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Economic Times
16 hours ago
- Business
- Economic Times
Global rush for real assets: Why India holds the winning hand
There are moments in the global markets when the signals become too significant to ignore. For India, this appears to be one of those times. Now the world's fourth-largest economy, India is on track to become the third largest by 2029. This growth has been fuelled by strong domestic consumption, which made up 57% of GDP in 2024, and a demographic dividend that continues to deepen. Household incomes have risen by 7.8% annually over the past decade, with projections suggesting an acceleration to 9.1% over the next 10 years. These trends point to greater spending power and rising aspirations, both of which support demand for high-quality real estate. India's working-age population is also expanding, and its labour force is becoming more educated and digitally capable. This is attracting both local companies and multinationals, many of which are establishing global capability centres that are evolving into innovation hubs. As a result, demand for commercial real estate is growing steadily in cities like Bengaluru, Delhi, Mumbai, Pune, and Hyderabad. While many global office markets are still adjusting to post-pandemic dynamics, India's commercial real estate sector has shown resilience. Office rental yields in major cities have averaged 8.7%, among the highest globally. In 2024, the country's office rent growth hit a 14-year high and saw record levels of net absorption. International capital is responding to these signals. Japanese institutional interest in India has grown, as seen in Hines' trophy office joint ventures involving firms like Mitsubishi Estate, Sumitomo Corp and Daibiru. India's living sector is also evolving. Urbanisation, rising incomes, and changing household preferences have driven demand for larger, higher-quality homes with better amenities. In parallel, the industrial sector is seeing momentum from growing domestic consumption, rapid ecommerce expansion, and the "Made in India" initiative, particularly in local tech has accounted for around 9% of retail sales in India and is forecast to grow at about twice the rate of offline retail. Beyond supply chain reconfiguration, domestic manufacturing is emerging as a structural growth shifts are unfolding against a backdrop of powerful underlying forces - deglobalisation, demographic pressure, energy insecurity, and political bifurcation - that have been building over time like tectonic shifts. As these forces surface, the global landscape is transforming, becoming more fragmented and localised. India, with its scale, stability, and domestic growth engine, may be well positioned within this new said, real estate remains a local business. In India, regulatory frameworks, land acquisition processes, and development timelines can vary widely. Success often depends on strong local partnerships and the ability to manage projects from the ground up. The author is Managing Partner & Global CIO at Hines. He will be speaking at The Economic Times World Leaders Forum in New Delhi.
Time of India
16 hours ago
- Business
- Time of India
Global rush for real assets: Why India holds the winning hand
India's robust economic growth, driven by strong domestic consumption and a favorable demographic dividend, positions it as a promising real estate market. Rising household incomes and an expanding, digitally capable workforce fuel demand for both commercial and residential properties. Despite global uncertainties, India's real estate sector demonstrates resilience, attracting international capital and benefiting from initiatives like "Made in India." Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) There are moments in the global markets when the signals become too significant to ignore. For India, this appears to be one of those the world's fourth-largest economy, India is on track to become the third largest by 2029. This growth has been fuelled by strong domestic consumption, which made up 57% of GDP in 2024, and a demographic dividend that continues to deepen. Household incomes have risen by 7.8% annually over the past decade, with projections suggesting an acceleration to 9.1% over the next 10 years. These trends point to greater spending power and rising aspirations, both of which support demand for high-quality real working-age population is also expanding, and its labour force is becoming more educated and digitally is attracting both local companies and multinationals, many of which are establishing global capability centres that are evolving into innovation hubs. As a result, demand for commercial real estate is growing steadily in cities like Bengaluru, Delhi, Mumbai, Pune, and many global office markets are still adjusting to post-pandemic dynamics, India's commercial real estate sector has shown resilience. Office rental yields in major cities have averaged 8.7%, among the highest globally. In 2024, the country's office rent growth hit a 14-year high and saw record levels of net capital is responding to these signals. Japanese institutional interest in India has grown, as seen in Hines ' trophy office joint ventures involving firms like Mitsubishi Estate, Sumitomo Corp and living sector is also evolving. Urbanisation, rising incomes, and changing household preferences have driven demand for larger, higher-quality homes with better amenities. In parallel, the industrial sector is seeing momentum from growing domestic consumption, rapid ecommerce expansion, and the "Made in India" initiative, particularly in local tech has accounted for around 9% of retail sales in India and is forecast to grow at about twice the rate of offline retail. Beyond supply chain reconfiguration, domestic manufacturing is emerging as a structural growth shifts are unfolding against a backdrop of powerful underlying forces - deglobalisation, demographic pressure, energy insecurity, and political bifurcation - that have been building over time like tectonic these forces surface, the global landscape is transforming, becoming more fragmented and localised. India, with its scale, stability, and domestic growth engine, may be well positioned within this new said, real estate remains a local business. In India, regulatory frameworks, land acquisition processes, and development timelines can vary widely. Success often depends on strong local partnerships and the ability to manage projects from the ground author is Managing Partner & Global CIO at Hines. He will be speaking at The Economic Times World Leaders Forum in New Delhi.
