Prime Minister Narendra Modi has recently inaugurated India’s biggest convention center, “Jasabhoomi” at Dwarka in Delhi. This ambitious project is expected to transform India’s position in the international conference tourism sector, which is estimated to be worth Rs 25 lakh crore. As a real estate specialist, I will discuss the intricacies of JASBHOMBIA’s effect on Dwarka expressway property. The inauguration of JASBhoomi is in line with Prime Minister Narendra Modi’s vision to increase India’s share of global conference tourism, which is currently at a paltry 1 percent. Jasbhoomi, along with Bharat mandapam, symbolizes India’s determination to host international conferences, meetings, and exhibitions, demonstrating a bold move towards global prominence.… Read more
PropertyPistol Insight Team
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How will Dubai Property Prices Look in the Coming Years?
The real estate market in Dubai is expected to slow down in the coming year as prices slow, according to a new report. S&P Global predicts that the real estate sector will expand by 5 to 7 percent in 2022. “We do not anticipate a significant disruption of the market, but rather that price growth could slow down and perhaps even reverse over the coming year, with price drops not exceeding 5-10 percent,” said analysts Tatsiana Lescova, S&P’s head of sector analysis, in a recent report. The prices of villas have exceeded their previous peaks, but the prices of apartments have fallen by 10-20 percent from their previous highs due to a historic oversupply. The Dubai property market continues to … Read more
Major Infrastructural Initiatives Carried out by the Modi Administration!
The Modi government has undertaken a number of major infrastructure projects in India, with the goal of improving the country’s connectivity and economic growth. Some of the most notable projects include:… Read more
Sudden Surge in Dubai Property Prices Causes Russians to Lose Interest in Dubai Property!
Real estate brokers say that Russian real estate purchases in Dubai have slowed down over the past few months, following a year that saw the ruble lose a quarter of its value and a natural dip after a year of rapid buying in the aftermath of the Ukraine invasion. According to brokers, some Russians who resettled in Dubai decided that Dubai simply wasn’t for them, and they moved elsewhere. Real estate in Dubai has long been popular with Russians, who flocked to buy property in the United Arab Emirates in 2022 as international sanctions hammered Russia’s economy and finances in the wake of the country’s annexation of Ukraine. The real estate boom in the UAE since the start of the … Read more
Brazil’s Digital Governance Outperforms Expectations: What India Can Learn?
While India has emerged as the world’s largest outsourced software service provider, Brazil’s tech focus has been on building strong systems for domestic consumption. This strategic choice has enabled Brazil to build a robust IT industry that serves the needs of its domestic market. Brazil does not have an underdeveloped IT ecosystem; rather, it has chosen a different path than India. The idea of DPI was at the top of everyone’s agenda during my visit. Brazil wanted to align its digital systems with India’s DPI approach, based on India’s success and the global attention it gained during the G20 presidency. I was bombarded with questions from different government agencies, municipalities, and academic institutions – all eager to learn more about … Read more
Indians are now Dubai’s Leading Real Estate Buyers!
India has emerged as the biggest real estate investor in Dubai, playing a key role in the development of the real estate market in the city. According to the Betterhomes residential market report, Indians topped the list of top nationalities in the June to September quarter, compared to the first quarter, when Britishers topped the list. This is because Indians purchase new homes in Dubai for end-users or investors looking for better yields and golden visa eligibility. Indians have consistently been one of the top five buyers of new homes in Dubai. However, increasing wealth and geopolitical isolation, such as that of Russia, have changed the dynamics of the market.… Read more
Dubai’s Branded Residences Boom Takes Off in Recent Years!
Leading the pack when it comes to designer-developer collaborations, DAMAC Properties has forged several strategic partnerships with world-renowned fashion and luxury brands in recent years. “DAMAC’s strategic partnerships have revolutionized luxury living destinations in the UAE and redefined the notion of branded residences,” said Amira Saiwani, managing director of Sales and Development at DAMAC Properties. Highlights of DAMAC’s partnerships include Cavalli-branded DAMAC Towers, by Paramount, DAMAC Hills 2, and Gems Estate, a jewelry house themed around Gems. … Read more
Campaign For Sustainable Trade And Smart Ports!
The India-Middle East – Europe Economic Corridor (IMEC) was announced at the G20 Summit in New Delhi as a game-changer for catapulting Indian ports to the top of the global trade chain. This ambitious corridor is a testament to India’s unwavering resolve to strengthen its maritime trade infrastructure and a forward-thinking approach to economic growth. It also provides an opportunity to build on India’s achievements under regional security and growth for all in the region (SAGAR) and domestic Sagarmala. With the changing dynamics of global trade, India’s sea ports have made significant improvements to enhance their global competitiveness.… Read more
India Still a Potential Market Despite the APAC Commercial Real Estate Deals’ Tough Spell in Q3!
Asia-Pacific commercial real estate hit a three-year low in third-quarter 2023, with deal volumes falling 37 percent year-on-year to $25,7 billion, according to a report from MSCI, the region’s largest commercial real estate market, and the lowest level since 2010. The report says the previous quarter was promising, but the story of a “higher for longer” interest rate environment put a damper on optimism for an early rebound. Most of the region’s countries saw a decline in deal volume. India accounted for 44 percent of the increase at $1,5 billion, led by Brookfield’s $683 million sale of 50 percent of its Mumbai office portfolio to Singapore’s GIC. … Read more
ADB & India Announce a $400 Million Financing Agreement to Build Urban Infrastructure!
India signed a policy-based $400 million loan agreement with ADB on Monday to develop quality urban infrastructure, enhance service delivery, and support effective governance systems, the finance ministry said in a statement. The program includes integrated planning reforms for controlling urban sprawl and promoting systemic and envisaged urbanization by strengthening the whole ecosystem of legislative, regulatory, and institutional reform. Sub-programme No 1 approved in 2021, with $350 million in funding, established national policies and guidelines for improving urban services. Sub-programme No 2 promotes investment planning and reforms at the state level and urban local bodies (ULBs) level.… Read more
