The plans of the TS government to set up World Trade Centre in Hyderabad along the lines of Mumbai and Bengaluru got a boost on Monday with the Centre giving in-principle approval to fund the project. With this, Hyderabad will join the global network of World Trade Centres, a hub for international businesses. It will be… Read More »
Having commenced work on its first commercial tower in the International Financial Services Centre (IFSC) within the GIFT City in Gandhinagar, realty player Hiranandani Constructions Pvt Ltd is planning to launch the same in January 2017 during the Vibrant Gujarat Summit. The group is developing a 400,000 sq ft 16 storied commercial building, in which… Read More »
Bharti Realty Limited, the real estate arm of the Prestigious Bharti Group, today announced the unveiling of its state of the art premium commercial space situated at its Pavilion Mall, Ludhiana. Pavilion Mall is located at Fountain Chowk, which is considered as the heart of Ludhiana and is among the best destination for shopping and… Read More »
Indiabulls Alternative Investments Ltd plans to raise as much as Rs.1,000 crore for a new fund from non-resident Indian (NRI) investors based in West Asia, Asia-Pacific and Europe. India Opportunities Fund, a real estate-focused, alternative investment fund (AIF), allows NRI investors, along with persons of Indian origin (PIOs) and other foreign investors, to participate in domestic… Read More »
Umpteen start-ups are coming up in India each day, which is naturally the best time for real estate to rejoice. Be it big or small, most of the start-ups do look out for office spaces sooner or later. These emerging business enterprises have immense potential and who knows how big they can grow in next to… Read More »
Financial services giant JP Morgan, US technology and consulting firm IBM and financial services company Wells Fargo are set to acquire large highend office spaces in Telangana’s capital city months after Apple, Google and Amazon chose HYDERABAD for their second-largest global development centres. Four persons from global property consultancies and Telangana government in the know of… Read More »
Steady lease rentals, high absorption levels, inadequate supply and global investor interest have breathed life into India’s commercial real estate sector, even as the country’s residential property market continues to be in a slump. Unlike the fragmented market for residential properties, a few leading developers, backed by large investors, are building Grade A (top quality) office… Read More »
IDFC Alternatives, the asset management arm of infrastructure finance company IDFC Ltd, is looking to raise a $300-million ( Rs 2,000 crore) fund to invest in the Indian real estate sector, people close to the development said. While some of the earlier real estate-focused funds raised under the IDFC Alternatives umbrella were bullish on the… Read More »
New Delhi’s Central Business District Connaught Place is seventh among the most expensive prime office markets in the world with an annual occupancy cost of $149.71 per sft, according to the latest edition of property consultancy CBRE Research’s Global Prime Office Occupancy Costs survey. Bandra Kurla Complex (BKC), Mumbai’s Alternative Business District, stood at 19th… Read More »
Realty developer K Raheja Corp has started the process to sell around 20% stake in its commercial or income-producing office portfolio spanning 20 million sq ft, said two persons familiar with the development. The company is looking to fetch Rs 2,700 crore to Rs 3,000 crore through this stake sale. “While the intention to list… Read More »
