If demand for office spaces for both consolidation and expansion of businesses is seeing consistent growth over the last few quarters, could a pickup in home sales be far behind? Office leasing saw a record level of 36 million sq ft in 2015 and leasing activity has remained strong in 2016 so far. While earlier we… Read More »
The introduction of India’s new accounting standards Ind-AS to REITs or InvITs or their underlying special purpose vehicles, sponsors or asset management companies could have quite a significant impact on their financial statements, says a new report. Ind-AS is likely to change how sponsors and asset managers assess REITs or InvITs for consolidation as well as… Read More »
The country may soon get its very first Infrastructure Investment Trusts (InvITs), with the markets regulator Sebi approving two of the four applications received by it for setting up such entities. “We have received four applications for registration in InvITs so far. We have already cleared two of them,” Sebi chairman U K Sinha said here… Read More »
Top Indian cities have seen a significant rise in large office space transactions with companies across sectors expanding and consolidation operations, kindling hopes of a revival in an otherwise lacklustre real estate industry. India’s top six property markets reported 236 transactions for large office spaces — of at least 25,000 square feet and up to… Read More »
There may be valid political and sociological reasons for increasing the Floor Area Ratio (FAR) in HUDA’s colonies in Haryana’s new emerging towns, but only a blind leap of faith can justify the conclusion that this move will help pull the property market out of recession. Logic indicates otherwise. FAR is the ratio of a building’s… Read More »
The new airport at Kishangarh, which is being developed to cater to the historical city of Ajmer, is likely to be operationalised by July next year for which airlines have evinced interest to operate flights from Mumbai and Delhi. Located in the biggest marble market of Kishangarh, the airport building’s construction work is most likely… Read More »
The Indore Development Authority (IDA) is planning to take possession of land near Navlakha bus stand from the Indore Municipal Corporation (IMC) in order to raise funds for its projects by leasing it out. The land near Navlakha bus stand was cleared from encroachments last year by the civic body. The IDA board members had asked… Read More »
Real Estate Investment Trust Funds (REIT) in retail sector would be savior for all the investments locked in those high costs assets, according to a cross section of stakeholders at the India Shopping Centre Forum 2016. Shopping malls, which have not gone on stream and for those which are operational but not milking attractive rental yields… Read More »
A parliamentary committee has found that out of 47 vacant land sites selected by Rail Land Development Authority (RLDA), not a single site has been commercially developed as yet. Railway Convention Committee in its latest report observed that so far 60 sites measuring about 590 hectares of land have been identified and entrusted to RLDA for… Read More »
Prestige Estates Projects Ltd, India’s third largest real estate developer by market capitalisation after DLF Ltd and Oberoi Realty, is in the process of consolidating its office business as a precursor to fundraising by bringing in an investor or going the real estate investment trust or REIT route. “We are in the process of doing segment… Read More »
