DP World Picks Up 1.5 L sq ft Space in Navi Mumbai for GCC
Mumbai: Multinational logistics company DP World has picked up 150,000 sq ft office space spread across three floors of a commercial tower in Navi Mumbai through a long-term lease, said persons with direct knowledge of the development. The commercial tower Q2 is in Aurum Q Parc mixed-use development located in Ghansoli locality. The agreement spans […]
DevX Aims to Double Office Space Portfolio to 2 m Sq Ft
Flexi space provider eyes tier-2 and -3 cities; plans to foray into international market Mumbai: Managed office space provider DevX is looking to double its portfolio to over 2 million square feet over the next two years with focus on tier-2 and tier-3 cities, as adaption of distributed workforce option by larger enterprises leads to […]
New Indore will be located between Super Corridor-Ujjain Road, name will be – Ahilya Nagar, 15 minute city concept like Paris – houses, markets, offices all will be at one place.
The government has agreed that the new city will take shape in 5 thousand hectares, there will be large clusters of land, big developers and investors will be able to come. The government is now going to prepare the country’s cleanest city Indore on global city standards. Along with the present city, work has been […]
Rentals for Green Offices May See Uptrend Amid Rising Demand
Demand set to outpace supply as occupiers aim for 100% green portfolio by 2030: JLL study Mumbai: The emergence of environmentally conscious occupiers of commercial real estate prioritising the decarbonisation of their portfolios has led to a substantial increase in demand for sustainable buildings that is expected to outpace supply across key property markets of […]
Co-working Space Operators Emerge 2nd-largest in Office Leasing for First Time in Q4
New Delhi: Flexible space operators have emerged as the second- largest sector in the office space leasing for the first time during the January-March quarter as large operators continue to take up space the fulfill the growing demand from global corporates. According to CBRE data, of the total 14.4 million sq ft leased in the […]
NBCC Sells 480k-sq-ft Commercial Space in Delhi Project for ₹1.9k cr
New Delhi: NBCC has sold approx- imately 480,000 square feet of commercial space for about ₹1,905 crore in the World Trade Centre project at Nauroji Nagar in New Delhi. Major organisations such as Power Finance Corporation, Security Printingand Minting Corporation of India, and Solar Ener- gy Corporation of India participated in the recent e-auction and […]
Office Leasing in Major Cities Rises, Tenures Get Longer Too
AVERAGE LEASE TERM NOW AT 62 MONTHS IN OVER A YEAR. Mumbai: Demand momentum is intensifying for office spaces across key property markets with both leasing tenures and volumes setting new standards, reflecting the growing confidence of occupiers in India’s growth story. The longer tenure of leases is al- so an indication of leading multi- […]
Leisure Hotels Draws Up Plans to Expand to 100 Properties by ’30
Leisure Hotel Group which has 2 personal properties in its portfolio Including the Taj Corbett Resort & Spa and Puibhit House in Haridwar in partnership with IHCL besides its own brands, is planning to espand to 100 properties by 2000. Vibhas Prasad, director of Leisure Hotels Group, told ET The company which owns and runs […]
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 […]
