mumbai office spaces
Private equity giant Blackstone is acquiring a 1-million sq ft office space at Vikhroli, Mumbai from real estate fund house Milestone Capital at a cost of Rs 1050 crore. The property, 247 park, is owned jointly by Milestone Capital and HCC Real Estate in a 74%-26% arrangement. It’s valued at Rs 1000 crore and requires [...] Continue Reading »
According to international real estate consultancy CBRE’s India Office Market View 2012, the absorption of office space had a sequential fall of 14% across seven key cities ended September, a fall of about six million sq ft, compared with about seven million sq ft in the previous quarter. National Capital Region (NCR), Mumbai and Bangalore, [...] Continue Reading »
Mumbai has topped the office space absorption across cities in Q3 of calendar 2012. Real estate consultancy Cushman & Wakefield reported that the total office space off-take was 2.23 million sqft (msf) in Q3, which has increased by more than 50 per cent over the previous quarter. Chennai was second with 1.32 msf in office [...] Continue Reading »
After corporators demanding new age mobile phones and insurance cover, the recent demand from a corporator has asked the Brihanmumbai Municipal Corporation (BMC) to make office spaces for all city corporators available. Samita Naik, Maharashtra Navnirman Sena (MNS) corporator from ward 202 has suggested that the corporation provide space for members on civic plots in [...] Continue Reading »
