By going ahead with various developmental activities at the cost of environment, the city has plummeted several ranks as far as executing green buildings projects over the last three to four years are concerned. Going by the figures revealed by the Indian Green Buildings Council (IGBC), Hyderabad has slipped from being third in 2014 to… Read More »
Bengaluru, which has a total stock of 96 million sq ft of grade-A (non-captive) office space, is currently staring at a shortfall in the supply of office space. Barely 4-5 per cent of the total space is vacant for leasing as the tech city has witnessed strong leasing activity in the last few years. Even… Read More »
Real Estate Investment Trust Funds (REIT) in retail sector would be savior for all the investments locked in those high costs assets, according to a cross section of stakeholders at the India Shopping Centre Forum 2016. Shopping malls, which have not gone on stream and for those which are operational but not milking attractive rental yields… Read More »
Bengaluru, which has a total stock of 96 million square feet of grade-A (non-captive) office space, is currently facing a shortfall in the supply of office space. In 2015, 14-15 million square feet got leased out. This includes a good volume of pre-committed space, which will be occupied over the next two-three years. Interestingly, the trend of… Read More »
Developers constructing luxury commercial spaces in Mumbai, the country’s most expensive real estate market, are set to cash in on a series of steps outlined in the draft Development Plan 2014-34 being prepared by the Brihanmumbai Municipal Corporation. After permitting higher FSI up to five times the plot size for certain categories of commercial buildings,… Read More »
Bengaluru is staring at a shortfall in office space this year, with demand pegged at 10 million sq ft while supply is expected to be 8-8.5 million sq ft. Barely 4-5% of Bangalore’s total stock of 96 million sq ft of grade-A non-captive office space is available on lease, according to a real estate services firm. In… Read More »
A parliamentary committee has found that out of 47 vacant land sites selected by Rail Land Development Authority (RLDA), not a single site has been commercially developed as yet. Railway Convention Committee in its latest report observed that so far 60 sites measuring about 590 hectares of land have been identified and entrusted to RLDA for… Read More »
A new survey on the average age of the most expensive office space in 10 Asia Pacific cities ranks Mumbai at number four, with most buildings in the Bandra Kurla Complex (BKC). Beijing and Shanghai have the newest office stock followed by Tokyo, Mumbai, Singapore, Delhi-NCR, Seoul, Sydney, Melbourne and Hong Kong. The survey, which compares 30… Read More »
Investment in office space this year could surpass Rs 17,000 cr in 2015 in India. Delhi-NCR and Mumbai had attracted the major chunk of this investment. The study further said India’s relatively new and inexpensive office space should be attractive to corporate occupiers. Moreover, investors should also look at India if they are looking to buy… Read More »
Prestige Estates Projects Ltd, India’s third largest real estate developer by market capitalisation after DLF Ltd and Oberoi Realty, is in the process of consolidating its office business as a precursor to fundraising by bringing in an investor or going the real estate investment trust or REIT route. “We are in the process of doing segment… Read More »