Several top PE firms and other investors have bought income-producing office assets across the country but the easy pickings seem to have run out. While their appetite remains intact, funds are faced with a shortage of good quality investible office space, and there seems to be a mad rush for what’s left. The biggest deal… Read More »
In Britain’s regions, smaller investors are securing discounted deals on commercial property as heavyweight funds put purchases on ice ahead of the referendum on EU membership. Defying an investment lull in the capital, regional property markets have been enlivened by private equity firms and other small investors taking advantage of reduced competition for office and retail… Read More »
Bengaluru witnessed highest leasing volumes of office space in Asia Pacific during the first quarter of 2016, according to a report by a property consultant. Bengaluru saw the highest leasing volumes in Asia Pacific on the back of big-ticket transactions, while Tokyo saw good pre-commitments on upcoming supply. Delhi came third on the back of healthy… Read More »
Office demand in suburban locations or secondary business districts is outpacing that in the central business districts across India’s major markets. Experts said the trend that began with Mumbai, with the shift in preference from Nariman Point to the Bandra-Kurla Complex over the past few years, has moved to other cities as well and started… Read More »
LinkedIn, a US-based professional network with over 35 million members in India, on Wednesday moved to a new office in Bengaluru. The new office with 222,000 sq feet spread across three floors can accommodate about 800 employees. The facility will house functionally diverse LinkedIn employees, including product and sales teams. Read more: Deccan Herald
Just as CNBC-TV18 reported a few months ago, the commercial real estate space in Chennai has suddenly become prime property. Chennai’s IT corridor could soon turn home to a few new names. The last three months have seen the city’s preferred realty corridor turn into a hotbed of commercial deals. It began in February when Ford India… Read More »
A slowdown in the flow of easy money to e-commerce sector has started to impact the office market in Bengaluru. Online marketplaces, which led the office market growth in the IT city, accounting for a fourth of total space leased last year, have slowed down considerably. Going by the current indications, the leasing of office space… Read More »
India’s rich investors have switched to buying commercial property in place of housing over the last 15-18 months following a tapering down of property price appreciation in the residential real estate in top Indian cities. Commercial property serves as a lucrative investment option with investors gaining from rental income as well as capital appreciation. Grade… Read More »
DLF Ltd’s much-anticipated stake sale in its rental portfolio could help India’s most valuable property developer reduce the debt on its books although analysts say its turnaround will only be complete when demand returns to the moribund residential real estate market. The stake sale aims to raise about Rs.12,000 crore with the promoters selling 40% in… Read More »
The Gurgaon administration has proposed to slash circle rates of properties by 15% this year to help revive a slumbering real estate market that is in the grip of a prolonged downturn. If the Haryana government approves the proposal, it will be the first time in recent history that Gurgaon, a premium real estate market, will… Read More »
