Pushpendra Singh

Industrial and warehousing leasing activity across the top five cities remained buoyant during Q1 2024 at 7 million sq ft. Amidst steady leasing, new supply too inched towards 7 million sq ft during Q1 2024, the highest in last two years. Key highlights of the report include: During the quarter, Mumbai and Chennai led the demand with 27% share each. Third-party logistics players (3PL) continued to be the top occupier, contributing to over 40% in the overall quarterly demand. The cumulative share of demand from retail, engineering and automobile players rose from 26% in Q1 2023 to about 40% in Q1 2024. At 11%, by the end of first quarter, vacancy levels increased by 120 bps as compared to Q4 2023. #Colliers #Industrial #Commercial #Realestate #warehouseleasing

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Real estate stakeholders anticipated several key announcements from the Union Budget 2024, and rightly so, we heard the Finance Minister share the government’s ambitious plans towards housing, infrastructure, sustainability, affordability & liquidity enhancement, taxation reforms and regulatory simplification. The Budget clearly defines the nine priority areas revolving around employment & upskilling, inclusive growth, augmentation in manufacturing, urban development, infrastructure growth, innovation and newer reforms, laying the foundation for future budgets and envisioning India’s growth trajectory. The GDP remains stable at 6.5-7%, and the decision to allocate 3.4% of the GDP towards infrastructure is an optimistic one for the real estate and construction sector that will unlock growth avenues for various asset classes. Key announcements in the budget include - 1. The capital outlay of over INR 11 lakh crore for infrastructure at 3.4% of GDP will boost equitable real estate growth in Tier I and II cities. 2. As housing continues to be one of the focus areas, under the PMAY urban scheme 2.0, INR 10 lakh crore has been allocated for the development of 1 crore houses. 3. The announcement of 12 Industrial parks under the National Industrial Corridor with a focus on creating integrated zones will propel supply of Grade A industrial spaces. We put together a report that takes a close look at the major budget allocations and their impact on the real estate sector. Read the findings here - https://ow.ly/uh6F50SI5VW #ColliersIndia #IndiaRealEstate #ColliersResearch #UnionBudget #budget2024 #taxation #budgetanalysis

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OFFICE SHOWBOATING In the wake of the hybrid office model that emerged post-pandemic, we faced challenges but also discovered unexpected benefits for employees. This period forced us to rethink our work habits, showing us a new way to excel without the constraints of formality and traditional hierarchies. Today, millennials seek workspaces that are welcoming, hospitable, and thoughtfully designed to support both physical and mental well-being. The modern office is diverse, inclusive and breaking down barriers in ways that will become increasingly evident over time. As we embrace the trend of "Office Showboating," it's essential to recognize the subtle connections between people and the spaces they occupy. Striking the right balance is key to a fulfilling work experience. The phenomenon of Office Showboating is now largely driven by management as a strategic effort to reconnect with employees and strengthen company culture. We know that great companies aren't built on virtual meetings alone. It's through face-to-face interactions in physical spaces that bonds are formed, culture is celebrated, and passion is shared. Employers have come to understand that productivity is closely tied to the employee experience. Organizations need to stand out, express their unique identities, and create environments that inspire joy and a sense of ownership among their employees. As trends evolved, bringing employees back to the office became a pressing challenge for employers. The solution was to transform the office from a place of routine into an experiential destination. The concept of 'Office Showboating' arose from this need. Over time, companies realized that to attract talent, build culture, and encourage the workforce's return to the office, they needed to shed rigid formality and embrace a vibrant, dynamic atmosphere. Office Showboating has now become a benchmark for what the modern workplace should aspire to be. A new design language began to emerge rapidly. Suddenly, offices featured wooden floors, rugs, and sofas. Artworks and decorative lighting were introduced, all aimed at making the office more appealing to employees. Traditional cubicles were replaced by activity-based workspaces; meeting tables began to resemble dining tables, and reception areas became welcoming foyers. Designers enthusiastically blurred the lines between office and home. Offices could now be designed as hangouts, coffee shops, or even pubs, without hesitation. Hospitality design aesthetics started to heavily influence the new office environment. #Commercialrealestate #realestate #officeleasing #offices #workplace #realty #realtors #developements #experiences #redevelopements #employeeengagements #greatplacetowork #design #architecture #techparks #officeparks #Prestigeofficeventures #Prestigegroup

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It's time for artists and cricketers to take responsibility for the products they endorse. They should refrain from promoting items that could potentially harm people. As influential figures, they have a social responsibility to carefully assess the brands they associate with, ensuring their endorsements do not support products that are detrimental to public health or well-being. Additionally, it's high time for government authorities to introduce stringent regulations to control the advertisement of such products, similar to the approach taken by Singapore. While we may not be able to match Singapore's standards overnight, we can certainly begin taking small but meaningful steps toward achieving those standards in the coming years.

