Co-working spaces are fast becoming popular in the country and their share in overall commercial leasing activity, is rising sharply. About seven million sq ft of co-working spaces have been leased in 2018 so … READ FULL STORY
Giving the green signal for the much-awaited Phase II of the Mass Rapid Transit System (MRTS), the Madras High Court, on December 19, 2018, dismissed an appeal against a single judge bench’s order, directing … READ FULL STORY
The Hiranandani Group has announced the establishment of a new vertical ‘GreenBase’, which will provide best-in-class Logistics and industrial parks, with a pan-India footprint. India’s burgeoning logistics sector is estimated to require 839 million … READ FULL STORY
Various private equity (PE) players such as Xander, Blackstone and Brookfield, are sharpening their focus on the Indian real estate industry, especially the commercial segment, with several large transactions recorded in the country so … READ FULL STORY
India witnessed a robust demand for office spaces in Q3 2018, recording approximately 12.3 million sq ft of gross absorption, indicating a 23 per cent growth over the corresponding period in 2017. As a … READ FULL STORY
In a bid to strengthen its existing commercial portfolio, Puravankara Limited has laid down an ambitious long-term strategy for the segment. Based on their current land portfolio, the Group envisions an expansion plan of … READ FULL STORY
Siddharth Hande is used to cleaning up other people’s messes, quite literally. In fact, he’s making a business out of it. His Chennai-based start-up, Kabadiwalla Connect (KWC), leverages information technology to make sure that … READ FULL STORY
The feasibility study for a 435-km high-speed rail line between Chennai and Mysore, was submitted to the Railway Board chairman Ashwani Lohani, by German ambassador Martin Ney. The report envisages covering the 435-km distance … READ FULL STORY
The metropolitan area of Chennai city would grow seven-fold, to 8,878 sq kms, if the expansion plan of the city takes off, according to the findings of a study by the Mylapore Institute for … READ FULL STORY
Gross leasing activity in India was recorded at 36.4 million sq ft for the first nine months of 2018, up by 26 per cent year-on-year (YoY), according to the ‘India Office Overview and Outlook, … READ FULL STORY
A National Green Tribunal (NGT) bench, headed chairperson justice Adarsh Kumar Goel, slammed the Tamil Nadu government over poor pre-monsoon preparedness and asked its Public Works Department to deposit a penalty of Rs two … READ FULL STORY
Sales of housing units in the top nine property markets in India increased by 24 per cent during the July-September 2018 period (Q2 FY2019), while new launches declined by 35 per cent, according to … READ FULL STORY
Tamil Nadu chief minister K Palaniswami, on October 10, 2018, launched new initiatives in various departments, including flagging off new buses to be used in various transport divisions. He also inaugurated a new bus … READ FULL STORY
