Tenants of commercial spaces will pay 18% GST on electricity charges bundled with rent. However, actual cost recovery by real estate owners acting as agents is exempt. Experts debate the implications.
The supply of commercial real estate in India's major Tier-1 cities increased by 7% in Q3 2023, reaching 14.61 million square feet. Hyderabad and Bengaluru led the growth.
UB Holdings in talks with Blackstone, KKR to sell commercial real estate for $123 million
Navi Mumbai emerges as top destination for commercial real estate investment, offering competitive prices and growth opportunities.
India's IT boom fuels high demand for office space, but slowdown concerns rise, impacting commercial property market, particularly in Bangalore and Hyderabad.