office space in Mumbai
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 »
The reality of real estate in Mumbai is covered by high prices, low rentals, no absorption, falling demand and an overheated market. The demand and absorption rate of office space in Mumbai is sluggish for a long time. Though there are few high scale of sale is happening in the office space section, the overall [...] Continue Reading »
It is found that there are no takers for nearly 1.1 million sq ft, or 11 lakh sq ft of ready office space in Mumbai’s commercial property market. The high vacancy in turn, has put pressure on commercial rental rates. In uncertain economic conditions companies are staying away from leasing space, which leads to the [...] 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 »
