Amidst demonetisation driving significant demand contraction in consumer discretionary sectors, public sector contracting can be a ‘safe haven’. Subsequent push on infra spending, subject to ability to spend, can be a positive as well. For Larsen & Toubro, the impact is limited to temporary disruption in near term and slower execution of real estate contracts. We… Read More »
The year 2017 seems to be a promising one for India. The New Year will bring in lot of lucrative investment deals in India, which will also be one of the best in the whole of Asia. One of the best deals in 2017 in India will be real estate. As per a survey, Bengaluru… Read More »
Point72 Asset Management moved into a new office space in Singapore’s OUE Bayfront in Marina Bay on Monday. The 8,880 square foot space can seat up to 60 employees, doubling the capacity of the Firm’s previous Singapore office. Marc Desmidt, Chief Executive Officer of Point72’s international business, said, “We are making a push to find,… Read More »
THE MUMBAI Port Trust (MbPT) on Tuesday accepted proposals from six bidders shortlisted for a massive redevelopment project along Mumbai’s eastern seafront. According to MbPT, the project, covering 500 hectares of land along the waterfront, would revamp the eastern facade of the city in the coming years. The plan is to implement an infrastructural overhaul of… Read More »
Asian investors are looking to diversify their property exposure outside of the region. Not only is India the world’s fastest-growing major economy, it may also offer Asia’s best real-estate investments next year. A survey has ranked Bangalore and Mumbai as the region’s top picks, vaulting both cities to lead a table of 22 Asian markets.… Read More »
Large information technology, banking, financial services and insurance companies are increasingly opting for coworking spaces to cope with rising rentals and shortage of ready-to-move grade A offices in prime property markets across the country. While the likes of Boeing, Visteon, BNP Paribas, Kimberley Clark, and Redcore (Accenture’s sister company) have moved some of their operations… Read More »
China Fortune Land Development (CFLD) has submitted a proposal to the Haryana government for joint development of an industrial township at Sohna entailing investment of around Rs 17,000 crore. The Chinese company submitted proposal to Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) for joint development of Integrated Industrial Model Township (IMT), Sohna, to make… Read More »
IKEA Group, the leading Swedish home furnishings company, is scouting for land in Greater Noida to set up its first showroom in north India. Representatives of the company met Deepak Agarwal, CEO, Greater Noida Industrial Development Authority (GNIDA), on Friday and expressed interest in setting up the facility on nearly 25 acres of land in… Read More »
Taking its diversification strategy further, Piramal Group’s financial services arm Piramal Fund Management has expanded its portfolio to offer flexi lease rental discounting (LRD). Through these transactions, the fund will discount future cash flows of completed and leased commercial assets including office blocks and retail malls, said a top company official. The fund has already… Read More »
Gleeds has won two major contracts in India, with a total build area of ten million square feet. It will be acting as cost manager for the construction of Brigade Brookefields – a commercial project in Bangalore – and the Surat Diamond Bourse scheme in Surat in the Gujarat region. The projects will be managed… Read More »
