Global private equity firm Blackstone Group Lp, the largest owner of office real estate in India, plans to list two separate real estate investment trusts (REITs) for its office assets with developer partners, said multiple people familiar with the development. For its office parks in the National Capital Region (NCR), and west India (Mumbai and Pune),… Read More »
Hyderabad’s office market remained resilient with about 5.0 million sq. ft. office space absorption till the third quarter, which is about 79% more than the same period last year, said a property consultant in their quarterly report. Healthy demand from occupiers in Information Technology and Information Technology Enabled Services (IT-ITeS) segment took the gross leasing volume… Read More »
The demand for commercial real estate across the country is getting stronger and is witnessing a sustained momentum. The office space absorption across top 9 property markets has seen a sustained growth with total 28.3 million sq ft picked up during the first nine months of 2016, showed a report. Last year, commercial real estate in… Read More »
Getting the right office space and turning it into an office remain a herculean task for many startups and budding firms. Now, aspiring entrepreneurs and professionals have stopped searching for offices and choose plug and play, thanks to some of the co-work spaces provided along the Pattom-Kuravankonam road. Co-work spaces offer professionals a space, the internet, power… Read More »
In a move to expand the exchange’s operations in terms of technology (Business Continuity and Disaster Recovery – BC & DR) and education, Multi Commodity Exchange of India LtdBSE -0.01 % (MCX) has acquired office space in GIFT City in Guajrat. This office space will be utilised by MCX to set-up a full-fledged business continuity facility… Read More »
Demand for prime office space reached a ten quarter high of approximately 11 million sq. ft. for the July – September period, according to a latest India Office MarketView Report – Q3 2016. The quarter recorded a growth of 9% on a q-o-q basis and 14% on a y-o-y basis. As on September 30, 2016,… Read More »
Cerestra Advisors Ltd, a real estate-focused private equity firm, has bought Alexandria Knowledge Park at Genome Valley in Hyderabad for Rs 400 crore as it plans to build an office portfolio focused on R&D clients. Alexandria Knowledge Park, which counts tenants such as Swiss pharmaceutical giant Novartis, was previously owned by New York-based Alexandria Real… Read More »
The country’s first SEBI-registered and Shariah-complaint venture capital fund, Secura Investment Management (India) Pvt. Ltd., launched its third investment management fund, Realty AIF 1 (Alternative Investment Fund). Aiming to raise Rs 200 crore with the Green Shoe Option of Rs 100 crore, the minimum investment under the scheme is Rs 1 crore, which can be… Read More »
Cash-strapped Haryana Urban Development Authority (Huda), which is struggling to meet its daily expenditure, is planning to auction 17 commercial properties in Rewari and Dharuhera on November 1. The auction is expected to raise around Rs 25 crore. Huda had listed several commercial properties in Gurgaon, Rewari and Dharuhera for auction in March, but had failed… Read More »
The city’s office space occupiers will face upward revisions in rents in the coming years, said a report. “Compared to Q2 2015 when Mumbai’s rental values had bottomed out, the city will now start to see acceleration in its rental value growth from Q2 2016,” it said. The research tracks rents (in local currency) for prime Grade-A… Read More »
