Private equity group Blackstone; a consortium of sovereign funds of Abu Dhabi, Qatar together with Kotak Realty Fund; and GIC of Singapore are the final three shortlisted candidates in race to pick up the entire 40% stake held by DLF promoters in the office rental arm -DLF Cyber City Developers Limited (DCCDL). The three have submitted… Read More »
The number of Ultra High Networth Households (UHNH) in India increased 7% to around 146,600 in FY16, according to the latest report Top of the Pyramid by Kotak Wealth Management. These households represent an accumulated net worth of Rs 135 lakh crore, a growth of 5% over last year and 18% compounded growth over the… Read More »
Office rentals have been on an upswing with the average rents going up by 8 per cent year-on-year (YoY) in first half of 2016. NCR, Pune and Bengaluru are cities that led the rally with rents moving up in the range of 10-14 per cent year-on-year during the same period, according to a property consultancy.… Read More »
Apple has agreed to lease more than 40,000 square feet of office space in Bengaluru, where the US-based iPhone maker intends to set up a development centre, three people familiar with the matter said. The new facility is at Galleria, a 3 lakh sqft office space that belongs to Standard Brick Tile Company in North Bengaluru.… Read More »
The office space crunch in the country’s tech capital has prompted a top developer to acquire an upcoming luxury hotel project to expand its business park. RMZ Corp is acquiring, in what would have been, Bengaluru’s second Shangri-La hotel for little over $100 million (Rs 700 crore) to build an additional 2.5 million sqft office… Read More »
It’s a new wave of investment that’s sweeping Hyderabad’s iPad-toting Gen Y populace off its feet these days. With a ‘savings’ deposit of Rs 10 lakh to Rs 12 lakh tucked neatly away in their accounts, this dividend-driven clan is giving a miss to the latest Honda ‘hot wheels’ to instead park their moolah in… Read More »
Office leasing activity in Manhattan remains strong but tell-tale signs – such as rising landlord concessions and companies that renew contracts rather than take new space – indicate a market in correction. The Manhattan office market provides a snapshot into the economic health of New York and offers an indication of future business activity. The commercial real… Read More »
While commercial real estate continues to record healthy pick-up, investors are still approaching the segment with caution. Private equity players and other investors believe that the euphoria around current growth may also lead to certain investment mistakes as was the case in the previous cycle between 2005 and 2008. In the past three years, about $1.6… Read More »
India’s real estate is back on the radar of global investors and institutions with the country emerging as the other significant investment option in the wake of China slowing down, said Henry Chin, head of research for Asia Pacific at property advisory firm CBRE. “The Modi government has played the role of a very good catalyst… Read More »
With an aim to make REITs more attractive to investors and real estate players, regulator Sebi on Monday proposed relaxed norms for related party transactions and allowed these Trusts to invest more in under-construction assets. Sebi also proposed removal of restrictions on REITs (Real Estate Investment Trusts) relating to investment in special purpose vehicle (SPV)… Read More »