Strengthening business confidences resulted in net absorption of office space across the top eight cities to 34 million square feet (msf) during 2016, according to an international property consultant Cushman & Wakefield. Of the total uptake of office space, nearly 40% of the total net absorption took place in the last quarter of 2016. Bengaluru… Read More »
After renting out most of the space in its erstwhile iconic tower Air India Building here, the national carrier has now started the process to lease out around 25,500 square feet space at the Kolkata office complex.The airline, which turned operationally profitable for the first time in a decade in 2015-16 fiscal, is pursuing ways… Read More »
While Surat’s glittering diamond industry is staring at difficult times post-demonetization, the promoters of the Surat Diamond Bourse(SDB) has called out on its members to deposit their second installment between February 14 and February 28. SDB chairman Vallabh Patel, who is also the chairman of Kiran Gems, has appealed to its members that for the… Read More »
This year’s Investment Prospects survey from Urban Land Institute (ULI) and PwC shows a strong shift away from last year’s favorites, which featured core markets in Japan and Australia, in favor of emerging-market destinations. The survey also found steep declines in the popularity of gateway cities with the exception of Shanghai which has seen a… Read More »
Realty firm Godrej Properties Ltd expects to monetise commercial properties worth about Rs 1,500 crore at Mumbai, Kolkata and Chandigarh over the next six months and reduce net debt, which now stands at Rs 3,278 crore. In September 2015, Godrej Properties had sold 4.35 lakh sq ft of office space at Bandra-Kurla Complex (BKC) in Mumbai… Read More »
2016 was year of many big announcements. From the Smart Cities mission to demonetization, there were several headline-making events that would change the face of Indian real estate in the times to come. Chennai embraced these changes and lived up to its reputation of being a city that bounces back, regardless of the odds. Chennai… Read More »
The real estate sector in India has been lucrative for savvy investors over the last decade, but it has not been without accompanying uncertainties. The introduction of REITs (Real Estate Investment Trusts) will open up a platform that will allow all kinds of investors – even those with smaller budgets – to make safe and… Read More »
Bangalore has emerged as the most dynamic city in the fourth annual City Momentum Index of cities around the world, followed by Ho Chi Minh City of Vietnam and Silicon Valley in the U.S. Hyderabad also makes it to the Top 10, ahead of London, and Chennai and Pune to the Top 20, but environmental factors… Read More »
Commercial real estate activity across top cities in the country could be muted in the first half of 2017 after seeing a mixed trend in the year gone by, according to a property consultant. According to the report, while Bengaluru, Hyderabad and Mumbai saw double-digit growth in office take up in 2016, net absorption in… Read More »
Ascendas India Trust (a-iTrust) posted strong third-quarter results due to more income from a recently acquired information technology (IT) park and a new office building. Distribution per unit (DPU) for the quarter rose 5 per cent to 1.42 Singapore cents. Net property income for the three months that ended Dec 31 grew by 7 per cent,… Read More »
