Singapore’s DBS Bank Ltd is close to leasing nearly 100,000 sq. ft at Express Towers, a 25-storeyed building in Mumbai’s Nariman Point, in one of the biggest office space deals in the business district since the 2008 global financial crisis that prompted many corporates to leave the locality. The bank is close to signing the lease… Read More »
Large office space developers in India are set to raise more than $3.5 billion by March from institutional investors and pension funds. The fundraising will help the property developers bring new investors on board and expand their project portfolios. Bengaluru-based RMZ Corp., backed by the Qatar Investment Authority (QIA), plans to raise about Rs1,700 crore… Read More »
Software services exporter Tata Consultancy Services (TCS) is close to leasing 780,000 sq ft of office space in IG3 Infra’s Chennai One IT SEZ for 10 years, said two people in the know of the development. TCS will pay a rental of Rs 50 per sq ft per month, taking the total annual payout to… Read More »
The State Bank of India has decided to shift its 60-year-old local head office from Lal Darwaza in Ahmedabad to Gujarat International Finance Tec-City (GIFT) in Gandhinagar. On Monday, the foundation stone of SBI’s new office building was laid by CM Vaijay Rupani in presence of SBI chairperson Arundhati Bhattacharya. As part of its move,… Read More »
Tata Communications has picked up 60,000 sq ft of office space on lease at Parinee Crescenzo in Mumbai’s Bandra-Kurla Complex, said two persons familiar with the development, making it the largest office space transaction in the alternative business district so far this financial year. “The company has picked up the entire 15th floor in this 20-storey… Read More »
India’s second largest listed real estate developer Prestige Estates Projects plans to raise at least $300 million, around Rs 2,000 crore, by selling up to 40% stake in its rent-yielding commercial assets and has drawn interest from Canadian Pension Plan and GIC of Singapore. The southern developer has hired JP Morgan to advise on the… 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 »
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 »
It’s a new wave of investment that’s sweeping Hyderabad’s iPad-toting Gen Y populace off its feet these days. With a ‘savings’ deposit of Rs 10 lakh to Rs 12 lakh tucked neatly away in their accounts, this dividend-driven clan is giving a miss to the latest Honda ‘hot wheels’ to instead park their moolah in… Read More »
