even then, it took several years before the first REIT could be launched in the country, with numerous amendments effectuated to SEBI’s original REITs regulations in order to align them with stakehol ..read more