The start-up ecosystem in the country, which for long depended solely on angel investors and venture capitalists, has today been buoyed by a slew of initiatives, like the central government’s Startup India. Along with funding and ease of doing business, a critical factor in creating an enabling environment for entrepreneurial ventures, is an office that… Read More »
Registry and financial services provider Link Intime India has picked up nearly 60,000 sq ft office space in commercial complex 247 Park — now owned by Blackstone Group — in the Vikhroli suburb of Mumbai on lease, said two persons familiar with the development. The total lease tenure is nine years with a clause of rental… Read More »
Square Yards is opening new offices in Toronto and Vancouver in Canada. This is company’s 12th international office. The company plans to use Canada offices as a gateway to the US markets. “Using Canada as focal point, we aim to delve deep into North American markets. Economic recovery in conjunction with higher demands has made Canada,… Read More »
Banks tightened standards on commercial real estate loans during the third quarter but left lending practices for commercial and industrial loans virtually unchanged overall, according to a survey of loan officers released on Monday by the Federal Reserve. For households, some banks reported easing lending standards on mortgages eligible for purchase by government-sponsored enterprises and some… Read More »
Flipkart has decided not to take up 40% of the office space in its new campus in Embassy tech village in Bengaluru even as the country’s biggest ecommerce company looks to cut costs and reduce losses, said multiple people aware of the matter. Flipkart, which is undergoing a restructuring drive, will now take 1.2 million sq… Read More »
Burman GSC, a joint venture between the Burman Group, promoters of home-grown FMCG company Dabur, and real estate private equity fund Golden State Capital (GSC), has bought out Ascendas India’s 51% stake in SEZ OneHub, located in Gurgaon, in a deal valued at around Rs 300 crore. Sources told TOI that Ascendas wanted to exit… Read More »
Investors across real estate segments — residential, commercial and land – are rushing into Gurgaon which saw large sales across financing and land acquisitions in excess of $1billion, double that of 2015. Last year, Gurgaon market attracted around $500 million in investments as investors were in a wait-and- watch mode towards outlook and an expected recovery.… Read More »
Private equity (PE) investments in the real estate sector increased by 22 per cent to Rs 28,300 crore in the first nine months of this year with investors’ rising interest in the office and retail assets, says property consultant. In its latest report on Private Equity investments in Real Estate (PERE), C&W said that “the… Read More »
Saudi Arabia’s stock market on Tuesday said it plans to list “multiple” exchange-listed real estate funds before the end of the year. The Tadawul’s statement follows regulations passed by the Capital Market Authority last month which paved the way for “real estate investment traded funds”. These would invest in residential, commercial, industrial, and agricultural real estate,… Read More »
At just over 0.09 million sq ft, overall transaction volume in office space was unable to pick up in Kolkata this quarter as well said a recent report. Lease activity was driven by assortment of industries including Technology firms which shared about 33% of the absorption pie while, Engineering firms came in next at 25% share.… Read More »