Yomiuri Shimbun
11-07-2025
- Automotive
- Yomiuri Shimbun
Japan Firm Aims to Begin Commercial Operations of Flying Car Taxis by Early 2030s
Soracle Corp. announced Thursday that it aims to begin commercial operations of 'flying cars' by 2027. Yukihiro Ota, CEO of the Tokyo-based company involved in the operation of next-generation flying cars, said the company aims to begin commercial operations of paid transport for people. The company was jointly established by Japan Airlines Co. and Sumitomo Corp. It plans to start first in the Kansai region and then expand to other regions, including Kanto. 'Kansai will be our top candidate for where we start commercial operations of the flying cars, as we have established cooperative relationships with many people involved in the flying car industry through the Expo,' Ota told reporters at the 2025 Osaka-Kansai Expo venue. The company plans to begin scenic flights around Osaka Bay and flights between two sites by 2027, using aircraft from U.S. firm Archer Aviation Inc. After that, it will expand service areas to other parts of the Kansai region and make flying cars as easily available as taxis by the early 2030s. At the Expo site on Thursday, Soracle unveiled to the press a full-scale model of an Archer Aviation aircraft, which has five seats and is about 10 meters long.
10-07-2025
- Business
Sumitomo to Invest in Clean Energy Projects in Britain
News from Japan Economy Jul 10, 2025 19:54 (JST) Tokyo, July 10 (Jiji Press)--Sumitomo Corp. said Thursday that it has signed a memorandum with the British government to promote clean energy investment. The Japanese trading house plans to invest a total of 7.5 billion pounds in British offshore wind power generation and hydrogen projects by 2035. The investment is part of Sumitomo's commitment to Britain's clean energy and infrastructure sectors. In May, Sumitomo, along with Tokyo Metro Co., joined the operation of the Elizabeth subway line in London. Britain's minister for investment, Poppy Gustafsson, said that Sumitomo's investment will help create high-value jobs and support Britain's economic growth. In March, the Japanese and British governments held a "two-plus-two" meeting of their foreign and economic ministers in Tokyo, and agreed to collaborate to boost free trade and economic security, in addition to clean energy. [Copyright The Jiji Press, Ltd.] Jiji Press
Forbes
05-07-2025
- Business
- Forbes
Aboitiz-Led Group Submits Top $642 Million Bid For Philippine State-Owned Hydro Power Plant
The Caliraya-Botocan-Kalayaan hydroelectric plant in Laguna, South of Manila. A consortium led by a unit of Aboitiz Equity Ventures—controlled by tycoon Sabin Aboitiz and his family—submitted the highest bid of 36.3 billion pesos ($642 million) for a government-owned hydro power facility. Led by Aboitiz Renewables, the Thunder Consortium—which includes Japanese companies Sumitomo Corp. and Electric Power Development—edged the 19.6-billion-pesos offer of First Gen Prime Energy and its partner Korea Water Resources Corp., the only other qualified bidder for the 728-megawatt power facility, the Power Sector Assets & Liabilities Management Corp., a government agency in charge of divesting assets of state-owned National Power Corp., said on Friday. 'The Thunder Consortium will undergo a rigorous post-qualification process to verify the accuracy and authenticity of the eligibility documents submitted,' the state agency said. The Caliraya-Botocan-Kalayaan hydroelectric plant, which straddles three towns in Laguna province, south of Manila, is one of the government's oldest power facilities. It's currently operated by CBK Power Company, which is jointly owned by Aboitiz's Japanese partners, under a build, rehabilitate, operate and transfer contract with the government that expires in February 2026. Aboitiz Power, parent of Aboitiz Renewables, and other Philippine energy companies, including the Lopez family's First Gen, are bulking up on clean energy assets amid a push by government to increase the share of renewables in the nation's electricity production energy mix from 21% last year to 50% by 2040. Aboitiz Equity CEO Sabin Aboitiz said in an interview with Forbes Asia in 2023 that the group is spending 190 billion pesos this decade in renewable energy to more than double its installed electricity generation capacity to 9.2 gigawatts by 2030. The group will accelerate the construction of geothermal, solar, wind and hydro power stations to achieve its goal of sourcing half of its electricity output from renewable sources by 2030, he said then. Aboitiz Equity is one of the leading Philippine conglomerates with interests in power, banking and financial services, food, and real estate. Sabin and his family have an estimated net worth of $2.2 billion, placing them at No. 10 in the Forbes Asia list of the Philippines' 50 Richest that was published in August 2024.
