Total volume of Lease expiries in Bangalore is expected to cross 9 msf in 2017. Witnessing quarterly increase since beginning of year, total area of lease expiries in Q4 2017 is expected to be above 3 msf. The 200+ leases expiring in 2017 have average monthly rent of INR 57/sf/month and add upto nearly 56 crores… Read More »
Godrej Properties has invested Rs 280 crore across two deals in Bangalore and Thane so far from its $275 million residential real estate platform formed in association with Dutch pension fund APG Asset Management. The platform named Godrej Residential Investment Program II made its first investment by acquiring 80% of the equity share capital in… Read More »
Honda Motor spent an estimated 1,000 crore to acquire 380 acres in Gujarat to set up a manufacturing unit, as the Japanese automaker bets on the long-term potential of the Indian market despite its factories now producing fewer cars than what they are designed for. The new site is at Vithalapur, about 80 km north-west… Read More »
Total no. of transactions decreased Y-o-Y in 2016. However, no. of 10,000+ sf transactions increased. This led to in 24% increase in total absorption Y-o-Y; majorly contributed by 10,000 + sf deals in 2016. *Grade A data only
ONE Co.Work, the end-to-end co-working space provider entered in Gurgaon market with the launch of co-working office. The foray into the Millennium City is a part of company’s countrywide expansion plans and is aimed at increasing its brand visibility and service penetration in the region. ONE Co.Work spokesperson Himanshu Bindal said, “The launch of our… Read More »
Ultra-luxury retail business in new-age India will be founded on old money. North America’s oldest commercial firm is partnering Aditya Birla Group, whose origins date back to 1857, to start Saks Fifth Avenue outlets in a country that once boasted of the poshest store east of the Suez. Hudson’s Bay Co.-owned Saks, which competes with… Read More »
India’s largest realty firm DLF Ltd will invest about Rs 3,500 crore this year to complete construction of almost all of its existing housing projects, a senior company official said. DLF has 18.5 million square feet area under construction in various housing projects, and it is targeting to complete about 15-16 million sq ft by… Read More »
Osmansagar and Himayatsagar, the two lakes that have quenched the city’s thirst for decades, are set to lose their status as drinking water reservoirs for Hyderabad. The move to de-notify the two lakes as the city’s drinking water sources, it is reliably learnt, is to facilitate scrapping provisions of government order (GO) 111 that prevents… Read More »
Private equity investments in the real estate sector increased by 26 percent during 2016 and touched a nine-year high of nearly Rs 40,000 crore, according to property consultant Cushman & Wakefield. Mumbai saw the highest share of inflow at 32 percent of the total private equity investments in real estate (PERE). “PERE inflows in 2016… Read More »
In one of the largest real estate transactions in Bengaluru, SAP Labs India is in the process of renting a 5,00,000 sq ft of office space in the city to consolidate and expand its business in India. “SAP Labs is looking for various growth corridors in Bengaluru. They are yet to take a decision on… Read More »
