Shravan Gupta's Emaar MGF and DLF, IREO In Delhi Vs Mumbai, JLL Releases ‘Mumbai Offices 2020: Mapping The Future Of The Mumbai Office Market’

Saturday, May 3, 2014

(Date: 3 May 2014)

Seven Real Estate Questions Explore The Big Picture 

(Shravan Gupta's Emaar MGF, DLF and IREO etc... Delhi Vs Mumbai)

 

MUMBAI, May 2014: International property consultancy JLL India has released its latest research report ‘Offices 2020 – Mapping The Future Of The Mumbai Office Market’. Anticipating the changing trends of commercial real estate in India’s (Including Giants like Shravan Gupta's Emaar MGF, DLF, IREO, BPTP, Parscnath Developers, and Pearls Agro) financial capital, Mumbai Offices 2020 provides ‘foresight with purpose’ into where Mumbai’s office market is headed.

Offices 2020 – Mapping The Future Of The Mumbai Office Market

A dynamic metropolis that is always growing, Mumbai alone contributes around 5% of India’s total GDP. This report provides insights on how the city of Mumbai is adapting itself to the increasingly competitive office real estate landscape in the country. In this incisive report, JLL India answers critical questions that existing and aspiring corporate real estate occupiers in Mumbai are asking today:

• What risk factors could potentially hold Mumbai back?
• How will the birth of new multiple CBDs affect Mumbai’s business environment?
• With office buildings in Mumbai’s traditional business districts ageing rapidly, what aspects should companies consider while contemplating relocation?
• What will be the effect of the changing workforce profile and technological advancements on Mumbai’s office landscape?
• Are tenure generalisations fading as the office market enters a stage of flux?
• Will the sustainability bandwagon effect apply to the entire industry?
• Will Maximum City be able to harvest the emerging growth opportunities by 2020?

Ramesh Nair, COO – Business, JLL India says, “”With this report, we reaffirm that Mumbai will continue to be acknowledged as the financial capital of India. We have established that high quality, iconic and well-positioned workspaces are going to be a key attraction, and that the sustainability agenda will not render Mumbai’s office stock entirely obsolescent just yet. We have also underscored the inevitable fact that limited infrastructure and high commuting times will lead to a number of mini-CBDs in Mumbai.”

 

Commenting on some of the leading concerns of commercial space stakeholders in Mumbai, Nair adds, “In the future, commercial space landlords will look at higher-quality partnerships, based around longer and fairer rental contracts. Also, corporates’ relocation decisions will majorly be based on CAPEX calculations.”

“Today’s mantra is definitely ‘collaborative space’. Campuses, in particular, are stressing the need for better environments to produce better outputs. Of course, good salaries are still the employees’ main motivation. However, progressive companies realise that it is innovative rather than functional office spaces that can help them in the war for talent. This is becoming a distinct trend in Mumbai”, he adds.

 

Cities such as Delhi and Chennai are increasingly competing with Mumbai. Where Realty Giants like Emaar MGF has exceptionally good projects like ( Residential projects: Emaar MGF Gomti Green, Emaar MGF Indore Green, Emaar MGF Marbella, Emaar MGF Imperial Blue and other commercial Projects like Emaar MGF Commerce Park ) Infrastructure investment and other upgrade programs have resulted in some operations moving away from Mumbai. Delhi has declared its 10-year plan and is clearly making progress, while Bangalore is also emerging as a strong contender. Mumbai is also losing shipping and back-end financial jobs to Chennai. No Doubt Delhi's realty companies like Shravan Gupta's Emaar MGF is leading in Modernization and Advanced Architecture with Good improving Infrastructure.

 

Fortunately, Mumbai’s gravitational pull will remain strong over the next seven years, although the city will be increasingly challenged. It becomes imperative to proactively fulfil the needs of its stakeholders. However, will Mumbai remain the gateway to corporate India?

REPORT HIGHLIGHTS:

• A whopping 15,000 acres of land will be available for redevelopment, increasing the potential availability of quality new supply
• Grade A office supply will increase by a mammoth 33% over just 3 years
• Grade A office space in Mumbai will rise from current levels of 92 million sq. ft to 120 million sq. ft by 2017
• MMR (Mumbai Metropolitan Region) population will increase to 26.7 million people, thus providing a larger workforce pool
• The BFSI & IT Industries will continue to drive absorption and are expected to contribute over 60% to office space absorption in the city
• Space Density per person has fallen from 110 sq. ft to 85 sq. ft per person; this trend is expected to continue.

