Rental Space

GST tweak on commercial rentals to bring higher revenue for govt: Experts

May lead to increased burden on tenants but would lead to tax parity, experts say

Congress launches fresh attack on Sebi chief Buch over rental income

Income of Rs 2.16 cr from firm linked to Wockhardt, a company under investigation

Rental yields from housing assets in Gurugram up 4.1%, says report

Rental yields in housing properties located at Gurugram and Noida have improved over the last few years and stood at 4.1 per cent and 3.7 per cent, respectively, during the latest March quarter, according to Anarock. Rental yield is the annual return on investment (ROI) investors earn from capital invested in a property. Real estate consultant Anarock report mentioned that there has been a steep rise in rental housing demand in the top cities. As a result, average rental values have soared and rental yields have been heading steadily north. The Anarock data showed that Bengaluru tops the list with a rental yield of 4.45 per cent during January-March 2024. Bengaluru's rental yield in pre-Covid 2019 stood at 3.6 per cent. Mumbai comes next among the top cities with a rental yield of 4.15 per cent in the first quarter of 2024 as against 3.5 per cent back in 2019. Gurugram is close behind with a rental yield of 4.1 per cent against 3.5 per cent in 2019. As per the data, the rental y

Fresh housing supply drops 15% in Jan-Mar across top cities: Report

New supply of residential properties fell 15 per cent during January-March across eight major cities at 69,143 units despite high demand, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield on Friday released the data for launches of residential properties in the primary (first sale) of eight major cities. New supply has increased in Bengaluru and Mumbai but declined in Delhi-NCR, Chennai, Hyderabad, Pune, Kolkata, and Ahmedabad. Out of the total launches of residential properties in this quarter, the high-end and luxury segment had a 34 per cent share. Listed, large and regionally reputed developers accounted for over 38 per cent of overall launches in the current quarter. As per the data, the fresh supply of housing properties declined to 69,143 units during January-March 2024 from 81,167 units in the year-ago period. Among cities, the new supply increased in Bengaluru to 8,848 units from 7,777 units. New supply in the Mumbai region increased ...

Tech continues to lead; diversification shapes demand in real estate sector

By the end of 2023, office leasing space is expected to cross 50 million sq ft according to CBRE's 2023 Real Estate Overview and Outlook

Monthly avg rent of warehousing space in Delhi-NCR up by 20% in H12023

Monthly average rental of quality warehousing space in Delhi-NCR rose 19.9 per cent in the first six months of this year, according to a report by realtors body Credai and data analytics firm CRE Matrix. In their joint report released on Thursday, Credai and CRE Matrix highlighted that the Grade-A warehousing stock crossed 163 million square feet in the first half of 2023, owing to rapid industrial growth. During January-June period, the demand for Grade A warehousing space stood at 13 million square feet, whereas supply stood at 9.4 million square feet across six major cities. The vacancy level stood at a mere 8.8 per cent at the end of H1 2023, from the previous 10.5 per cent in the year-ago period. These six cities are -- Delhi- NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Chennai and Hyderabad. Rental costs too have witnessed a 10 per cent surge across India wherein Delhi-NCR (almost 20 per cent) and Chennai (20.8 per cent) had the highest increments in rental rates

Rentals up 20% as landlords take advantage of the 'return to office'

NoBroker's mid-year report on real estate trends sheds light on rental and buyer preferences as well as the key trends driving prices in the sector

UK headline inflation rate easing but sugar, rent, insurance surging

fficial statistics showed the Consumer Prices Index slid to 6.8% last month from a four decade peak of 11.1% late last year

Rent on PG accommodation, hostel services to attract GST: Karnataka AAR

Rent for residential dwellings would qualify for GST exemption, says authority

Khan Market rents reach Rs 1500 per sq ft a month, breach pre-covid levels

Rents at Khan Market are almost double the most expensive retail locations in the financial capital, Mumbai

Housing rentals surge by 40% in Delhi-NCR as demand outstrips supply

Rental prices for micro-markets in Noida and Gurugram have soared, with landlords trying to make up for losses

From Bengaluru to NCR, home rentals see a steep rise in last one year

In the past one and half years, rents in the tech city have increased sharply, leading the residential market to achieve it's peak in the region

Rent agreement: Don't blindly sign on form downloaded from internet

Get lawyer to draft it, ensure it spells out key points of landlord-tenant relationship

Rents in gated communities in Bengaluru increase by 40%, says report

Traditionally, rents increase by 7-8 per cent in a year but this year they have increased from anywhere between 15-40 per cent.

