Global construction company Leighton has bagged a Rs 500 crore contract to develop realty firm Vipul Ltd’s luxury housing project in Gurugram. Vipul Ltd is developing 370 units, comprising 1 million sq ft of built up area, in the first phase of this 20-acre project. “We have awarded a Rs 500 crore contract to Leighton… Read More »
Emerging markets investor Xander Group has acquired the technology special economic zone (SEZ) of the diversified Shriram Group in Chennai for Rs 2,290 crore, or $350 million. Shriram Properties and real estate investor SUN Apollo had put Shriram Gateway, a 4.6-million-sqft integrated development on sale, which had attracted interests from GIC of Singapore and Asian… Read More »
The real estate sector in India is expected to attract an investment of around $7 billion in 2017, while the figure is expected to touch $10 billion by 2020, according to CBRE South Asia. Anshuman Magazine, Chairman, India and South East Asia, CBRE said, “With 2016 being the year of landmark decisions for the Indian… Read More »
Gurgaon-based TOP Technologies, the parent firm of coworking platform The Office Pass, has raised $245,000 (Rs 1.5 crore) in a seed funding round led by Arun Tadanki, former managing director of Yahoo India & Southeast Asia. The funds will be deployed in enhancing the platform and hiring technology and product talent. “We aspire to connect… Read More »
Spaces, an Amsterdam-born co-working space provider, has launched its first shared-space in Cyber City, Gurgaon. Spaces along with five other brands i.e. Regus, Signature, Open Offices, Kora and MOS are the subsidiary of IWG, a global workplace provider headquartered in Brussels. The 30,000 sq ft of co-working space in Gurgaon has 430 seats capacity. The… Read More »
Indian cities of Bengaluru, Chennai, Hyderabad and Pune are likely to outstrip other cities in the Asia-Pacific region (APAC) in investments in office assets, predicts global property consultant Cushman & Wakefield. The agency said, while the real estate investment volumes in Asia Pacific are expected to hit $611 billion in 2017, India is projected to… Read More »
While there was no addition of fresh supply in the office space market in Kolkata, the first quarter of the new calendar year took off on a positive note in the city with absorptions higher than that in same period last year. With 0.2 million sq ft of office space absorption between January and March,… Read More »
In one of the largest office leasing transactions so far this year, IDFC Bank has picked up an entire office building spread over 1.80 lakh sq ft on lease in K Raheja Corp’s mixed-use development Mindspace in Navi Mumbai’s Juinagar locality, said two persons familiar with the development. The lease is for five years with… Read More »
Apple has taken up additional space in Gurgaon, a few floors above its existing office which CEO Tim Cook visited last year, during his maiden trip to India. According to people aware of the development, Apple has taken space to seat a number of new executives that it plans to hire over the next few… Read More »
Beleaguered online marketplace Snapdeal is in the process of vacating over 60% of its office space in Gurgaon as it moves into a single tower in line with its shrinking operations. The development comes at a time when the e-commerce company is on the path to a… Read More »
