Tag Archives: Commercial Sales

Propstack Insights: Mumbai Office Sales Dip Post Demonetization

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 »

Godrej to sell commercial assets in 6 month; add new projects

Realty firm Godrej Properties Ltd expects to monetise commercial properties worth about Rs 1,500 crore at Mumbai, Kolkata and Chandigarh over the next six months and reduce net debt, which now stands at Rs 3,278 crore. In September 2015, Godrej Properties had sold 4.35 lakh sq ft of office space at Bandra-Kurla Complex (BKC) in Mumbai… Read More »

RMZ to buy remaining 50% stake in Essar Group’s Equinox Business Park in Mumbai

In one of the largest real estate transactions of this year, RMZ will acquire the remaining 50 per cent stake in Essar Group’s commercial project Equinox Business Park in Bandra-Kurka Complex, Mumbai, by the end of this year. The company will pay Rs 2,400 crore for the complete buyout, which will be funded by Qatar… Read More »

Commercial realty sales rose 9% in 2016

If demonetisation severely impacted the residential real estate segment in 2016 with sales dropping by 9% from 2015, the commercial real estate segment, backed by demand for office space, saw sales climbing 9% in 2016 over the previous year, according to real estate consulting firm. In a report, the property consultant said the year witnessed… Read More »

Malvinder and Shivinder Singh in talks with TPG Capital to sell 26% in Fortis

Cash strapped brothers Malvinder and Shivinder Singh are in active discussions with private equity group TPG Capital to sell a significant minority stake in Fortis Healthcare. The transaction may also see the folding back of the Singapore listed business trust into the listed Indian entity, said four sources aware of the transaction. The quantum of… Read More »

Canadian commercial real estate hits highs as Calgary gains

Canada’s commercial real estate market hit a record C$11.16 billion ($8.41 billion) in quarterly transaction volumes and is on track to reach new highs for the year, as investors’ hunt for yield and gains in the oil-producing province of Alberta bolster activity, real estate services firm CBRE Limited said on Monday. A recovery in oil… Read More »

Demonetisation and the real estate industry

To better understand the effect of demonetisation it is necessary to segregate the real estate market into primary and secondary. Primary market will constitute of the new apartments and flats that are being constructed and sold by prominent real estate developers. Secondary market involves the resale of existing residential flats, land and commercial properties. Secondary markets… Read More »

Huda to auction 17 commercial properties in Rewari & Dharuhera on November 1

Cash-strapped Haryana Urban Development Authority (Huda), which is struggling to meet its daily expenditure, is planning to auction 17 commercial properties in Rewari and Dharuhera on November 1. The auction is expected to raise around Rs 25 crore. Huda had listed several commercial properties in Gurgaon, Rewari and Dharuhera for auction in March, but had failed… Read More »

UK Sept commercial property values fall slightly: MSCI IPD index

UK commercial property values slipped in September but at a slower pace than in July and August, a closely-watched index showed, suggesting concerns about the impact of Britain’s vote to leave the European Union are easing. Overall property values for UK commercial assets fell 0.21% in September, following a 0.65% fall in August, and 2.8% fall… Read More »