Commercial real estate
Mangalore- Builders are provided huge opportunities as a large number of commercial buildings are emerging in the outskirts of Mangalore. Earlier, malls were only situated in city’s major centres like Hampanakatta, MG Road and Bejai. But very soon within 18- 24 months commercial centres will emerge on the city’s outskirts such as Kulshekar, Pandeshwar and Derlakatte. [...] Continue Reading »
Real estate players have been provided with significant opportunities as the education sector lacks physical infrastructure. The quantity of physical infrastructure and real estate development required is as huge that education institution operators or government cannot achieve it alone. There are around 25,000 colleges and 460 universities in our country with over 144 million customers in education [...] Continue Reading »
To increase the redevelopment work of the damaged buildings, the BMC has come up with an improved market policy to make it productive for developers. The Brihanmumbai Municipal Corporation (BMC) will certainly levy less quality on the sale component of the project and for fungible FSI the estate department will not charge anything. The development plan department will charge [...] Continue Reading »
The Bhopal Municipal Corporation (BMC) has send notice to the owners of dilapidated buildings to demolish or reconstruct them as it poses risk to life of consumers, residents and shopkeepers. However, no actions have been taken regarding this from owners side yet. The BMC has marked around 217 buildings which are in bad shape and [...] Continue Reading »
Starwood Hotels & Resorts, the owner of luxury hospitality brands Westin, Le Meridien, St Regis and W is planning to construct a hotel in Mumbai. Negotiations are on and the group is planning to conclude at least one deal for a luxury hotel management in central Mumbai and one in south Mumbai within few months. [...] Continue Reading »
Jumeirah Group, a Dubai based hospitality company signed a deal for luxury hotel at Lower Parel in central Mumbai. Jumeirah is the operator of Dubai’s seven-star hotel Burj Al Arab. The hotel in Mumbai will be operational by 2017 and will offer 470 luxurious rooms, service apartments and suites, as well as wide variety of [...] Continue Reading »
It is found that many developers in National Capital Region (NCR) and Mumbai have cut down property prices by around 15 percent, as demand and rent more or less remains the same. However, in a few parts of Mumbai, there was nearly 0. 8% improvement in rent, signifying some demand. Due to weak demand, a [...] Continue Reading »
Chennai’s CBD areas observed a downfall in demand for smaller and medium format office spaces with the absorption recorded at around 44,000 sq ft, during third quarter predominantly. The Suburban Business District (SBD) including areas such as Velachery, Perungudi and Mount Poonamallee Road have witnessed restrained demand levels for office space, with absorption recorded at [...] Continue Reading »
Real estate advisory Cushman and Wakefield (C&W) said Pune has witnessed 28% of vacancies in malls in the third quarter of this year due to oversupply. However, due to the increased supply, the rental values witnessed a drop. The extravagant retail developments in the last few years in Pune have put some pressure on the rental values. 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 »
