London, New York and Singapore top preferred investment destinations According to international real estate consultant Cluttons, Gulf Cooperation Council (GCC-based) high net worth individuals are set to continue investing in global real estate for the remainder of the year, with the 63% claiming that they are likely to invest in their most preferred real estate… Read More »
The IT capital of India has only 3 per cent vacancy in office space, an all-time low, against the top seven cities in the country as strong demand from corporates sucks up space but builders are moving to pre-fabricated buildings and customised offices to stay in business. Bengaluru is followed by other IT hubs like Pune… Read More »
The consolidation among ecommerce players in India has seen companies rationalising or scrimping on large office space in cities practically halving their commercial real estate transactions. The share of the ecommerce sector has fallen by almost half in the first half of this year as compared to the same period last year. According to real estate… Read More »
Renewed confidence among institutional investors has pushed private equity flows into commercial real estate in the first half of 2016 even beyond the cumulative investments witnessed during the whole of last year. Office realty has received over Rs 3,256-crore investments from private equity funds during January to June as against Rs 3,229 crore in 2015,… Read More »
Vacancy levels in Grade-A office segment in Hyderabad has dropped by 200 basis points from last year due to space take up by technology majors such as Amazon, Google, Deloitte and JP Morgan, among others, said a property consultant. “The vacancy levels dropped to 8 per cent in the first quarter of 2016 from 10 per… Read More »
The world’s largest private equity manager Blackstone’s Indian real estate joint venture Embassy Office Parks will invest $750 million, or around Rs 5,000 crore, in the next three years as technology services boost office space absorption in cities such as Bengaluru, Hyderabad, Chennai and Pune. The equal joint venture between Blackstone and property developer Embassy Group… Read More »
Mobile chip maker Qualcomm is close to acquiring about 0.5 million square feet of office space in Bengaluru to expand its operations in the city, according to people familiar with the matter. The company is looking for space in Outer Ring Road, which is home to numerous multi-national companies including Google, Cisco and Visa, sources… Read More »
Technology majors do it globally, and, for a while now, Indian tech players have also been hiring the best architects in the business to make their offices Gen-Y friendly. But now, a bank wants to turn the idea of a ‘traditional bank’ on its head. Yes Bank is designing its upcoming facility in Chennai to… Read More »
At least a quarter of India’s top-rated office space of 464 million sq ft is expected to get listed by 2019 with an estimated valuation of around $18 billion (Rs 1.2 lakh crore), according to a study. Large institutional investors in India’s commercial real estate are gearing up to list their real estate investment trusts… Read More »
Shortage of quality office space in big Indian cities has pushed up pre-commitments or reservations of property even before it is ready, among retail and technology giants, by as much as 50% in the past six months, according to real estate consultants. IT companies like Apple, GEP Solutions, GCI and Here Solutions have made pre-commitments for… Read More »
