Commercial real estate
NASHIK: Municipal commissioner Radhakrishna Game has directed the property tax department to proceed to issue permits against 439 property tax defaulters, who have exceptional dues of higher than Rs 50,000. The directions were provided by the Game through an up-to-date report meeting endured with the department concerned. Executives of the Nashik Municipal Corporation (NMC) [...] Continue Reading »
GURUGRAM: The Municipal Corporation of Gurgaon has ordered DLF to execute the unfinished infrastructure work in its three colonies — DLF 1, 2 and 3 — for their takeover by the organization. The left out work associated with roads and drains in these communities has hindered the method of takeover and produced difficulty to the citizens. In a strongly [...] Continue Reading »
Foreign direct investment inflows to India are expected to gain further momentum and net FDI inflows to the country could cross $30 billion mark this fiscal year driven by improved investor sentiment, a Nomura report says. According to the Japanese brokerage firm, net FDI inflows is on track to top $30 billion and this would [...] Continue Reading »
The popular theory of the economics states that if the demand for any item goes up, then the prices are corrected and normalised. Going by that theory, one would imagine that the office rents would go down with a strong bounce back in demand for space from the corporates. However Sanjay Dutt the executive managing director [...] Continue Reading »
Shubhra Tandon in Mumbai reported that the activity in large office space remained sluggish in the three months to June. The commercial real estate in Mumbai was not picking up in the period till June this year and the top six commercial real estate markets reported fewer lease transactions above 1 lakh square feet. One [...] Continue Reading »
The easing of the already built up region and the requirements of capital for real estate projects backed by FDI is probably going to start a new rush in the projects and help them bringing up closer to the city limits. Initially the real estate business was lacking behind due to no former development scheme. [...] Continue Reading »
SBI capital bought the space worth more than Rs. 70 crore from Marathon Realty through a tender process that concluded last week. This office space is for shifting the operations of SBI Cap’s broking subsidiary SBI Cap Securities Ltd (SSL) from its present location and some activities of the investment bank’s operations. The investment bank [...] Continue Reading »
After one year of its formation, the Cabinet Committee on Investment (CCI) is said to have unlocked 144 stalled infrastructure projects worth Rs 5.27 lakh crore. 253 more projects, however, with an investment of Rs 12.82 lakh crore, are still stuck for various clearances. Power, coal, steel, petroleum & natural gas, and road transport & highways sectors form [...] Continue Reading »
As per “Real Estate 2020: Building the future”, a new report from PwC Mumbai, the rapid urbanization and demographic changes, especially within emerging markets, will lead to substantial growth in the real estate investment industry over the next six years. It also said that with the growth of industry’s opportunities, the assets invested into the sector will also [...] Continue Reading »
Sohna Road, which has been witnessing development only since last decade, has now transformed into a prime destination for residential as well as commercial real estate. Sohna Road has found its place among the fastest growing stretches in the National Capital Region (NCR). With many realty biggies investing in this stretch, Sohna Road has become [...] Continue Reading »
