Bhubaneswar's growing IT sector, driven by new tech parks and infrastructure developments, is causing a surge in commercial real estate demand. Multinational companies' entry and government land allocation initiatives are revitalizing property markets, with strategic projects reshaping the city's economic landscape.
Ranchi's upcoming state-of-the-art IT park aims to generate 10,000+ jobs, driving demand for premium office spaces and positioning the city as eastern India’s next tech hub.
Thiruvananthapuram's Technocity IT Park expansion drives commercial real estate growth, attracting IT companies and startups, boosting demand for office spaces and related infrastructure. With 100,000+ jobs potential and cutting-edge facilities, the IT integrated township redefines Kerala's commercial property landscape.
The start of TIDEL Park’s construction in Trichy is set to energize IT-sector real estate, boosting demand for office and residential spaces while creating thousands of jobs through ₹415 crore investment.
Karnataka Deputy Chief Minister requests 750 acres of land from the Defence Minister for an IT park and manufacturing industries in Belagavi.
Indian real estate developers prepare to issue asset-backed bonds utilizing rental income from offices and shopping malls.
Xander is poised to acquire 100% stake in an IT SEZ from Shriram Group for ₹690 Cr, having signed an initial agreement. The 2.5-million sq ft tech-park mostly leased.
Private equity firms are partnering with established real estate developers to create large assets and ensure stable returns, even as overall transaction numbers decrease. This trend is expected to grow.
Embassy Property Developments plans to raise Rs 800 crore in debt for an IT park in Bangalore, starting discussions with banks and considering selling space to Blackstone.
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.
Frasers Hospitality expands into India, signing contracts for three Bangalore properties. Fraser Residence Beverly Park and Fraser Place Whitefield will open in June 2009, with Fraser Place Hosur Road slated for 2011.
Vijay Raheja has launched the Verena luxury villas in Bangalore, with plans for more developments despite market challenges post family business split.
HCC Real Estate Ltd plans major investments in land for townships and launches an 80-acre slum rehabilitation scheme, and constructs an IT park.
Rising real estate rentals are impacting retail expansion plans. Spencer Retail aims to open more stores, focusing on location due to rental costs.
Yatra Capital Ltd invests $7 million for a 40% stake in a Kolkata hotel project, emphasizing growth in the hospitality sector and aiming for diversified returns.
Binani Cement is exploring long-term cement supply contracts with developers including Raheja and Hiranandani, potentially reshaping industry standards.
SRS Group to invest ₹1,000 crore in 3 years, launch IPO by fiscal year-end. Plans include a 5-star hotel, IT park, residential complex, retail expansion, and new cinema screens.
PS Group develops $80.4 million IT park in Sri Lanka through international joint venture with technology institute
German bank SachsenFonds acquires stakes in multiple Indian realty projects from Trikona Trinity Capital for Rs 607 crore
The Munjal family, renowned for Hero Honda, is diversifying into real estate with plans for townships, industrial parks, hotels, and resorts across India. Initial investments will be family-funded, with external interest from investors and private equity.