Office space absorption contracted 18% to 14.5 million sq ft in India’s top eight markets in the first half of 2016 compared to that a year ago, according to a report, which attributed the decline after six consecutive quarters of expansion to shortage of fresh supply. The report said there was office space shortage in Bengaluru,… Read More »
The multi-product SEZ, financed by Srei and marketed by another Srei initiative Attivo, is ready to house diverse industries, including electronics, general engineering, aerospace, auto and components, solar, renewable energy, food processing, and many more. The SEZ has the potential to generate direct employment in excess of 50,000 over the next decade, the company’s media… Read More »
Enthused by the entry of technology majors such as Google and Apple, the demand for commercial office space in Hyderabad is expected to remain strong and could see upward momentum in 2016-17 boosting the number of leasing transactions, says a property consultant. Hyderabad is expected to see addition of nearly 16 million square feet of new… Read More »
An Australia-based construction giant has cracked a deal worth $169.5 million with an Indian company to build a retail and hospitality development project in Mumbai. CIMIC Group Company Leighton Asia, through its subsidiary Leighton India Contractors, has entered into an alliance agreement to deliver phases two and three of the Maker Maxity project in Mumbai. According to… Read More »
The MMRDA will allow apartments to come up on plots reserved for commercial establishments in BKC. MMRDA is the special planning authority for BKC, which has emerged as the city’s leading commercial business district over the last decade. The area houses several important government offices and key private financial institutes like ICICI Bank and Crisil. “We have… Read More »
Property developer Embassy Group has emerged as the exclusive co-developer for setting up a 30-acre special economic zone to come up in the city, the company said today. The project, a 30-acre SEZ property, on Thoraipakkam Pallavaram Radial Road in Chennai would be known as “Embassy Splendid TechZone”, it said. The first phase of the project is… Read More »
The plans of the TS government to set up World Trade Centre in Hyderabad along the lines of Mumbai and Bengaluru got a boost on Monday with the Centre giving in-principle approval to fund the project. With this, Hyderabad will join the global network of World Trade Centres, a hub for international businesses. It will be… Read More »
Having commenced work on its first commercial tower in the International Financial Services Centre (IFSC) within the GIFT City in Gandhinagar, realty player Hiranandani Constructions Pvt Ltd is planning to launch the same in January 2017 during the Vibrant Gujarat Summit. The group is developing a 400,000 sq ft 16 storied commercial building, in which… Read More »
Commercial or residential? Which makes for a better real estate investment bet? Most of us prefer residential, but commercial has its own rewards. Experts feel commercial property ensures higher return over residentials, while giving a steady flow of income. India remains a preferred back office destination for much of the developed world. With the economy showing… Read More »
London office-property values may fall by as much as 20% within three years of the country leaving the European Union (EU) as businesses relocate and the economy stagnates, according to Green Street Advisors LLC. “New leasing will slow dramatically,” said Hemant Kotak, an analyst at the London-based research company. Retail-property values across the country could fall… Read More »
