Prestige Estates Projects that recently bought back Singapore headquarters fund CapitaLands stake in a mall project in Bangalore, is converting it into a IT business park due to lower supply in this segment. The Bangalore based company now plans to set up 1 mn sft IT park on the 4 acre property in The city. “There… Read More »
Realty major DLF will invest about Rs 500 crore to develop an IT Park in Chennai as the commercial real estate market has picked up in major cities. The country’s largest realty firm has exhausted its commercial space stock by leasing out over 32 million sq ft. It expects to earn about Rs 2,700 crore rental… Read More »
American financial data and analytics firm Factset has sealed a deal to set up an 8.6-lakhsquare-feet office in Hyderabad, its largest in the world, earmarking Rs 800 crore for lease rentals over 15 years. The Nasdaq and NYSE-listed firm, which has 8,000 employees in 40 locations across 21 countries, is gearing up to hire 7,000… Read More »
The economic slowdown continued to curtail the growth of bank credit in the second quarter as well. Banks’ credit to the large companies has come down by Rs 76,500 crore during March-July period of this fiscal, with the manufacturing sector bearing the brunt of the slowdown seeing a Rs 11,800 crore deceleration in bank loans, according… Read More »
Propstack is delighted to announce that Brandon Sedloff has joined the Board of Advisors this week. Brandon is the Managing Director/ Head of Business Development at Juniper Square, a San Francisco-based technology company that provides fundraising, investor reporting, and investment management software to real estate managers. Brandon has over 15 years of experience in the commercial… Read More »
Office space inventory at peripheral locations such as Manesar, Greater Noida and the extended parts of NH-8 has lead to nearly one-third, or about 32%, of quality office space in Delhi NCR remaining vacant, according to a property consultancy. However, the picture isn’t that bad if these locations are excluded. Delhi NCR’s office vacancy rate significantly drops… Read More »
Research Now, the global leader in digital data collection to power analytics and insights, today announced the official opening of a new India office located in the Cyber City business hub in Gurgaon, close to New Delhi. The new facility provides space for more than 50 staff servicing the India market, Asia Pacific clients, and… Read More »
Noida is emerging as a hub for smartphone makers. While the city earlier housed assembly and manufacturing facilities, a number of mobile handset makers are setting up offices and research units there. Chinese handset manufacturer Vivo leased 250,000 sq ft in the World Trade Centre at Greater Noida for its office, R&D centre and manufacturing… Read More »
Mahindra World City Developers, an arm of Mahindra Lifespace Developers, has launched a new phase in the industrial zone of Mahindra World City Chennai with focus on engineering, automotive, logistics, electronics and pharma companies. The new phase, spread around 42 acres, is located in the domestic tariff area (DTA) at Mahindra World City Chennai, which already… Read More »
A sluggish growth in demand for office spaces in the city through the last few years paints a grim picture for the state of business affairs in Bengal. The tepid demand has also stubbed significant launches in the market. According to a study , 42.4% office space of the Grade A category is lying vacant… Read More »
