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office spaces in India

Blackstone Acquiring Massive Office Space in Mumbai

Blackstone Acquiring Massive 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 »

15 per cent fall in office space absorption this year: CBRE

15 per cent fall in office space absorption this year: CBRE
Global realty consultant CBRE on Thursday said absorption level of office spaces in India may come down by about 15 per cent to around 30 million square feet this year due to the current economic slowdown. In the case of large spaces, market is slower and this will lead to fall in office space absorption [...] Continue Reading »



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