Land Leasing

Land is a state subject in India, with both the Parliament and state assemblies able to write laws around certain land rights

Leasing of retail space in malls and prominent high-street locations across eight major cities is expected to rise 17-28 per cent to 55-60 lakh square feet, driven by demand from retailers in fashion & apparel, homeware, and departmental stores categories, according to CBRE India. Real estate consultant CBRE South Asia Pvt Ltd on Wednesday released its report, '2023 India Market Outlook' that highlights key trends and projections for realty sector. "Retail leasing is expected to touch 5.56 million (55-60 lakh) square feet in 2023, the highest level after the 2019 peak of 6.8 million (68 lakh) square feet. It is expected that primary leasing in newly completed malls will remain the key driver of retail space demand in 2023," the consultant said. Figures denote leasing of space in investment-grade malls, prominent high streets and standalone developments. The eight cities tracked are Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune. After the 2019-peak, .

Latest Railways circular also offers details on various terms of the new 'land lease policy' approved by Cabinet last month; existing landholders can extend their lease for up to another 35 years

About 700 acres of land have been acquired for over USD 1.1 billion during January-June across eight cities to develop housing, office, retail, logistics and data centre projects, according to a CII-CBRE report. Industry body CII and property consultant CBRE India on Wednesday released the report Indian Realty Outlook - Demystifying Future growth opportunities at a real estate conference here. "We are quite optimistic about the real estate sector. But we need to be cautious considering global factors," said Anshuman Magazine, Chairman & CEO, India, South-East Asia, Middle East & Africa, CBRE. He said all segments of real estate in the 2022 calendar year will perform better than last year, because of higher demand for apartments as well as commercial, data centre and warehousing spaces. However, Magazine said there is a need for caution in view of rising interest rates, higher commodity prices and possible recession in US and European economies. He also pointed out that land ...

Sources also indicated that the current policy was causing a lot of leasable Railways land to go idle, notwithstanding the potential for terminal operations

Move likely to pave way for Concor's strategic sale

Leasing of industrial and warehousing spaces across five cities rose 7 per cent to 10.8 million square feet in January-June period on better demand, according to Colliers India

Fall 200 bps in 24 months as banks struggle to deploy credit

The government has been trying to replicate the Canadian model for National Land Monetisation Corporation

The Jammu and Kashmir administration on Tuesday authorised the district collectors to alienate agricultural land to a non-agriculturist for extending the primary activity on a larger commercial scale. "The Administrative Council (AC), which met here today under the chairmanship of Lieutenant Governor, Manoj Sinha, authorised the District Collectors to grant permission to an agriculturist to alienate land to a non-agriculturist subject to certain conditions and procedure for extending primary activities on larger commercial lines and reap benefits under economy of scale," an official spokesman said here. The spokesman said there have been multiple demands by Mahajans, Khatris and Sikhs for right of sale-purchase of agriculture land for investment in agriculture and allied activities. "Their resentment existed on the statutory provision that defined certain section of the society as agriculturist class who alone were eligible to own agricultural land under J&K Land Alienation Act ...

India's oldest port has been leasing its vast land bank for decades. With the Budget announcing plans to monetise public assets, it intends to expand its portfolio and extend to non-land assets, too

Everyone must have access to basic facilities

The lease deal has a tenure of five years and IBM will pay a rent of Rs 75 per sq ft or Rs 65 crore per year

Budget falls short on farm reforms execution

By dilly-dallying on the enactment of laws in tune with the NITI Aayog's model bill, state governments are doing a disservice to the farm community