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GCCs are Giving Indian Office Realty a Millions of sq ft Lift Capability centres set to occupy 280m sq ft of Grade A office space by 2026-27 India's Global Capability Centre (GCC) sector is experiencing unprecedented growth, solidifying the country's position as a global hub for innovation and digital transformation. With over 1,800 GCCs established by more than 1,400 global companies, India's attractiveness for multinational corporations seeking operational excellence is evident. These GCCs currently occupy an impressive 240 million sq ft of Grade A office space across seven major cities: Mumbai, Delhi-NCR, Kolkata, Bengaluru, Pune, Hyderabad, and Chennai. Industry experts project this footprint to expand to over 280 million sq ft by 2026-27, accommodating more than 2,300 GCCs. Bengaluru leads the pack, hosting 42% of total GCC space, thanks to its robust tech ecosystem, educational institutions, and cosmopolitan work culture. The sector is dominated by three key industries: manufacturing, IT/ITeS, and BFSI, collectively accounting for 78% of the occupied area. Recent leasing activity underscores the sector's robust growth, with GCCs leasing 35.2 million sq ft of office space in the last 18 months alone. Bengaluru, Hyderabad, and Chennai captured three-quarters of this activity, highlighting the region's appeal. As GCCs evolve from cost-saving operations to innovation powerhouses, India's influence in driving global business transformation and digital advancement is set to increase. This shift not only showcases India's rising status as an innovation hub for multinationals but also promises a bright future for the country's role in shaping global business strategies. #IndiaGCC #GlobalInnovation #DigitalTransformation #SeeSBrighterWay JLL India

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𝐀𝐥𝐥 𝐟𝐨𝐫 𝐎𝐧𝐞; 𝐎𝐧𝐞 𝐟𝐨𝐫 𝐀𝐥𝐥 🤝 Fortunate to have served with some extremely talented senior officers who taught me life lessons on 𝐓𝐞𝐚𝐦 𝐒𝐩𝐢𝐫𝐢𝐭. Sharing few anecdotes which have left indelible impressions on my life 𝘌𝘮𝘣𝘳𝘢𝘤𝘦 𝘋𝘪𝘷𝘦𝘳𝘴𝘪𝘵𝘺 𝘪𝘯 𝘚𝘵𝘳𝘦𝘯𝘨𝘵𝘩𝘴 𝘢𝘯𝘥 𝘞𝘦𝘢𝘬𝘯𝘦𝘴𝘴𝘦𝘴 🪖 As a young officer I was confronted with some situations, which led me to have a discussion with senior most officer of the Unit. "Son, all team members do not have the same qualities. Everyone has weaknesses and strengths. They are like the fingers of a hand; if joined together, they become a fist and are a formidable force." 𝘓𝘦𝘢𝘳𝘯𝘵 - The importance of recognizing and valuing the unique contributions of each team member. 𝘌𝘴𝘴𝘦𝘯𝘤𝘦 𝘰𝘧 𝘊𝘰𝘭𝘭𝘦𝘤𝘵𝘪𝘷𝘦 𝘗𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 🪖 I expressed concern to a senior officer, saying, "Sir, all my officers and senior subedars are getting good gradings in educational courses, but still my sub unit is not performing well in sports and drill competitions." He responded, "Buddy, you don't need gladiators in war; you need a team to perform together as one. If your officers and subedars do not use the knowledge gained in courses with your team members, your subunit will not perform." 𝘓𝘦𝘢𝘳𝘯𝘵 - It's not enough to have individually talented members; what matters is how well they work together towards a common goal. 𝘜𝘯𝘸𝘢𝘷𝘦𝘳𝘪𝘯𝘨 𝘊𝘰𝘮𝘮𝘪𝘵𝘮𝘦𝘯𝘵 𝘵𝘰 𝘌𝘢𝘤𝘩 𝘖𝘵𝘩𝘦𝘳 🪖 Reading a book on 1971 Indo-Pak war, I asked a senior officer about an incident where Naik Natha Singh refused orders to retreat without his buddy even at the cost of his own life. He said, "KK, we don't leave anyone behind”. Natha, even under enemy fire, didn't budge and carried his buddy on his shoulder and returned to base. 𝘓𝘦𝘢𝘳𝘯𝘵 - The sentiment of "brother to my left, brother to my right, together we stand, together we fight" resonates deeply, highlighting the strength that comes from mutual trust and support. 𝘛𝘦𝘢𝘮 𝘐𝘯𝘥𝘪𝘢'𝘴 𝘛20 𝘛𝘳𝘪𝘶𝘮𝘱𝘩 🏏It wasn't just about individual stars; it was about the entire team coming together, each player contributing their strengths for a collective victory. This victory wasn't just a testament to their cricketing skills, but to their ability to function as a cohesive unit. 𝘞𝘦𝘭𝘭 𝘋𝘰𝘯𝘦 𝘛𝘦𝘢𝘮 𝘐𝘯𝘥𝘪𝘢 🏆 𝘗𝘳𝘰𝘶𝘥 𝘰𝘧 𝘺𝘰𝘶𝘳 𝘢𝘤𝘩𝘪𝘦𝘷𝘦𝘮𝘦𝘯𝘵. ✨ #TeamSpirit #OneTeam #Teamwork #TeamBuilding #Leadership #Motivation #MentalHealth #SportsManagement #Bonding #Inclusivity #Diversity

