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.
Global property consultants are presenting conflicting reports on India’s office space demand, creating confusion among industry experts regarding market trends.
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.
Rajasthan Royals renews contract with Supertech for IPL 2013, marking the third consecutive year of partnership. Both entities express mutual benefits from the association.
Jones Lang LaSalle India predicts a 68% increase in office space absorption this year, driven by suburban expansion.
Bangalore tops PERE investments, receiving Rs.32.3 billion, doubling last year's amount, mainly in commercial sector, as per Cushman & Wakefield's report.
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.
The demand for office space in India is set to rise as foreign retailers like Starbucks and H&M expand their operations in major cities.
A sluggish real estate market has delayed multiplex construction, impacting Bollywood's revenue. Approximately 150 multiplexes are delayed, affecting potential earnings for films. More multiplexes are needed.
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.
US-based private equity firm Blackstone, along with HDFC and Embassy Realty, plans to purchase a Business Park in Bangalore for $367 million.
Blackstone anticipates a substantial profit of approximately ₹210 Cr from its joint venture with Embassy Property Developments in Bangalore, marking a significant Indian real estate investment.
Foreign investors are poised to inject $4-5 billion into the Indian real estate market, focusing on Bangalore, Delhi, and Mumbai, according to Jones Lang LaSalle.
Office space absorption in Bangalore fell by 24% in 2012 compared to 2011 due to weaker demand from the IT and ITeS sectors, impacted by the global economic slowdown.
AMP Technologies expands globally, launches India office to aid real estate investors with cloud-based asset management.
Blackstone is in final talks to acquire Bangalore's Vrindavan Tech Village for Rs.900 crore. The IT park boasts major tenants like Cisco and Nokia, with Blackstone aiming to capitalize on rental income.
Sahara India's bid for a 30-year lease of Air India's Mumbai headquarters was rejected. Air India aims for shorter leases to retain control and avoid the fate of Sears Tower.
Bangalore's Outer Ring Road (ORR) is booming as a commercial real estate hub, driven by strong IT sector demand and limited office space, according to a Jones Lang LaSalle India report.
Anil Ambani's Reliance Group partners with China's Dalian Wanda Group to develop real estate projects in Mumbai and Hyderabad, marking the first Chinese real estate investment in India.
Indian real estate anticipates recovery from a slow 2012, fueled by retail FDI policy. Increased demand for retail spaces is expected to drive construction and boost commercial real estate.
Blackstone Group LP is preparing to launch a new real estate fund targeting the Asian market, aiming to expand its commercial real estate presence in the region.
Exilion, a real estate firm, intends to purchase Nokia's headquarters in Espoo, Finland for approximately ₹1218 Crore, with Nokia leasing it back as part of cost-cutting.
Bombay Realty is showcasing its Island City Center project at the Dubai Indian Property Show. The project in Dadar, Mumbai offers luxury residences, commercial spaces, and amenities, targeting NRIs and HNIs.