Strengthening business confidences resulted in net absorption of office space across the top eight cities to 34 million square feet (msf) during 2016, according to an international property consultant Cushman & Wakefield. Of the total uptake of office space, nearly 40% of the total net absorption took place in the last quarter of 2016. Bengaluru… Read More »
After renting out most of the space in its erstwhile iconic tower Air India Building here, the national carrier has now started the process to lease out around 25,500 square feet space at the Kolkata office complex.The airline, which turned operationally profitable for the first time in a decade in 2015-16 fiscal, is pursuing ways… Read More »
While Surat’s glittering diamond industry is staring at difficult times post-demonetization, the promoters of the Surat Diamond Bourse(SDB) has called out on its members to deposit their second installment between February 14 and February 28. SDB chairman Vallabh Patel, who is also the chairman of Kiran Gems, has appealed to its members that for the… Read More »
This year’s Investment Prospects survey from Urban Land Institute (ULI) and PwC shows a strong shift away from last year’s favorites, which featured core markets in Japan and Australia, in favor of emerging-market destinations. The survey also found steep declines in the popularity of gateway cities with the exception of Shanghai which has seen a… Read More »
Bengaluru based RMZ Corp, one of the leading commercial real estate developers in India, is discussing with pension and sovereign funds to raise $500 million for its expansion plans. Arshdeep Sethi, MD of RMZ Corp says that they will use the money to double their portfolio and buy office assets across major markets in India.… Read More »