Recent actions by Indian regulatory bodies are bringing REITs (Real Estate Investment Trusts) closer to reality. REITs are expected to bring in a landscape change to real estate development in India – most importantly from a corporate governance perspective, enhancing greater participation from institutional players, both global and domestic. The changes will positively affect the… Read More »
Amazon, the Seattle-headquartered e-commerce giant, has signed two high-profile office space deals in India during the April to June quarter (Q1), in sync with its rush to invest in the country. Amazon founder and Chief Executive Officer Jeff Bezos recently announced an investment of $3 billion. In 2014, the company made a commitment for $2-billion… Read More »
Indian Commercial Real Estate has not been ailing in recent times, but it’s been no party either over the past seven to eight years. It’s been through a recovery cycle since the dramatic global collapse of 2008, but fortunately it has gone nowhere close to the dizzying statistics of the pre Lehman era. It’s been… Read More »
With a massive market, easily understood product, strong team and upcoming favourable regulatory change, Propstack looks ready to seize the commercial real estate opportunity in India. Co-founder Raja Seetharaman shares his thoughts on the same. Tell me about your founders and how you started? We are three co-founders with backgrounds in Commercial real estate (CRE) (Insignia,… Read More »
Top Indian cities have seen a significant rise in large office space transactions with companies across sectors expanding and consolidation operations, kindling hopes of a revival in an otherwise lacklustre real estate industry. India’s top six property markets reported 236 transactions for large office spaces — of at least 25,000 square feet and up to… Read More »
After investment banks, Maker Maxity, the plush office complex owned by Mukesh Ambani and Maker group in Mumbai’s famed Bandra-Kurla Complex (BKC) is also becoming home to global sovereign and pension funds. Marquee names such as Canada Pension Plan Investment Board (CPPIB), Singapore’s GIC and Qatar Investment Authority (QIA) have taken up spaces in the… Read More »
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
The absorption of commercial real estate including outright purchases and leasing of office space in India’s top seven markets increased to 5.8 million square feet during the first quarter of 2016, up 8% from that a year ago, according to commercial data information and analytics firm Propstack. This signals continuation of the strong revival seen… Read More »
Indian banks have been implementing technology-intensive solutions over the past few years which has helped them grow their profits, reach out to potential customers, improve cost structures and manage risks. Propstack, an Indian Commercial Real Estate (CRE) technology startup is one of the sponsors of the 8th Banking & Finance Conference on Changing Contours of Banking & India’s Growth Aspirations… Read More »
More than 750 office space leases in Mumbai are set to expire in 2016. According to PROPSTACK, a commercial real estate information and analytics company, the amount involved in the lease renewal, comprising 36 months average duration, will be around Rs 50 crore a month. Although 77% of 750 office space lease renewal are below… Read More »