Propsense Q2 2017 Released Gross Absorption was 13.5 msf spread across 430 msf of total stock across the top 7 Indian cities. Cumulative Vacancy for these cities was 11.9% during end of the quarter. To know more about major deals, transacted rates, net absorption and micromarket level statistics for the top 7 cities login to… Read More »
With the demand for office space increasing, the average commercial real estate supply in top Indian cities is expected to be at 40-45 million sq ft per year until 2020, says a new report. The report, ‘Commercial Office Real Estate: Positive Disruptions- Beacons of Change’, was released here on Thursday by Cushman & Wakefield. It… Read More »
Mori Building Company, one of Japan’s largest real estate developers, is planning to enter India this year, two people close to the development told ET. The $2.25-billion Tokyo-based property investment firm is planning to develop and manage commercial properties in India and could even tie up with a domestic player. “Mori had conducted a market… Read More »
High hopes are pinned on Real Estate Regulation Act (RERA) as it is yet to be implemented in West Bengal. However, several consumers, who have been facing problems in getting the possession of their property feel that they will soon see better opportunities. Anshu Ruia (34) had put in his hard-earned money into DLF Galleria… Read More »
The realty-focused investment unit of global private equity firm KKR & Co. LP invested about Rs1,000 crore in three real estate projects last month, two people aware of the investment said. KKR India Asset Finance Pvt. Ltd invested about Rs500 crore in a township project of Bhartiya City Developers Pvt. Ltd in Bengaluru, Rs200 crore… Read More »
Global construction company Leighton has bagged a Rs 500 crore contract to develop realty firm Vipul Ltd’s luxury housing project in Gurugram. Vipul Ltd is developing 370 units, comprising 1 million sq ft of built up area, in the first phase of this 20-acre project. “We have awarded a Rs 500 crore contract to Leighton… Read More »
Emerging markets investor Xander Group has acquired the technology special economic zone (SEZ) of the diversified Shriram Group in Chennai for Rs 2,290 crore, or $350 million. Shriram Properties and real estate investor SUN Apollo had put Shriram Gateway, a 4.6-million-sqft integrated development on sale, which had attracted interests from GIC of Singapore and Asian… Read More »
The real estate sector in India is expected to attract an investment of around $7 billion in 2017, while the figure is expected to touch $10 billion by 2020, according to CBRE South Asia. Anshuman Magazine, Chairman, India and South East Asia, CBRE said, “With 2016 being the year of landmark decisions for the Indian… Read More »
Gurgaon-based TOP Technologies, the parent firm of coworking platform The Office Pass, has raised $245,000 (Rs 1.5 crore) in a seed funding round led by Arun Tadanki, former managing director of Yahoo India & Southeast Asia. The funds will be deployed in enhancing the platform and hiring technology and product talent. “We aspire to connect… Read More »
Spaces, an Amsterdam-born co-working space provider, has launched its first shared-space in Cyber City, Gurgaon. Spaces along with five other brands i.e. Regus, Signature, Open Offices, Kora and MOS are the subsidiary of IWG, a global workplace provider headquartered in Brussels. The 30,000 sq ft of co-working space in Gurgaon has 430 seats capacity. The… Read More »