Office space absorption contracted 18% to 14.5 million sq ft in India’s top eight markets in the first half of 2016 compared to that a year ago, according to a report, which attributed the decline after six consecutive quarters of expansion to shortage of fresh supply. The report said there was office space shortage in Bengaluru,… Read More »
Enthused by the entry of technology majors such as Google and Apple, the demand for commercial office space in Hyderabad is expected to remain strong and could see upward momentum in 2016-17 boosting the number of leasing transactions, says a property consultant. Hyderabad is expected to see addition of nearly 16 million square feet of new… Read More »
The MMRDA will allow apartments to come up on plots reserved for commercial establishments in BKC. MMRDA is the special planning authority for BKC, which has emerged as the city’s leading commercial business district over the last decade. The area houses several important government offices and key private financial institutes like ICICI Bank and Crisil. “We have… Read More »
The plans of the TS government to set up World Trade Centre in Hyderabad along the lines of Mumbai and Bengaluru got a boost on Monday with the Centre giving in-principle approval to fund the project. With this, Hyderabad will join the global network of World Trade Centres, a hub for international businesses. It will be… Read More »
Having commenced work on its first commercial tower in the International Financial Services Centre (IFSC) within the GIFT City in Gandhinagar, realty player Hiranandani Constructions Pvt Ltd is planning to launch the same in January 2017 during the Vibrant Gujarat Summit. The group is developing a 400,000 sq ft 16 storied commercial building, in which… Read More »
Bharti Realty Limited, the real estate arm of the Prestigious Bharti Group, today announced the unveiling of its state of the art premium commercial space situated at its Pavilion Mall, Ludhiana. Pavilion Mall is located at Fountain Chowk, which is considered as the heart of Ludhiana and is among the best destination for shopping and… Read More »
Indiabulls Alternative Investments Ltd plans to raise as much as Rs.1,000 crore for a new fund from non-resident Indian (NRI) investors based in West Asia, Asia-Pacific and Europe. India Opportunities Fund, a real estate-focused, alternative investment fund (AIF), allows NRI investors, along with persons of Indian origin (PIOs) and other foreign investors, to participate in domestic… Read More »
Umpteen start-ups are coming up in India each day, which is naturally the best time for real estate to rejoice. Be it big or small, most of the start-ups do look out for office spaces sooner or later. These emerging business enterprises have immense potential and who knows how big they can grow in next to… Read More »
Financial services giant JP Morgan, US technology and consulting firm IBM and financial services company Wells Fargo are set to acquire large highend office spaces in Telangana’s capital city months after Apple, Google and Amazon chose HYDERABAD for their second-largest global development centres. Four persons from global property consultancies and Telangana government in the know of… Read More »
Steady lease rentals, high absorption levels, inadequate supply and global investor interest have breathed life into India’s commercial real estate sector, even as the country’s residential property market continues to be in a slump. Unlike the fragmented market for residential properties, a few leading developers, backed by large investors, are building Grade A (top quality) office… Read More »