this week's edition
Welcome to this week's newsletter! In this edition, we cover the growing demand for warehousing, residential developers' debt levels, India's top ranking in LEED Zero, and the positive comments on India's economy from global giants like Ray Dalio and Elon Musk.
Stay informed with our comprehensive coverage of these key topics and gain insights into the dynamic Indian real estate landscape.
Warehousing demand at new peak led by manufacturing, third-party logistics, retail sector. leasing was the highest in the last 8 quarters, led by 3PL players. Demand from FMCG and retail rose 3-fold YoY driven by increased domestic consumption Vacancy levels declined 170 basis points YoY amidst robust demand and limited supply
India, LEED Zero Leader: India takes the lead in LEED zero projects across the Globe. It is not clear whether LEED zero is awarded to projects that have net zero or net positive status in? any one category or all categories(Carbon, energy, waste or water).
India has outperformed both the United States and China, accounting for a substantial 45% of the over 150 total LEED Zero certifications globally. The country's total tally stands at 73, as reported by the U.S. Green Building Council (USGBC) and the Green Business Certification Inc (GBCI). The United States and China have the second and third most LEED Zero certifications, with 47 (30%) and 15 (10%) certifications, respectively.
Listen to what the global giants had to say about India's rising potential: The positive comments from global giants like Ray Dalio and Elon Musk on India and its economy will significantly boost investor confidence, attract foreign direct investment, and contribute to India's economic growth and development. click on the image below
Residential: Residential real estate developers across the top six cities of India are expected to clock 8-10% sales growth this fiscal, despite interest rates and home prices rising last fiscal, riding on 4-6% volume growth and 3-5% increase in capital values.
Buoyant residential demand across the mid, premium and luxury segments had resulted in robust sales growth in the past two fiscals. Leverage and credit profiles of real estate developers had strengthened, too, and should sustain over the medium term.
A CRISIL Limited Ratings study of 11 large and listed and 76 small and mid-sized residential developers, accounting for 35% of the residential sales in the country, indicates.
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Below are debt levels of 11 large listed and 75 small-mid size developers debt levels who collectively accounted for 35% Resi sales in the country.?
According to CRISIL Limited the debt levels for large 11 players stood at 15-17%, and for small-mid size developers which is around 44-46% which is very conservative.
Have a Great week!