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commercial properties in Mumbai

IL&FS Milestone Fund set to invest Rs 150 crore in coming month

IL&FS Milestone Fund set to invest Rs 150 crore in coming month
IL&FS Milestone Fund, a major real estate private equity firm is all set to invest around Rs 100-150 crore by next month. As of now, the investment proposals are being evaluated and term sheets are being worked out. An official has confirmed that the said amount will be invested around April. The investment is meant to [...] Continue Reading »

Godrej announces two redevelopment projects in Mumbai

Godrej announces two redevelopment projects in Mumbai
Mumbai- City based leading realty firm Godrej Properties has signed two redevelopment agreements in two consecutive days with two private societies. On March 28, 2013, the company inked redevelopment pact with Sunder Sangam Cooperative Housing Society in Malad suburb of Mumbai. On March 29, 2013, the company signed its second redevelopment project with Sahakar Nagar [...] Continue Reading »

HUL focuses on selling properties in metros

HUL focuses on selling properties in metros
Hindustan Unilever Ltd (HUL) is now thinking of disposing of its residential properties and plots after selling/leasing out its commercial properties last year. The consumer goods giant is focusing on selling these properties basically in the metro cities which can garner revenue of Rs 100 crore. About two dozen apartments and land parcels in posh [...] Continue Reading »

Demand for housing in Bandra Kurla Complex is increasing

Demand for housing in Bandra Kurla Complex is increasing
Next to Nariman Point and Fort, Bandra-Kurla Complex (BKC) has emerged as the biggest commercial hub in the last few years. As more office complexes are coming up in the place, demand for residential properties in Mumbai also increasing in the place. For Bandra Kurla Complex a master plan has been created that consists of [...] Continue Reading »

Absorption rate of Mumbai property is low

Absorption rate of Mumbai property is low
The reality of real estate in Mumbai is covered by high prices, low rentals, no absorption, falling demand and an overheated market. The demand and absorption rate of office space in Mumbai is sluggish for a long time. Though there are few high scale of sale is happening in the office space section, the overall [...] Continue Reading »

Mumbai has11 lakh square feet of unoccupied office space

Mumbai has11 lakh square feet of unoccupied office space
It is found that there are no takers for nearly 1.1 million sq ft, or 11 lakh sq ft of ready office space in Mumbai’s commercial property market. The high vacancy in turn, has put pressure on commercial rental rates. In uncertain economic conditions companies are staying away from leasing space, which leads to the [...] Continue Reading »



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