Work on a Dubai-owned IT park in Kerala in south India is ploughing ahead, despite the severe uncertainty and challenges that India’s IT sector is facing, according to a top executive behind the project. Development of the next phase of SmartCity Kochi, one year after its opening, is under way, with new offices due to… Read More »
The Real Estate Regulatory Authority (RERA) will start functioning in Madhya Pradesh from May and property buyers can approach the authority to get their grievances addressed. RERA has been constituted in state and a final shape is being given before it starts taking up the grievances. Under the RERA, details of entire commercial and residential… Read More »
The Indian real estate sector has been lucrative for savvy investors over the last decade, but it has not been without accompanying uncertainties. The introduction of real estate investment trusts (REITs), will provide a platform that will allow all kinds of investors (even those with smaller budgets) to make safe and rewarding investments in the… Read More »
At an expected Rs 11,000-12,000 crore it is pipped to be India’s largest real estate deal, but ET Now learns that the promoters of DLF are dissatisfied by the bids received from Blackstone and GIC for a 40% stake in DLF’s rental business arm. Sources say the prospective buyers Blackstone and GIC are modifying their… Read More »
A major part of 2016 passed with an anticipation of an impending upswing in Indian real estate. In the first half, legislative processes in the parliament kept the movement limited, and then, a near grinding halt was witnessed in the last quarter, with the ‘demonetisation’ event. Only for a few weeks, during the festive season,… Read More »
Rising rentals in most Indian cities are making big auto companies tweak their real estate strategy and start investing in own properties — be it for the company headquarters, sales offices, or even dealerships. The country’s largest car maker Maruti Suzuki has already set up a real estate subsidiary that is looking to acquire land… Read More »
Corporates are moving towards promoting interactive and collaborative work culture, reducing the share of cubicles or individual work spaces to just about 5% today, from as high as 25% a decade ago, according to an international property consultancy. Consequently, ‘open plan seating’ in offices, which was merely about 25% of the floor plan earlier, has… Read More »
With a ready supply of skilled manpower and low rentals, Kochi is emerging as a preferred option for corporates, developers and investors looking to expand into tier 2 markets in the country, observes CBRE, an American real estate agency. According to Ram Chandnani, MD-Advisory & Transaction Serves, India, CBRE South Asia, the overall absorption of… Read More »
After building a sizeable residential portfolio, India’s largest realty firm in terms of sales, Lodha Developers Pvt. Ltd, is looking at commercial real estate for its next level of growth. The firm is planning to build around 9 million sq. ft of office space, 1 million sq. ft of retail space and a warehousing and… Read More »
Strengthening business confidences resulted in net absorption of office space across the top eight cities to 34 million square feet (msf) during 2016, according to an international property consultant Cushman & Wakefield. Of the total uptake of office space, nearly 40% of the total net absorption took place in the last quarter of 2016. Bengaluru… Read More »
