A report from REIS indicates stability in India's commercial real estate market, suggesting advantageous leasing conditions for tenants in 2010.
Sheth Developers pre-leased half of their upcoming 1 million sq ft 'Vivacity' mall in Thane, Mumbai, to retailers like Hypercity, Shopper's Stop, and Cinepolis, indicating a resurgence in commercial real estate demand.
Commercial real estate faces dwindling demand, impacting lending. Oversupply and low occupancy rates make banks cautious, impacting developers seeking funding.
Hindustan Construction Company (HCC) announces it will divest 74% of its stake in various projects, focusing on the 247Park project in Mumbai.
India Ranks 39th in Global Retailer Preferences, Up 5 Ranks in 2 Years
Hilton International aims to expand in India by introducing more brands after its successful joint venture with DLF and recent application to the FIPB for further investments.
Integrated commercial spaces, mirroring residential complexes, are gaining traction in India, offering office spaces, hotels, and retail areas within a single development.
Global hospitality firms are increasingly interested in the Indian market, with many planning to establish hotels across various cities within the next few years.
The Indian hospitality sector is witnessing a surge in global investment, with numerous hotel chains planning expansion amid a significant demand-supply gap in accommodation.
High Net worth Individuals (HNIs) increasingly invest in commercial properties in India, despite banks' reluctance to offer loans for such purchases due to high default rates.
Oracle India's deal for 1.2-million sq ft of office space in Brigade Northstar has collapsed due to pricing differences, halting plans to move 8,000 employees.
Office rentals in India stabilized in the September quarter, with varied trends across cities. Economic improvement and corporate confidence drive demand.
Tata BlueScope Building Solutions partners with Arshiya International to supply Butler Building Systems for multiple warehousing projects in India, signaling growth in the sector.
Oberoi Hotels and Resorts is set to establish a luxurious 225-room hotel in Doha, enhancing Qatar's hospitality landscape through a partnership with Al Wa’ab City Management.
Safexpress is set to invest Rs 600 crore to establish 32 logistics parks, aiming to double its warehousing to 10 million square feet and reach Rs 1,000 crore in revenue.
RBI considers increasing risk weight on commercial real estate loans by up to 200 basis points to prevent a market bubble, potentially impacting real estate firms.
ITDC is renovating Hotels Janpath and Samrat in New Delhi. Hotel Janpath will feature in-room spas and a rooftop solarium, with an estimated investment of Rs 45 crore.
Global retail slowdown hits high-street rentals, Mumbai worst affected with 63.5% decline
Best Western India opens 13th operational property, 'Best Western Classic Avenue', a 60-room luxury hotel in Kerala, with plans to add 70 more rooms.
Mafatlal Industries plans to sell an 85,000 sq ft property in central Mumbai to revive its operations, with bidding expected to start soon.
Navi Mumbai emerges as top destination for commercial real estate investment, offering competitive prices and growth opportunities.
Delhi NCR sees a significant drop in commercial real estate rentals as businesses shift from Gurgaon to more affordable locations, impacting transportation costs.
Office rentals in Gurgaon have skyrocketed, pushing companies to relocate to other cities like Delhi and seek furnished spaces at more affordable rates.
New Delhi witnesses a 25% decline in retail rentals. The city ranked 69th globally in Q1 2023 due to decreased consumer spending and rising unemployment.
India's commercial real estate market is rebounding, driven by rising government revenues and an improving economy. This has led to increased investor inquiries and rental deals.
