Unitech Group has leased 8 lakh sq ft in its Gurgaon Tech-park SEZ to Accenture, potentially yielding ₹1,000 cr over 15 years, while exploring stake sale to Blackstone and GIC.
Air India intends to lease Delhi real estate to government enterprises, favoring them over private companies. ONGC, LIC, and SIB have displayed interest in leasing the property.
Office space demand in India is projected to reach 30.5 million sq. ft. in 2013, a 12% year-over-year increase, driven by improving global economy, increased FDI, and revised repo rates.
JLL India partners with Everstone to manage four shopping malls across India, enhancing retailer and customer experience.
A report from REIS indicates stability in India's commercial real estate market, suggesting advantageous leasing conditions for tenants in 2010.
Sheth Developers pre-leased half of their upcoming 1 million sq ft 'Vivacity' mall in Thane, Mumbai, to retailers like Hypercity, Shopper's Stop, and Cinepolis, indicating a resurgence in commercial real estate demand.
Global economic turmoil impacts Asia Pacific property market with rising vacancy rates and declining office space leasing.
India's office space absorption dropped 41% in the first three quarters of 2008 due to the global economic slowdown, impacting office rentals.