Global investment giant Blackstone Group is poised to acquire Kolkata’s South City Mall in a record ₹3,480 crore ($400 million) deal, marking eastern India’s largest mall transaction and signaling heightened investor interest in Kolkata’s retail real estate market. The acquisition will expand Blackstone-led Nexus Select Trust’s portfolio, reflecting confidence in India’s commercial property...
Noida Expressway, a dynamic commercial real estate corridor, benefits from infrastructure development and excellent connectivity. Retail space is expected to increase by 2028.
TCG Real Estate secures Rs 714 crore funding from SBI for World Trade Center project in Gurgaon, with a leasable area of 1 million square feet.
Migsun Group is investing ₹426 crore in a mixed-use project in Lucknow, featuring studio apartments and retail spaces. The project, approved by RERA, targets both investors and end-users.
The report highlights the fluctuations in mall vacancy rates across various Indian cities, influenced by leasing activity and the supply of new retail spaces.
According to JLL India's report, foreign retailers may delay their entry into India due to high costs and upcoming elections, impacting real estate developers and rentals.
Vacancy rates in Indian shopping malls are on the rise, particularly in Delhi-NCR and Mumbai. Experts attribute this to an oversupply and mismatch with demand.
In 2011, demand for office and retail space in Bangalore showed robust growth, with a significant contribution from the IT and ITES sectors. Experts predict an even higher demand for office space in 2012.
Jaipur Tourism City, a 400-acre mixed-use destination resort, promises to be India's first vacation city featuring retail, hotels, attractions, and residential spaces.
Texas Pacific Group Capital acquires 15% stake in Shriram Properties for INR 450 crore, valuing the firm at over INR 2,700 crore.
Commercial real estate demand surges as recession ends, with 9.2 million sq ft leased in three months, up from 5.8 million sq ft in 2009.
Provogue India ventures into real estate with a 300,000 sq. ft. project in Aurangabad, combining residential and mall spaces. This move mirrors similar ventures by other textile companies.
Integrated commercial spaces, mirroring residential complexes, are gaining traction in India, offering office spaces, hotels, and retail areas within a single development.
Retail space development in India lagged by 54% in 2008, with only 34 of 74 planned malls delivered. High vacancy rates and economic slowdown contributed to developers deferring projects.
16 new malls are set to open in the tricity within a year, despite existing malls like Uppal’s Centra Mall and DT Mall struggling with low footfalls beyond cinema visitors.
India's real estate market, with its high rental yields, attracts investments despite limitations. Real Estate Investment Trusts (REITs) could address these issues, providing access to capital and an exit route for developers.
Assocham projects $21 billion FDI surge in Indian real estate over next 10 years, driven by high expected returns and anticipated regulatory changes.
Alpha G:Corp signs JV for Alpha One mega project in Amritsar, investing ₹270cr in Phase 1
Vaishnavi Infrastructures secures $25 million from Actis for its Bangalore project, comprising 925,000 sq ft of residential and retail space. This marks Actis India Real Estate Fund's first investment.
Videocon Group acquired Lotus Society in Ahmedabad for Rs 30 crore to build a commercial complex and five-star hotel, capitalizing on the Sabarmati riverfront project.
By 2015, airport modernization aims to add 78 million square feet of real estate, boosting non-aeronautical revenues significantly, especially in retail and office spaces.
New airports in India will become business hubs with office, hospitality, and retail spaces, boosting real estate and attracting MNCs.
Phoenix Mills is poised to finalize the acquisition of three plots for mall developments in Ahmedabad, Hyderabad, and Nashik for approximately eight billion rupees.
Land deals in prime metro city locations see decreasing prices, with Parsvnath's recent Connaught Place acquisition marking a 17% discount per acre compared to last year's rates.
Developers in India are projected to invest $5 - 10 billion in retail space, with several major projects announced in Mumbai, Hyderabad, and Bhopal.