Fintech PR
Capital Inflows Into Indian Real Estate Have Surpassed USD53 Billion Since 2008: Colliers International India
Colliers International India released a report titled ‘Translating Challenges into Opportunities’ covering the current landscape in corporate real estate and facilities management, and factors that influence the real estate sector.
The report outlines the current situation and challenges in the real estate market and highlights how the concerns can be turned into opportunities, paving the way for future success. Some of the pressing points and key recommendations, which were discussed by the stakeholders at the RICS leadership conference are:
Regulatory Reforms
The Indian economy has witnessed strong growth over the last five years, marked by a revival in business confidence, along with FDI friendly government initiatives. As the sector moves towards transparency brought about by professional management, necessary disclosure and reporting norms need to be adopted across the sector. Project sanctions through single-window clearances and regulations must go hand-in-hand, in a view to promote the sector. There is an urgent need to make policies and regulations in the industry more accessible to the public as well as industry professionals, as they are often convoluted.
Investments
Investment in real estate has been increasing over the last few years, as a result of improved investor confidence led by the aforementioned reforms. As per Colliers Research, the capital inflows into Indian real estate have surpassedUSD53 billion since 2008. Interestingly, investment during 2014-Q1 2019 accounted for 59% of the total inflows into the real estate sector since 2008. At a time when India’s first REIT has been successful, with more listings on the way, professional management and international standards-based valuation of properties (International Valuation Standards (IVS) / RICS Red Book) need to be adopted, along with necessary disclosure and reporting norms.
Office Market
The strong macro-economic environment, and FDI-friendly government initiatives have propelled the commercial office sector. As per Colliers Research, from 2019 to 2021, it is expected that the commercial demand to remain healthy, with average annual gross absorption of 49 mn sq ft till 2021.Upcoming annual average supply of 66 mn sq ft till 2021, competitive rent levels, and developing infrastructure in cities are likely to work in India’s favour.
“The strong macro-economic environment, and FDI-friendly government initiatives have propelled the commercial office sector. We noted 2018 to be the best year for office demand, with gross leasing activity of 50 mn sq ft. The market is recording high preleasing activity as occupiers plan ahead, suggesting robust absorption and therefore continued market growth over the next couple of years“, said Sangram Tanwar, Managing Director, Mid-India, Colliers International India.
Flexible workplace use is likely to continue to be a large demand driver. On the other hand, global in-house centres are likely to take up large tracts of office space in top cities, with increased focus on innovation through technology. The government must consider extending the direct tax benefit provided by Special Economic Zones (SEZs) beyond the sunset clause in 2020.
Talent in CRE
The commercial real estate (CRE) market in India is growing at a rapid pace and it is increasingly important to have the right people for the right role. Established companies need to give priority to develop and nurture talent, thereby emerge as brand ambassadors of the sector. As the sector matures, there needs to be an impetus on reskilling and upskilling of professionals.
Tech in CRE
Technology is becoming an important facet in CRE, as developers and occupiers understand the importance of technology in operations. Developers are beginning to consider investing in smart buildings that use automated processes to control building operations. Data analytics is likely to be critical for energy savings, reduction of total lifecycle costs, business efficiency and sustainability. The importance of the Internet of Things (IoT) and Artificial Intelligence (AI) needs to be well-understood among stakeholders. Developers and occupiers need to analyse and understand the benefits (better efficiency, lower operating expenses) from technology, and sustainable buildings.
“Overall, the commercial real estate is on the cusp of change with greater corporate governance, and higher degree of institutionalization. With this, we also urge the government to facilitate single-window clearances that will go a long way in further improving the ease of doing business. On the office front, we are witnessing technology becoming centric to not only occupiers, but also developers. Occupiers and developers are studying how AI and IoT can maximize efficiencies in workplaces. AI can help make predictions and automate routine activates in offices, thereby enhancing occupier experience. Developers too can use IoT for better intra-systems communication, in order to respond to building requirements”, said Megha Maan, Sr. Associate Director, Research at Colliers International India.
SOURCE Colliers International India
DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.
From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.
Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).
More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.
“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.
Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.
Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2559070/Image.jpg
Logo – https://mma.prnewswire.com/media/2267288/5029737/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-crypto-titans-november-arena-boasts-55-000-usdt-in-rewards-302307028.html
Fintech PR
Healthcare leaders gather at House of Commons to discuss productivity-boosting tech with MyStaff app
LONDON, Nov. 15, 2024 /PRNewswire/ — Healthcare leaders from 16 NHS trusts gathered at the House of Commons this week to see how Mid and South Essex NHS Foundation Trust is using a groundbreaking new app that transforms staff access to information vital to their patients’ care.
The MyStaff app uses AI and automation to simplify the management of critical policies and procedures, reducing the time staff spend searching for information from almost 10 minutes to under 30 seconds. Over 12,000 of the Trust’s staff have signed up, and around 1,000 are using the app daily.
With £2bn pledged to help digitise the NHS and bring down waiting lists, such time-saving tech is high on healthcare’s agenda. Trust Chief Executive Matthew Hopkins introduced the session, which was hosted by David Burton-Sampson, MP for Southend West and Leigh, and saw technology strategists and users share their experiences of digitising vital healthcare operations.