No GST on residential premises if rented out for personal use: Govt

The government dismissed media reports which claimed that there is an 18 per cent Goods and Services Tax (GST) on house rent paid by tenants.

Only GST-registered tenants face 18% tax on rent paid, say experts

One common query is what happens when a person not registered under GST rents a residential property to a person registered under GST

Rent in Delhi-NCR's upmarket locations rise to 5.6% in Jan-Mar: Report

Monthly rentals in Delhi-NCR's high street retail locations, including Khan Market and Connaught Place, increased by up to 5.6 per cent during January-March period as compared to the previous quarter on better demand for space from retailers, according to Cushman & Wakefield. In its report 'Marketbeat Delhi-NCR Retail Q1, 2022', property consultant Cushman & Wakefield highlighted that footfalls in shopping malls of Delhi-NCR have reached 80-85 per cent of the pre-COVID level and rentals remained stable during the first quarter of this calendar year. "Main streets including Khan Market, Connaught Place and DLF Galleria witnessed a 35 per cent q-o-q (quarter-on-quarter) growth in rents during the quarter on the back of strong demand and high retailer preference for these areas," the report said. Main streets like Greater Kailash and Karol Bagh in Delhi also witnessed a slight increase in rents on a quarterly comparison. The consultant expects further appreciation across major ...

TMS Ep78: SUV craze, OTT industry, auto stocks, Model Tenancy Act

Why are SUVs catching the fancy of Indians? Are low prices sustainable for Indian OTT industry? What made analysts cautious on auto stocks? What is the Model Tenancy Act? Find all answers here

DLF's rental arm DCCDL net debt up 3% to Rs 19,640 cr; getting REIT ready

Realty major DLF's arm DCCDL, which holds bulk of its office and rental assets, has reported a 3 per cent increase in net debt at Rs 19,640 crore during the September quarter due to higher capex. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore's sovereign wealth fund GIC. DLF has nearly 67 per cent stake in the JV firm, while GIC has the remaining. According to an investors presentation, the net debt of DCCDL rose to Rs 19,640 crore as on September 30, 2021 from Rs 19,072 crore at the end of the first quarter of this fiscal year. DCCDL's 58 per funding is from banks and around 78 per cent of scheduled repayment is greater than 3 years. The latest debt has been raised at sub 7 per cent interest rates. "Debt levels to hold in the short term; expected significant reduction post REIT (Real Estate Investment Trust) listing," DCCDL said, adding "progress on getting DCCDL REIT ready remains on track." In June, DLF said that its rental arm DCCDL wou

Rent of retail space up 11-17% in Delhi's upscale mkts in July-Sep

Rentals of high-street retail are inching back to pre-COVID levels in Delhi-NCR on the back of revival in business, as rents in upscale Khan Market, South Extension and Connaught Place have risen 11-17 per cent during July-September compared to the previous quarter, according to Cushman and Wakefield. "Rentals inching back to pre-COVID levels as market activity strengthens," global property consultant Cushman and Wakefield (C&W) said in its report 'Marketbeat- Delhi-NCR, Retail Q3 2021' (July-September). The Delhi-NCR market recorded improved retail activity during the September quarter, the consultant said, adding that early signs of recovery could be seen with a pick-up in retail leasing. "With rentals inching back to pre-COVID levels and accommodation on commercial terms narrowing, the only direction for retail in the coming months is upwards," said Vibhor Jain, Managing Director, North, Cushman & Wakefield. "Increased vaccination and a low caseload have certainly played an