Share price of Indiabulls Real Estate added nearly 3 percent intraday Wednesday as it has signed an agreement to acquire India Land & Properties for Rs 685 crore. The company’s wholly owned subsidiary Indiabulls Infrastructure has signed a definitive agreement to acquire 100 percent share capital of India Land and Properties (ILPL), for an aggregate… Read More »
Pune’s office property supply crunch is likely to ease by 2019 as the city is expected to see supply of around 11 million sq ft until 2019-end, out of which 80% is likely to hit the market in 2018 and 2019, said property consultant JLL India. “Against the mentioned supply, the city is expected to… Read More »
Barclays Plc, Credit Suisse Group AG, Standard Chartered Plc and Citigroup Inc. are among global financial firms looking to add office space in India even as they trim their retail operations worldwide, two people aware of the matter said. Much of this space will be used to house the banks’ captive technology businesses in cities… Read More »
Asia Pacific cities are some of the fastest growing real estate markets in the world, but they have yet to catch up with their European and North American counterparts when it comes to intensity of investment. JLL’s latest Investment Intensity Index – which compares the volume of direct commercial real estate investment in a city… Read More »
Real estate developer RMZ Corp. has started the process of selecting investment banks to manage its initial public offering (IPO) for its proposed real estate investment trust (REIT) which could see the developer raise more than Rs 2,000 crore, three people aware of the development said. REITs are entities that primarily invest in leased… Read More »
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.
Large property investors are scrambling to buy commercial towers where tenants have moved in, driving up the capital value of these buildings. However, with rentals failing to catch up, returns from these investments have fallen, real estate brokers and advisors said. Stiff competition among sovereign wealth funds and large private equity funds for scarce assets… Read More »
Housing department officials have said that Maharashtra will follow the Centre’s Real Estate (Regulation and Development) Act, 2016, and is planning to publish the final rules this month so that the legislation can be implemented from May 1. The officials said the file for publishing the rules is in the final stages of approval. “There… Read More »