Matthew said: “Our Trust is working to make the best use of digital technologies wherever this can help staff to provide the best possible care to our patients. MyStaff app is a versatile and easy-to-use tool that improves our governance processes and makes it easy for staff to access the vital clinical information they need when treating patients.”
The Trust developed MyStaff app with digital innovators Diligram, who have created a digital governance solution that helps ensure staff use the latest policies and guidance when delivering patient care. Document compliance rates have grown from 60% to 98%, whilst projections indicate the app could release 55,000 hours’ worth of staff capacity over 3 years, worth almost £4m in staff costs and giving staff more time on patient-facing care.
Diligram CEO Leslie Golding said: “We have worked closely with the Trust on developing groundbreaking technology that supports our healthcare heroes by simplifying access to essential information. We’re proud to be part of this brilliant example of positive digital change.”
Editor’s notes
- Contact: Rob Benson, 07815098560, [email protected]
- Further images, interviews, site visits available
About MyStaff app
The MyStaff app from digital transformation company Diligram is time-saving tech that offers a mobile-first digital corporate governance solution for healthcare providers.
Web: mystaffapp.io
About Mid and South Essex NHS Foundation Trust
MSE is one of the largest Trusts in the country, serving around 1.2million people. Our values are about delivering excellent, compassionate and respectful care.
Web: mse.nhs.uk
Photo – https://mma.prnewswire.com/media/2558941/MSE_CEO_Matthew_Hopkins_MyStaff_app.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/healthcare-leaders-gather-at-house-of-commons-to-discuss-productivity-boosting-tech-with-mystaff-app-302307051.html
BEIJING, Nov. 15, 2024 /PRNewswire/ — On November 14, 2024, ThunderSoft (Stock Code: 300496), a world leading OS and intelligent device products and technology provider, and HERE Technologies, the leading location data and technology platform, announced a strategic partnership to enhance collaboration in intelligent navigation and high-definition maps. The collaboration aims to support the efficient development of navigation systems, contributing to a more connected and intelligent mobility ecosystem.
The agreement will see both companies maximize their technical strengths and platform resources for comprehensive, multifaceted cooperation. ThunderSoft’s Aqua Drive OS will integrate HERE location data and services, including HERE SDK, HD Map and autonomous driving solutions. These AI-powered elements, create a foundation for developers worldwide to build intelligent system platforms. Additionally, the partnership will deliver tailored intelligent navigation solutions for international markets, addressing the diverse requirements of automotive manufacturers and consumers.
The companies will also collaborate to develop immersive and interactive 3D high-definition mapping solutions by combining HERE’s map data with ThunderSoft’s Kanzi Map engine, establishing a new benchmark in intelligent driving and navigation.
Deon Newman, Senior Vice President and General Manager of HERE Technologies said, “This strategic partnership with ThunderSoft represents a transformative step in delivering on the potential of AI and software-defined vehicles. By uniting our best-in-class location technology with ThunderSoft’s advanced system capabilities, we will together deliver greater insight and intelligence to every journey, empowering our clients to create richer, more personalized experiences for their customers worldwide.”
Hengshang Chang, Executive President and President of SmartVehicle Business Group of ThunderSoft, highlighted the strategic importance of the collaboration, “Our collaboration with HERE holds immense significance. By integrating HERE’s map data and location platform capabilities with ThunderSoft’s pioneering vehicle OS technology, we aim to develop more competitive, globally-oriented intelligent navigation systems for the automotive industry, enabling automakers to achieve accelerated growth.”
About HERE Technologies
HERE has been a pioneer in mapping and location technology for almost 40 years. Today, HERE’s location platform is recognized as the most complete in the industry, powering location-based products, services and custom maps for organizations and enterprises across the globe. Find out how HERE is moving the world forward at here.com.
About ThunderSoft
ThunderSoft, a well-known intelligent operating system products and technologies provider, has been continuously accumulating and innovating in the operating system field, with its business expanding gradually from smart phone to smart vehicle, AIOT and smart industries. Website: https://en.thundersoft.com
View original content:https://www.prnewswire.co.uk/news-releases/thundersoft-partners-with-here-technologies-to-enhance-intelligent-navigation-solutions-302307004.html
-
Fintech4 days agoFintech Pulse: Industry Innovations and Partnerships Drive Global Fintech Forward
-
Fintech3 days agoFintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation
-
Fintech PR7 days agoManulife Investment Management aligns capabilities across regions under the newly created role of Global Emerging Market Equities CIO
-
Fintech PR7 days agoPalm Jebel Ali Project Surges Ahead in 2024: Milestones Achieved in Record Time for Dubai’s Most Anticipated Development
-
Fintech PR6 days agoStatement From Universal Music Group N.V.
-
Fintech PR2 days agoCayman Enterprise City Receives Two Prestigious Awards from the Financial Times’ fDi Intelligence Global Free Zones of the Year 2024
-
Fintech PR1 day agoEY announces alliance with Regnology to drive modernization of regulatory and tax reporting with both a local and global focus
-
Fintech PR1 day agoBlockchain for Good Alliance Hosts Web3 Oscar, Celebrating Innovators Advancing UN’s Sustainable Development Goals