It’s a new wave of investment that’s sweeping Hyderabad’s iPad-toting Gen Y populace off its feet these days. With a ‘savings’ deposit of Rs 10 lakh to Rs 12 lakh tucked neatly away in their accounts, this dividend-driven clan is giving a miss to the latest Honda ‘hot wheels’ to instead park their moolah in… Read More »
Office leasing activity in Manhattan remains strong but tell-tale signs – such as rising landlord concessions and companies that renew contracts rather than take new space – indicate a market in correction. The Manhattan office market provides a snapshot into the economic health of New York and offers an indication of future business activity. The commercial real… Read More »
While commercial real estate continues to record healthy pick-up, investors are still approaching the segment with caution. Private equity players and other investors believe that the euphoria around current growth may also lead to certain investment mistakes as was the case in the previous cycle between 2005 and 2008. In the past three years, about $1.6… Read More »
India’s real estate is back on the radar of global investors and institutions with the country emerging as the other significant investment option in the wake of China slowing down, said Henry Chin, head of research for Asia Pacific at property advisory firm CBRE. “The Modi government has played the role of a very good catalyst… Read More »
With an aim to make REITs more attractive to investors and real estate players, regulator Sebi on Monday proposed relaxed norms for related party transactions and allowed these Trusts to invest more in under-construction assets. Sebi also proposed removal of restrictions on REITs (Real Estate Investment Trusts) relating to investment in special purpose vehicle (SPV)… Read More »
India’s only global Financial and IT hub, Gujarat International Finance Tec-City (GIFT City), is attracting interest from domestic and global IT & ITeS companies to set up operations there. More than 500 employees are working in some of the leading institutions that have already begun operations in GIFT domestic zone as well as in GIFT’s… Read More »
Realty firm Elan group has bought 7 acres of land in Gurgaon from Essel group’s Suncity Projects for about Rs 120 crore to develop a commercial project. The company will invest another about Rs 400 crore on construction of this mixed-use commercial project comprising a total developable area of 1.3 million sq ft. “We have purchased 7… Read More »
Real estate firm Raheja Universal Ltd is looking to sell land parcels, totaling over 600 acres located outside the Mumbai Metropolitan Region (MMR), to fund its forthcoming projects as it focuses its business in Mumbai and its suburbs. MMR refers to the region in Maharashtra consisting of Mumbai and its neighbouring towns, including Thane, Navi Mumbai… Read More »
Brookfield, the Canadian asset manager could invest over $2 billion in India over the next 2-3 years to buyout upscale offices and commercial towers, stranded roads, power and utilities infrastructure as it aims to double its existing asset base in the country. Fresh from raising $14 billion to invest in infrastructure, believed to be the largest… Read More »
Even in the backdrop of global slowdown concerns, nearly 10.4 million sq ft of office space was absorbed in the country during April-June, backed by demand from sectors like IT, BFSI and manufacturing, a report said. According to a report, nearly 10.4 million sq ft of office space was absorbed during second quarter of 2016, registering… Read More »