The Goods and Services Tax (GST), launched by the Indian government, has leveled the proverbial “tax playing field”. It has brought a complicated web of taxations under a single, simplified structure and promotes, what we can hope will truly be, a more transparent, fraud-free tax system. Real estate is the second largest industry, generating jobs and income in the country, close on the heels of agriculture, and it accounts for a considerable percentage of the country’s GDP. Continue reading “The GST Impact on Commercial Real Estate”
Retail in India has found a new and unlikely battleground – the airport. As air travel gains popularity, airports are emerging as the next hot spot for national and international brands. Airport retailing is a popular concept globally and we have a long way to go before we catch up with Asia’s big airports such as Singapore or Hong Kong. However, with privatization and revamping of major airports, travel retail has picked the pace and emerged as a growing trend across cities. Continue reading “Airport Retailing: Ready to Take Off”
The brick and mortar location of a retail business is perhaps the most crucial decision an owner will make. The difference between a good and bad commercial location could potentially be the difference between making or breaking the business. There are multiple factors to consider when deciding on a suitable spot for a retail outlet that ranges from rules and regulations to customer needs, the target demographic and brand image and requirements. Continue reading “3 Things to Consider when Scouting for a Retail Location”
While it is common for developers and large corporate occupiers to have a dedicated in-house commercial real estate project management consultant team in place. Poor commercial property management can delay your project launch, create hurdles in business planning and add layers of cost. Partnering with a competent commercial real estate project management consultant offers builders and developers with a single point of accountability on each project and passes the responsibility of getting things right on an external team. Continue reading “Warning Signs that you need to Hire a Commercial Real Estate Project Management Consultant”
With the passage of time, the role of commercial real estate (CRE) consultants has evolved and now involves much more than linking a commercial property buyer and seller. Today, commercial real estate consultants have become value-added service providers instead of merely transaction facilitators. Their role involves much more than securing the best property value available and negotiating the optimum terms of lease, purchase or sale of commercial real estate.