Ireland looks to pubs, derelict buildings to boost remote working outside cities, Real Estate News, ET RealEstate

DUBLIN: Ireland will turn vacant buildings in rural towns into remote working hubs and examine whether pubs could be used as workspaces during quiet afternoons in a bid to encourage more people to live outside big cities. Describing the pandemic-driven move towards remote working as a potential “game-changer” for struggling towns and villages, the government […]

British banks slash office space, tell staff to ‘work anywhere’, Real Estate News, ET RealEstate

LONDON: Britain‘s Nationwide Building Society and Santander UK have become the latest banks to take an axe to their office space, cementing remote working arrangements put in place during the Covid-19 crisis. Nationwide has told all its 13,000 office-based staff to work from anywhere in the country. The lender said on Thursday it will not […]

Microsoft planning to let employees back into office with hybrid workplace, Real Estate News, ET RealEstate

By Lauren Hirsch Microsoft has joined other corporate giants in assessing the best way to bring workers back to the office, a year after the pandemic sent home employees, who had to learn how to be productive on video conference calls while juggling interruptions from families, pets and the doorbell. The tech giant announced Monday […]

Builders consider layout changes of under-construction flats to meet new demands, Real Estate News, ET RealEstate

NEW DELHI: Real estate developers are making or considering changes to layouts of under-construction flats in multiple projects, to meet new customer requirements amid the trend towards work from home. Developers are even doing office-like fit outs to accommodate client requests. For example, Krisumi Corp has come up with a two-bedroom plus work combination of […]

Office rental yields, occupancies remain strong in India despite pandemic, Real Estate News, ET RealEstate

BENGALURU | MUMBAI: The impact of Covid-19 pandemic-led changes in workplace usage patterns may have created a lot of buzz, but have not hit the rental yields as data from developers with significant portfolios of office leasing assets indicates that collection efficiency for billings in 2020 was more than 95%. Despite the widespread experiment of […]

Mumbai looks to work from bigger, cheaper homes, Real Estate News, ET RealEstate

MUMBAI: Home buyers in Mumbai are dreaming big. Affordability and the ongoing pandemic-induced need for bigger homes is pushing the average ticket size of property deals in the country’s commercial capital up by 50-100%. Average ticket sizes have grown to Rs 1.5-2 crore in the city up from around Rs 1 crore before the pandemic, […]

Work-from-home invites commercial property tax!, Real Estate News, ET RealEstate

AHMEDABAD: At a time when a large number of offices has switched to work from home (WFH) mode to tide over the Covid-19 pandemic, it has proved costly for a local ceramic trader. The Ahmedabad Municipal Corporation has imposed commercial property tax on the trader for ‘commercial use’ of his residence after the officers found […]

High home loan demand triggers interest rate war, Real Estate News, ET RealEstate

̥MUMBAI: A surge in demand for home loans in October has triggered a rate war. Kotak Bank is now offering home loans at 6.75% — the second reduction in less than a month. A host of banks are offering loans at 6.8% to 7%, resulting in the spread between these and government bonds narrowing down […]

Deloitte to shut four UK offices, to retain all staff on work-from-home contracts, Real Estate News, ET RealEstate

BENGALURU: Global accounting and consulting firm Deloitte will close four of its 50 British offices as it reviews its real estate portfolio in the coronavirus pandemic, but will retain the staff on work-from-home contracts, it said on Saturday. COVID-19 has changed working life for millions of people around the world, many of whom have switched […]

India office property market shows resilience, Q3 absorption up 64% on-quarter, Real Estate News, ET RealEstate

MUMBAI: Indian office property market has shown resilience as indicated by the rising net office take up despite the impact of Covid-19 on the business environment and the emerging challenge of the Work-from-Home model. Office property markets across the country have witnessed a net absorption of 5.4 million sq ft in the quarter ending September, […]

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