Brookfield India Real Estate Trust (REIT) saw its adjusted net operating income for grow 60% year-on-year during the third quarter of the ongoing financial year (Q3FY23), the company said in a statement on February … READ FULL STORY
Prime Minister Narendra Modi laid the foundation stone of South India’s first industrial corridor project to be implemented in Tumakuru, Karnataka, on February 6, 2023. The project is spread over 8,500 acres of land … READ FULL STORY
Industrial and logistics leasing activity in Mumbai grew by 36% year on year, to touch 6.1 million square foot in 2022, says a report released on February 6, 2023. Industrial and logistics space take-up … READ FULL STORY
Private equity major Blackstone is in talks to sell around half of its stake in India’s largest real estate investment trust Embassy Office Parks to private equity firm Bain Capital, Reuters reported, quoting sources. … READ FULL STORY
Commercial rents in Bangalore for the October-December period (Q4) of 2022 showed an annual increase of 11%, helping the city stay on top among its peers in Asia Pacific (APAC), a recent report by … READ FULL STORY
Most students prefer either studio apartments or ensuite rooms or shared accommodation, shows the findings of a recent survey. According to the survey conducted by University Living, a global student housing platform, 65% of … READ FULL STORY
Amanthin Info Parks Private Limited and Maharashtra Industrial Development Corporation (MIDC) Navi Mumbai have leased 3.81 lakh sqft of data centre space for 28 years to Raiden Infotech India Private Limited, a Google company, … READ FULL STORY
India’s office space market saw 36% year-on-year (YoY) growth in transaction volumes during 2022, shows a new report by property brokerage company Knight Frank India. According to the report, the market also saw yearly … READ FULL STORY
Institutional investments in Indian real estate’s alternate asset classes touched a new high in 2022 at $867 million, accounting for 18% inflows during the year, says a new report by property brokerage frim Colliers … READ FULL STORY
Business conglomerate Jaiprakash Group has defaulted on a loan of Rs 4,059 crore, the company said in a regulatory filing on January 7, 2023. This default amount reported till December 31, 2022, includes Rs … READ FULL STORY
Private equity investments inflows into the Indian real estate sector stood at $3.4 billion at the end of 2022. This is at par with the investment quantum registered in 2021, says a new report … READ FULL STORY
Rating agency ICRA on January 3, 2023, revised its growth estimates for India’s road logistics sector to 11-13% for this fiscal (FY2023) against the previous estimate of 7-9%. The upwards revision in growth prospects … READ FULL STORY
Amid robust office space absorption seen during 2022, vacancy levels across India’s 6 leading commercial markets dropped by 190 basis points year-on year to 16.6%, indicating strong recovery and stability in commercial office markets, … READ FULL STORY