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"Thrilled to have completed an enriching industrial tour at Panyapiwat Institute of Management, Thailand. This experience provided incredible insights into global business practices and innovation. Grateful to the university for recognizing my participation with a certificate. 🌏📜 #LearningBeyondBorders #Thailand #PanyapiwatInstitutes #IndustrialTour #GlobalExperience"

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Delve into the latest JLL research report shedding light on the key trends and insights shaping one of the fastest-growing markets globally - India's data centre investments. https://lnkd.in/g5mWu7V9 #DataCenter #India #Investments #JLL #Research

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Stay connected with Manpreet Singh for the ABCD checklist of DG sets! A. Daily Maintenance: 1) A-check: This is a daily check that ensures the smooth functioning of DG sets (1000-1500KVA). During this check, we focus on: a) Checking the oil level b) Verifying the coolant level c) Inspecting the gauge valve level d) Looking for any signs of leakage e) Ensuring the cleanliness of the DG set B. Periodic Maintenance: 2) B-check: This maintenance is performed after every 300 hours of operation or every 6 months, whichever comes earlier. It plays a crucial role in extending the lifespan of the generator. Remember, the longevity of your generator depends on how well you handle it. So, stay tuned with Manpreet Singh for more valuable insights! Cummins Inc. Cummins India Catterpillar Technologies

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Did you know Mumbai T2 Airport has cabs driven by women? Did you know that women cab drivers have been transporting passengers for the last twenty years? Did you know that women-driven taxis are invariably air-conditioned? If your answer to any of these questions is "no," you might not be the only one. Despite the talk about diversity, inclusion, equity, and equality, Mumbai's taxis are quietly sidelining their women drivers. Let me explain. While I have been traveling regularly in city taxis from Mumbai T2 arrivals, choosing the ‘Kaali-Peeli’ or rather the ‘neeli-sunehri’ AC taxi over Ola and Uber, it's mostly post 11 p.m. when I get allotted a woman driver. This week, when I returned, I chose to hire an AC taxi, but as my ticket was being processed, they ran out. Sheepishly, the clerk offered me a non-AC option. I agreed, assuming I had no choice. But then, the clerk asked me, "Are you okay with a woman driver?" My response was, "Why wouldn’t I be! All I need is a cab that will drive me home. The driver does not matter." Throughout my travel, my taxi driver told me that women drivers are often ignored, passed over, and made to wait hours before being allotted a passenger. Like all professionals, these women are out there earning their livelihood, but the cartel of male clerks and drivers is deliberately hindering their chances. So, next time, when you arrive at Mumbai Terminal 2, go to the city cab section and ask for a woman-driven cab. #womenatwork #Mumbaicity #diversityequityandinclusion #equality #womensday  

