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 […]
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 […]
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 […]
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 […]
More Offices May Look to Turn Green
Bengaluru: Indian offices, totalling 300-350 million sq ft, are set to undergo a makeover as companies prioritise compliance with ESG (environmental, social, and governance) norms and eco-friendly operations, according to Colliers. Currently, 61% of Grade A office space in India, totalling 432 million sq ft, is certified as ‘green’, showcasing a pronounced inclination toward sustainable […]