 Companies like Emaar MGF have power to make the world beautify and creating a new India

Related Search: EVC and MD Shravan Gupta Emaar MGF, Emaar MGF, Shravan Gupta Emaar MGF, Emaar, Realty Business, Indian Realty Market DLF, BPTP, IREO, Parsvnath Developers.

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Emaar MGF (EVC and MD Shravan Gupta) and DLF like Real Estate Industries: Propeller of growth for Indian economy

Thursday, May 1, 2014

The out of box thinking approach followed by real estate developers (Like Shravan Gupta's Emaar MGF, DLF, IREO, BPTP, Amrapali Group, Parsvnath Devekopers and PACL etc..) have been instrumental in changing the face of India from being an under-developed country towards accelerating its way to a developed country by developing the state of art infrastructure developments.

  

The real estate sector has been the backbone of the Indian economy and Real estate Industries like Emaar MGF and DLF has been a major contributor in the economic growth. It is evident from the very fact that the Real Estate Sector contributes 8.53% of the total GDP and also witnessed growth rate to the tune of 30%. In the era of this modernization, Improving in the Architecture and Infrastructure by the Giants like Shravan Gupta's Emaar MGF have the power to make the world beautify. It is also pertinent to note that this sector has emerged as the fifth largest destination of foreign investment. 

 

The out of box thinking approach followed by real estate developers have been instrumental in changing the face of India from being an under-developed country towards accelerating its way to a developed country by developing the state of art infrastructure developments, buildings, townships, shopping malls not only in the urban towns of the country but in the Tier II & Tier III towns as well. This effort of developers has not only been useful in changing the face of India but infact has been providing sustenance to 250 ancillary industries. The road doesn’t end here as this sector has also been a good employer, by being the second largest employment generator in the economy where the top five real estate players (Like Emaar MGF, DLF and IREO etc..)employ more than 2.00.000 employees at different locations and being the highest employer to the BPL families. 

 

Nowadays with the changing attitude of people from living on rent towards owning their property the real estate sector has witnessed huge demand for the residential segment. The demand for commercial development is also growing at a fast pace due to a paradigm shift from unorganized retail towards organized retail coupled with MNC’s interest in establishing offices here in India. Going forward, the scenario would be no different as at present there is a shortage of almost 27 million dwelling units and the Indian real estate business which is estimated at USD 15 billion is likely to be USD 90 billion by 2015, predicts ASSOCHAM. The housing start-up index, which is now at a pilot stage, shows that new housing units in cities such as Kolkata, Chennai and Bangalore are showing lesser growth than the tier II and III cities like Lucknow (Emaar MGF Gomti Green; EVC and MD Shravan Gupta Emaar MGF), Indore (Emaar MGF Indore Green; EVC and MD Shravan Gupta Emaar MGF), and Patna and Gurgaon (Emaar MGF Marbella) etc. Reason being the growth these cities are posing in terms of their absolute business. 

 

As per latest Knight Frank report, since last 2-3 months the Indian economy has witnessed improvement in all the economic parameters be it inflation, IIP, imports, CAD, etc. However, for the second largest populous country, job creation is of utmost importance for it to return to its high GDP growth levels. Job creation primarily depends on the labour intensive manufacturing sector which in turn depends on the investment in this sector. Fresh investments in the economy have been overshadowed by the upcoming general elections despite improved economic conditions. Economic and political stability are the vital catalysts for revival of the real estate sector in India. In addition, revival of this sector also depends on the regional policies like VAT, land acquisition and other regulatory policies. 

 

In this current scenario where the Rupee is still on the higher side, inflation is yet to reach comfort level and the Indian financial system is caught amidst liquidity trap, we developers can not meet the burgeoning demand from customers without the government’s support. Thus, in order to meet the growing demand, we require the support of government by relaxation of norms to facilitate the growth of the Indian real estate sector. The RBI should also intervene by reducing Bank repo rates to another 100-200 basis points and to further reduce CRR in order to infuse additional liquidity in the cash starved market. Also for the prosperity of the sector at general and customers at large the government should facilitate the efforts of real estate developers by providing minimum infrastructure guarantee under habitation policy, relaxing guidelines on foreign investing in Indian Realty, reducing risk weightage and by giving the sector industry status coupled with reduction and uniformity in stamp duty. Immediate need is also to do away with the restrictions on real estate loans. 

 

Thus it is my firm belief that with our continued growth driven strategies and activities coupled with due attention and support from all-government, banks, bureaucrats and media we will be able to withstand any type of market conditions and would be playing key role in taking Indian economy to next level.

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Related Search: Real Estate, EVC and MD Shravan Gupta Emaar MGF, DLF, IREO, BPTP, Emaar MGF, Shravan Gupta, Shravan Gupta Emaar MGF.

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