{"id":5477,"date":"2024-11-20T11:29:53","date_gmt":"2024-11-20T05:59:53","guid":{"rendered":"https:\/\/www.jainoncor.com\/blog\/?p=5477"},"modified":"2024-11-20T13:20:48","modified_gmt":"2024-11-20T07:50:48","slug":"newsletter-week-2-november-2024","status":"publish","type":"post","link":"https:\/\/www.jainoncor.com\/blog\/newsletter-week-2-november-2024\/","title":{"rendered":"Newsletter Week 2 | November 2024"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.jainoncor.com\/blog\/newsletter-week-2-november-2024\/#Retail_leasing_hit_16_million_sq_ft_in_Q3_2024_with_high_street_rentals_up_15_YoY\" >Retail leasing hit 1.6 million sq ft in Q3 2024, with high street rentals up 15% YoY.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.jainoncor.com\/blog\/newsletter-week-2-november-2024\/#Donald_Trumps_advice_to_Indian_real_estate_partner\" >Donald Trump\u2019s advice to Indian real estate partner<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.jainoncor.com\/blog\/newsletter-week-2-november-2024\/#CapitaLand_Investment_raised_S131_million_from_Daibiru_Corporation_for_its_India_fund\" >CapitaLand Investment raised S$131 million from Daibiru Corporation for its India fund.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.jainoncor.com\/blog\/newsletter-week-2-november-2024\/#CIDCO_Mega_Housing_Scheme_receives_huge_response_70000_people_apply\" >CIDCO Mega Housing Scheme receives huge response; 70,000 people apply<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.jainoncor.com\/blog\/newsletter-week-2-november-2024\/#Delhi-NCR_Bengaluru_housing_prices_up_29\" >Delhi-NCR, Bengaluru housing prices up 29%.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.jainoncor.com\/blog\/newsletter-week-2-november-2024\/#DDA_housing_scheme_Over_1200_LIG_flats_sold_out\" >DDA housing scheme: Over 1200 LIG flats sold out<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.jainoncor.com\/blog\/newsletter-week-2-november-2024\/#Why_India_is_a_poster_boy_for_NRI_investments_A_realty_sector_perspective\" >Why India is a poster boy for NRI investments: A realty sector perspective<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.jainoncor.com\/blog\/newsletter-week-2-november-2024\/#Nippon_India_MF_launches_passive_funds_on_auto_realty_indices\" >Nippon India MF launches passive funds on auto, realty indices<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.jainoncor.com\/blog\/newsletter-week-2-november-2024\/#Banking_on_bricks_The_real_story_behind_Indias_real_estate_boom\" >Banking on bricks: The real story behind India&#8217;s real estate boom<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Retail_leasing_hit_16_million_sq_ft_in_Q3_2024_with_high_street_rentals_up_15_YoY\"><\/span><span style=\"font-family: Cambria; font-size: 22px;\"><strong>Retail leasing hit 1.6 million sq ft in Q3 2024, with high street rentals up 15% YoY.<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5480 alignleft\" src=\"https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/2-1.png\" alt=\"\" width=\"202\" height=\"240\" \/>Retail leasing of 1.6 mn sq ft was recorded in the third quarter of 2024 with Hyderabad, Delhi NCR, and Mumbai leading the volume. High streets and not malls dominated the leasing landscape, accounting for 68% of the total retail space leased this quarter. Also, high street rentals witnessed an average growth of around 15% in the quarter.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">According to the Cushman &amp; Wakefield Q3- 2024 Retail MarketBeat Report, high streets dominated the leasing landscape, accounting for a 68% of the total 1.6 million square feet (MSF) leased this quarter, with Hyderabad, Delhi-NCR, and Chennai accounting for 70% of the total mainstreet leasing volume.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Donald_Trumps_advice_to_Indian_real_estate_partner\"><\/span><span style=\"font-family: Cambria; font-size: 22px;\"><strong>Donald Trump\u2019s advice to Indian real estate partner<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">Trump Towers is set to benefit further from Donald Trump\u2019s sweeping win in the US elections. The Indian partner Tribeca has finalised six new deals totalling 8 mn sq ft with the US brand.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">These are expected to have a sale potential of over \u20b915000 crore.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">India has the highest number of Trump branded projects in the world, after the US, with four Trump branded projects, totaling 3 m sq ft.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">The new projects will be located in Pune, Gurugram, Noida, Mumbai, Hyderabad and Bengaluru. \u201cTwo deals will be with repeat partners,\u201d he said, adding at least four deals will be announced by early December.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CapitaLand_Investment_raised_S131_million_from_Daibiru_Corporation_for_its_India_fund\"><\/span><span style=\"font-family: Cambria; font-size: 18px;\"><strong>CapitaLand Investment raised S$131 million from Daibiru Corporation for its India fund.<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5485 size-full\" src=\"https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/3-2.png\" alt=\"\" width=\"1280\" height=\"847\" srcset=\"https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/3-2.png 1280w, https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/3-2-300x199.png 300w, https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/3-2-1024x678.png 1024w, https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/3-2-768x508.png 768w, https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/3-2-850x562.png 850w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">Global real estate asset manager CapitaLand Investment Limited (CLI) on November 6 announced that it has secured a S$131 million capital commitment from new Japanese capital partner, Daibiru Corporation, for its India private fund &#8211; CapitaLand India Growth Fund 2 (CIGF2).