IL&FS Puts Over 5 L sq ft GIFT City Assets on Sale
Swiss challenge to decide sale of 58 offices held by IL&FS’ subsidiary. Mumbai: Beleaguered non-ban- king finance company Infrastructure Leasing & Financial Services (IL&FS) has put commercial properties spread over more than 540,000 sq ft in an office tower Gift Two located in Gujarat International Finance Tec-City (GIFT CI- ty) on the block. The sale […]
Workspace Interior Firms See Big Business in Smaller Towns
Small-town bizmen who are looking to renovate offices on the lines of large cos drive demand. New Delhi: Small-town entrepreneurs are increasingly looking for modern office interiors replicating what large corporates do in metro cities, leading to jump in demand for workspace interior companies. From a local builder to garment trader and exporters, small town […]
Luxury Hotel Chains All Set to Unveil Branded Housing Projects in India
Luxury residences gain traction as rising number of high-net-worth individuals seek world-class amenities and personalised services. Mumbai: Encouraged by rising demand from high-net-worth individuals, luxury hotel cha ins in India are expanding their branded residences portfolio to cater to a wealthy clientele seeking premium living experiences. Marriott International, the world’s largest hotel and branded residences […]
INFRA BOOST To invest ₹1,200 cr in project spread over 2.8 m sq ft
Savvy Group Bags Bid for a Mega Commercial Project in GIFT City. Mumbai: Ahmedabad-based reallestate developer Savvy Group has emerged as the highest bidder to develop the GIFT Special Bermo mic Zone’s (SET) largest commercial and recreational print including an innovation and star tups huh, spread over a total 28 million sq ft with a […]
Indore-Ujjain with six lanes and two new roads
Indore, Special Representative. Before Simhastha, while preparations are going on to convert Indore-Ujjain four lane into six lane, the government has also made preparations for the rehabilitation of many roads connected to this route. Some new roads will be built, while some will be widened. According to sources, the files of these proposed roads have […]
Realty Booms in Maximum City as Tata, Reliance Keep on Shopping
Cos, which have around 3m sq ft of retail space each in Mumbai, are on the lookout for more. Mumbai: Tata Group and Reliance Industries, two of India’s largest conglomerates, are vying for premium real estate in Mum- bai as they extend their footprints. From Zara and Starbucks to West- side and Titan, the Tata […]
Motilal Oswal Alts Raises ₹1,250 cr for Sixth Realty Fund
ACTION PLAN Fund, with target corpus of ₹2K cr, to focus on early-stage investments in hsg projects Mumbai: Motilal Oswal Alter- nates (MO Alts), the alternative investments arm of Motilal Oswal Financial Services, has rai- sed over 1,250 crore as the first close of its sixth real estate fund India Realty Excellence Fund VI (IREF […]
Indian Office Market to Surge on Foreign Firms’ GCC Push
Global capability centres may lease about 45-50 m sq ft space in next 2 years: Colliers report. Bengaluru: Global Capability Centres (GCCs) are expected to to lea se about 45-50 million square feet of office space over the next two years accounting for approximately 40% of the total office demand across the top 6 cities, […]
In New India, Offices Buzz in Fresh Homes
Changing needs, infrastructure development, etc create new office hotspots in top cities. Such hotspots could add 89m sq ft of Grade A office space to top 7 cities’ supply in 5 years. Mumbai | Bengaluru | New Del- hi: The commercial real estate market in India’s major cities is transforming due to changing te- nant […]
Work on doubling the Singapore Township Underbridge begins
Will get relief from the problem of getting stuck between vehicles coming head-on. Indore. • Taking care of the problems of the regional people, Railways has started the work of widening the underbridge under the Indore-Dewas railway line in Singapore Township. Currently this bridge is built on a single box, which is being widened and […]