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In today's digital age, authenticity is key. By embracing #ViratKohli's qualities, such as his discipline and authentic lifestyle, brands can create a more profound impact. It's all about making your brand a part of the consumer's lifestyle, just as Virat does. This approach to branding isn't just theoretical—it's practical and actionable. It can be applied to your strategies to ensure your brand reaches and resonates deeply with your audiences. Very well-written piece in Social Samosa. #InfluencerMarketing #PersonalBranding #DigitalMarketing #MarketingStrategy

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It’s raining GCCs across sectors in India, and they are transitioning from 24x7 back-end operational support to the forefront of global operations. According to EY's 'Future of GCC in India' report, the GCC market is projected to exceed $100 billion by 2030, supported by 2400 GCCs across the country employing over 4.5 million people With India's GCC ecosystem growing at 6% annually, global organizations eagerly embrace this thriving environment. As more companies observe the success of their peers and service providers in the Indian GCC ecosystem, MNCs are now shifting from asking why to set up Global Capability Centers to focusing on how to establish one.

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Is #India on your radar for your #manufacturing expansion? The country’s ascent as a manufacturing powerhouse is gaining momentum. JLL report delves into the factors driving #foreign #investment and explores the #potential #benefits and considerations for your expansion strategy: - Which #industrial #sectors offer the best opportunities? - Where are the key industrial #clusters? - What government #policies are driving manufacturing? - What #companies are investing? Download now: https://lnkd.in/dBbhjtDE #JLL #realestate #supplychain #manufacturing #India #InvestinIndia #NewIndia

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Why the ‘Walk to Work’ Concept Envisioned for BKC Failed The Bandra Kurla Complex (BKC) in Mumbai was designed with the ambitious ‘walk to work’ concept, aiming to create a seamless and pedestrian-friendly business district. However, despite its potential, the concept has faced significant challenges and has not fully materialized. Key Challenges 1. Poor Last-Mile Connectivity: One of the primary reasons for the failure of the ‘walk to work’ concept is the lack of efficient last-mile connectivity. Commuters from Bandra and Kurla stations often struggle with limited bus services and overcharging autorickshaw drivers. The distance from these stations to BKC, coupled with congested slums and narrow pathways, makes commuting a daily challenge. 2. Traffic Congestion: BKC’s roads are frequently choked due to ongoing infrastructure projects and the high volume of private vehicles. The lack of dedicated pedestrian pathways and the presence of unauthorized parking further exacerbate the situation. 3. Inadequate Public Transport Options: Although there have been efforts to increase the number of bus routes to BKC, the current options remain insufficient to meet the demand of the 4 to 6 lakh daily commuters. The introduction of pod taxis and cycle tracks is a step in the right direction, but these solutions are still in the planning or early implementation stages. 4. Cycle Lanes in BKC - A Traffic Nuisance: The cycle lanes in Bandra Kurla Complex (BKC) have become a point of contention due to their impact on traffic flow. Critics argue that the cycle lanes reduce the available road space for motorists, contributing to longer commute times and increased frustration among drivers. Implications of Upcoming Commercial Supply The upcoming commercial supply of 9 million square feet in BKC is expected to put additional pressure on the already strained infrastructure. With more businesses setting up offices in the area, the number of daily commuters will likely increase, leading to further congestion and challenges in last-mile connectivity. Moving Forward To truly realize the ‘walk to work’ vision, a multi-faceted approach is needed. * Enhancing Public Transport: Expanding and improving public transport options, including the timely implementation of the pod taxi project and better integration with existing transport modes, is crucial. * Improving Infrastructure: Developing dedicated pedestrian pathways, increasing the frequency of buses, doing away with cycle lanes, or at least narrowing the cycling lanes and ensuring strict regulation of autorickshaw services can significantly improve the commuting experience. The ‘walk to work’ concept for BKC holds great promise, but it requires concerted efforts from all stakeholders to address the existing challenges and create a truly pedestrian-friendly business district. #UrbanPlanning #SustainableDevelopment #BKC #MumbaiInfrastructure #WalkToWork #PublicTransport #CommercialRealEstate #SmartCities

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