With a thriving start-up ecosystem aided by the Modi Government’s efforts to create an enabling environment for entrepreneurs across the country, demand for co-working spaces has been rising in recent times. Among the main drivers of this phenomenon are the increasing number of freelance professionals and consultants in today’s globalised workforce. Also, co-working business centres… Read More »
The city continues to witness lowest office vacancy, pan-India as compared to major cities in the country. The IT capital of India has 4% vacancy across office space in the city, said JLL India. “From these figures, it is clear that IT hubs continue to see a good supply-demand equilibrium compared to other markets in… Read More »
The Chandigarh Housing Board (CHB) on Wednesday started e-auction of commercial properties. The board has put as many as 127 commercial properties under hammer. These properties comprise booths, convenience shops, and restaurant and bay shops in Manimajra, Sector 38 (West), sectors 40, 51 and 61. Read more: The Economic Times
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 »
