Experts predict that a decline in office space supply will pressure rental values, while corporate relocation and economic factors affect demand across major cities.
CMDA approves converting vacant IT buildings in Chennai into shopping malls and office spaces, a move welcomed by developers.
Valmark Group, a Bangalore-based real estate company, is considering raising a private equity real estate (PERE) fund of ₹125 Cr focused on Bangalore's realty market.
Foreign investors shift focus to India's commercial sector due to declining home prices, with firms like Blackstone, Xander, and Morgan Stanley leading the charge.
US-based private equity firm Blackstone, along with HDFC and Embassy Realty, plans to purchase a Business Park in Bangalore for $367 million.
Indian real estate anticipates recovery from a slow 2012, fueled by retail FDI policy. Increased demand for retail spaces is expected to drive construction and boost commercial real estate.
Mumbai's real estate firms are selling smaller office spaces due to declining demand from corporates and financial institutions, turning to professionals for sales.
A new report indicates that the Indian realty sector may face an oversupply of office spaces, leading to declining rentals and increasing vacancy rates.
India's real estate market booms driven by rising upper middle class demanding better lifestyles, comfort, and amenities in residential and commercial sectors.
Noida Extension: Emerging Hub with Prime Location, Connectivity, and Affordable Housing
Commercial real estate faces dwindling demand, impacting lending. Oversupply and low occupancy rates make banks cautious, impacting developers seeking funding.
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.
Suncity Projects announces plans to develop four retail cities in India by 2011, with an investment of Rs 2,000 crore.
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.
Sistema, a Russian conglomerate, plans to invest up to $200 million in Indian commercial real estate and hospitality projects by year-end, focusing on office spaces and hotels in major metros.
Century 21 enters Indian market, plans 1,000 offices and ₹1,000 crore revenue in 5 years
BPTP secures a 95-acre commercial plot in Noida for Rs 5006 crore, signaling robust real estate activity and positioning Noida as a competitive office space alternative.