Indian cities of Bengaluru, Chennai, Hyderabad and Pune are likely to outstrip other cities in the Asia-Pacific region (APAC) in investments in office assets, predicts global property consultant Cushman & Wakefield. The agency said, while the real estate investment volumes in Asia Pacific are expected to hit $611 billion in 2017, India is projected to… Read More »
Piramal Finance Pvt. Ltd, which houses the entire financial services business of the Piramal Group, has lent Rs450 crore to a joint venture between Bengaluru-based developer Embassy Group and Hyderabad’s Phoenix Group, which is developing three special economic zones (SEZs) in Hyderabad, company executives said. The money has been given in the form of construction… Read More »
Lets re-look at our past ten infographic highlights for the Indian CRE Market. Bangalore to witness more than 9 msf of lease expiries in 2017 Demonetization impacts Mumbai office sales negatively 10,000+ sf deals dominate Gurgaon absorption in 2016 3,000 Crores (~ $ 0.5 Bn) annual rents expiring across India in 2017 2.6 msf lease… Read More »
Hyderabad witnessed strong office leasing during 2016, registering a 109 per cent year-on-year growth during the year, according to real estate consultancy CBRE South Asia. During the January to March 2017 quarter, the city witnessed the uptake of more than 1.3 mllion sq ft. Affordability This growth in office leasing activity, coupled with robust infrastructure… Read More »
The pan-India office space vacancy in 2016 at 15 per cent was the lowest in eight years. The sharpest decline in pan-India office vacancy was seen between 2013 and 2016 when it went down from 18.5 per cent to 15 per cent. “On the back of positive office space demand from sectors such as manufacturing,… Read More »
The Salarpuria Sattva Group has bought 10 acres of premium land in Hitec City in Hyderabad from BPTP, a Gurgaon-based builder for an undisclosed amount, a person with direct knowledge of the deal told ET. “The deal was closed last week and Salarpuria plans to build 4 million sq ft office space,” the source said.… Read More »
Information Technology (IT) sector continued to dominate the leasing activity in India in 2016. Together, IT and BFSI contributed to nearly 69% of the leasing volume last year. Bangalore dominated the city-wise contribution to IT sector leasing with 36.7% share, followed by Pune. *2016 Grade A lease data only
Non-banking finance company Altico Capital today said it will provide a credit line of upto Rs 300 crore to realty player Phoenix Group. “The funding, which shall be made in tranches is proposed to be used by Phoenix largely towards refinancing of some existing lenders and for construction funding across two of its projects in… Read More »
Telangana’s largest industrial house My Home Group has teamed up with office space specialists RMZ group to build a 10 million sq ft property in Hyderabad. The more than ` . 6,550-crore ($1 billion) office-space project, touted as the country’s largest, is coming up on a 10-acre piece of land in Hyderabad’s upmarket Hitec City… Read More »
PropUrban, the Global Real Estate Investment Advisory, Transaction & Consulting (O2O – Online to Offline platform) is expanding its reach globally and in India. The firms has opened office in London, Dubai, Chennai and Hyderabad today. Headquartered in Bangalore, this milestone marks an important step for PropUrban in enhancing engagement and responsiveness to support the… Read More »
