Rising rentals in most Indian cities are making big auto companies tweak their real estate strategy and start investing in own properties — be it for the company headquarters, sales offices, or even dealerships. The country’s largest car maker Maruti Suzuki has already set up a real estate subsidiary that is looking to acquire land… Read More »
Corporates are moving towards promoting interactive and collaborative work culture, reducing the share of cubicles or individual work spaces to just about 5% today, from as high as 25% a decade ago, according to an international property consultancy. Consequently, ‘open plan seating’ in offices, which was merely about 25% of the floor plan earlier, has… Read More »
With a ready supply of skilled manpower and low rentals, Kochi is emerging as a preferred option for corporates, developers and investors looking to expand into tier 2 markets in the country, observes CBRE, an American real estate agency. According to Ram Chandnani, MD-Advisory & Transaction Serves, India, CBRE South Asia, the overall absorption of… Read More »
After building a sizeable residential portfolio, India’s largest realty firm in terms of sales, Lodha Developers Pvt. Ltd, is looking at commercial real estate for its next level of growth. The firm is planning to build around 9 million sq. ft of office space, 1 million sq. ft of retail space and a warehousing and… Read More »
Strengthening business confidences resulted in net absorption of office space across the top eight cities to 34 million square feet (msf) during 2016, according to an international property consultant Cushman & Wakefield. Of the total uptake of office space, nearly 40% of the total net absorption took place in the last quarter of 2016. Bengaluru… Read More »
After renting out most of the space in its erstwhile iconic tower Air India Building here, the national carrier has now started the process to lease out around 25,500 square feet space at the Kolkata office complex.The airline, which turned operationally profitable for the first time in a decade in 2015-16 fiscal, is pursuing ways… Read More »
While Surat’s glittering diamond industry is staring at difficult times post-demonetization, the promoters of the Surat Diamond Bourse(SDB) has called out on its members to deposit their second installment between February 14 and February 28. SDB chairman Vallabh Patel, who is also the chairman of Kiran Gems, has appealed to its members that for the… Read More »
This year’s Investment Prospects survey from Urban Land Institute (ULI) and PwC shows a strong shift away from last year’s favorites, which featured core markets in Japan and Australia, in favor of emerging-market destinations. The survey also found steep declines in the popularity of gateway cities with the exception of Shanghai which has seen a… Read More »
Realty firm Godrej Properties Ltd expects to monetise commercial properties worth about Rs 1,500 crore at Mumbai, Kolkata and Chandigarh over the next six months and reduce net debt, which now stands at Rs 3,278 crore. In September 2015, Godrej Properties had sold 4.35 lakh sq ft of office space at Bandra-Kurla Complex (BKC) in Mumbai… Read More »
2016 was year of many big announcements. From the Smart Cities mission to demonetization, there were several headline-making events that would change the face of Indian real estate in the times to come. Chennai embraced these changes and lived up to its reputation of being a city that bounces back, regardless of the odds. Chennai… Read More »