Category Archives: Sale

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

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

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

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 »

Dawat-e-Hadiyah is Videocon’s Fort House new owner

Fort House, the home of VideoconBSE -0.29 % Group, is getting a new owner in a deal that would turn heads: The Rs.300-crore transaction is among the biggest in South Mumbai this year, but would be towards the lower end of the rate gradient for a property of that size and in that location. Dawat-e-Hadiyah,… Read More »

Indian Express buys 15,000-sq ft office space in South Mumbai for Rs 34 cr

In a rare sale deal in South Mumbai’s prime business district of Nariman Point, The Indian Express media group has bought 15,645 sq ft of space in the Mafatlal Centre building for Rs 34 crore or Rs 21,732 a sq ft from Japanese company Mitsui & Co, according to registered documents. The deal includes four… Read More »

Propstack Insights: Mumbai Office Sales Dip Post Demonetization

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 »

Godrej to sell commercial assets in 6 month; add new projects

Realty firm Godrej Properties Ltd expects to monetise commercial properties worth about Rs 1,500 crore at Mumbai, Kolkata and Chandigarh over the next six months and reduce net debt, which now stands at Rs 3,278 crore. In September 2015, Godrej Properties had sold 4.35 lakh sq ft of office space at Bandra-Kurla Complex (BKC) in Mumbai… Read More »

RMZ to buy remaining 50% stake in Essar Group’s Equinox Business Park in Mumbai

In one of the largest real estate transactions of this year, RMZ will acquire the remaining 50 per cent stake in Essar Group’s commercial project Equinox Business Park in Bandra-Kurka Complex, Mumbai, by the end of this year. The company will pay Rs 2,400 crore for the complete buyout, which will be funded by Qatar… Read More »

RMZ Corp to buy 100% stake in Essar Group’s Equinox Business Park in BKC

In one of the largest real estate transaction of this year, RMZ Corp will acquire 100% stake in Essar Group commercial project Equinox Business Park in Mumbai’s Bandra-Kurla Complex for about Rs 2,400 crore. “RMZ already hold 50% stake in the project the remaining stake buyout will happen by the end of this year. The… Read More »

Malvinder and Shivinder Singh in talks with TPG Capital to sell 26% in Fortis

Cash strapped brothers Malvinder and Shivinder Singh are in active discussions with private equity group TPG Capital to sell a significant minority stake in Fortis Healthcare. The transaction may also see the folding back of the Singapore listed business trust into the listed Indian entity, said four sources aware of the transaction. The quantum of… Read More »