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 »
Property buyers will have a forum to redress their grievance with the state government today announcing the formation of a regulatory authority and an appellate tribunal to regulate the real estate sector under the Real Estate (Regulation and Development) Act, 2016. Urban development minister Pushpendra Singh Deo told the Assembly today that in keeping with… Read More »
The Canada Pension Plan Investment Board (CPPIB) and other investors have held talks with Bengaluru-based property developer RMZ Corp to jointly invest in the greenfield developments and acquisition of commercial projects, said a source. The Canadian pension fund manager already has two separate joint ventures with the Shapoorji Pallonji Group for investing in rental yield… Read More »
Apart from the preferred asset classes of office and residential, private equity firms have been taking greater interest in warehousing, logistics and retail real estate. Private equity investors and overseas developers are already looking at opportunities to enter India’s industrial and warehousing sector by investing in various development projects. Foreign investors, including those from China,… Read More »
On November 8, 2016, the Government of India de-notified currency notes of Rs 500 and Rs 1,000 as legal tender. The temporary shortage of cash adversely impacted several sectors that depended on cash, notably wholesale markets, the informal sector and even parts of the real estate industry. The real estate industry involves both, formal as… Read More »
Flipkart has substantially scaled down its need for a huge office space in Bengaluru, which it leased almost two years back, as e-commerce companies in the country struggle to find new avenues of growth and raise fresh funds amid sharp cuts in their valuations. India’s biggest e-commerce company is now looking to lease just 0.83… Read More »
Demand for warehousing space continued to remain strong during the year 2016 with over 10 million sq ft space leased across leading cities of India. The engineering, manufacturing and e-Commerce companies leased 22% of the total space transacted during the year, while third-party logistics companies share stood at 21% and FMCG players at 17%, showed… Read More »
Bahrain-based MNC Al Namal Group is entering the co-living homes sector in India through an ‘operating agreement’ with Square Plums, an upcoming brand of co-living homes based in Bengaluru. Co-living homes are fully furnished, ready-to-move-in homes based in gated communities available on rent for youngsters relocating to cities for job placement. As part of the… Read More »
ArthVeda Fund Management, part of financial services conglomerate Wadhawan Global Capital, is planning to raise $1 billion to invest in affordable housing projects across the country, said a top company official. The asset management company recently received $250 million commitment from Qatar Holding, part of Qatar sovereign fund, for its affordable, low and middle income… 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 »
