Bangalore
Chennai witnessed the highest absorption of office space at 1.32 million sq. ft in the third quarter of 2012 while Bangalore and Hyderabad witnessed an absorption of 1.25 million sq ft and 0.50 million sq ft respectively, according to a report by Cushman & Wakefield. The report said that this trend is due to the [...] Continue Reading »
DMI Finance is in the process of raising 1,000 crore to invest in the real estate sector. The company was founded by the former Citigroup employees Shivashish Chatterjee and Yuvraj C Singh. The company will target an equity and debt corpus of 500 crore each and it will target over 20% internal rate of return, [...] Continue Reading »
Developers are offering customised apartments to attract customers in Bangalore due to the slowdown in the mid-segment housing market. With the customised apartments, buyers need not spend their money on redesigning homes or making modifications. Buyers are spending 15-20% original value on renovation to their apartments even after the possession. There are several ongoing projects [...] Continue Reading »
After a slowdown in the first two quarters of 2012, India is witnessing a rise in demand for commercial rental spaces. Major cities such as Mumbai, Delhi-NCR, Bangalore, Chennai, Hyderabad, Pune, and Kolkata saw a total of 7.6 million sq ft office space absorption in the July to September as compared to 5.9 million in [...] Continue Reading »
In the third quarter of 2012, Bangalore has witnessed a fresh supply of malls of about 3,60,000 sq ft. However, retailing activities remained slow. Bangalore has been witnessing a reduced rate in the leasing activities. There has also been a scarcity fresh retail space in both malls and main streets which has led to a situation [...] Continue Reading »
Through real estate fund that focuses commercial property is suppose to raise up to Rs 500 crore in the top seven cities of India by Azure Capital. India reality fund II, will be launched by Azure Capital, that will totally focus on commercial properties across the seven cities of India. The investors will focus on [...] Continue Reading »
Puravankara Projects Ltd, a Bangalore-based real estate company, has launched a premium project. Purva Whitehall, a Rs 300-crore ultra premium segment project is located on Sarjapur main road in Bangalore. The Purva Whitehall is a four lakh square feet project comprising of 192 units, including three and four bedroom apartments ranging from 1,867 sq feet [...] Continue Reading »
Bangalore has surpassed bigger property markets such as Mumbai, Delhi and Chennai. Real estate research firm PropEquity says that the Southern city recorded a 140% growth in the quarter till June over the year-ago period. As sales in most other cities stagnated or decreased, Bangalore witnessed sale of 15.58 million sq ft of residential space [...] Continue Reading »
Shriram Properties, the Bangalore-based realty arm of Shriram Group, is reportedly close to settle a Rs 600 crore debt raised from Germany-based Hypo Real Estate Group during late 2007. Shriram Properties will settle the debt through sale of its IT SEZ in Chennai for Rs 500 crore to Singapore-based Ascendas. Hypo Real Estate Holding AG [...] Continue Reading »
Bakery and dairy products manufacturer Britannia Industries is likely to develop retail space on a six-acre plot of land in Bangalore jointly with Wadia Group‘s real estate arm, Bombay Realty. Sources say that Britannia is looking to develop retail asset and is in the process of hiring a local architectural firm to design the proposed [...] Continue Reading »
