Category Archives: City

Large corporates increasingly opting for coworking spaces on rising rentals, office space shortage

Large information technology, banking, financial services and insurance companies are increasingly opting for coworking spaces to cope with rising rentals and shortage of ready-to-move grade A offices in prime property markets across the country. While the likes of Boeing, Visteon, BNP Paribas, Kimberley Clark, and Redcore (Accenture’s sister company) have moved some of their operations… Read More »

Chinese land devpt firm submits JV proposal for Rs 17,000-crore industrial township at Sohna

China Fortune Land Development (CFLD) has submitted a proposal to the Haryana government for joint development of an industrial township at Sohna entailing investment of around Rs 17,000 crore. The Chinese company submitted proposal to Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) for joint development of Integrated Industrial Model Township (IMT), Sohna, to make… Read More »

Swedish firm IKEA seeks 25 acres in Greater Noida

IKEA Group, the leading Swedish home furnishings company, is scouting for land in Greater Noida to set up its first showroom in north India. Representatives of the company met Deepak Agarwal, CEO, Greater Noida Industrial Development Authority (GNIDA), on Friday and expressed interest in setting up the facility on nearly 25 acres of land in… Read More »

Piramal Fund Management aims Rs 10,000 crore lease rental discount deals by FY18

Taking its diversification strategy further, Piramal Group’s financial services arm Piramal Fund Management has expanded its portfolio to offer flexi lease rental discounting (LRD). Through these transactions, the fund will discount future cash flows of completed and leased commercial assets including office blocks and retail malls, said a top company official. The fund has already… Read More »

Gleeds lands two Indian deals

Gleeds has won two major contracts in India, with a total build area of ten million square feet. It will be acting as cost manager for the construction of Brigade Brookefields – a commercial project in Bangalore – and the Surat Diamond Bourse scheme in Surat in the Gujarat region. The projects will be managed… Read More »

WeWork’s Latest Deal Brings a Lot More Co-Working Space to China

The company will open three locations next year in partnership with a Chinese real estate firm. WeWork, the office co-working space provider, is expanding its footprint in China. On Thursday, the company announced a new partnership with Sino-Ocean Group, a major real estate company based in Beijing. As part of the deal, the companies plan to… Read More »

Mumbai to Get the Quirkiest Coworking Space with MumbaiCoworking Launch in Andheri West

Due to a phenomenal rise in the Indian startup ecosystem and the new entrepreneurial mindset of the youth, the demands for coworking spaces in Mumbai have gone sky-high. To meet this demand, Mumbai-based entrepreneur Waqar Azmi has recently launched MumbaiCoworking to fulfill the workspace needs of startups and SMEs. MumbaiCoworking is based in Andheri West,… Read More »

Affordable Rental Office Space in Top 10 Startup cities across India

According to the IT industry watchdog Nasscom, India ranks third “among global startup ecosystems with more than 4,200 new-age companies” and the startup revolution is only becoming bigger and better over the years. Where a startup sets up shop is very important and the most important factor to consider here is “location, location and location”.… Read More »

DBS set to lease 1 lakh sq ft of office space in Nariman Point

In the largest ever transaction in Nariman Point’s history, Singapore’s multinational bank DBS Bank is set to pick up 1 lakh sq ft of prime office space spread over total five floors in Blackstone Group’s commercial property, Express Towers, said two persons familiar with the development. Nariman Point has not recorded a single deal of this… Read More »

UK commercial property values halt post Brexit declines

UK commercial property values inched ahead in October, a closely-watched index showed on Monday, breaking a downward trend since Britain voted to leave the European Union in June. Overall property values for UK commercial assets rose 0.07 percent in October, following gradually decreasing declines between July and September, the IPD real estate index, compiled by MSCI,… Read More »