Cadbury India to sell Mumbai HQ for Rs.450 Cr, citing need for better facilities
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.
Actis to exit $25m PERE fund in India, invested in Bangalore's residential & retail project in 2008.
Global property consultants are presenting conflicting reports on India’s office space demand, creating confusion among industry experts regarding market trends.
Bangalore tops PERE investments, receiving Rs.32.3 billion, doubling last year's amount, mainly in commercial sector, as per Cushman & Wakefield's report.
India holds the 20th position in global real estate investment, with $3.4 billion received last year, signaling potential growth in 2013.
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.
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.
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.
Mahanagar Telephone Nigam Limited (MTNL) plans to raise Rs.5000 Cr by divesting real estate assets in Delhi and Mumbai, enlisting global consultancy DTZ for support.
Cushman & Wakefield reported a 16% decline in new home launches across India's top eight cities in 2012, with the majority of launches targeting the middle-income segment.
Pune's luxury housing market shows promising growth with increased sales, contrasting sluggish trends in other cities despite economic challenges.
Mumbai's real estate firms are selling smaller office spaces due to declining demand from corporates and financial institutions, turning to professionals for sales.
Koramangala, once overlooked, has transformed into a prime real estate hub in Bangalore, with rising rentals and limited commercial space, reflecting its growing desirability.
The RBI's decision to cut key lending rates by 50 basis points is seen as a significant boost for the real estate sector, benefiting both developers and home loan customers.
Real estate brokers are underwriting new projects for developers facing a cash crunch in major metros, impacting sales figures and market stability.
Noida-Greater Noida Expressway to become a major hotel hub with 2,500 new rooms. Major brands like Marriott, Hyatt, and Oberoi are showing interest due to land availability and mixed-use projects.