In Mumbai, short-term property rentals (2-6 months) are possible but often come with higher costs due to limited availability and landlord premiums.
Elon Musk's Tesla is in talks with major real estate developers for showroom space in New Delhi and Mumbai. The company is looking to rent between 3,000 and 4,000 square feet.
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.
The MCHI-CREDAI Property Expo 2013 in Mumbai has seen a huge turnout of buyers, indicating robust interest despite market challenges, showcasing over 15,000 properties.
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.
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.
Connaught Place in New Delhi and Bandra-Kurla Complex (BKC) in Mumbai are listed among the top and most expensive office locations in the Asia-Pacific region, according to Cushman & Wakefield's annual survey.
Morgan Stanley is considering investing in a 1.6 million sq ft office space development in Mumbai's Bandra Kurla Complex, marking their first commercial sector investment in India.
Real estate experts predict a prosperous 2013, citing favorable government policies as key drivers for growth and transparency in the sector.
Air India's plan to lease vacant floors in its Nariman Point headquarters faces challenges due to tough market conditions, but the Civil Aviation Minister remains confident. The plan aims to raise funds by leasing or selling properties in Delhi and Mumbai.
Mumbai's real estate exhibition has reignited hope among builders for a festive revival despite sluggish sales and stable prices in the market.
Bandra Kurla Complex (BKC) is experiencing growth in office space with an expected 2.5 million sq ft addition. Leasing and buying activity has increased and the rent correction appears stabilized.
The global economic slowdown has led to increased vacancy in prime commercial districts, including Mumbai's Nariman Point. The trend is similar in other major cities like New York and Chicago.
Lehman Brothers invests $175 million in a Mumbai mixed-use project with Unitech and local partners. The project includes 1 million sq ft of office space, part of an 18 million sq ft master plan.
Global architects are entering the booming Indian real estate market. Renowned firms like Foster + Partners and HOK are collaborating with Indian developers on large-scale projects, signaling a new era of design and development.
Despite a real estate slowdown, land deals in India thrived in Q1 2008, reaching Rs 23,000 crore, with another Rs 10,000 crore in the pipeline.