With limited availability and high demand for high-quality office spaces in the city bringing about the lowest vacancy rates in three years and steadily increasing rents, Pune is facing a commercial real estate supply crunch. The market is opting for solutions ranging from converting the non-performing retail and hospitality space into offices, refurbishing of failed… Read More »
Pune’s office property supply crunch is likely to ease by 2019 as the city is expected to see supply of around 11 million sq ft until 2019-end, out of which 80% is likely to hit the market in 2018 and 2019, said property consultant JLL India. “Against the mentioned supply, the city is expected to… Read More »
Barclays Plc, Credit Suisse Group AG, Standard Chartered Plc and Citigroup Inc. are among global financial firms looking to add office space in India even as they trim their retail operations worldwide, two people aware of the matter said. Much of this space will be used to house the banks’ captive technology businesses in cities… Read More »
Hyderabad has become the new investment destination for Bengaluru’s commercial property developers at a time when the city’s real estate market is on a revival mode after almost half a decade of political turmoil. Companies such as DivyaSree Developers, Salarpuria Sattva, Embassy and RMZ Corp have built or are in the process of building a… Read More »
The city continues to witness lowest office vacancy, pan-India as compared to major cities in the country. The IT capital of India has 4% vacancy across office space in the city, said JLL India. “From these figures, it is clear that IT hubs continue to see a good supply-demand equilibrium compared to other markets in… Read More »
Office market across the country is expected to remain persistent and is likely to maintain the same volume of transactions in coming quarters. Office markets in key cities have achieved a good base with leasing volumes moving from strength to strength in the past few years, leading to a gradual slowdown in the growth of… Read More »
In one of the largest real estate transactions in Bengaluru, SAP Labs India is in the process of renting a 5,00,000 sq ft of office space in the city to consolidate and expand its business in India. “SAP Labs is looking for various growth corridors in Bengaluru. They are yet to take a decision on… Read More »
Indiabulls Asset Management Co. Ltd is launching its first commercial asset fund and plans to raise up to Rs1,500 crore from mainly domestic investors, said a fund executive. Dual Advantage Commercial Assets Fund is an alternative investment fund (AIF) and will invest in buying out office properties that generate regular stable rental income with capital… Read More »
Limited new office supply in Bangkok is expected to drive up rental prices by between 5 per cent and 9 percent this year, according to a survey by CB Richard Ellis (Thailand). CBRE’s research also anticipates that the tight office-supply situation will continue in 2018 and 2019, while the supply situation from 2020 onward will… Read More »
Work on a Dubai-owned IT park in Kerala in south India is ploughing ahead, despite the severe uncertainty and challenges that India’s IT sector is facing, according to a top executive behind the project. Development of the next phase of SmartCity Kochi, one year after its opening, is under way, with new offices due to… Read More »