A rise in demand for office spaces in the last one year coupled with shortage of new supply in key mi cro-markets has pushed up office rentals across top markets. Rentals in Gurgaon’s rose 13% in the last one ye Cyber City area rose 13% in the last one year while those in Bengaluru’s Whitefield and… Read More »
Apple is in talks to lease over 40,000 square feet of office space in Bengaluru where it intends to set up a development centre, three people familiar with the development said. “The company has signed the letter of intent with Galleria, a mixed use project in Yelahanka in Bengaluru,” one of these people said. Galleria is… Read More »
Top Indian cities have seen a significant rise in large office space transactions with companies across sectors expanding and consolidation operations, kindling hopes of a revival in an otherwise lacklustre real estate industry. India’s top six property markets reported 236 transactions for large office spaces — of at least 25,000 square feet and up to… Read More »
There may be valid political and sociological reasons for increasing the Floor Area Ratio (FAR) in HUDA’s colonies in Haryana’s new emerging towns, but only a blind leap of faith can justify the conclusion that this move will help pull the property market out of recession. Logic indicates otherwise. FAR is the ratio of a building’s… Read More »
The new airport at Kishangarh, which is being developed to cater to the historical city of Ajmer, is likely to be operationalised by July next year for which airlines have evinced interest to operate flights from Mumbai and Delhi. Located in the biggest marble market of Kishangarh, the airport building’s construction work is most likely… Read More »
The Indore Development Authority (IDA) is planning to take possession of land near Navlakha bus stand from the Indore Municipal Corporation (IMC) in order to raise funds for its projects by leasing it out. The land near Navlakha bus stand was cleared from encroachments last year by the civic body. The IDA board members had asked… Read More »
By going ahead with various developmental activities at the cost of environment, the city has plummeted several ranks as far as executing green buildings projects over the last three to four years are concerned. Going by the figures revealed by the Indian Green Buildings Council (IGBC), Hyderabad has slipped from being third in 2014 to… Read More »
Bengaluru, which has a total stock of 96 million sq ft of grade-A (non-captive) office space, is currently staring at a shortfall in the supply of office space. Barely 4-5 per cent of the total space is vacant for leasing as the tech city has witnessed strong leasing activity in the last few years. Even… Read More »
Real Estate Investment Trust Funds (REIT) in retail sector would be savior for all the investments locked in those high costs assets, according to a cross section of stakeholders at the India Shopping Centre Forum 2016. Shopping malls, which have not gone on stream and for those which are operational but not milking attractive rental yields… Read More »
Bengaluru, which has a total stock of 96 million square feet of grade-A (non-captive) office space, is currently facing a shortfall in the supply of office space. In 2015, 14-15 million square feet got leased out. This includes a good volume of pre-committed space, which will be occupied over the next two-three years. Interestingly, the trend of… Read More »
