3000 Crores (~ $ 0.5 Bn) Annual Rents Expiring Across India in 2017. Approximately 30 msf space of nearly 1600 deals contributing more than 255 crores to monthly rental revenues to expire in 2017. Top 3 CRE Markets -Bangalore, Gurgaon and Mumbai together contribute approximately 73% to the volume of lease expiries in 2017. Bangalore… Read More »
Realty firm Omaxe Ltd’s sales bookings rose marginally by 2 per cent to Rs 282 crore during the third quarter of this fiscal on higher realisation despite demand slowdown after demonetisation move. However, sales bookings in volume terms fell 28 per cent to 0.57 million sq ft during October-December period of the 2016-17 fiscal from… Read More »
Office market across the country is expected to remain persistent and is likely to maintain the same volume of transactions in coming quarters. Office markets in key cities have achieved a good base with leasing volumes moving from strength to strength in the past few years, leading to a gradual slowdown in the growth of… Read More »
Pune is emerging as a key destination for real estate investment and development. Strong leasing of commercial real estate is expected to revive Pune’s residential market, says CBRE. Anshuman Magazine, Chairman – India and South East Asia for CBRE, said, “The strong leasing activity in Pune’s office segment, coupled with current and planned infrastructure development… Read More »
In a rare sale deal in South Mumbai’s prime business district of Nariman Point, The Indian Express media group has bought 15,645 sq ft of space in the Mafatlal Centre building for Rs 34 crore or Rs 21,732 a sq ft from Japanese company Mitsui & Co, according to registered documents. The deal includes four… Read More »
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 »
