Indian real estate is likely to provide investment opportunity worth up to $77 billion through Real Estate Investment Trust (REIT) – eligible commercial – office and retail, properties across the country’s top seven cities by 2020. Across these cities, including Mumbai, Delhi-NCR, Bengaluru and Pune, ready commercial space eligible for REIT investments amounts to 277… Read More »
The booming real estate market in Bangalore, Chennai and Hyderabad had been attractive for developers for quite some time and Khushru Jijina, MD, Piramal Fund Management tells us that home grown developers in Bangalore, Chennai and Hyderabad are their strongest partners. Piramal Fund Management Pvt Ltd (PFM). funding arm of the Piramal Group on Tuesday… Read More »
National Association of Software and Services Companies (NASSCOM) today announced plans to set up an office in Bhubaneswar to boost IT and ITeS in eastern India. The NASSCOM also reiterated its commitment to explore further opportunities to partner with the state government. The announcements were made at the end of the NASSCOMs three-day leadership meet… Read More »
Uber is turning India into a regional hub of sorts, as the cab aggregator expands to other South Asian countries. After launching in Sri Lanka late last year, Uber started operations in Dhaka, Bangladesh, in mid-November. As it continues to scout for more markets, the expansion and the operations are being driven out of the… Read More »
The go-ahead was given on Monday for what will be the tallest building in City of London here, media reports said. The 73-storey building, towering to a height of 305 metres, won approval despite a protest from the Royal Palaces because of the impact it will have on the iconic Tower of London, a UNESCO… Read More »
HM Revenue & Customs (HMRC) has reportedly selected India Buildings in Liverpool as the location of a new hub office of more than 300,000 sq ft. The government department will let the majority of the space at the 350,000 sq ft building, according to Property Week. The Water Street property was acquired by Shelborn Asset Management for… Read More »
Piramal Group’s financial services arm Primal Fund Management (PFM) has surpassed Rs 10,000 crore in aggregate investments in South India, the company’s proprietary book stated. This forms one third of the firm’s commitment to clearing Rs 32,000 crore debt and equity to real estate developers across India. According to Piramal, the Rs 10,000 crore milestone… Read More »
With no takers for land in its area, Noida Authority has delayed the auction of commercial land for large and small category 27 plots till December. The Authority has also extended its group housing scheme of six plots in sectors 146 and 147 launched earlier this month.Bidding of these plots for commercial use by consortiums,… Read More »
India is home to the third largest number of technology driven startups in the world, according to a study conducted by ASSOCHAM in association with Thought Arbitrage Research Institute. But with such a boom comes an increased demand for work space. And if you’re just setting up shop, chances are you wouldn’t want to splurge… Read More »
Amidst demonetisation driving significant demand contraction in consumer discretionary sectors, public sector contracting can be a ‘safe haven’. Subsequent push on infra spending, subject to ability to spend, can be a positive as well. For Larsen & Toubro, the impact is limited to temporary disruption in near term and slower execution of real estate contracts. We… Read More »
