It’s becoming hard to differentiate between an office and a café. Mumbai’s co-working spaces are a mix of work and play, with conference rooms, printers and wi-fi, but also the sweet aroma of coffee in the air, and areas for napping, showering and even indoor sports. As these co-working spaces draw a steady mix of… Read More »
The start-up ecosystem in the country, which for long depended solely on angel investors and venture capitalists, has today been buoyed by a slew of initiatives, like the central government’s Startup India. Along with funding and ease of doing business, a critical factor in creating an enabling environment for entrepreneurial ventures, is an office that… Read More »
Registry and financial services provider Link Intime India has picked up nearly 60,000 sq ft office space in commercial complex 247 Park — now owned by Blackstone Group — in the Vikhroli suburb of Mumbai on lease, said two persons familiar with the development. The total lease tenure is nine years with a clause of rental… Read More »
Ecommerce major Snapdeal is rationalizing its offices and is moving into co-working hubs instead of operating from leased offices in an effort to trim costs. The company has vacated its office with 200-seat capacity in Mumbai’s Malad suburb and picked up a 90-seat office in a co-working hub in Andheri, said three persons familiar with… Read More »
Swiss bank UBS has entered into an agreement to pick up 4 lakh sq ft of office space on lease at realty developer K Raheja Corp’s IT Special Economic Zone Gigaplex at Airoli in Navi Mumbai in one of the largest occupier lease transactions, three persons familiar with the development said. The Zurich-headquartered, NYSE-listed multinational… Read More »
The city’s office space occupiers will face upward revisions in rents in the coming years, said a report. “Compared to Q2 2015 when Mumbai’s rental values had bottomed out, the city will now start to see acceleration in its rental value growth from Q2 2016,” it said. The research tracks rents (in local currency) for prime Grade-A… Read More »
Singapore’s DBS Bank Ltd is close to leasing nearly 100,000 sq. ft at Express Towers, a 25-storeyed building in Mumbai’s Nariman Point, in one of the biggest office space deals in the business district since the 2008 global financial crisis that prompted many corporates to leave the locality. The bank is close to signing the lease… Read More »
Mumbai is expected to add around 16 million sq ft of fresh office space by the end of 2017. The current office stock in the city is at 106 million sq ft and is likely to add 8% of this stock, or almost 8.5 million sq ft, through this year. The commercial capital of the… Read More »
We are delighted to announce that Propstack has been chosen to represent Asia Pacific in the MIPIM Proptech summit at New York in Oct 2016. Reed MIDEM and MetaProp NYC have partnered to present the MIPIM PROPTECH SUMMIT, the premier real estate technology event in North America. This summit will convene the leading real estate… Read More »
A consortium of US-based investors that developed First International Finance Center (FIFC), a landmark commercial building in Mumbai’s financial district, Bandra Kurla Complex (BKC), plans to sell its stake in the property for around Rs. 1,500 crore, said two people aware of the development. Around 300,000 sq. ft of the total 657,000 sq. ft office complex… Read More »
