Commercial real estate
After establishing strong hold in high–end residential and commercial space, Sunteck Realty is looking to entering the retail commercial segment. A new mini-mall is coming up in Goregaon in northern suburbs of Mumbai is being put up by the firm. The mall will have a mixed development of high-end luxury residential and commercial and retails [...] Continue Reading »
India’s biggest commercial real estate acquisition was grasped by US private firm Blackstone, with a 50% stake in Bangalore builder-owned three business parks for over Rs 1,000 crore ($200 million). Blackstone beats the Citi Group’s acquisition of a Mumbai office building for Rs 985 crore, which was bigger than the Maple Tree’s acquisition of Assetz [...] Continue Reading »
After a slowdown in the first two quarters of 2012, India is witnessing a rise in demand for commercial rental spaces. Major cities such as Mumbai, Delhi-NCR, Bangalore, Chennai, Hyderabad, Pune, and Kolkata saw a total of 7.6 million sq ft office space absorption in the July to September as compared to 5.9 million in [...] Continue Reading »
With NCR Planning Board giving green signal for projects like the Night Safari Park on the anvil, Yamuna Expressway Industrial Development Authority (YEIDA) has organised the chart for the development in the region. With the execution of the new master plan, the area will witness a rise in entertainment zones and industrial hubs with world-class [...] Continue Reading »
In the third quarter of 2012, Bangalore has witnessed a fresh supply of malls of about 3,60,000 sq ft. However, retailing activities remained slow. Bangalore has been witnessing a reduced rate in the leasing activities. There has also been a scarcity fresh retail space in both malls and main streets which has led to a situation [...] Continue Reading »
Through real estate fund that focuses commercial property is suppose to raise up to Rs 500 crore in the top seven cities of India by Azure Capital. India reality fund II, will be launched by Azure Capital, that will totally focus on commercial properties across the seven cities of India. The investors will focus on [...] Continue Reading »
Pantaloon Retail India Ltd, the country’s largest retailer, has decided to consolidate its business in the top 16 cities and a surrounding network of secondary cities. The decision implies that the retailer would be exiting from smaller towns that don’t fit into this network. Analysts say that the consolidation would help Pantaloon Retail improve profitability [...] Continue Reading »
Rentals for commercial space across India may see a mixed trend in coming few years. Real estate firm Cushman & Wakefield (C&W) says that while cities such as Bengaluru, Chennai and Pune are to witness moderate rental increases over the next five years, the scenario may turn out to be different in other cities. The [...] Continue Reading »
Real estate consultancy firm Cushman & Wakefield reports that the top eight cities in India are expected to see a demand for about 180 million sq ft of commercial office space in the next five years. Based on announced projects and the current pace of construction, total expected supply in these five years is 219.6 [...] Continue Reading »
The rate of office spaces is likely to witness a hike of 40 per cent in HITECH City and Gachibowli areas of Hyderabad. To tap on the opportunity, the developers are now focusing on developing commercial real estate. The main driver is that the property market in areas like Gachibowli and HITECH City are still affordable as [...] Continue Reading »
