Category Archives: Investment

Propstack Insights: Pune average Yields – PBD West consistently best performing market

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  Pune office rentals have been on an upswing due to limited availability coupled with steady demand for quality office space. Therefore Pune’s office average yield is increasing every year. Propstack analyzed the rent-yielding micromarkets. PBD west offers the highest yield for prime office space. *Yield mentioned is Gross Yield *Grade A office data only For more details login to office.propstack.com

Propstack Insights: India CRE Review

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Lets re-look at our past ten infographic highlights for the Indian CRE Market. IT Parks and Offices led leasing activity last year in Pune with 65% contribution in absorption.  Furnished spaces seemed to be Occupiers choice last year in Pune. 60% of the total deals in 2016 were furnished with average rentals between INR 60-70/sf/month. The… Read More »

Propstack Insights: India CRE Review

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Lets re-look at our past ten infographic highlights for the Indian CRE Market. Bangalore to witness more than 9 msf of lease expiries in 2017 Demonetization impacts Mumbai office sales negatively 10,000+ sf deals dominate Gurgaon absorption in 2016 3,000 Crores (~ $ 0.5 Bn) annual rents expiring across India in 2017 2.6 msf lease… Read More »

Blackstone, GIC top global real estate investors in India

Singapore’s sovereign wealth fund GIC Pte. Ltd and private equity firm Blackstone Group Lp have emerged as the two top global investors in India’s real estate sector after almost a decade of investing in the country. Canada’s Brookfield Asset Management Inc. is fast moving into the big league. GIC and Blackstone, which have different investment… Read More »

For its first India deal, Allianz to partner Shapoorji Pallonji; German insurer eyes $5 bn investment

Allianz partners Pallonji for its first India deal German insurer Allianz is close to striking a deal with construction player Shapoorji Pallonji for approximately $400 million (R2,670 crore), three people familiar with the development confirmed to FE, reports Priyanka Ghosh in Mumbai. Allianz is looking to invest as much as $5 billion in India’s real… Read More »

Godrej Properties invests Rs 280 crore from 2nd residential realty fund

Godrej Properties has invested Rs 280 crore across two deals in Bangalore and Thane so far from its $275 million residential real estate platform formed in association with Dutch pension fund APG Asset Management. The platform named Godrej Residential Investment Program II made its first investment by acquiring 80% of the equity share capital in… Read More »

Piramal lends Rs 2,000 cr under lease rental discounting scheme

Piramal Fund Management (PFM), financial services arm of Piramal Enterprises, has sanctioned investments worth about Rs 2,000 crore within three months of launching lease rental discounting (LRD) for completed commercial assets that include office and retail space, it said on Wednesday. Of this, it recently approved two investments under LRD against assets in Mumbai and… Read More »

Embassy Industrial Parks to invest Rs 350 crore in Pune project

Embassy Industrial Parks, a joint venture between realty developer Embassy Group and private equity firm Warburg Pincus, will invest Rs 350 crore to build a 1.1-million sq ft industrial park at Chakan, Pune. The project will mainly comprise built-to-suit factories ranging from 50,000 sq ft to 2 lakh sq ft in size, Embassy Industrial Parks’… Read More »

Propstack Insights: Mumbai Office Sales Dip Post Demonetization

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Mumbai office sale registrations contracted on a quarterly basis since the beginning of 2016 to the lowest in the last quarter. The registrations dipped to nearly 1/3rd of the Q1 levels in Q4 – the quarter of demonetization. Both no. of registrations and transaction volume dipped by 55-60% in Year-on-Year (Y-o-Y) comparisons for Q4 ’16. Even… Read More »