Tag Archives: Vacancy

PE Funds Facing Dearth of Good Quality Office Space

Several top PE firms and other investors have bought income-producing office assets across the country but the easy pickings seem to have run out. While their appetite remains intact, funds are faced with a shortage of good quality investible office space, and there seems to be a mad rush for what’s left. The biggest deal… Read More »

Mumbai to witness sharp decline in economic activity in next 20 years

Mumbai, the country’s financial capital, will witness a sharp drop in economic activity pertaining to the manufacturing and construction sector over the next two decades. In the city’s revised development plan, planners have projected that the stake of these two sectors in Mumbai’s overall economic chart will go down by 11 percentage points — from 31… Read More »

Office space deals up 8% in Q1 2016: Propstack report

The absorption of commercial real estate including outright purchases and leasing of office space in India’s top seven markets increased to 5.8 million square feet during the first quarter of 2016, up 8% from that a year ago, according to commercial data information and analytics firm Propstack. This signals continuation of the strong revival seen… Read More »

Piramal to venture in commercial real estate in 2016-17

Piramal Fund Management Pvt. Ltd, the investment arm of Piramal Group, will start funding commercial office projects. It is one of the largest lenders and investors in residential real estate and already has a loan book and equity investments worth Rs.22,000 crore in the residential space alone, plans to deploy another Rs.5,000 crore in commercial office… Read More »