Noida Authority is auctioning commercial plots ranging from 6,046 to 64,500 sq meters on a 90-year lease. The auction, scheduled for July 11, 2017, aims to boost the real estate sector with attractive land rates.
Riddhi Siddhi group purchases 69,000 sq ft land in Bopal for Rs 268 crore, marking one of the year's largest real estate deals. The land, previously owned by Inductotherm India, is situated in a prime area connecting SP Ring Road and Ghuma.
Connaught Place in Delhi slips to the 7th most expensive office market globally, according to CBRE. Hong Kong retains the top spot in the rankings.
In 2016, Bengaluru faced a 28% deficiency in office space supply despite high demand from the IT sector and e-commerce companies. CBRE predicts a shorter supply for the year.
Bhubaneswar will soon host a World Trade Center, enhancing its smart city project with significant commercial and hotel developments in the area.
Bangalore real estate market tops private equity investment, receiving Rs 1,990 crore in the first three quarters of 2013. Other cities such as Pune and NCR also witness significant growth.
PE investments in Indian office spaces doubled in the first three quarters of 2013, despite a slow realty market. Bangalore attracted the most investments, while housing saw a decline.
Khan Market in Delhi is now India's priciest retail space, with low rental growth, lagging behind Mumbai's Linking Road, as retail demand remains stable.
Prime Mumbai properties maintain value despite falling rentals, with landmark buildings like Cadbury House and Citi Centre changing hands. Investors favor leased properties with strong track records, impacting even suburban markets.
Outsourcing giant Convergys relocates from Cyber City to Sohna Road in Gurgaon due to rent hikes
A survey indicates reduced mall vacancy in Bangalore despite anticipated new mall space, driven by increased rental activity and deferred mall projects due to construction delays and liquidity issues.
Experts predict that a decline in office space supply will pressure rental values, while corporate relocation and economic factors affect demand across major cities.
Shapoorji Pallonji Group plans to expand its IT parks by 52%, adding 2 million sq ft to its existing 5 million sq ft portfolio across India.
Over half of Mumbai's 40 malls struggle with low footfalls and high vacancy rates, impacting retailers and highlighting design flaws and brand inadequacy.
The report highlights the fluctuations in mall vacancy rates across various Indian cities, influenced by leasing activity and the supply of new retail spaces.
Hyderabad's western region is poised for a 3 million sq ft office space surge, attracting mid-size to large companies with competitive rental rates and proximity to IT and financial hubs.
DLF plans to raise ₹1000 crore by mortgaging retail assets to reduce its ₹19,508 crore debt. This involves a new Commercial Mortgage Backed Security product, attracting investors like pension funds and insurance firms.
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.
