Sapient, a global services company that helps clients transform in the areas of business, marketing, and technology, today inaugurated its world’s single largest premise in Bengaluru. The 4,00,000 sq. ft. area will add 3500 new workstations and take Sapient’s total India capacity close to the 10,000 mark. Rajdeep Endow, Managing Director, Sapient India said, “We are a company… Read More »
DLF Ltd, India’s largest real estate developer, has shortlisted bidders for the ongoing office stake sale transaction and expects to receive binding, updated bids in the form of shareholder agreement once the short-listed bidders complete their due diligence. The realty firm circulated the information memorandum to a number of investors across the globe in April,… Read More »
Incentives and initiatives for REIT listings are underway but what does it take for markets to absorb these initiatives, and regulator to create an eco-system conducive to REITs? After SEBI issued recent guidelines for Real Estate Investment Trusts to see the light of day, REITs have been the talk of the town. While REITs were… Read More »
DLF Ltd, India’s largest real estate developer, has shortlisted bidders for the ongoing office stake sale transaction and expects to receive binding, updated bids in the form of shareholder agreement once the short-listed bidders complete their due diligence. The realty firm circulated the information memorandum to a number of investors across the globe in April, and… Read More »
Singapore’s Temasek Holdings Pte and GIC Pte, the Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority are in advanced talks to invest in Everstone Group’s $2 billion real estate investment trust (Reit) offer, three people aware of the development said. The offering by Everstone Group’s industrial and logistics real estate development platform, IndoSpace, is… Read More »
The Real Estate Regulatory Act (RERA) cleared by the Cabinet this year seeks to bring in much-needed transparency in real estate transactions to improve home buyer confidence. Interestingly, while the ministry of housing and urban poverty alleviation has notified certain sections of the Act (states have to establish a real estate regulatory authority and appellate… Read More »
IndoSpace, a joint venture between Everstone Capital and industrial real estate firm Realterm, is in advanced stages of discussions with a clutch of marquee investors to raise funds through private real estate investment trusts (REIT). The report said that the potential gains from the REIT have attracted top global investors and that the transaction is… Read More »
The IT capital of India has only 3 per cent vacancy in office space, an all-time low, against the top seven cities in the country as strong demand from corporates sucks up space but builders are moving to pre-fabricated buildings and customised offices to stay in business. Bengaluru is followed by other IT hubs like Pune… Read More »
A global real estate facility will open its first office in India, a top company executive has said. Brookfield Global Integrated Solutions (GIS) will establish its base in the fourth quarter of this year in Mumbai. “Mumbai will be our Indian headquarter. We will have people on the ground in major cities,” Brookfield GIS executive managing director… Read More »
The consolidation among ecommerce players in India has seen companies rationalising or scrimping on large office space in cities practically halving their commercial real estate transactions. The share of the ecommerce sector has fallen by almost half in the first half of this year as compared to the same period last year. According to real estate… Read More »