Ashutosh Limaye Archive

71 Years of Independent India – The Real Estate Milestones

Ashutosh Limaye, National Director – Research, JLL India Often, how a particular industry shapes up depends on government’s initiatives and interventions – largely done through new sector-specific policies as well as tweaking older ones to better suit the changing business environment. While the government’s role is important, it is the market conditions, geopolitical events, socio-economic

The Liquor Ban Real Estate Story – Highway to Hell?   Ashutosh Limaye, National Director – Research, JLL India

With the recent Supreme Court ruling banning the sale of liquor from establishments located within 500 meters of the National and State highways, a new real estate dynamic is at play. Two different categories of establishments have been impacted, with corresponding effect on real estate:   F&B outlets located within malls and stand-alone restaurants located

What’s In A Project Name? Everything, Say Developers

Ashutosh Limaye, National Director – Research, JLL India It is natural to wonder why certain realty projects, such as ‘Worli 1973’, ‘W54’ or ‘Three Sixty West’, are so named. Or why some developers come up with esoteric names ranging from Greek gods to foreign flora for their projects. In fact, the naming of realty projects

The Importance Of Market Research In Indian Real Estate

 Ashutosh Limaye, Head – Research & Real Estate Intelligence Service, JLL India There is a lot of opacity in India’s real estate market. The industry is highly fragmented, and availability of data/ information in the public domain is limited. Moreover, the real estate industry is very locally orientated and in India, with every market behaving

BFSI Regains Office Occupancy Share

Mumbai and Delhi CBDs see the number of BFSI leases go down Ashutosh Limaye, National Director – Research, JLL India The banking, financial services and insurance (BFSI) sector has reclaimed its footprint of office occupancy across Indian cities. From around 7% in 2012, the occupier profile of this sector has steadily increased over the last

Only 1.10% Of Mumbai’s Total Inventory Completed, Yet Unsold

In terms of units though, the proportion of completed-yet-unsold inventory is only 3.5% of the total – across Mumbai, Thane and Navi Mumbai Ashutosh Limaye, National Director – Research, JLL India   Developers have been left wondering why end-users are not buying into their projects even after offering numerous discounts and schemes. The latter, on

Two Cities, Two Tales

Ashutosh Limaye, National Director – Research, JLL India   While prices in many established areas of Delhi declined by 10-20% in 2013 and then stabilized in 2014, property prices across Mumbai increased by a negligible 0.3% in 2013 and 7% in 2014   Delhi   Residential prices in established locations of South and Central Delhi

NCR Property Buyers Held To Ransom By Apathy From Developers, Authorities

While construction of housing projects has been restricted in Noida Extension due to the latest NGT order, another order in 2013 affected several projects in the eco-sensitive zone around the Okhla Bird Sanctuary.   Ashutosh Limaye, National Director – Research, JLL India   A National Green Tribunal (NGT) order in 2013 and yet another recent

Why Mumbai’s DP 2034 Was Scrapped – And What Next?

Ashutosh Limaye, Head – Research & Real Estate Intelligence Service, JLL India   To say the least, Mumbai’s draft DP 2034 had some major drawbacks, particularly concerning the mapping of existing land use and proposals related to densification, infrastructure, and open spaces. The approach of this DP was to guide development with differential FSI as

Investment Advice – Residential Complexes Vs. Smaller Projects: Ashutosh Limaye, Head – Research & REIS, JLL India

Residential property in India has evolved into an asset which individuals hold for multiple purposes, not merely self-occupancy. Individuals now seek homes either for investment purpose, or for weekend stays and ‘lifestyle accommodation’. It is therefore apt to look at residential projects on the basis of the profile of individual buyers. In an upcoming research