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.
New Delhi to see over 2.5 million sq. ft. of new commercial real estate in the coming quarters. Redevelopment of New Delhi Railway Station is also underway.
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.
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.
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.
Parsvnath Developers is selling its prime 1.18-acre land near Connaught Place, with potential buyers including Sahara Group and ICICI Bank aiming for a deal worth Rs 700 crore.
Parsvnath Developers is in talks with Sahara Group and ICICI Bank to sell its 1.18-acre plot near Connaught Place, aiming to reduce its Rs 1,300 crore debt.
The Income Tax Department has significantly expanded its real estate holdings, acquiring properties worth ₹2,500 crore across over 20 cities to enhance taxpayer services.
Office rentals in India stabilized in the September quarter, with varied trends across cities. Economic improvement and corporate confidence drive demand.
Land deals in prime metro city locations see decreasing prices, with Parsvnath's recent Connaught Place acquisition marking a 17% discount per acre compared to last year's rates.