The Real Estate Regulatory Act (RERA) cleared by the Cabinet this year seeks to bring in much-needed transparency in real estate transactions to improve home buyer confidence. Interestingly, while the ministry of housing and urban poverty alleviation has notified certain sections of the Act (states have to establish a real estate regulatory authority and appellate… Read More »
IndoSpace, a joint venture between Everstone Capital and industrial real estate firm Realterm, is in advanced stages of discussions with a clutch of marquee investors to raise funds through private real estate investment trusts (REIT). The report said that the potential gains from the REIT have attracted top global investors and that the transaction is… Read More »
The IT capital of India has only 3 per cent vacancy in office space, an all-time low, against the top seven cities in the country as strong demand from corporates sucks up space but builders are moving to pre-fabricated buildings and customised offices to stay in business. Bengaluru is followed by other IT hubs like Pune… Read More »
A global real estate facility will open its first office in India, a top company executive has said. Brookfield Global Integrated Solutions (GIS) will establish its base in the fourth quarter of this year in Mumbai. “Mumbai will be our Indian headquarter. We will have people on the ground in major cities,” Brookfield GIS executive managing director… Read More »
The consolidation among ecommerce players in India has seen companies rationalising or scrimping on large office space in cities practically halving their commercial real estate transactions. The share of the ecommerce sector has fallen by almost half in the first half of this year as compared to the same period last year. According to real estate… Read More »
Renewed confidence among institutional investors has pushed private equity flows into commercial real estate in the first half of 2016 even beyond the cumulative investments witnessed during the whole of last year. Office realty has received over Rs 3,256-crore investments from private equity funds during January to June as against Rs 3,229 crore in 2015,… Read More »
The recently cleared real estate regulatory act (RERA) will bring in transparency in real estate transactions, reducing the number of litigations in the sector, according to a survey-based report by FICCI and Grant Thornton. Respondents of the survey ‘Real Estate Regulation Act, 2016 (RERA) – Are we ready?’ also felt that the new act will… Read More »
British landlords were bracing for a drop in commercial property values due to an exodus of tenants after Britain voted to exit the European Union. While property prices fell in sympathy with the glum market sentiment, most occupants stayed put. This translated into bargains for savvy real estate companies looking to buy properties on the cheap… Read More »
Vacancy levels in Grade-A office segment in Hyderabad has dropped by 200 basis points from last year due to space take up by technology majors such as Amazon, Google, Deloitte and JP Morgan, among others, said a property consultant. “The vacancy levels dropped to 8 per cent in the first quarter of 2016 from 10 per… Read More »
The world’s largest private equity manager Blackstone’s Indian real estate joint venture Embassy Office Parks will invest $750 million, or around Rs 5,000 crore, in the next three years as technology services boost office space absorption in cities such as Bengaluru, Hyderabad, Chennai and Pune. The equal joint venture between Blackstone and property developer Embassy Group… Read More »