According to a survey by property consultancy CBRE, India remains a top expansion destination for corporate real estate occupiers, along with South East Asia and China. It also points out that cost management and employee engagement are key issues for multinational corporations today. “Asia Pacific remains a key growth market for multinational companies but the… Read More »
The proposed Oshiwara District Centre (ODC) is likely to become commercial hub in the suburbs with its real estate prices expected to rise by 25-30 per cent over the next 3-4 years, on the back of infrastructure and commercial development in the region, as mentioned in a HDFC Realty report. “ODC will be developed by Mumbai Metropolitan… Read More »
The Union Budget presented by Finance Minister Arun Jaitley on Monday has left big smile on the faces of first time home buyers by giving them an additional tax exemption of INR 50,000 for housing loans upto INR 35 lacs. Also, the removal of a tax hurdle in the way of REIT’s (Real Estate Investment… Read More »
Real Estate Investment Trusts (REITs) are likely to become a reality in India soon, with the removal of Dividend Distribution Tax. This move is expected to offer commercial developers a liquidity option and retail investors an opportunity to participate in office realty market’s growth. As of now, the dividend distribution tax (DDT) was chargeable at… Read More »
The 12-acre project in Gurgaon would be developed at a cost of Rs 1,100 crore and has a total leaseable area of 2 million sq ft. Realty major DLF has given an about Rs 800 crore contract to L&T for construction of its new office complex in Gurgaon. The construction of this office project has started and… Read More »
Milestone Capital Advisors, a realty private equity fund is working on exits worth Rs 1,000 crore in the next one year in the backdrop of a recovering commercial property market. The fund is in advanced stage of talks to exit its investments in Electronic City Tower II in Bengaluru and two warehousing projects in Dharuhera in the… Read More »
Godrej Properties in September had sold 4.35 lakh sq ft of office space at Bandra-Kurla Complex (BKC) in Mumbai for a good valuation of Rs 1,479 crore. Godrej Properties in September had sold 4.35 lakh sq ft of office space at Bandra-Kurla Complex (BKC) in Mumbai for a good valuation of Rs 1,479 crore. The… Read More »
The share of ecommerce firms taking up office space in the leading cities rose from 2% in 2014 to 6% last year, CBRE said. Currently, Bengaluru leads in rentals and leases by ecommerce companies, followed by Gurgaon and Mumbai, according to CBRE. Startup companies like Flipkart, Snapdeal have consolidated their operations into single office to… Read More »
WeWork, co-founded by Adam Neumann and Miguel McKelvey, is planning to enter India and is in talks with Bengaluru-based developer Embassy Group for a joint venture. It is valued at $15 billion recently and is a provider of shared office space to small businesses and entrepreneurs. It takes up office space from developers and landlords and then rents it… Read More »
Rents and capital values for prime offices are expected to grow more rapidly in 2016, according to the study by the Royal Institution of Chartered Surveyors (RICS), a standards setting body for the real estate and construction sectors. “Office demand for the last several quarters has been improving and is expected to continue in the… Read More »