AIPL Masterpiece secures ₹200/sq.ft rental deal on Golf Course Road, Gurgaon, setting a new benchmark for premium office spaces and corporate demand in the region.
Noida's real estate market benefits from a 5% office rental hike and substantial infrastructure investments, promising improved connectivity and affordable housing options for residents.
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.
A report from REIS indicates stability in India's commercial real estate market, suggesting advantageous leasing conditions for tenants in 2010.
Office rentals in India stabilized in the September quarter, with varied trends across cities. Economic improvement and corporate confidence drive demand.
Office rentals in Gurgaon have skyrocketed, pushing companies to relocate to other cities like Delhi and seek furnished spaces at more affordable rates.
Office rental prices in key cities like NCR, Mumbai, and Bangalore are expected to remain stable despite increased supply, according to a recent CBRE report.
Office rentals in Gurgaon declined by 8% in Q2 2008 due to increased supply and reduced demand. The report highlights preferred locations like MG Road, Golf Course Road, and DLF Cyber City. Noida remains an attractive option for IT/ITeS companies.
BPTP Group paid Rs 1000 crore to Noida authorities as first installment for its 95-acre project, utilizing internal accruals and past PE investments. The remaining Rs 250 crore will be paid soon. BPTP outbid DLF and Omaxe for the project, facing a tight deadline due to funding challenges in the current real estate market.
Sigrun is negotiating a substantial deal with an Israeli company, focusing on residential real estate and exploring international cooperation opportunities.