<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">The capital commitment will increase CIGF2\u2019s funds under management\u00a0(FUM) to more than S$1 billion, the company statement said.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">Daibiru Corporation is a real estate subsidiary of shipping major Mitsui O S K Lines, Ltd in Japan.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CIDCO_Mega_Housing_Scheme_receives_huge_response_70000_people_apply\"><\/span><span style=\"font-family: Cambria; font-size: 22px;\"><strong>CIDCO Mega Housing Scheme receives huge response; 70,000 people apply<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-5487 alignleft\" src=\"https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/4-1.png\" alt=\"\" width=\"394\" height=\"304\" srcset=\"https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/4-1.png 488w, https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/4-1-300x232.png 300w\" sizes=\"auto, (max-width: 394px) 100vw, 394px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">Navi Mumbai: CIDCO\u2019s mega housing scheme, \u2018My Preferred CIDCO Home\u2019 has seen a huge response, with around 70,000 applications already in for 26,000 houses located close to public transport facilities. The scheme is open till November 11.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">Chief minister Eknath Shinde inaugurated the housing scheme for the Economically Weaker Section (EWS) and Low-Income Group (LIG) in Vashi on October 11. A \u20b92.5-lakh subsidy under the Pradhan Mantri Awas Yojana is available for EWS applicants.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Delhi-NCR_Bengaluru_housing_prices_up_29\"><\/span><span style=\"font-family: Cambria; font-size: 22px;\"><strong>Delhi-NCR, Bengaluru housing prices up 29%.<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">New Delhi: Housing prices in Delhi-NCR and Bengaluru appreciated 29 per cent year-on-year in the July-September quarter on strong demand, high input cost and an increase in the supply of luxury homes, according to Anarock. Real estate consultant Anarock&#8217;s data showed that the average prices of <strong><a href=\"https:\/\/www.jainoncor.com\/residential-properties-for-sale-in-delhi\">residential properties in Delhi-NCR<\/a><\/strong> increased 29 per cent to Rs 7,200 per square feet in the July-September quarter from Rs 5,570 per square feet in the year-ago period.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">In Bengaluru, the prices grew 29 per cent to Rs 8,100 per square feet in the third quarter of this calendar year from Rs 6,275 per square feet in the corresponding period of the previous year.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5492\" src=\"https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/5-1.png\" alt=\"\" width=\"826\" height=\"238\" srcset=\"https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/5-1.png 597w, https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/5-1-300x86.png 300w\" sizes=\"auto, (max-width: 826px) 100vw, 826px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">This forward-looking approach is designed to harness growth opportunities in a rapidly evolving economic environment, enhancing Godrej Capital\u2019s portfolio and establishing a stronger foothold in the competitive financial services sector.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">These efforts are aligned with national housing affordability initiatives and are expected to significantly increase the firm&#8217;s market presence and impact on various consumer segments.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"DDA_housing_scheme_Over_1200_LIG_flats_sold_out\"><\/span><span style=\"font-family: Cambria; font-size: 18px;\"><strong>DDA housing scheme: Over 1200 LIG flats sold out<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">New Delhi, Over 1,200 LIG and 440 EWS flats were sold out in DDA&#8217;s Sasta Ghar and Madhyam Vargiya Housing schemes, an official statement said on Saturday. In Ramgarh, out of 183 LIG flats in the scheme, 153 flats were sold, it said. While 708 LIG flats were sold in Rohini and around 250 flats were booked in Narela.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">Among the EWS segment, around 300 flats were sold out in Narela and all 139 flats offered in Loknayakpuram were also booked, it said.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">Since the first day of the booking on September 10, the scheme has received an impressive response with all HIG flats offered at Jasola being sold out on Day 1, the statement said.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">The latest to join the bandwagon were flats in Dwarka, where a balanced inventory of one penthouse, three super HIG, 18 HIG and a majority of MIG got sold in the bidding.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Why_India_is_a_poster_boy_for_NRI_investments_A_realty_sector_perspective\"><\/span><span style=\"font-family: Cambria; font-size: 22px;\"><strong>Why India is a poster boy for NRI investments: A realty sector perspective<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">India\u2019s real estate market has increasingly attracted Non-Resident Indians (NRIs), establishing itself as a reliable and rewarding investment destination. Amid global economic uncertainties, India has proven to be a beacon of stability and growth for real estate investments. Several factors make India the go-to choice for NRIs, from rising property prices to strong rental markets and a resilient economy.