CRE expert, Shubhankar Dongre (Co-Founder – Propstack) gives his views on commercial real estate market. Propstack aims to be the India’s most professional and non-conflicting Commercial Real Estate information provider. Signup For Free
Three banks which have started operations in the International Financial Services Centre (IFSC) have collectively done transactions worth $250 million, Gujarat International Finance Tec-City (GIFT) said in an emailed statement. Yes Bank, Federal Bank and ICICI Bank which have started their offshore units in this special economic zone have together issued buyers credit, foreign currency… Read More »
The year 2015 witnessed decrease in home loan interest rates coupled with various incentives being offered by developers. However, the transaction volumes in residential real estate continued to remain on the lower side across cities. Though select cities witnessed increase in enquires towards the end of the year; in general, the residential buyer was cautious.… Read More »
Private equity firm Milestone Capital Advisors plans to raise around Rs 1,000 crore under a commercial fund which would invest in pre-leased commercial assets in metros, a top company official said. Under the fund, titled Milestone Commercial Advantage Fund, the company plans to invest in assets like commercial offices, IT/ITES, industrial or warehousing and retail space.… Read More »
Net absorption of office space fell by 11 per cent in Delhi-NCR to over 7 lakh sq ft during January-March with corporates focusing on consolidation and relocation, according to a report. The net leasing of office space stood at nearly 7.96 lakh sq ft in the year-ago period. The fall was steeper at 37 per cent compared… Read More »
Deutsche Bank analysts say the strongest growth in commercial construction is likely behind us. In a note Wednesday, Nishu Sood and team observe that various measures of on-the-ground spending are near or above 90% of the levels where they last peaked between 2002 and 2008. They point to the slowdown in the Dodge Momentum Index, which… Read More »
Equinox Realty , the real estate arm of the diversified Essar Group, plans to repay its entire Rs 1,400 crore debt over the next one year, using proceeds from the sale of two projects, one each in Bengaluru and Mumbai. But the group isn’t exiting real estate business, a top Essar executive told ET, dousing rumours… Read More »
Blackstone, with over $330 billion assets under management (AUM), has of late started lapping up retail assets in India. In December, it acquired two retail assets of Alpha One Malls in Ahmedabad and Amritsar. With this, it has invested about Rs 800 crore in about 1.2 million square feet. Now, Blackstone is close to announcing… Read More »
Office demand in the first quarter of 2016 increased by 19% to 11.7 msf (million square feet) across the top eight cities backed by high pre-commitments, as compared to the corresponding quarter last year, according to a property consultant. While the sluggish net absorption levels is marked by characteristic slow Q1 fraught by delayed decision making… Read More »
Pune saw a total office space absorption of 5.2 million sq feet in the financial year ended 31st March, 2016, with IT leading the pack with 31%. E-commerce had a much smaller share of six per cent. Probable completions are phases/ buildings of projects like the Cummins building, International Tech Park Pune (ITPP) and World Trade… Read More »