DTZ
Indiabulls Asset Management, part of Indiabulls group, has stated that they have appointed Mr.Ambar Maheshwari, as CEO of its alternate investment funds business which it is under the process of being up. The AIF team will be investing primarily in real estate. Maheshwari was previously the Managing Director of Corporate Finance at Jones Lang LaSalle. [...] Continue Reading »
Indiabulls Asset Management, part of Indiabulls group, has stated that they have appointed Mr.Ambar Maheshwari, as CEO of its alternate investment funds business which it is under the process of being up. The AIF team will be investing primarily in real estate. Maheshwari was previously the Managing Director of Corporate Finance at Jones Lang LaSalle. [...] Continue Reading »
With the new government promising stability at the centre, many companies in the IT, e-commerce, and consultancy sectors are making quick investments. They have begun to lease and buy office spaces expecting to cash in on a sudden economic boom. Property consultancy firms like Cushman & Wakefield, JLL, DTZ, CBRE, and Knight Frank have received [...] Continue Reading »
A global real estate consultant says that the Office space requirement is likely to increase by 7 percent during this year to 29 million sq ft in India’s 7 major cities as corporates are looking at expanding their business. The demand of office space was 27 million sq ft last year in the seven cities [...] Continue Reading »
Slow approvals and execution has caused project delays forcing real estate developers to raise capital from non-banking financial companies (NBFC) and private equity (PE) funds to refinance previous loans, repay banks or pave the way for exits by investors. PE funds and analysts point out that developers may not judged correctly on the time required [...] Continue Reading »
In last one decade the satellite towns of satellite town of Gurgaon and Noida experienced great development primarily because of unavailability of land in Delhi. However, this may change soon as DDA has approved a policy based on the concept of pooling of agricultural land to accommodate the increasing demand of urbanization. This is a [...] Continue Reading »
The interim budget disappointed realty developers and did not provide any relief to the sector. The developers, however, are hoping for an indirect would boost to the housing demand through the steps being taken to push growth in other industries such as automobile. Confederation of Real Estate Developers’ Association of India (CREDAI) Chairman, Mr. Lalit [...] Continue Reading »
The state telecom Mahanagar Telephone Nigam (MTNL) has mandated a consortium led by the global real advisory firm DTZ to unlock roughly Rs 5000 crore from the land holdings in Mumbai and Delhi. The company also said that the land can be given for sale, lease and redevelopment through public-private partnership as a part of [...] Continue Reading »
According to a report submitted by DTZ, a property consultant, by 2020 the higher education sector will create real estate demand of around 900 million sq ft. This is to maintain the current gross pupil enrollment ratio of 12 per cent. However, with the current pace, it is not possible to achieve the target before 2036. Gross [...] Continue Reading »
Real estate leasing by Information Technology (IT) and IT-enabled services (ITes) sector firms have shown a downturn in Mumbai and National Capital Region (NCR) during this year. According to data shown by DTZ, an international real estate research firm, Bangalore boosted by the share of IT/ITes in the total office space transaction surging from 55 [...] Continue Reading »
