Allianz partners Pallonji for its first India deal German insurer Allianz is close to striking a deal with construction player Shapoorji Pallonji for approximately $400 million (R2,670 crore), three people familiar with the development confirmed to FE, reports Priyanka Ghosh in Mumbai. Allianz is looking to invest as much as $5 billion in India’s real… Read More »
With a thriving start-up ecosystem aided by the Modi Government’s efforts to create an enabling environment for entrepreneurs across the country, demand for co-working spaces has been rising in recent times. Among the main drivers of this phenomenon are the increasing number of freelance professionals and consultants in today’s globalised workforce. Also, co-working business centres… Read More »
The city continues to witness lowest office vacancy, pan-India as compared to major cities in the country. The IT capital of India has 4% vacancy across office space in the city, said JLL India. “From these figures, it is clear that IT hubs continue to see a good supply-demand equilibrium compared to other markets in… Read More »
The Chandigarh Housing Board (CHB) on Wednesday started e-auction of commercial properties. The board has put as many as 127 commercial properties under hammer. These properties comprise booths, convenience shops, and restaurant and bay shops in Manimajra, Sector 38 (West), sectors 40, 51 and 61. Read more: The Economic Times
Commercial lease rental agreements worth Rs 3,000 crore across top seven property markets across India are likely to expire in 2017, according to Propstack, a commercial realty data information and analytics firm. The expiry of these lease agreements for around 30 million sq ft grade A office space would lead to nearly 1,600 new transactions.… Read More »
The state government has ordered cancellation of all land transactions that took place during the past two years after approval by various districts collectors. Sources said a key reform announced in 2015 and meant to benefit farmers was misinterpreted by the collectors who used it to favour builders, industrialists and various co-operative societies. In 2015,… Read More »
Homegrown private equity firm True North, formerly Indian Value Fund, has entered into a binding agreement to acquire a majority stake in Home First Finance Company (HFFC) for about $100 million (Rs 600 crore), valuing the mortgage firm at $150-175 million, said a person involved in the transaction. HFFC, promoted by former Mphasis chairman Jaithirth… Read More »
Realty firm Omaxe Ltd’s sales bookings rose marginally by 2 per cent to Rs 282 crore during the third quarter of this fiscal on higher realisation despite demand slowdown after demonetisation move. However, sales bookings in volume terms fell 28 per cent to 0.57 million sq ft during October-December period of the 2016-17 fiscal from… Read More »
Office market across the country is expected to remain persistent and is likely to maintain the same volume of transactions in coming quarters. Office markets in key cities have achieved a good base with leasing volumes moving from strength to strength in the past few years, leading to a gradual slowdown in the growth of… Read More »
Pune is emerging as a key destination for real estate investment and development. Strong leasing of commercial real estate is expected to revive Pune’s residential market, says CBRE. Anshuman Magazine, Chairman – India and South East Asia for CBRE, said, “The strong leasing activity in Pune’s office segment, coupled with current and planned infrastructure development… Read More »