At 9%, Navi Mumbai surpasses all other micro-markets; average rents increase by 1% (Y-o-Y), according to realty consultant JLL In 1Q2017, the Y-o-Y increase in rentals was the highest in Navi Mumbai at 9%. Mumbai’s gross average rents, which include Thane and Navi Mumbai micro-markets, rose by only 1% (Y-o-Y). Within Mumbai, the western suburbs’
The city’s positive commercial real estate development, implementation of policy initiatives, coupled with a robust social and physical infrastructure, and growing talent pool especially in the IT/ITeS segment, is expected to support the growth of the housing market in the city. Bengaluru led residential sales in 2016 with a 27% share as against 25% in
Sterling Trunking 3002 comprises three separate compartments, each with its own individual cover making it ideal for the multiple services required on a hospital bed head – lighting, communication and patient monitoring equipment. Specifiers working on ward upgrades at the leading North Devon District Hospital in Barnstaple, UK, required a cable management solution that met
The country’s real estate sector gets its very own regulator from May 1 as the Real Estate (Regulation and Development) Act, 2016 comes into effect. Under the Act, each state and union territory will have its regulatory authorities for framing rules and regulations. RERA, that saw the light of the day after a long wait
The developers are confident that the new tax system will greatly improve a fractured tax regime and help create an integrated domestic market. Real estate developers have welcomed the implementation of Goods and Services Tax (GST). They are confident that the new tax system will greatly improve a fractured tax regime and help create an
The global lighting tech titan Philips Lighting showed SEL its vision of smart cities by 2030, through a Virtual Reality (VR) headset at a recently-concluded expo in New Delhi. With the VR headset on, we got a preview of how the company visualises the role of connected lighting technology in the Modi government’s ‘100 Smart
While the leasing activity was led by small to mid-sized deals, transaction activity continued to be driven by IT/ITeS in NCR, Mumbai, Bengaluru, Hyderabad, Chennai, Pune, Kolkata and Kochi. The office space absorption in the country’s eight ‘key’ cities rose 8% at 8 million sft during the first quarter of 2017, according to real estate
In its latest report, global clean energy consulting firm Mercom Capital Group gives an insight into the country’s falling solar tariffs by presenting the trajectory, factors of low tariffs and the future. The country’s solar sector recently reached record low tariff levels in the auction conducted at the Rewa Solar Park in Madhya Pradesh. India
Russ Sharer Lighting system standards are meaningless without interoperability Solid-state lighting (SSL) is driving innovation in the lighting industry and LEDs are making their way into all facets of lighting for home, business, outdoor applications, or anywhere dependable, long-lasting lighting is required. And with the expanding adoption of SSL comes new possibilities for intelligent lighting.
The domestic electrical and lighting industries have responded in a myriad ways to the Union Budget 2017-18 tabled by Finance Minister Arun Jaitley in the Parliament, on February 1, 2017. While the players foresee several positive triggers emanating from the Budget, their response is equivocal to the proposal of duty cuts on LED input materials.