The demand for student housing is expected to see a rapid growth in India and real estate firms should tap opportunity in this segment to beat current slowdown in the residential market, according to JLL India. The consultant advised builders to convert their under- construction housing projects into student housing, which has immense scope to… Read More »
Delhi’s Connaught Place is the world’s 9th most expensive office location with annual prime rent of USD 105.71 per sq ft, says property consultant CBRE. Mumbai’s Bandra Kurla Complex (BKC) is at 19th position while the central business district (CBD) of Nariman Point is at 30th place in the CBRE’s Global Prime Office Rents report.… Read More »
Private equity funding in Indian office assets in 2017 will surge four-fold to $3.5 billion — beating the 2014 peak, said international property consultant Cushman & Wakefield, pointing to unabated interest of global and domestic institutional investors in commercial real estate. Buoyed by stability in the commercial sector as well as potential to list under… Read More »
In 2017, nearly 11.1 million sq. ft. of office supply will be completed in Bangalore, 50% of which will be concentrated in the ORR belt with the remainder of the supply to be spread across Whitefield, North Bengaluru and Electronic City, said a recent report by Colliers international. Although the future supply pipeline looks substantial… Read More »
According to the report, coworking operators leased only 1.2 million sq ft in 2016, which accounted for 3% of the overall leasing volume. “We also foresee that the concentration of coworking space will intensify further in Bengaluru, Mumbai, and Gurugram (Gurgaon) due to the availability of adequate infrastructure and opportunities for start-ups in those cities,”… Read More »
Property developer Nitesh Estates said it will move heavily into commercial real estate with plans to set up Grade A office space of about 5 million sqft in Bengaluru in the next three years. Nitesh, which has so far focused on residential projects for the middle and high income groups, will invest about Rs 1,500… Read More »
Real estate firm Godrej Properties has entered into an agreement with Shivam Realty to develop a housing project in Mumbai. The five-acre project will have a saleable area of one million square feet. “Godrej Properties Ltd has entered into a development management agreement with Shivam Realty to develop a residential group housing project off the… Read More »
Housing and commercial infrastructure project developers have now started developing sustainable habitats. Developers such as BESTECH India, Madhya Pradesh Housing and Infrastructure Development Board, Madhya Pradesh Police Housing and Infrastructure Development Corporation, Ireo Hospitality Company, Vatika Ltd and Conscient Infrastructure have tied up for a Green Rating for Integrated Habitat Assessment (GRIHA) for the same.… Read More »
Non-banking finance company Altico Capital today said it will provide a credit line of upto Rs 300 crore to realty player Phoenix Group. “The funding, which shall be made in tranches is proposed to be used by Phoenix largely towards refinancing of some existing lenders and for construction funding across two of its projects in… Read More »
The much awaited Real Estate Investment Trust (REIT) listing is inching closer to reality and India has rent- yielding office inventory of 537 million sq ft worth over $70 billion. According to a joint report by KPMG, Naredco, Hariani & Company and Knight Frank, titled ‘REIT-able Space in India: A Closer Reality’, $121 billion or… Read More »