Latest news with #PrachiPisal
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Business Standard
5 days ago
- Business
- Business Standard
No option for global firms but to come to India: Brookfield's Alok Aggarwal
The need for companies to outsource is fundamental. There's no option for global firms but to come to India. India is a pool of talent. India's gross office absorption has been around 90 msf Mumbai Listen to This Article Among the largest owner-operators of office space in the country, Brookfield is upbeat on the India market as it hosts nearly 1,700 global capability centres (GCCs), accounting for around 53 per cent of the total number of GCCs worldwide, according to Vestian. In an interview, Chief Executive Officer (CEO) of Brookfield India Real Estate Investment Trust (Reit) and Chairperson of Indian Reits Association Alok Aggarwal told Prachi Pisal in Mumbai, that the company may well double its Reit portfolio in India market in the next four-to-five years. Edited excerpts: What do you think about the current fluctuating global environment and
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Business Standard
7 days ago
- Business
- Business Standard
Knight Frank upbeat about the next phase of India's robust growth
The need for GCCs and India-facing businesses in India has increased dramatically. These two factors have contributed to the office demand, said Baijal, Knight Frank India, chairperson Vishal Chhabria Prachi Pisal Mumbai Listen to This Article India's office market is set to become the world's fourth-largest with 1 billion square feet of office stock. William Beardmore-Gray, senior partner and group chair, Knight Frank LLP, and Shishir Baijal, chairperson and managing director, Knight Frank India, tell Vishal Chhabria and Prachi Pisal in Mumbai the country is one of the largest contributors to Knight Frank outside the United Kingdom in terms of either people or revenue and profit. Edited excerpts: You have been in this business for almost 35 years. What kind of changes have you seen, especially in the past few years, in the industry? Beardmore-Gray: A
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Business Standard
03-07-2025
- Business
- Business Standard
Commercial real estate grows, residential faces slowdown in Jan-Jun 2025
Office, warehousing, and industrial segments drive real estate leasing momentum in H1CY2025 Prachi Pisal Sanket Koul Mumbai / New Delhi Listen to This Article India's commercial real estate, which includes office, industrial, and warehousing segments, recorded an increase in absorption in the first half (H1) of calendar year (CY) 2025, even as the residential segment saw a slowdown in sales. According to real estate analytics firm Anarock, net office absorption across the top seven Indian cities rose 40 per cent year-on-year (Y-o-Y) to 26.8 million square feet (msf) in January–June 2025, up from around 19.08 msf in the same period in 2024. A report by Knight Frank added that global capability centres (GCCs) led the office market, accounting for 39 per cent of total
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Business Standard
02-07-2025
- Business
- Business Standard
Affordable housing launches to remain muted despite rate cuts, tax benefits
While demand for sub ₹50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors Prachi Pisal Gulveen Aulakh Mumbai/ New Delhi Listen to This Article Affordable housing supply across India is likely to remain muted in the coming quarters despite the repo rate cut of 100 basis points since February, income tax-related benefits announced in this year's Budget and the extension of Pradhan Mantri Awas Yojna (PMAY), according to industry executives and sector watchers. While demand for sub ₹50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors. Some like Mahindra Lifespaces are moving out of the segment, while others are reducing their share of the housing portfolio dedicated to affordable housing. 'The viability of
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Business Standard
04-06-2025
- Business
- Business Standard
Need to serve all asset classes across MMR: Keystone Realtors CMD
Boman Irani said that the company will launch a senior living project, get into data centers and will divest 3.35 per cent to meet Sebi norms to partially fund capex Mumbai Listen to This Article Despite a moderation in the demand for housing across the Mumbai metropolitan region (MMR), city-based Keystone Realtors, which operates the Rustomjee brand, expects growth to double over the next three to four years. Boman Irani, chairman and managing director, Rustomjee Group, in a face-to-face interview with Prachi Pisal, tells that the company will launch a living project for seniors, get into data centres and divest 3.35 per cent to meet Sebi norms, to partially fund capex. Edited excerpts: What does FY26 look like for the company compared to FY25? We have tied up 22 projects worth about Rs 17,800 crore
