Office rentals are rising in India’s top three cities as premium buildings run out of space due to rising demand and the lack of fresh supply of quality spaces. Most premium office buildings in Mumbai, Delhi and the National Capital Region (NCR), and Bengaluru are fully leased out, while a few of them have vacancies of… Read More »
To further intensify the crackdown on black money, Assocham has suggested the Centre to impress upon states to “drastically” lower stamp duty on residential and commercial property deals to dissuade people from undervaluing purchases. The industry body said that the biggest beneficiary of the move would be buyers of residential or commercial properties. “One of the… Read More »
It’s becoming hard to differentiate between an office and a café. Mumbai’s co-working spaces are a mix of work and play, with conference rooms, printers and wi-fi, but also the sweet aroma of coffee in the air, and areas for napping, showering and even indoor sports. As these co-working spaces draw a steady mix of… Read More »
New office space planned for Dublin over the next five years can accommodate more than 100,000 extra workers and any companies seeking to relocate as a result of Britain’s vote to leave the European Union, property group Savills said on Thursday. Ireland has called the prospect of Brexit the greatest economic and social challenge it has… Read More »
The start-up ecosystem in the country, which for long depended solely on angel investors and venture capitalists, has today been buoyed by a slew of initiatives, like the central government’s Startup India. Along with funding and ease of doing business, a critical factor in creating an enabling environment for entrepreneurial ventures, is an office that… Read More »
Registry and financial services provider Link Intime India has picked up nearly 60,000 sq ft office space in commercial complex 247 Park — now owned by Blackstone Group — in the Vikhroli suburb of Mumbai on lease, said two persons familiar with the development. The total lease tenure is nine years with a clause of rental… Read More »
Square Yards is opening new offices in Toronto and Vancouver in Canada. This is company’s 12th international office. The company plans to use Canada offices as a gateway to the US markets. “Using Canada as focal point, we aim to delve deep into North American markets. Economic recovery in conjunction with higher demands has made Canada,… Read More »
Banks tightened standards on commercial real estate loans during the third quarter but left lending practices for commercial and industrial loans virtually unchanged overall, according to a survey of loan officers released on Monday by the Federal Reserve. For households, some banks reported easing lending standards on mortgages eligible for purchase by government-sponsored enterprises and some… Read More »
Flipkart has decided not to take up 40% of the office space in its new campus in Embassy tech village in Bengaluru even as the country’s biggest ecommerce company looks to cut costs and reduce losses, said multiple people aware of the matter. Flipkart, which is undergoing a restructuring drive, will now take 1.2 million sq… Read More »
Burman GSC, a joint venture between the Burman Group, promoters of home-grown FMCG company Dabur, and real estate private equity fund Golden State Capital (GSC), has bought out Ascendas India’s 51% stake in SEZ OneHub, located in Gurgaon, in a deal valued at around Rs 300 crore. Sources told TOI that Ascendas wanted to exit… Read More »