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">In contrast to the stability of the Indian housing market, global real estate sectors have faced significant challenges. In the USA, high interest rates and a shortage of housing supply have slowed the market. Meanwhile, China\u2019s real estate sector is dealing with a severe crisis, with major developers defaulting on loans and creating uncertainty for investors. This global downturn has pushed NRIs to consider India\u2019s relatively stable and growing market, where property investments are secure and poised for growth.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nippon_India_MF_launches_passive_funds_on_auto_realty_indices\"><\/span><span style=\"font-family: Cambria; font-size: 22px;\"><strong>Nippon India MF launches passive funds on auto, realty indices<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">Automobiles and real estate sector accounts for 7 per cent each in GDP and real estate sector alone serves as the second largest employment generator, accounting for 18 per cent of total employment.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">Passive funds have several inherent advantages for investors, such as low cost, diversification through a single unit and transparency, as both the funds will mirror their respective indices.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">The automobile sector accounts for 7 per cent of the country\u2019s GDP and is characterized by its diversity, including manufacturers of passenger vehicles, commercial vehicles, three-wheelers, twowheelers and automotive components.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Banking_on_bricks_The_real_story_behind_Indias_real_estate_boom\"><\/span><span style=\"font-family: Cambria; font-size: 18px;\"><strong>Banking on bricks: The real story behind India&#8217;s real estate boom<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">India&#8217;s real estate sector, significantly buoyed by a robust economy, has emerged as a pivotal player in the country&#8217;s development. With an 18 per cent share in national employment, real estate is the largest employment generator after agriculture. Currently valued at $493 billion, the sector contributes 7.3 per cent to India&#8217;s gross domestic product (GDP).<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">Our projections indicate this to increase to Rs 5.8 trillion by 2047, or 15.5 per cent of India\u2019s economic output. Key growth drivers include rising urbanisation, increasing disposable incomes, and heightened demand for residential, commercial, and logistics spaces, besides a growing need for data centres fuelled by advances in the space.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\">Economic growth, increased employment opportunities, higher disposable incomes, and the expanding reach of e-commerce into smaller cities have positioned these regions as the next growth fulcrum for the retail real estate sector.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-5495\" src=\"https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/6-1.png\" alt=\"\" width=\"605\" height=\"310\" srcset=\"https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/6-1.png 556w, https:\/\/www.jainoncor.com\/blog\/wp-content\/uploads\/2024\/11\/6-1-300x154.png 300w\" sizes=\"auto, (max-width: 605px) 100vw, 605px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Cambria;\"><i><strong>Disclaimer:<\/strong> The information in this newsletter has been compiled from various public domain sources and is presented as a summary for general informational purposes. Our research team verifies all content, but we do not claim originality of the research or images included.<\/i><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retail leasing hit 1.6 million sq ft in Q3 2024, with high street rentals up 15% YoY. Retail leasing of 1.6 mn sq ft was recorded in the third quarter of 2024 with Hyderabad, Delhi NCR, and Mumbai leading the volume. High streets and not malls dominated the leasing landscape, accounting for 68% of the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5411,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[776],"tags":[],"class_list":["post-5477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsletter"],"_links":{"self":[{"href":"https:\/\/www.jainoncor.com\/blog\/wp-json\/wp\/v2\/posts\/5477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jainoncor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jainoncor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jainoncor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jainoncor.com\/blog\/wp-json\/wp\/v2\/comments?post=5477"}],"version-history":[{"count":13,"href":"https:\/\/www.jainoncor.com\/blog\/wp-json\/wp\/v2\/posts\/5477\/revisions"}],"predecessor-version":[{"id":5496,"href":"https:\/\/www.jainoncor.com\/blog\/wp-json\/wp\/v2\/posts\/5477\/revisions\/5496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jainoncor.com\/blog\/wp-json\/wp\/v2\/media\/5411"}],"wp:attachment":[{"href":"https:\/\/www.jainoncor.com\/blog\/wp-json\/wp\/v2\/media?parent=5477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jainoncor.com\/blog\/wp-json\/wp\/v2\/categories?post=5477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jainoncor.com\/blog\/wp-json\/wp\/v2\/tags?post=5477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}