Bengaluru, which has a total stock of 96 million sq ft of grade-A (non-captive) office space, is currently staring at a shortfall in the supply of office space. Barely 4-5 per cent of the total space is vacant for leasing as the tech city has witnessed strong leasing activity in the last few years. Even… Read More »
Developers constructing luxury commercial spaces in Mumbai, the country’s most expensive real estate market, are set to cash in on a series of steps outlined in the draft Development Plan 2014-34 being prepared by the Brihanmumbai Municipal Corporation. After permitting higher FSI up to five times the plot size for certain categories of commercial buildings,… Read More »
Bengaluru is staring at a shortfall in office space this year, with demand pegged at 10 million sq ft while supply is expected to be 8-8.5 million sq ft. Barely 4-5% of Bangalore’s total stock of 96 million sq ft of grade-A non-captive office space is available on lease, according to a real estate services firm. In… Read More »
A new survey on the average age of the most expensive office space in 10 Asia Pacific cities ranks Mumbai at number four, with most buildings in the Bandra Kurla Complex (BKC). Beijing and Shanghai have the newest office stock followed by Tokyo, Mumbai, Singapore, Delhi-NCR, Seoul, Sydney, Melbourne and Hong Kong. The survey, which compares 30… Read More »
Investment in office space this year could surpass Rs 17,000 cr in 2015 in India. Delhi-NCR and Mumbai had attracted the major chunk of this investment. The study further said India’s relatively new and inexpensive office space should be attractive to corporate occupiers. Moreover, investors should also look at India if they are looking to buy… Read More »
Starting next month, the Greater Hyderabad Municipal Corporation (GHMC) will begin enforcing the Energy Conservation Building Code (ECBC) to ensure efficient use of power. The implementation of the code will begin with the granting of permissions to 25 new buildings – both government and private commercial complexes. The move comes at a time when the GHMC… 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 »
All new commercial buildings in the city with more than 1,000 sq. mts plot area or 2,000 sq. mt built area will now have to comply by Energy Conservation Building Code (ECBC), Mayor Bonthu Rammohan said after a meeting on energy conservation here on Thursday. The Greater Hyderabad Municipal Corporation would soon create a technical cell… Read More »
Indiabulls Real Estate (IBREL) on Wedneaday said the company now has a majority stake of 51.18 per cent in Singapore-listed business trust IPIT after acquisition of 2.77 crore shares by its subsidiary. The company earlier had 47.5 per cent stake in Indiabulls Properties Investment Trust (IPIT), which has a portfolio of over three million sq ft… Read More »
The Chinese delegation comprising government firms that are into construction business had visited Surat last year and claimed that they could construct this fully environment-friendly skyscraper in very short time using pre-fabricated technology. SMC officials said that they are checking the feasibility for this project on the 22,000 sq m land on the Ring Road where… Read More »