Infrastructures developers such as IRB, GMR and IL&FS are keen to launch their infrastructure investment trusts after Sebi announced guidelines last week, but may hold their plans for more clarity on disclosure and accounting norms. An infrastructure investment trust (InvITs) offers an opportunity to promoters of projects to sell their stake in completed projects to the… Read More »
Indian commercial real estate offers investment opportunity worth $43 – $54 billion across the top 8 cities including Mumbai, Delhi-National Capital Region, Bengaluru and Pune through REIT-eligible ready stocks, said a report by RICS and Cushman & Wakefield. Further, it is estimated that approximately 315 million sq ft of office inventory is eligible for REIT across… Read More »
The commercial real estate sector is witnessing increased interest from private equity funds, with several large institutions focusing on completed and leased commercial assets for investment. In 2015, private equity real estate firms deployed more than $5 billion in Indian real estate companies and projects -the highest since the financial crisis of 2008 -through 90 deals,… Read More »
A survey by a real estate services firm says the average age of top-end office spaces in Mumbai and Delhi is 11 years — at par with Singapore. According to the survey, Beijing and Shanghai have the newest office stock in the Asia-Pacific region, with an average age of eight years, while Hong Kong has… Read More »
In 2014, Ceejay House, located in Mumbai’s Worli area and having a gorgeous view of the Arabian Sea, had virtually no space to lease out. But in the past one year, a fourth of the building is understood to be vacant, with several tenants having moved out. At the peak of the real estate boom in… Read More »
The commerce ministry is examining a proposal to declare an international finance centre (IFC) in Mumbai’s Bandra Kurla Centre (BKC), BJP MP and member of Maharashtra task force Poonam Mahajan said. A decision will be taken in six to eight months and India could well end up with two IFCs in neighbouring states as Maharashtra… Read More »
If demand for office spaces for both consolidation and expansion of businesses is seeing consistent growth over the last few quarters, could a pickup in home sales be far behind? Office leasing saw a record level of 36 million sq ft in 2015 and leasing activity has remained strong in 2016 so far. While earlier we… Read More »
The introduction of India’s new accounting standards Ind-AS to REITs or InvITs or their underlying special purpose vehicles, sponsors or asset management companies could have quite a significant impact on their financial statements, says a new report. Ind-AS is likely to change how sponsors and asset managers assess REITs or InvITs for consolidation as well as… Read More »
The country may soon get its very first Infrastructure Investment Trusts (InvITs), with the markets regulator Sebi approving two of the four applications received by it for setting up such entities. “We have received four applications for registration in InvITs so far. We have already cleared two of them,” Sebi chairman U K Sinha said here… Read More »
A rise in demand for office spaces in the last one year coupled with shortage of new supply in key mi cro-markets has pushed up office rentals across top markets. Rentals in Gurgaon’s rose 13% in the last one ye Cyber City area rose 13% in the last one year while those in Bengaluru’s Whitefield and… Read More »