Realty firm Godrej Properties Ltd expects to monetise commercial properties worth about Rs 1,500 crore at Mumbai, Kolkata and Chandigarh over the next six months and reduce net debt, which now stands at Rs 3,278 crore. In September 2015, Godrej Properties had sold 4.35 lakh sq ft of office space at Bandra-Kurla Complex (BKC) in Mumbai… Read More »
2016 was year of many big announcements. From the Smart Cities mission to demonetization, there were several headline-making events that would change the face of Indian real estate in the times to come. Chennai embraced these changes and lived up to its reputation of being a city that bounces back, regardless of the odds. Chennai… Read More »
The real estate sector in India has been lucrative for savvy investors over the last decade, but it has not been without accompanying uncertainties. The introduction of REITs (Real Estate Investment Trusts) will open up a platform that will allow all kinds of investors – even those with smaller budgets – to make safe and… Read More »
Bangalore has emerged as the most dynamic city in the fourth annual City Momentum Index of cities around the world, followed by Ho Chi Minh City of Vietnam and Silicon Valley in the U.S. Hyderabad also makes it to the Top 10, ahead of London, and Chennai and Pune to the Top 20, but environmental factors… Read More »
Commercial real estate activity across top cities in the country could be muted in the first half of 2017 after seeing a mixed trend in the year gone by, according to a property consultant. According to the report, while Bengaluru, Hyderabad and Mumbai saw double-digit growth in office take up in 2016, net absorption in… Read More »
Ascendas India Trust (a-iTrust) posted strong third-quarter results due to more income from a recently acquired information technology (IT) park and a new office building. Distribution per unit (DPU) for the quarter rose 5 per cent to 1.42 Singapore cents. Net property income for the three months that ended Dec 31 grew by 7 per cent,… Read More »
The Gujarat International Finance Tech (GIFT) City on Tuesday moved yet another step closer to its goal of becoming a comprehensive international services centre with the inauguration of India’s largest commodity player, MCX’s new office. It is, however, becoming increasingly evident that a slew of regulations need to be put in place before India’s first… Read More »
While 2016 was a good year for Hyderabad’s commercial leasing sector, with offices furiously picking up a whopping 6 million square feet along the city’s IT belt, this year will be no different, says the latest report published by CIRIL, a country-wide real estate network. According to the report, Hyderabad stands ahead of cities like… Read More »
Softbank unveiled its plans of investing $100 billion in tech companies along with the Saudi Arabian sovereign wealth fund known as ‘The Vision Fund’, just a few months back. With regards to the same, SoftBank Group Corp is now mulling over investing a massive sum of $1 billion in a co-working space provider, WeWork. Though… Read More »
Of the total uptake of office space in 2016, nearly 40% of the total net absorption took place in the last quarter of 2016, according to a international property consultant. Bengaluru recorded the highest net absorption during the year. The city’s net absorption rose 28% to 12.7 msf during 2016. The new high in 2016… Read More »
