Coworking Firm Redbrick Buys Office in Mumbai for Rs. 267 crore
Coworking and managed space provider Redbrick Offices has acquired commercial properties spread over nearly 90,000 sq ft in Marol locality of Mumbai’s western suburb Andheri for over Rs. 267 crore. The company has bought this office space spread over three floors in a commercial complex, Times Square, through its subsidiary Red Fox IT Infra LLP […]
Nielsen Media Picks Up 1.52-L sq ft Office Space on Lease in Mumbai
Nielsen Media, a global major in audience me asurement and analytics, has picked up an office space spread over four floors in a commercial complex in Mumba i’s western suburb Goregaon through a long-term lease of over 10 years. The total rental outgo for the company for the over 152,000 sq ft office space in […]
Samsung R&D Institute Renews Bengaluru Office Lease for 5 Years
Bengaluru: Samsung Research and Development Institute India- Bangalore (SRI-B) has renewed its lease for 420,000 square feet of office space in Bengaluru with Bagmane Developers for five years. The lease, which started in June this year, includes a lock-in period until April 2027. According to a lease renewal deed shared by analytics firm Propstack, the […]
Tata Realty Plans to Triple its Office Space Portfolio in 7 Yrs
New Delhi: Tata Realty & Infrastructure (TRIL), a subsidiary of Ta- ta Sons, plans to augment its office space portfolio to 30 million sq ft over the next seven years from the current 10 million backed by expansions in Mumbai, Bengaluru, Pune, and NCR, Sanjay Dutt, managing director and chief executive, told ET. Since most […]
Institutional Investments in Realty Hit a 3-Year High
SKY SEEMS TO BE THE LIMIT FOR INDIA’S PROPERTY MARKET Industrial, warehousing sectors help inflows in June qtr to rise to $2.5B Institutional investments in India’s real estate sector touched a three-year high of $2.5 billion in the June quarter backed by robust activity in the industrial and warehousing, and residential segments, according to Colliers, […]
Office Leasing Surges to New Record in First Half of 2024
SKY SEEMS TO BE THE LIMIT FOR INDIA’S PROPERTY MARKET Strong economics cues, rise in corp occupancies boost market by 29% The Indian office property market has demonstrated robust performance in the first half of the year, driven by a resurgence in economic activity and a notable increase in corporate occupancies, reflecting the sector’s resilience […]
Prices of Properties Under Construction Surge 50%
PREMIUM, RESIDENTIAL PROPERTIES IN DEMAND Prices of premium residential under-construction properties in places like Delhi, Noida, Gurugram, Bengaluru and Mumbai have increased by up to 53% in the first half of 2024 from a year earlier, according to property consultancy Savills India. Among these cities, Gurugram reported the steepest increase, it said. Under-construction projects in […]
ICICI Prudential AMC Buys Office Tower in Mumbai for 315 cr
PAYS OVER 18.9 CRORE AS STAMP DUTY The 60K-sq ft office, belonging to realtor Kalpataru, will house AMC’s head office ICICI Prudential Asset Management Company has acquired an entire commercial tower in Mumbai’s western suburb Santacruz for over ₹315 crore from realty developer Kalpataru’s subsidiary Ixora Properties. The newly acquired tower, built on one-third of […]
Tata Digital Renews Lease for its Iconic HQ in South Mumbai
Tata Group’s digital business entity Tata Digital has entered into an agreement with charitable trust Dawat E-Hadiyah to renew the lease for its headquarters iconic Fort House in South Mumbai’s Fort locality for a total term of three years. The technology company that controls Bigbasket, Tata 1mg, Tata. Cliq, Croma, and superapp Tata Neu among […]
IMC India Leases 2 Office Spaces in Maximum City
AT BANDRA-KURLA COMPLEX AND WORLI BKC office leased for only 5 months as larger space in Worli is undergoing fit-outs Global market maker IMC’s India arm IMC India Securities has leased a 5,830 sq ft office space in a commercial building in Mumbai’s Bandra-Kurla Complex (BKC) at a monthly rental of ₹700 per sq ft […]
