Twenty-six Special Economic Zones (SEZ) in Telangana out of the 48 such facilities notified in the State have become operational. The Development Commissioner of the Union Ministry of Commerce & Industry, based at the Visakhapatnam SEZ in Duvvada, said this urging the State government to nominate officials to participate in meetings concerning the facilities. The 26 SEZs… Read More »
Eight special economic zone (SEZ) developers and units, including Gulf Oil Corporation and Lanco Solar have sought more time from the government for implementing their projects. All these requests will be considered by the Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, on June 16. The BoA is a 19-member inter-ministerial body that deals… Read More »
Information technology major Wipro wishes to take forward a plan to revive a special economic zone (SEZ) project in West Bengal. It has approached the state government’s new minster for information technology, Bratya Basu. If Wipro’s recommendations are accepted, it could mean the software giant would come up with a third facility at Rajarhat, near this… Read More »
Ecommerce businesses have emerged as a major demand driver for warehousing in the national capital region, and demand from this segment is likely to rise 60% to 8 million by 2020, says a report by property consultancy Knight Frank India. At the end of April 2016, warehousing space requirement in the NCR was estimated to… Read More »
With an aim to make REITs more attractive to investors , markets regulator Sebi plans to relax its norms to allow these Trusts to invest more in under- construction assets and have a larger number of sponsors. The Securities and Exchange Board of India (Sebi) had put in place its regulations for Real Estate Investment… Read More »
Canada’s Brookfield Asset Management Inc. is gearing up to significantly increase its real estate investments in India, on the back of a well-performing office market, a residential sector that promises to turn around soon and huge demand for capital from developers, two people familiar with the company’s plans said. As part of the plans, Brookfield will… Read More »
Office demand in suburban locations or secondary business districts is outpacing that in the central business districts across India’s major markets. Experts said the trend that began with Mumbai, with the shift in preference from Nariman Point to the Bandra-Kurla Complex over the past few years, has moved to other cities as well and started… Read More »
Investing in commercial property is now more lucrative than residential Residential property has always been the first choice of investors wanting to capitalize on the real estate investment opportunities in India. However, after the economic slowdown in the past few years, the commercial segment is catching their fancy. Private equity investors are now buying stakes… Read More »
LinkedIn, a US-based professional network with over 35 million members in India, on Wednesday moved to a new office in Bengaluru. The new office with 222,000 sq feet spread across three floors can accommodate about 800 employees. The facility will house functionally diverse LinkedIn employees, including product and sales teams. Read more: Deccan Herald
Just as CNBC-TV18 reported a few months ago, the commercial real estate space in Chennai has suddenly become prime property. Chennai’s IT corridor could soon turn home to a few new names. The last three months have seen the city’s preferred realty corridor turn into a hotbed of commercial deals. It began in February when Ford India… Read More »