On the commercial real estate front, after a healthy performance in the first half of this financial year, net leasing will slow down in the second half owing to fears of an impending global recession
Rental properties are seeing high demand in major metros and many of them are getting rented out within six hours of posting advertisements online, according to a realty portal.
Among structural changes needed for proper urbanisation are directly elected mayors, a sensible property tax system, citizen- and bicycle-friendly designs, and clear FAR rules, writes T N Ninan