Commercial real estate
The global economy has slow down and the Indian IT industry is in the pain of an uplift. A pall of gloom hangs over many of India’s three million IT executives. IT workers were once easy and big spenders but because of the slow down they are ruthlessly cutting back on discretionary spending. IT professionals [...] Continue Reading »
New Delhi: Even though real estate prices have increased rapidly in the leading cities, Reserve Bank of India (RBI) governor D Subbarao opines that there is no housing price bubble building up in India. After capturing prices in nine cities, RBI has recorded in its macro-economic and monetary development report released recently that there are [...] Continue Reading »
Whitefield Bengaluru is a suburb located in East Bengaluru. The area that was once a retirement colony of Anglo-Indians is now one of the most sought after real estate destinations in Bengaluru. Whitefield also gained importance due to the proximity of Hoskote which is an upcoming industrial and automobile hub. It is located at 7-10 kms [...] Continue Reading »
Real estate developers are facing difficulty to sell office space in Mumbai because of the the poor sales and falling rentals in this segment, so a number of builders are converting their commercial projects into residential ones. Builders are also finding it easier to work on housing projects, given the self-financing ability of residential projects through [...] Continue Reading »
Honeywell Technology Solution, one of the global technology firms, is taking up a million square feet of office space in Bangalore. This is the second biggest office leasing deal in the last two years in the country after Goldman Sachs took up 1.6 million sq ft in the city a year ago. RMZ has quoted [...] Continue Reading »
The mismatch between supply and demand for retail space in the southern India is growing worse. The real estate builders continue to build malls in a saturated market and as a result, by 2014 there will be an increase in supply by 100 percent. Over the next two years, Bangalore will have 27.602 million square [...] Continue Reading »
In the last few months, the retail space in Bangalore witnessed growth with several new malls and large plots been taken over for retail space. Now retailers have been looking to expand their operations to areas where malls are coming up expecting good deals. Areas with lot of malls and outlets of MNC brands are [...] Continue Reading »
Commercial real estate sector in Koramangala has attracted large number of real estate developers and builders. Residential buildings in this area are replaced by commercial ones. Koramangala has turned into a commercial hub. From shopping malls to offices, this place is on a commercial high. In the last fiscal, the price for commercial properties has [...] Continue Reading »
The real estate sector in Bangalore witnesses demand from the retail segment with Foreign Direct Investment in retail. It is expected to see an increase demand for large format high street shops and for mall spaces in specific location across the city. FDI in retail will play an important role to bring the retail sector [...] Continue Reading »
Jones Lang LaSalle, a global property consultant is planning to make an entry in the Bangalore real estate market. According to an expert, Jones Lang LaSalle’s Segregated Funds Group, will invest about Rs 30 crore in city-centric luxury residential projects in Bangalore. Jones Lang LaSalle has identified four sites in Bangalore and is into final [...] Continue Reading »
