Burman GSC, a joint venture between the Burman Group, promoters of home-grown FMCG company Dabur, and real estate private equity fund Golden State Capital (GSC), has bought out Ascendas India’s 51% stake in SEZ OneHub, located in Gurgaon, in a deal valued at around Rs 300 crore. Sources told TOI that Ascendas wanted to exit… Read More »
Investors across real estate segments — residential, commercial and land – are rushing into Gurgaon which saw large sales across financing and land acquisitions in excess of $1billion, double that of 2015. Last year, Gurgaon market attracted around $500 million in investments as investors were in a wait-and- watch mode towards outlook and an expected recovery.… Read More »
Private equity (PE) investments in the real estate sector increased by 22 per cent to Rs 28,300 crore in the first nine months of this year with investors’ rising interest in the office and retail assets, says property consultant. In its latest report on Private Equity investments in Real Estate (PERE), C&W said that “the… Read More »
Saudi Arabia’s stock market on Tuesday said it plans to list “multiple” exchange-listed real estate funds before the end of the year. The Tadawul’s statement follows regulations passed by the Capital Market Authority last month which paved the way for “real estate investment traded funds”. These would invest in residential, commercial, industrial, and agricultural real estate,… Read More »
At just over 0.09 million sq ft, overall transaction volume in office space was unable to pick up in Kolkata this quarter as well said a recent report. Lease activity was driven by assortment of industries including Technology firms which shared about 33% of the absorption pie while, Engineering firms came in next at 25% share.… Read More »
Ecommerce major Snapdeal is rationalizing its offices and is moving into co-working hubs instead of operating from leased offices in an effort to trim costs. The company has vacated its office with 200-seat capacity in Mumbai’s Malad suburb and picked up a 90-seat office in a co-working hub in Andheri, said three persons familiar with… Read More »
Nearly 9.6 million sq ft Grade A office space was absorbed during the July-September quarter of this year, a report said. According to a study of nine major metros by property consultant, office absorption witnessed sustained momentum, with Grade A absorption totalling 9.6 million sq ft, making it 28.26 million sq ft so far in 2016. “Although… Read More »
The capital region of Andhra Pradesh is faced with severe shortage of office accommodation. As many as 40 corporate houses and IT companies have been unsuccessfully scouting for office accommodation for the last one year in Vijayawada and surrounding areas. Even Visakhapatnam city does not have sufficient space to house private offices. About 30 IT companies… Read More »
Infrastructure sector recorded a growth rate of 5 per cent in September, the highest in three months, on account of healthy performance by cement, steel and refinery products. The growth rate of the eight infrastructure sectors, coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity, in September 2015 was 3.7 per cent. The… Read More »
Swiss bank UBS has entered into an agreement to pick up 4 lakh sq ft of office space on lease at realty developer K Raheja Corp’s IT Special Economic Zone Gigaplex at Airoli in Navi Mumbai in one of the largest occupier lease transactions, three persons familiar with the development said. The Zurich-headquartered, NYSE-listed multinational… Read More »
