Rental Space

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

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

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.

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

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 ...

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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

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

If the real estate sector is properly managed, it could drive not just finance but demand for a range of products and services, writes T N Ninan

DCCDL is a JV between DLF - the largest publicly listed real estate company in India - and Singapore's sovereign wealth fund GIC

With the Cyber Park project rents commencing, expect the growth on the rental front to remain steady

Disruptions following the pandemic impacted its top line too

The move underscores a rebound in parts of the travel industry, which was battered this year by restrictions and shutdowns due to the Covid-19 pandemic

RMZ, one of the biggest owners of office properties in southern India, has done a handful of lease rental deals with global firms in recent weeks.

The proposed reforms could bring in much-desired relief to tenants and home owners alike

The index that tracked 20 key international markets in Asia, recorded 0.6 per cent increase in the September-ending quarter over Q2 2017

Broker sector plays an important role in real estate transactions & is a Rs 25,600 crore industry

Absorb 70% of space in major cities during January-March 2016