Commercial spaces
PE firm Milestone Capital has sold a 2.5 lakh sq ft commercial property in Pune for about Rs 145 crore to a high-net-worth individual (HNI). This deal marks a potential renewal of interest among such investors in assets that provides constant rental return in addition to capital appreciation. The office building in Kalyani Nagar was [...] Continue Reading »
The Olympia group, well known for developing residential and commercial spaces in Chennai and Kolkata, has now launched a new project Enchante in Bangalore. This project has 26 Villas in more than 4.5 acre land and is located behind Forum Value Mall. Mr. Ajit Chordia, managing director, Olympia group, says that they believe Bangalore is [...] Continue Reading »
Mumbai- Real estate developers who were not able to rent out malls or facing tough time in building shops is expected to look up after the parliament cleared the foreign direct investment (FDI) in multi-brand retail. According to Jones Lang LaSalle, a real estate consultancy, India has recorded a dropdown in the supply of rental [...] Continue Reading »
Bangalore- The builders and developers of Bangalore have got indulged in developing integrated townships within the rousing metropolis. At one time in the past Bangalore was full of bungalows and later the city got lined up with high-rise apartments and complexes changing the order. And by the end of this decade the city is likely [...] Continue Reading »
The infrastructure development in Hyderabad has paved way for further improvement of the city in terms of commercial spaces. The decision makers are working on consolidating the requirements and the city is all set to get a major turnaround as the office market is in great demand. However, the office rentals will be increased in the coming months as [...] Continue Reading »
While there has been a slight surge in the leasing of prime commercial spaces across key cities in 2012, Mumbai’s commercial market is still witnessing supply exceeding demand. According to a survey by CB Richard Ellis, office space absorption was registered at above 7 million sq ft in the second quarter of 2012, compared to [...] Continue Reading »
Air India planned to lease out two main office in Mumbai and Delhi to increase the inflow of revenue. The total office space available in two of the location are around 1.5 lakh sq ft. The analysts expects that the national carrier can earn up to Rs 500 crore through the proposed leasing of the [...] Continue Reading »
Many illegal commercial spaces are to be sealed in Noida on coming March 29th. The Noida Authority has taken due care and held a meeting to plan out the due course of the illegal spaces on the due date. Around 44 properties have been identified as illegal in Sector 27 and steps have been outlined [...] Continue Reading »
The demand for commercial spaces in Mumbai city has dropped down! The real estate analysts have predicted 15 per cent drop in demand based on rising interest rates and global crisis. Also, one of the reports by global property advisors DTZ say that the demand for office spaces in the commercial realty sector during the [...] Continue Reading »
South east Bangalore’s happening realty spot “Sarjapur Road” is seeing its developing phase! Long time ago Sarjapur Road was a land filled with farms and greens all over. Today, the locality has grown so big that Sarjapur road has become an eye candy of Bangalore city! Sarjapur road is rich with best international educational institutions, [...] Continue Reading »
