Notwithstanding the macroeconomic disruptions, the commercial real estate (CRE) market remained robust in 2017. The year 2017 witnessed a pan-India leasing volume of approximately 42.8 million sq ft (3.9 million sq metres), excluding renewals … READ FULL STORY
According to a survey by Cushman & Wakefield, the net absorption of office space in 2017 dropped by seven per cent to 30.57 million sq ft, as compared to 32.85 million sq ft in … READ FULL STORY
The Goods and Services Tax (GST) is, beyond doubt, the most revolutionary tax-related reform to be seen in India in several decades. It will eliminate the conflicting and cascading taxation structures, which have confounded … READ FULL STORY
Welcoming the RBI’s decision to allow banks to invest in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), realty sector experts said this move will give the much-needed boost to the industry … READ FULL STORY
Non-banking finance company Altico Capital, on March 23, 2017, said that it will provide a credit line of upto Rs 300 crores to realty player Phoenix Group. “The funding, which shall be made in … READ FULL STORY
Pune’s low office space vacancy rate of around 6%, is proving to be a serious challenge for companies that are seeking large spaces to establish or expand their operations in the city. Pune is … READ FULL STORY
With a thriving start-up ecosystem aided by the Modi Government’s efforts to create an enabling environment for entrepreneurs across the country, demand for co-working spaces has been rising in recent times. Among the main … READ FULL STORY
Piramal Enterprises’ financial services division, Piramal Fund Management (PFM), has sanctioned two investments worth Rs 1,020 crores under its flexible lease rental discounting (LRD) scheme. The firm has approved Rs 440 crores for Wadhwa … READ FULL STORY
Net office absorption across the top eight cities (Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune), is likely to surge by up to 10% to 32.4 million sq ft in 2017, the highest … READ FULL STORY
Global private equity firm Brookfield Asset Management, has signed an agreement with the Hiranandani Group to acquire its offices and retail space in Powai in Mumbai, for a whopping Rs 6,700 crores. Confirming the … READ FULL STORY
