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Commercial Property

Dehradun civic body fines over 10 commercial property owners

Dehradun civic body fines over 10 commercial property owners
  DEHRADUN: The Dehradun Municipal Corporation (DMC) has inflicted huge penalties on 15 commercial properties for disrupting the self-assessment procurement while repaying their property tax. A DMC team conveyed a casual investigation to confirm the authenticity of the area square meters sent by 50 leading commercial properties of Dehradun. During the verification procedure, the DMC team found that 15 of [...] Continue Reading »

Demand for commercial property surges- Infinity Technology Park is sold for Rs 650 Crore

Demand for commercial property surges- Infinity Technology Park is sold for Rs 650 Crore
The demand to buy or take on lease commercial establishments was running low in the beginning of the calendar year. However looks like that the good days for the commercial real estate sector are not far away. The inside story makes it clear that Global financial services firm Xander Group Inc. is buying Infinity Technology [...] Continue Reading »

Commercial Property Rentals to Rise in the Coming Quarters

Commercial Property Rentals to Rise in the Coming Quarters
Rising property demand and improving economic environment are set to hike the rents across commercial real estate including office and retail segments over the next few quarters. Managing Director of RICS, South Asia, Sachin Sandhir said the market is showing positive signs. It’s the first time since 2011 that occupier demand has overtaken the availability. [...] Continue Reading »

Office space witnessing huge bets

Office space witnessing huge bets
If you are looking to purchase commercial space than, this good time to look at commercial spaces which are on top in most markets. After the financial crisis of 2008, prices in markets such as Mumbai plunge 30 percent. Currently the demand is increasing little up and the economy reviving because of which investors can [...] Continue Reading »

Realty worsens in last 6 months; stakeholders hopeful

Realty worsens in last 6 months; stakeholders hopeful
In one of the first real estate sentiment indices, Industry body FICCI and residential and commercial property consultancy, Knight Frank India have concluded an overall negative sentiment for realty across all zones including the National Capital Region (NCR) and Mumbai Metropolitan Region (MMR). The index further cited that the mood have got worse than what it was in the last [...] Continue Reading »

Godrej jointly ventures in Pune real estate

Godrej jointly ventures in Pune real estate
Godrej Properties, one of the renowned names in Mumbai real estate, has jointly ventured in a project in Undri, Pune. The group is planning to develop a 1.5 million sq. ft residential project in Pune. On April 1, 2013, the company entered into a new joint venture project in Undri, Pune. The project site spreads over 31 acres [...] Continue Reading »

Commercial property launched in Mumbai by Godrej Properties

Commercial property launched in Mumbai by Godrej Properties
Godrej Properties, one of the renowned names in Mumbai real estate, has launched its commercial project in Bandra Kurla Complex (BKC) recently. The project spread over 1.3 million square feet is expected to garner around Rs 3,500-Rs 4,000 crore. The project called Godrej BKC is being developed under a joint development pact with Jet Airways. [...] Continue Reading »

Patel Nagar realty profitable to investors though sales fall

Patel Nagar realty profitable to investors though sales fall
Ghaziabad- The real estate scenario of Patel Nagar seems to be contradictious as the properties, mainly after the metro coming up, are gradually witnessing value appreciation while the number of property transactions are not increasing. It has to be noted that though there is no scarcity of land to develop residential projects in Patel Nagar, [...] Continue Reading »

Connaught Place: 4th most expensive office location in world

Connaught Place: 4th most expensive office location in world
Cushman and Wakefield, property consultant, has declared that Connaught Place is the 4th most expensive office locations in the world. It is located in Delhi and well renowned companies are ready to invest in this area. Whereas, in 2011 it was ranked as 5th in the list but the  survey of C&W states that the [...] Continue Reading »

Noida, Gurgaon to be next commercial and IT hub

Noida, Gurgaon to be next commercial and IT hub
Delhi NCR is not only rising in residential projects but it has emerged as a hot property place for IT and IT-enabled services industry with many large companies setting up their businesses here. Noida and Gurgaon are becoming the hot and preferred destination for companies like IT’s, BPO, BTO and KPO services in various domains [...] Continue Reading »



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