A new survey on the average age of the most expensive office space in 10 Asia Pacific cities ranks Mumbai at number four, with most buildings in the Bandra Kurla Complex (BKC). Beijing and Shanghai have the newest office stock followed by Tokyo, Mumbai, Singapore, Delhi-NCR, Seoul, Sydney, Melbourne and Hong Kong. The survey, which compares 30… Read More »
Investment in office space this year could surpass Rs 17,000 cr in 2015 in India. Delhi-NCR and Mumbai had attracted the major chunk of this investment. The study further said India’s relatively new and inexpensive office space should be attractive to corporate occupiers. Moreover, investors should also look at India if they are looking to buy… Read More »
Starting next month, the Greater Hyderabad Municipal Corporation (GHMC) will begin enforcing the Energy Conservation Building Code (ECBC) to ensure efficient use of power. The implementation of the code will begin with the granting of permissions to 25 new buildings – both government and private commercial complexes. The move comes at a time when the GHMC… Read More »
Microsoft is scouting for 1.1 million sq ft office space in Bengaluru to consolidate and expand its business in India as part of chief executive Satya Nadella’s plans to tap into the local market and engineering talent. The American technology company has already looked at properties in Embassy GolfLinks and North Bengaluru but is yet to… Read More »
All new commercial buildings in the city with more than 1,000 sq. mts plot area or 2,000 sq. mt built area will now have to comply by Energy Conservation Building Code (ECBC), Mayor Bonthu Rammohan said after a meeting on energy conservation here on Thursday. The Greater Hyderabad Municipal Corporation would soon create a technical cell… Read More »
Indiabulls Real Estate (IBREL) on Wedneaday said the company now has a majority stake of 51.18 per cent in Singapore-listed business trust IPIT after acquisition of 2.77 crore shares by its subsidiary. The company earlier had 47.5 per cent stake in Indiabulls Properties Investment Trust (IPIT), which has a portfolio of over three million sq ft… Read More »
The Chinese delegation comprising government firms that are into construction business had visited Surat last year and claimed that they could construct this fully environment-friendly skyscraper in very short time using pre-fabricated technology. SMC officials said that they are checking the feasibility for this project on the 22,000 sq m land on the Ring Road where… Read More »
As per a recent trend, lot of corporates are finding their new offices in Delhi’s Aerocity. The 45 acres modernization plan proposed by the GMR Group led by Delhi International Airport Ltd (DIAL) for the IGI airport has brought forward Aerocity as a new commercial space for offices to be in the national capital. Read… Read More »
Bullish on the rising demand for commercial real estate, Mumbai-based developer K Raheja Corp. is planning to invest around Rs.2,000 crore in acquiring land and building 6 million sq. ft of commercial space in the next two-and-a-half years in Navi Mumbai. The company currently operates three information technology (IT) parks in Navi Mumbai under the brand… Read More »
With rising growth of ecommerce and internet-based businesses in India, the country is logging a growth rate of 25-30% for third-party or co-location data centers, which is spurring demand for real estate space for setting up these hubs in cities such as Bengaluru, Mumbai, Delhi, Chennai, Hyderabad, Pune and Jaipur. But despite the demand, property… Read More »
