With India emerging as a preferred investment destination, the country is expected to witness nearly USD 4.2 billion new capital in the realty sector in 2017, says Cushman & Wakefield. According to a report titled ‘The Great Wall of Money’ by the global consultant, new capital available for global real estate investment in 2017 is… Read More »
Global investment firm Blackstone Group Lp’s India subsidiary Nexus Malls is set to launch its first shopping mall in the country in Seawoods, Navi Mumbai, expanding its retail portfolio. Blackstone had bought about 1 million sq. ft of retail space in the Seawoods Grand Central Mall in 2016 from L&T Realty Ltd for Rs1,450 crore.… Read More »
Chennai recorded leasing volume of 1.5 msf in the first quarter of 2017 – highest for the same period in the last five years. This increase was driven mainly by renewals and expansion of existing tenants such as: Average rentals in Chennai were between INR 55-60/sf/month. Average deal size for Q1 2016 was 48,000 sf.
Vatika Business Center, a unit of real estate firm Vatika Group, has forayed into the coworking spaces segment with the launch of its first office in Gurguram and plans to open 50 more such centers across India in the next 4-5 years. The company has also formed a separate verticle for coworking spaces under the… Read More »
Around 10 real estate developers, including a Japanese company, have shown interest in the Indian Railways’ station re-development programme for Chennai Central railway station. Representatives of the companies attended a pre-bid meeting organised by Southern Railway on Friday. The area around the station is going to be developed in sync with the Central Square which… Read More »
L &T Realty Ltd, the real estate unit of India’s largest engineering company Larsen and Toubro, has secured approval to develop a special economic zone (SEZ) in north Bengaluru, though its focus will be on projects in west India, said a company official. The Mumbai-based firm plans to develop around 3 million sq. ft of… Read More »
Indian realty, it appears, owes its concrete foundations to private equity. Investment capital from uber rich individuals and institutions – or private equity (PE) financing in broadest sense of the term – now makes up 75 per cent of the funds propping up India’s property market, compared with just about a fourth in 2010. Total… Read More »
Telangana’s largest industrial house My Home Group has teamed up with office space specialists RMZ group to build a 10 million sq ft property in Hyderabad. The more than ` . 6,550-crore ($1 billion) office-space project, touted as the country’s largest, is coming up on a 10-acre piece of land in Hyderabad’s upmarket Hitec City… Read More »
PropUrban, the Global Real Estate Investment Advisory, Transaction & Consulting (O2O – Online to Offline platform) is expanding its reach globally and in India. The firms has opened office in London, Dubai, Chennai and Hyderabad today. Headquartered in Bangalore, this milestone marks an important step for PropUrban in enhancing engagement and responsiveness to support the… Read More »
India will attract significant capital from Singapore, China, the UK and the US, CBRE’s CEO, Asia Pacific, Steve Swerdlow said, adding that with greater transparency in the market, this is the beginning of their new journey in India. “Traditionally, Japan and Australia were important markets for CBRE, but India and China will overtake them in… Read More »
