The leasing of office space fell 27 per cent in eight major cities to 5.5 million sq ft during January-March quarter due to lack of supply, according to property consultant Cushman & Wakefield. The net absorption of office space stood at 7.4 million sq ft in the year-ago period. Supply of office space has been… Read More »
Warehousing giant Embassy Industrial Parks on Thursday announced the construction of a grade ‘A’ quality industrial and warehousing facility in its newly acquired property in Gurugram, Haryana. The 24 acres of land purchased by Embassy Industrial Parks is strategically located on NH-8 near Bilaspur Chowk. It is a major development after a 1,910 crore worth… Read More »
Shared office space company WeWork Cos is starting to expand with a broader real estate facilities management service, it said on Wednesday. WeWork is building on what it calls “on-site services” that began with an unnamed corporate client in Chicago that is reducing its leased space to two floors from three, said David Fano, the… Read More »
Piramal Finance Pvt. Ltd, which houses the entire financial services business of the Piramal Group, has lent Rs450 crore to a joint venture between Bengaluru-based developer Embassy Group and Hyderabad’s Phoenix Group, which is developing three special economic zones (SEZs) in Hyderabad, company executives said. The money has been given in the form of construction… Read More »
With relaxed FDI guidelines, real estate focused government initiatives and growing market, the Indian real estate holds a vast opportunity for investors seeking to invest in Indian real estate, says Cushman & Wakefield India survey. The Indian economy is expected to record GDP growth higher than China, making it the fastest in the world during… Read More »
Lets re-look at our past ten infographic highlights for the Indian CRE Market. Bangalore to witness more than 9 msf of lease expiries in 2017 Demonetization impacts Mumbai office sales negatively 10,000+ sf deals dominate Gurgaon absorption in 2016 3,000 Crores (~ $ 0.5 Bn) annual rents expiring across India in 2017 2.6 msf lease… Read More »
With an aim to address grievances of buyers and to bring transparency in India’s real estate sector, the government is planning to implement RERA Act starting from May 1 this year. The upper house of Indian Parliament, Rajya Sabha had passed the Real Estate Regulation and Development Act (RERA Act) in March 2016, which is… Read More »
In what could provide a push to information technology and financial services sector in Ahmedabad, a city-based real estate company-Goyal and Company- has signed a lease deed with S&P Global Market Intelligence, a global financial intelligence provider, for office space. “As part of the deal, the local realtor will develop 3.50 lakh sq.ft of office… Read More »
Shares of Indiabulls Real Estate Ltd (IBREL) on Monday jumped 40% on Monday after the property developer revealed plans to carve out its leasing and commercial businesses into a separate entity.The IBREL board that met on Monday morning decided to create a new vertical to house the two businesses. The residential business will continue to… Read More »
Hyderabad witnessed strong office leasing during 2016, registering a 109 per cent year-on-year growth during the year, according to real estate consultancy CBRE South Asia. During the January to March 2017 quarter, the city witnessed the uptake of more than 1.3 mllion sq ft. Affordability This growth in office leasing activity, coupled with robust infrastructure… Read More »
