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.
Jones Lang LaSalle plans to raise Rs.1200 Cr for investment in the commercial realty sector.
Sanofi India acquires 150,000 sq. ft. of office space in Powai, Mumbai, planning to shift their headquarters from Andheri to this new location worth Rs.220 Cr.
Office space demand in India is projected to reach 30.5 million sq. ft. in 2013, a 12% year-over-year increase, driven by improving global economy, increased FDI, and revised repo rates.
Jones Lang LaSalle India predicts a 68% increase in office space absorption this year, driven by suburban expansion.
Commercial real estate faces challenges due to a decline in office space absorption by IT firms across India's top eight cities. This slowdown impacts both demand and supply.
Commercial property investment is most lucrative in major cities with robust infrastructure, better connectivity, and higher rental appreciation compared to tier-II cities.
Foreign investors shift focus to India's commercial sector due to declining home prices, with firms like Blackstone, Xander, and Morgan Stanley leading the charge.
Godrej Properties and Jet Airways are partnering on a 1.3 million sq ft commercial project in Mumbai's Bandra Kurla Complex. The project, Godrej BKC, is expected to generate Rs. 3,500-4,000 crore.
