After bulge bracket mall deals by Blackstone and GIC in Mumbai, global investors Canada Pension Plan Investment Board (CPPIB) and Macquarie are looking to buy malls in the country, said executives involved in the talks. “CPPIB has started talking to mall owners while Macquarie has shown interest in buying malls. All these investors prefer fixed yields.… Read More »
Major office hubs in Chennai continues to attract corporate occupies, during the first quarter of 2016, most of the demand for prime office space was driven primarily by the IT/ITeS, BFSI and insurance, engineering and manufacturing sectors, according to a recent CBRE report – India Office marketview – Q1, 2016. Read more: Economic Times
K Raheja Corp is working on plans to build two infotech parks totalling 6 million sq ft leasable space in Mumbai and Pune over the next two years. This will add to the existing portfolio of the company, which is India’s second largest developer of business parks that span completely leased 20 million sq ft office… Read More »
After investment banks, Maker Maxity, the plush office complex owned by Mukesh Ambani and Maker group in Mumbai’s famed Bandra-Kurla Complex (BKC) is also becoming home to global sovereign and pension funds. Marquee names such as Canada Pension Plan Investment Board (CPPIB), Singapore’s GIC and Qatar Investment Authority (QIA) have taken up spaces in the… Read More »
Maruti Suzuki is exploring the possibilities to set up an assembly facility in Africa and investing in real estate in India to develop sales and marketing infrastructure. “We have a team in place now for land acquisition. We have allocated Rs 800 crore for building sales and marketing infrastructure. If required, we can step this up… Read More »
CRE expert, Shubhankar Dongre (Co-Founder – Propstack) gives his views on commercial real estate market. Propstack aims to be the India’s most professional and non-conflicting Commercial Real Estate information provider. Signup For Free
Three banks which have started operations in the International Financial Services Centre (IFSC) have collectively done transactions worth $250 million, Gujarat International Finance Tec-City (GIFT) said in an emailed statement. Yes Bank, Federal Bank and ICICI Bank which have started their offshore units in this special economic zone have together issued buyers credit, foreign currency… Read More »
The year 2015 witnessed decrease in home loan interest rates coupled with various incentives being offered by developers. However, the transaction volumes in residential real estate continued to remain on the lower side across cities. Though select cities witnessed increase in enquires towards the end of the year; in general, the residential buyer was cautious.… Read More »
Private equity firm Milestone Capital Advisors plans to raise around Rs 1,000 crore under a commercial fund which would invest in pre-leased commercial assets in metros, a top company official said. Under the fund, titled Milestone Commercial Advantage Fund, the company plans to invest in assets like commercial offices, IT/ITES, industrial or warehousing and retail space.… Read More »
Net absorption of office space fell by 11 per cent in Delhi-NCR to over 7 lakh sq ft during January-March with corporates focusing on consolidation and relocation, according to a report. The net leasing of office space stood at nearly 7.96 lakh sq ft in the year-ago period. The fall was steeper at 37 per cent compared… Read More »