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The Economic Times Real Estate Conclave 2024: The Economic Times Real Estate Conclave & Awards 2024 held in Taj Santacruz, Mumbai on February 23, 2024 witnesses gathering of top real estate stakeholders sharing their views on some of the pertinent issues of the Indian real estate sector.
Overall, the consultant said that gross office leasing activity increased by 33 per cent Year-on-Year (Y-o-Y) to 15.8 million square feet during the July-September period across nine cities -- Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Pune, Kochi and Ahmedabad.
Authority chairman Anand Kumar told Moneycontrol that this was not a new rule. “We have merely clarified the issue as several people who were leasing properties were not registering the lease with us,
The Real Estate Regulatory Authority of Delhi has made it mandatory for developers to register the project even in the case where the intention is to lease the area and not sell it. Delhi RERA on Monday has clarified that the commercial projects both office and retail comes under the ambit of RERA even if the developer wants to lease it.
Warehousing Space: E-commerce had more than a fifth of warehouse space in 2020. Third-party logistics accounted for 44% of the total absorption in H1, followed by manufacturing, retail and fast-moving consumer goods. Experts said companies are also looking to outsource space they had taken during the pandemic.