News articles tagged Nariman Point

Experts say iconic properties in Mumbai in demand

Prime Mumbai properties maintain value despite falling rentals, with landmark buildings like Cadbury House and Citi Centre changing hands. Investors favor leased properties with strong track records, impacting even suburban markets.

Slight dip in rental values in Mumbai in Q2

Mumbai's rental values dipped slightly in Q3 2023, with Lower Parel, Thane, and Navi Mumbai seeing the most leasing activity. Key business districts witnessed a decline in commercial leasing.

Connaught Place & BKC among the Most Expensive Office Locations

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.

Air India Cast Away Sahara’s Bid For ‘Lease –Tagged’ HQ

Sahara India's bid for a 30-year lease of Air India's Mumbai headquarters was rejected. Air India aims for shorter leases to retain control and avoid the fate of Sears Tower.

Tough Real Estate Market Blocks AI’s Monetization Plan

Air India's plan to lease vacant floors in its Nariman Point headquarters faces challenges due to tough market conditions, but the Civil Aviation Minister remains confident. The plan aims to raise funds by leasing or selling properties in Delhi and Mumbai.

Troubled Air India to Monetize its Real Estate Assets

Air India plans to monetize its real estate assets, including properties in Delhi, Mumbai, Chennai, London, and Tokyo, to address its financial challenges and raise around Rs. 5,500 crore over the next ten years.

Taxes on Nariman Point buildings hiked 10-fold

Nariman Point faces significant upheaval as the BMC increases taxes for building societies, raising rateable values by up to 10 times for several properties.

Mumbai flat got record Rs 28 crore

Mumbai Sees Rapid Residential Price Growth, Tops at Rs 97,842/sqft

Commercial properties are waiting for takers

The global economic slowdown has led to increased vacancy in prime commercial districts, including Mumbai's Nariman Point. The trend is similar in other major cities like New York and Chicago.

Mumbai Bets On A Realty Cheque

The Maharashtra government aims to sell leased land in South Mumbai, potentially raising significant revenue, despite concerns over the real estate market’s condition.