Shared office space company WeWork Cos is starting to expand with a broader real estate facilities management service, it said on Wednesday. WeWork is building on what it calls “on-site services” that began with an unnamed corporate client in Chicago that is reducing its leased space to two floors from three, said David Fano, the… Read More »
Piramal Finance Pvt. Ltd, which houses the entire financial services business of the Piramal Group, has lent Rs450 crore to a joint venture between Bengaluru-based developer Embassy Group and Hyderabad’s Phoenix Group, which is developing three special economic zones (SEZs) in Hyderabad, company executives said. The money has been given in the form of construction… Read More »
With relaxed FDI guidelines, real estate focused government initiatives and growing market, the Indian real estate holds a vast opportunity for investors seeking to invest in Indian real estate, says Cushman & Wakefield India survey. The Indian economy is expected to record GDP growth higher than China, making it the fastest in the world during… Read More »
With an aim to address grievances of buyers and to bring transparency in India’s real estate sector, the government is planning to implement RERA Act starting from May 1 this year. The upper house of Indian Parliament, Rajya Sabha had passed the Real Estate Regulation and Development Act (RERA Act) in March 2016, which is… Read More »
In what could provide a push to information technology and financial services sector in Ahmedabad, a city-based real estate company-Goyal and Company- has signed a lease deed with S&P Global Market Intelligence, a global financial intelligence provider, for office space. “As part of the deal, the local realtor will develop 3.50 lakh sq.ft of office… Read More »
Shares of Indiabulls Real Estate Ltd (IBREL) on Monday jumped 40% on Monday after the property developer revealed plans to carve out its leasing and commercial businesses into a separate entity.The IBREL board that met on Monday morning decided to create a new vertical to house the two businesses. The residential business will continue to… Read More »
Hyderabad witnessed strong office leasing during 2016, registering a 109 per cent year-on-year growth during the year, according to real estate consultancy CBRE South Asia. During the January to March 2017 quarter, the city witnessed the uptake of more than 1.3 mllion sq ft. Affordability This growth in office leasing activity, coupled with robust infrastructure… Read More »
Apr 17 Realty firm Godrej Properties has tied up with the taj group to develop a luxury hotel project in Mumbai. Godrej Properties said it has “partnered with Taj Hotels Palaces Resorts Safaris to develop a world-class Taj brand hotel at its flagship project, The Trees, at Vikhroli”. The Taj hotel will manage this property… Read More »
The Real Estate(Regulation and Development) Act will be a blessing in disguise for home buyers, including those who have still not got possession of their properties. According to the Act, every ongoing and under-construction project is supposed to come under the regulator’s ambit. To operationally cover an ongoing project, the developer has to first get… Read More »
Private equity giant Blackstone India’s REIT (Real Estate Investment Trust) listing is likely to happen in mid-2017, ahead of which the company may undertake a corporate restructuring, demarcating its office spaces from the retail assets, geography-wise. Blackstone is planning to list two separate REITs for its office assets: one with Pune-based Panchshil Realty, and the… Read More »