Bangalore is emerging as a new investment hub, fueled by the IT and BPO sectors, transforming into a self-sufficient city with growth potential.
Indian real estate developers prepare to issue asset-backed bonds utilizing rental income from offices and shopping malls.
Office space availability in India's top cities plummeted by over 75% in Q2 due to high vacancy rates and weak commitments in ongoing projects, marking the lowest supply in recent quarters.
International retail brands are cautiously expanding in India due to economic uncertainties and supply constraints, focusing primarily on top cities.
Unitech Group has leased 8 lakh sq ft in its Gurgaon Tech-park SEZ to Accenture, potentially yielding ₹1,000 cr over 15 years, while exploring stake sale to Blackstone and GIC.
Sofitel, under Accor Group, plans to acquire over 10 luxury properties in India, aiming to expand its operations in major cities amidst challenges in licensing and workforce.
Xander is poised to acquire 100% stake in an IT SEZ from Shriram Group for ₹690 Cr, having signed an initial agreement. The 2.5-million sq ft tech-park mostly leased.
Mumbai's rental values dipped slightly in Q3 2023, with Lower Parel, Thane, and Navi Mumbai seeing the most leasing activity. Key business districts witnessed a decline in commercial leasing.
Embassy Property Developments plans to raise Rs 800 crore in debt for an IT park in Bangalore, starting discussions with banks and considering selling space to Blackstone.
Mumbai commercial realty outperforms NCR, offering higher investment returns, according to Knight Frank. This is attributed to favorable business conditions, talent access, and connectivity.
Cadbury India to sell Mumbai HQ for Rs.450 Cr, citing need for better facilities
Thomas Cook to monetize 32 Indian realty assets, worth up to ₹300 Cr, to reduce debt.
Weak office space demand has negatively impacted air conditioning manufacturers. A resurgence in demand, driven by IT and ITeS sectors, is expected to boost both the commercial sector and A/C sales.
According to JLL India's report, foreign retailers may delay their entry into India due to high costs and upcoming elections, impacting real estate developers and rentals.
Foreign retailers are increasingly targeting India for expansion, attracted by rising incomes and a growing population, with Mumbai and Delhi leading as top destinations.
Blackstone is reportedly interested in acquiring Express Tower in Mumbai, with potential investments totaling over ₹850 crore as it diversifies into the commercial sector.
Bharti Walmart, the Indian branch of the US retail giant, is reportedly finalizing discussions with Century Real Estate to establish its first cash & carry store in Bangalore.
CMDA approves converting vacant IT buildings in Chennai into shopping malls and office spaces, a move welcomed by developers.
House of Patels Group plans to develop a luxury residential or hotel project in India, potentially collaborating with Ritz Carlton.
Vacancy rates in Indian shopping malls are on the rise, particularly in Delhi-NCR and Mumbai. Experts attribute this to an oversupply and mismatch with demand.
Steelcase, a US-based furniture company, leased 50,000 sq. ft. of office space at IndoSpace Industrial and Logistics Park in Chakan to set up its first production unit in India.
New SEZ policies are set to significantly impact the real estate and IT sectors by enabling smaller IT parks and mixed-use developments.
Global property consultants are presenting conflicting reports on India’s office space demand, creating confusion among industry experts regarding market trends.
Oracle India signs lease for 50,000 sq. ft. office space in Bandra Kurla Complex, Mumbai, at Rs. 340/sq. ft. for 9 years, valued at Rs. 183.6 Cr.
McDonald's India plans to invest ₹265 crore to expand its presence in South and West India, aiming to reach 250 stores by March 2015.
