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 […]
Bosch Leases 691k sq ft Office Space in B’luru for Expansion
Bengaluru: Bosch Global Software Technologies has leased 691,320 square feet of space in Bengaluru as it aims to expand its India operations. The property is located in Life Science Park in Electronic City. Bosch will be paying rental at a rate of approximately ₹58 per sq ft with a bin- ding agreement for five years […]
Foxconn Co Leases Space Near Chennai
Yuzhan picks up 550K sq ft of warehousing space at monthly rental of ₹26-28 a sq ft. Bengaluru | Mumbai: Yuzhan Technology, part of Taiwan’s Foxconn Group, has leased about 550,000 sq ft of warehousing space at ESR Industrial Park in Oragadam on the outskirts of Chennai amid a sharp rise in exports of Apple […]
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 […]
