Cushman & Wakefield
There is some good news for the commercial real estate developers as the office space absorption rose by 16 % during the first six months of this year. The property consultant Cushman & Wakefield (C & W) in a report mentioned that about 13.4 million square feet of office space in eight major cities were [...] Continue Reading »
The government’s plan to bring property brokers and agents under the ambit of the proposed real estate regulatory authority (RERA) is good news for the home buyers. However Sanjay Dutt the executive managing director, South Asia of Cushman & Wakefield feels that bringing brokers and agents under the bill is not a bad idea;however he [...] Continue Reading »
It is expected that the job market will see a positive surge as IT, consultancy and e-commerce players speculate a boom in the economy which will trigger expansion plans for them. Hence there is a rat race going on amongst these players to lease and buy office space and they are expecting the stable government [...] Continue Reading »
The hospitality industry in India is apparently heading to its next big destination – the North East (NE). With the north-eastern states witnessing an increased number of tourists in recent times, a number of bigwig hotel chains have plans underway to expand their operations into the NE region. The leading hotel chains which are eyeing [...] Continue Reading »
Ceejay House in Mumbai, which once demanded the highest rents, is far more affordable today. Rents per month have plunged to between R300 and R350 per sq ft and while to the rest of the market these may be at a premium, they’re way lower than the average seen six years ago of R400 to [...] Continue Reading »
Mumbai has seen three quick, mega land deals. The deals are Oberoi Realty buying Tata Steel’s Borivali land for Rs. 1,155 crore, Tata Housing buying land from KEC International at Rs. 214 crore and Clariant Chemicals selling its land in Thane to Lodha Developers for around Rs.1,154 crore. Rohit Poddar, Managing Director of Mumbai-based Poddar [...] Continue Reading »
In the first quarter of 2014, Office space leasing in the Delhi-NCR region jumped more than three times to nearly 1.5 million sq ft. The prime reason for the increase is due to higher absorption by IT firms in Gurgaon, says a report by property consultant Cushman & Wakefield. Cushman & Wakefield in its latest [...] Continue Reading »
Due to the poor economic conditions, only one mall is coming up in the last three months. The only mall was developed in Pune which is stuck with the second-highest vacancy level in the country at 27.5 percent. Ahmedabad maintains its tag as the graveyard of Indian retail with a vacancy level of 31.6 percent [...] Continue Reading »
According to a report by real estate consultancy Cushman and Wakefield, the sector has received lower investments as compared to previous year. Last year, India was the 10th most invested location in the Asia-Pacific region. The report by the consultancy ‘Investment Market Beat-2013’showed that the APAC region received a record $487 billion in the real [...] Continue Reading »
Cushman & Wakefield, global property consultant, said, the country was able to retain 10th rank in Asia Pacific despite the investment in the real estate fell by 65% to $1.2 billion during 2013. Investment in real estate sector in India stood at $3.4 billion during 2012. “In the real estate sector India has received a [...] Continue Reading »
