The state government has ordered cancellation of all land transactions that took place during the past two years after approval by various districts collectors. Sources said a key reform announced in 2015 and meant to benefit farmers was misinterpreted by the collectors who used it to favour builders, industrialists and various co-operative societies. In 2015,… Read More »
3000 Crores (~ $ 0.5 Bn) Annual Rents Expiring Across India in 2017. Approximately 30 msf space of nearly 1600 deals contributing more than 255 crores to monthly rental revenues to expire in 2017. Top 3 CRE Markets -Bangalore, Gurgaon and Mumbai together contribute approximately 73% to the volume of lease expiries in 2017. Bangalore… Read More »
Pune is emerging as a key destination for real estate investment and development. Strong leasing of commercial real estate is expected to revive Pune’s residential market, says CBRE. Anshuman Magazine, Chairman – India and South East Asia for CBRE, said, “The strong leasing activity in Pune’s office segment, coupled with current and planned infrastructure development… Read More »
In a rare sale deal in South Mumbai’s prime business district of Nariman Point, The Indian Express media group has bought 15,645 sq ft of space in the Mafatlal Centre building for Rs 34 crore or Rs 21,732 a sq ft from Japanese company Mitsui & Co, according to registered documents. The deal includes four… Read More »
Property buyers will have a forum to redress their grievance with the state government today announcing the formation of a regulatory authority and an appellate tribunal to regulate the real estate sector under the Real Estate (Regulation and Development) Act, 2016. Urban development minister Pushpendra Singh Deo told the Assembly today that in keeping with… Read More »
The Canada Pension Plan Investment Board (CPPIB) and other investors have held talks with Bengaluru-based property developer RMZ Corp to jointly invest in the greenfield developments and acquisition of commercial projects, said a source. The Canadian pension fund manager already has two separate joint ventures with the Shapoorji Pallonji Group for investing in rental yield… Read More »
Flipkart has substantially scaled down its need for a huge office space in Bengaluru, which it leased almost two years back, as e-commerce companies in the country struggle to find new avenues of growth and raise fresh funds amid sharp cuts in their valuations. India’s biggest e-commerce company is now looking to lease just 0.83… Read More »
Demand for warehousing space continued to remain strong during the year 2016 with over 10 million sq ft space leased across leading cities of India. The engineering, manufacturing and e-Commerce companies leased 22% of the total space transacted during the year, while third-party logistics companies share stood at 21% and FMCG players at 17%, showed… Read More »
Bahrain-based MNC Al Namal Group is entering the co-living homes sector in India through an ‘operating agreement’ with Square Plums, an upcoming brand of co-living homes based in Bengaluru. Co-living homes are fully furnished, ready-to-move-in homes based in gated communities available on rent for youngsters relocating to cities for job placement. As part of the… Read More »
ArthVeda Fund Management, part of financial services conglomerate Wadhawan Global Capital, is planning to raise $1 billion to invest in affordable housing projects across the country, said a top company official. The asset management company recently received $250 million commitment from Qatar Holding, part of Qatar sovereign fund, for its affordable, low and middle income… Read More »
