Office demand in suburban locations or secondary business districts is outpacing that in the central business districts across India’s major markets. Experts said the trend that began with Mumbai, with the shift in preference from Nariman Point to the Bandra-Kurla Complex over the past few years, has moved to other cities as well and started… Read More »
BlackRock Inc has agreed to sell a 43-storey office building in Singapore to Qatar Investment Authority, a sovereign wealth fund, for S$3.4 billion ($2.5 billion), in what the U.S. firm said was the largest-ever single-tower real estate deal in the Asia-Pacific region. Asia Square Tower 1, located in the city-state’s financial district, has over 1.25 million… Read More »
Investing in commercial property is now more lucrative than residential Residential property has always been the first choice of investors wanting to capitalize on the real estate investment opportunities in India. However, after the economic slowdown in the past few years, the commercial segment is catching their fancy. Private equity investors are now buying stakes… Read More »
LinkedIn, a US-based professional network with over 35 million members in India, on Wednesday moved to a new office in Bengaluru. The new office with 222,000 sq feet spread across three floors can accommodate about 800 employees. The facility will house functionally diverse LinkedIn employees, including product and sales teams. Read more: Deccan Herald
Just as CNBC-TV18 reported a few months ago, the commercial real estate space in Chennai has suddenly become prime property. Chennai’s IT corridor could soon turn home to a few new names. The last three months have seen the city’s preferred realty corridor turn into a hotbed of commercial deals. It began in February when Ford India… Read More »
To help the newly-introduced Infrastructure Investment Trusts (InvITs) gain further traction, markets watchdog Sebi on Wednesday proposed easing of norms for these instruments, including by reducing the mandatory sponsor holding to 10 per cent, from the current 25 per cent. The Securities and Exchange Board of India (Sebi), in 2014, had introduced InvITs — an… Read More »
A slowdown in the flow of easy money to e-commerce sector has started to impact the office market in Bengaluru. Online marketplaces, which led the office market growth in the IT city, accounting for a fourth of total space leased last year, have slowed down considerably. Going by the current indications, the leasing of office space… Read More »
India’s rich investors have switched to buying commercial property in place of housing over the last 15-18 months following a tapering down of property price appreciation in the residential real estate in top Indian cities. Commercial property serves as a lucrative investment option with investors gaining from rental income as well as capital appreciation. Grade… Read More »
In India’s largest deal so far in the commercial property space, Canada-based Brookfield Asset Management is set to acquire Hiranandani Group’s offices and retail space in Powai, Mumbai, for around $1billion, or about Rs 6,700 crore, two people familiar with the development said. Hiranandani Group, a partnership between Hiranandani brothers Niranjan and Surendra, owns 4.5… Read More »
Mumbai, the country’s financial capital, will witness a sharp drop in economic activity pertaining to the manufacturing and construction sector over the next two decades. In the city’s revised development plan, planners have projected that the stake of these two sectors in Mumbai’s overall economic chart will go down by 11 percentage points — from 31… Read More »