The government has successfully sold 4.8 lakh square feet of commercial space for Rs 1,905 crore in South Delhi, attracting several significant buyers.
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.
Koramangala, once overlooked, has transformed into a prime real estate hub in Bangalore, with rising rentals and limited commercial space, reflecting its growing desirability.
Mumbai's commercial real estate market faces a significant downturn, with a 68% drop in demand. Experts predict an interesting year ahead for the sector despite challenges.
Commercial real estate demand surges as recession ends, with 9.2 million sq ft leased in three months, up from 5.8 million sq ft in 2009.
Commercial real estate faces dwindling demand, impacting lending. Oversupply and low occupancy rates make banks cautious, impacting developers seeking funding.
Integrated commercial spaces, mirroring residential complexes, are gaining traction in India, offering office spaces, hotels, and retail areas within a single development.
IFCI is expanding its real estate presence, launching three serviced apartment projects and partnering with Frasers Hospitality to manage a capital property.
The Satyam scandal may negatively impact India’s real estate sector, with significant concerns centered on commercial and residential space vacancies amid IT industry challenges.
The Indian real estate sector has seen a significant slowdown, with sales dropping 30%-40% as inflation and liquidity issues strain the market.
Essar Realty Holdings has secured a bid for a Rs 500-crore five-star hotel and multiplex at Nagpur's Multimodal International Hub Airport, partnering with Accor Hospitality.
Shobha Developers to build 5,000-crore hi-tech city near Kochi with advanced infrastructure and job opportunities
India poised for decade-long 10% yearly growth, says hedge fund manager at Arabian Hotel Investment Conference