L &T Realty Ltd, the real estate unit of India’s largest engineering company Larsen and Toubro, has secured approval to develop a special economic zone (SEZ) in north Bengaluru, though its focus will be on projects in west India, said a company official. The Mumbai-based firm plans to develop around 3 million sq. ft of… 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 »
Pune’s office property supply crunch is likely to ease by 2019 as the city is expected to see supply of around 11 million sq ft until 2019-end, out of which 80% is likely to hit the market in 2018 and 2019, said property consultant JLL India. “Against the mentioned supply, the city is expected to… Read More »
Barclays Plc, Credit Suisse Group AG, Standard Chartered Plc and Citigroup Inc. are among global financial firms looking to add office space in India even as they trim their retail operations worldwide, two people aware of the matter said. Much of this space will be used to house the banks’ captive technology businesses in cities… Read More »
Pune’s commercial real estate market has recorded an optimistic start to the year 2017 with rising number of transactions. Pune has witnessed 23% year-on-year growth in leasing volume during the months of January and February, said commercial realty data information and analytic firm Propstack. Pune has also recorded 26% year-on-year rise in number of lease… Read More »
In one of the biggest front office transactions so far this year, consumer durable major Samsung India Electronics has leased 1.10 lakh sq ft office space in Oberoi Realty’s commercial complex Commerz II in Goregaon suburb of Mumbai, said two persons familiar with the development. The company will be paying rentals of Rs 145 per… Read More »
Pune recorded increase in leasing and no. of deals in Jan-Feb’17 compared to Jan-Feb’16. Higher number of deals in suburban locations and increase in rates for furnished spaces drove average transacted rentals upwards. Vacancy levels declined during the same period.
Large property investors are scrambling to buy commercial towers where tenants have moved in, driving up the capital value of these buildings. However, with rentals failing to catch up, returns from these investments have fallen, real estate brokers and advisors said. Stiff competition among sovereign wealth funds and large private equity funds for scarce assets… Read More »
Housing department officials have said that Maharashtra will follow the Centre’s Real Estate (Regulation and Development) Act, 2016, and is planning to publish the final rules this month so that the legislation can be implemented from May 1. The officials said the file for publishing the rules is in the final stages of approval. “There… Read More »
