1999 -DECLINE 1997-D ECLINE India tops AT Kearney “Offshore Location Attractiveness Index - 2004” First LEED Platinum rated building outside USA - CII Godrej GBC becomes operational in Hyderabad WNS becomes the first Indian third party BPO firm to achieve USD100 million revenues Regulation on STPI (Software Technology Parks of India) established Commonwealth Games 2010 to be held in New Delhi GECIS (GE Capital International Services) - a captive outsourcing unit established in Gurgaon •
2
Indian Realty Milestones Regulation on STPI (Software Technology Parks of India) established 1991-EXPANSION 1997-DECLINE GECIS (GE Capital International Services) - a captive outsourcing unit established in Gurgaon 2000-CONSOLIDATION Indian Government initiates “Golden Quadrilateral” project US lifts sanctions imposed against India after the nuclear tests of 1998 • • 2004-RECOVERY India tops AT Kearney “Offshore Location Attractiveness Index - 2004” First LEED Platinum rated building outside USA - CII Godrej GBC becomes operational in Hyderabad WNS becomes the first Indian third party BPO firm to achieve USD100 million revenues • • • 2005-EXPANSION SEZ Act 2005 comes into effect Regulations relaxed to promote FDI in greenfield real estate projects India replaces US as the second most favoured destination after China in AT Kearney FDI Confidence Index • • • 2006-EXPANSION Case Shiller Home Prices Index peaks in USA Over 100 million sq ft of Commercial Office stock becomes operational in India India moves from Low Transparency to Semi Transparency on Global Transparency Index by Jones Lang LaSalle • • • 2007-EXPANSION US suffers from sub-prime mortage meltdown - HSBC, becomes the first bank to announce rising losses in the sector Unitech launches ‘Great India Place’ at NOIDA - the first million sq ft mall in India DLF becomes India’s second largest IPO raising USD 2 billion Bombay Stock Exchange (BSE) launches BSE Realty Index Land in Bandra-Kurla Complex auctioned at INR 50,000 per sq ft to Wadhwa Builders • • • • • 2010-CONSOLIDATION Commonwealth Games 2010 to be held in New Delhi Source: Jones Lang LaSalle and LaSalle Investment Management Research 2003-RECOVERY Delhi, Mumbai and Bangalore feature among top 24 cities of the world with potential to attract international real estate occupiers and investors 2002-RECOVERY STARTS FDI in real estate permitted Mumbai - Pune Expressway becomes fully operational Part of Phase I of Delhi Metro becomes operational • • • 2008-DECLINE STARTS Hyderabad and Bangalore International Airports commence operation India launches its first ever luxury malls - UB City -The Collection in Bangalore and DLF Emporio in Delhi REMF guidelines approved by SEBI • • • 2009-DECLINE Maharashtra government allows Non-IT occupiers to operate out of STPI registered IT Parks Imperial Towers, by Shapoorji Pallonji in Mumbai - 249 m height and 60 floors tall becomes the tallest building in the country Grade A Office stock doubles in 9 quarters; crosses 200 million sq ft BSE SENSEX gains 4,536 points in the first six months of 2009 Bandra Worli Sealink becomes operational in Mumbai Sunset clause on STPI benefits extended by a year to March 2011 • • • • • • 1999-DECLINE Indian outsourcing industry benefits from the Y2K remediations; accrues over USD 680 million of Y2K related programming revenues First Mall in India - Crossroads becomes operational in Mumbai • • 2011-RECOVERY
Transcript
Indian Realty Milestones
Regulation on STPI (Software Technology Parks of India) established19
91-E
XPAN
SION
1997
-DEC
LINE GECIS (GE Capital International
Services) - a captive outsourcing unit established in Gurgaon
2000
-CON
SOLID
ATIO
N Indian Government initiates “Golden Quadrilateral” projectUS lifts sanctions imposed against India after the nuclear tests of 1998
•
•
2004
-REC
OVER
Y India tops AT Kearney “Offshore Location Attractiveness Index - 2004” First LEED Platinum rated building outside USA - CII Godrej GBC becomes operational in HyderabadWNS becomes the first Indian third party BPO firm to achieve USD100 million revenues
•
•
•
2005
-EXP
ANSI
ON SEZ Act 2005 comes into effect Regulations relaxed to promote FDI in greenfield real estate projects India replaces US as the second most favoured destination after China in AT Kearney FDI Confidence Index
•
•
•
2006
-EXP
ANSI
ON
Case Shiller Home Prices Index peaks in USAOver 100 million sq ft of Commercial Office stock becomes operational in IndiaIndia moves from Low Transparency to Semi Transparency on Global Transparency Index by Jones Lang LaSalle
•
•
•
2007
-EXP
ANSI
ON US suffers from sub-prime mortage meltdown - HSBC, becomes the first bank to announce rising losses in the sector Unitech launches ‘Great India Place’ at NOIDA - the first million sq ft mall in India DLF becomes India’s second largest IPO raising USD 2 billionBombay Stock Exchange (BSE) launches BSE Realty IndexLand in Bandra-Kurla Complex auctioned at INR 50,000 per sq ft to Wadhwa Builders
•
•
•
•
•
2010
-CON
SOLID
ATIO
N
Commonwealth Games 2010 to be held in New Delhi
Source: Jones Lang LaSalle and LaSalle Investment Management Research20
03-R
ECOV
ERY Delhi, Mumbai and Bangalore feature among
top 24 cities of the world with potential to attract international real estate occupiers and investors
2002
-REC
OVER
Y ST
ARTS
FDI in real estate permitted Mumbai - Pune Expressway becomes fully operationalPart of Phase I of Delhi Metro becomes operational
•
•
•
2008
-DEC
LINE
STAR
TS
Hyderabad and Bangalore International Airports commence operationIndia launches its first ever luxury malls - UB City -The Collection in Bangalore and DLF Emporio in Delhi REMF guidelines approved by SEBI
•
•
•
2009
-DEC
LINE Maharashtra government allows Non-IT occupiers to operate out of STPI registered IT Parks
Imperial Towers, by Shapoorji Pallonji in Mumbai - 249 m height and 60 floors tall becomes the tallest building in the countryGrade A Office stock doubles in 9 quarters; crosses 200 million sq ft BSE SENSEX gains 4,536 points in the first six months of 2009 Bandra Worli Sealink becomes operational in MumbaiSunset clause on STPI benefits extended by a year to March 2011
•
•
•
•
•
•
1999
-DEC
LINE
Indian outsourcing industry benefits from the Y2K remediations; accrues over USD 680 million of Y2K related programming revenuesFirst Mall in India - Crossroads becomes operational in Mumbai
•
•
2011
-REC
OVER
Y
Real Estate Intelligence Service (REIS) India is a subscription based research service designed to provide you with cutting edge insights into India’s diverse and challenging real estate markets through collation, analysis and forecasts of property market indicators and trends across all major Indian markets across various real estate asset classes - office, retail, residential. REIS empowers you with consistent and complete
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