Total no. of transactions decreased Y-o-Y in 2016. However, no. of 10,000+ sf transactions increased. This led to in 24% increase in total absorption Y-o-Y; majorly contributed by 10,000 + sf deals in 2016. *Grade A data only
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 »
Rising rentals in most Indian cities are making big auto companies tweak their real estate strategy and start investing in own properties — be it for the company headquarters, sales offices, or even dealerships. The country’s largest car maker Maruti Suzuki has already set up a real estate subsidiary that is looking to acquire land… Read More »
To expand its storage capacity in India, Amazon had opened its largest Fulfilment Centre in Sonipat, Haryana. US-based e-commerce giant Amazon took about a million square feet of office spaces on lease last year, making it equal to what it took between 2008 and 2015 in the country. Founder and chief executive Jeff Bezos said last… Read More »
Commercial realty data information and analytics firm, Propstack has joined the Massachusetts Institute of Technology’s (MIT) Centre for Real Estate as an industry partner to explore new data technologies with the potential to transform the organization of cities and built environment. Propstack is the first Indian company to join the MIT/CRE as an industry partner.… Read More »
We are delighted to announce that Propstack has been chosen to represent Asia Pacific in the MIPIM Proptech summit at New York in Oct 2016. Reed MIDEM and MetaProp NYC have partnered to present the MIPIM PROPTECH SUMMIT, the premier real estate technology event in North America. This summit will convene the leading real estate… Read More »
Software services exporter Tata Consultancy Services (TCS) is close to leasing 780,000 sq ft of office space in IG3 Infra’s Chennai One IT SEZ for 10 years, said two people in the know of the development. TCS will pay a rental of Rs 50 per sq ft per month, taking the total annual payout to… Read More »
IT and ITeS sectors seem to be losing their dominance in office space takeup, with banking, financial services and insurance (BFSI) emerging as a new star. Share of IT/ITeS sector in total office space absorption across major cities reduced to just 24% in the first half of 2016, from 36% in the same period of… Read More »
Propstack is delighted to announce that Brandon Sedloff has joined the Board of Advisors this week. Brandon is the Managing Director/ Head of Business Development at Juniper Square, a San Francisco-based technology company that provides fundraising, investor reporting, and investment management software to real estate managers. Brandon has over 15 years of experience in the commercial… Read More »
Incentives and initiatives for REIT listings are underway but what does it take for markets to absorb these initiatives, and regulator to create an eco-system conducive to REITs? After SEBI issued recent guidelines for Real Estate Investment Trusts to see the light of day, REITs have been the talk of the town. While REITs were… Read More »