The Peripheral Business Districts (PBDs) have always been a choice for companies looking for large affordable spaces. Central Business District (CBD) locations – which have been the hub of business activity have mostly been touted as the costliest locations for commercial leasing. We tried to compare the rental difference between CBD and PBD micromarkets for… Read More »
Nine micromarkets across top 7 Indian cities recorded leasing activity more than 0.5 msf in the first quarter this year. OMR-I and OMR -II micromarkets in Chennai together contributed to more than 2 msf absorption in a single quarter. Apart from Chennai, both Mumbai and Pune had two micromarkets driving the demand higher than half… Read More »
In Q1 2017, all major southern cities of India – Bangalore, Hyderabad and Chennai, along with Pune had low vacancies. So, all these CRE markets were mostly Landlord Favourable. Noida and Gurgaon were more Occupier Favourable due to high vacancies and more options available to occupiers. Mumbai maintained neutral stance during the quarter with median vacancy… Read More »
The realty-focused investment unit of global private equity firm KKR & Co. LP invested about Rs1,000 crore in three real estate projects last month, two people aware of the investment said. KKR India Asset Finance Pvt. Ltd invested about Rs500 crore in a township project of Bhartiya City Developers Pvt. Ltd in Bengaluru, Rs200 crore… Read More »
Global construction company Leighton has bagged a Rs 500 crore contract to develop realty firm Vipul Ltd’s luxury housing project in Gurugram. Vipul Ltd is developing 370 units, comprising 1 million sq ft of built up area, in the first phase of this 20-acre project. “We have awarded a Rs 500 crore contract to Leighton… Read More »
Gurgaon-based TOP Technologies, the parent firm of coworking platform The Office Pass, has raised $245,000 (Rs 1.5 crore) in a seed funding round led by Arun Tadanki, former managing director of Yahoo India & Southeast Asia. The funds will be deployed in enhancing the platform and hiring technology and product talent. “We aspire to connect… Read More »
Spaces, an Amsterdam-born co-working space provider, has launched its first shared-space in Cyber City, Gurgaon. Spaces along with five other brands i.e. Regus, Signature, Open Offices, Kora and MOS are the subsidiary of IWG, a global workplace provider headquartered in Brussels. The 30,000 sq ft of co-working space in Gurgaon has 430 seats capacity. The… Read More »
Apple has taken up additional space in Gurgaon, a few floors above its existing office which CEO Tim Cook visited last year, during his maiden trip to India. According to people aware of the development, Apple has taken space to seat a number of new executives that it plans to hire over the next few… Read More »
Beleaguered online marketplace Snapdeal is in the process of vacating over 60% of its office space in Gurgaon as it moves into a single tower in line with its shrinking operations. The development comes at a time when the e-commerce company is on the path to a… Read More »
Warehousing giant Embassy Industrial Parks on Thursday announced the construction of a grade ‘A’ quality industrial and warehousing facility in its newly acquired property in Gurugram, Haryana. The 24 acres of land purchased by Embassy Industrial Parks is strategically located on NH-8 near Bilaspur Chowk. It is a major development after a 1,910 crore worth… Read More »
