Ecommerce businesses have emerged as a major demand driver for warehousing in the national capital region, and demand from this segment is likely to rise 60% to 8 million by 2020, says a report by property consultancy Knight Frank India. At the end of April 2016, warehousing space requirement in the NCR was estimated to… Read More »
LinkedIn, a US-based professional network with over 35 million members in India, on Wednesday moved to a new office in Bengaluru. The new office with 222,000 sq feet spread across three floors can accommodate about 800 employees. The facility will house functionally diverse LinkedIn employees, including product and sales teams. Read more: Deccan Herald
A slowdown in the flow of easy money to e-commerce sector has started to impact the office market in Bengaluru. Online marketplaces, which led the office market growth in the IT city, accounting for a fourth of total space leased last year, have slowed down considerably. Going by the current indications, the leasing of office space… Read More »
The commercial real estate sector is witnessing increased interest from private equity funds, with several large institutions focusing on completed and leased commercial assets for investment. In 2015, private equity real estate firms deployed more than $5 billion in Indian real estate companies and projects -the highest since the financial crisis of 2008 -through 90 deals,… Read More »
In 2014, Ceejay House, located in Mumbai’s Worli area and having a gorgeous view of the Arabian Sea, had virtually no space to lease out. But in the past one year, a fourth of the building is understood to be vacant, with several tenants having moved out. At the peak of the real estate boom in… Read More »
If demand for office spaces for both consolidation and expansion of businesses is seeing consistent growth over the last few quarters, could a pickup in home sales be far behind? Office leasing saw a record level of 36 million sq ft in 2015 and leasing activity has remained strong in 2016 so far. While earlier we… Read More »
The Indore Development Authority (IDA) is planning to take possession of land near Navlakha bus stand from the Indore Municipal Corporation (IMC) in order to raise funds for its projects by leasing it out. The land near Navlakha bus stand was cleared from encroachments last year by the civic body. The IDA board members had asked… Read More »
Microsoft is scouting for 1.1 million sq ft office space in Bengaluru to consolidate and expand its business in India as part of chief executive Satya Nadella’s plans to tap into the local market and engineering talent. The American technology company has already looked at properties in Embassy GolfLinks and North Bengaluru but is yet to… Read More »
Realty firm Logix has developed a mixed-use project comprising a 6 lakh sq ft shopping mall in Noida at an investment of Rs 600 crore and expects to earn an annual rental income of about Rs 80 crore. Noida-based Logix group is also in the process of giving final exit to Bahrain-based TAIB Bank from its… 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 »