Pune’s commercial real estate market has recorded an optimistic start to the year 2017 with rising number of transactions. Pune has witnessed 23% year-on-year growth in leasing volume during the months of January and February, said commercial realty data information and analytic firm Propstack. Pune has also recorded 26% year-on-year rise in number of lease… Read More »
In one of the biggest front office transactions so far this year, consumer durable major Samsung India Electronics has leased 1.10 lakh sq ft office space in Oberoi Realty’s commercial complex Commerz II in Goregaon suburb of Mumbai, said two persons familiar with the development. The company will be paying rentals of Rs 145 per… Read More »
Pune recorded increase in leasing and no. of deals in Jan-Feb’17 compared to Jan-Feb’16. Higher number of deals in suburban locations and increase in rates for furnished spaces drove average transacted rentals upwards. Vacancy levels declined during the same period.
2.6 msf lease expiries in hyderabad in 2017. Total Monthly Rental Revenues IT SEZ contribute to 48% of the expiries *Grade A data only and Includes renewals
With India expected to be the world’s fastest growing economy in 2017, this year’s World Real Estate Forum organised by MIT Center for Real Estate on the MIT campus in Cambridge will have a special focus on India. The World Real Estate Forum will be held on May 18 and 19 in Massachusetts. The panelists… Read More »
Commercial lease rental agreements worth Rs 3,000 crore across top seven property markets across India are likely to expire in 2017, according to Propstack, a commercial realty data information and analytics firm. The expiry of these lease agreements for around 30 million sq ft grade A office space would lead to nearly 1,600 new transactions.… Read More »
3000 Crores (~ $ 0.5 Bn) Annual Rents Expiring Across India in 2017. Approximately 30 msf space of nearly 1600 deals contributing more than 255 crores to monthly rental revenues to expire in 2017. Top 3 CRE Markets -Bangalore, Gurgaon and Mumbai together contribute approximately 73% to the volume of lease expiries in 2017. Bangalore… Read More »
In a rare sale deal in South Mumbai’s prime business district of Nariman Point, The Indian Express media group has bought 15,645 sq ft of space in the Mafatlal Centre building for Rs 34 crore or Rs 21,732 a sq ft from Japanese company Mitsui & Co, according to registered documents. The deal includes four… Read More »
About 341 office space leases in Grade A buildings in Bengaluru adding to more than 9 million square feet is likely to expire this year, according to commercial data information and analytics firm Propstack. The average monthly rentals of the leases expiring in 2017 is of Rs 57 per sq ft per month, leading to… Read More »
Total volume of Lease expiries in Bangalore is expected to cross 9 msf in 2017. Witnessing quarterly increase since beginning of year, total area of lease expiries in Q4 2017 is expected to be above 3 msf. The 200+ leases expiring in 2017 have average monthly rent of INR 57/sf/month and add upto nearly 56 crores… Read More »
