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 »
The November 8 announcement of the government to demonetise high value currency notes of Rs 500 and Rs 1000 has dampened sentiments of the real estate sector across India, which until now had been comparably more upbeat than most markets in Asia. Both the Occupier Sentiment Index (OSI – an index that shows supply, demand… Read More »
Pre-leased Commercial Real Estate (CRE) has been increasingly becoming one of the attractive investment opportunities in India over the last 12-18 months. Large private equity funds both foreign and domestic, sovereign wealth funds, family offices, UHNIs have been very actively investing in this asset class. Especially in an era post the demonetization drive, where the… Read More »
Steady rentals, high absorption levels and limited supply, have contributed to the commercial real estate market in India witnessing an improved sentiment. This segment has witnessed a surge, relative to other real estate asset classes, on account of the growth in the IT/ITeS, BFSI and consulting sectors and the growth of high-potential start-ups. There has… Read More »
Reliance AIF Asset Management Co. Ltd is raising a Rs 1,000 crore rental yield fund, its first initiative to buy and own office projects. Besides Reliance AIF’s fund, two more such office investment funds are expected to launched this year. Reliance AIF, a unit of Reliance Nippon Life Asset Management Ltd, launched the fund in… Read More »
There is strong demand in the Australian cities of Melbourne and Sydney, as well as in Bangalore in India and Bangkok, especially in their central business districts (CBDs). Other cities such as Ho Chi Minh City, Manila and Hong Kong continue to hold steady in terms of rental outlook, the survey found. Among the top sectors fuelling… Read More »
Blackstone Group is readying a new Asia-focused real estate fund that aims to raise a record $5 billion or more, betting on strong returns from property investments in the region, people familiar with the plans told Reuters. The world’s biggest alternative asset manager will likely launch the fund in the next 12-16 months, the people… Read More »
Private equity major Carlyle Group-backed mortgage lender PNB Housing Finance has entered into an agreement to invest over Rs 300 crore in realty developer Parinee Group’s commercial project, said two persons familiar with the development. The total funding, to meet project expenses, will be provided in stages and the tenure of the facility is four… Read More »
