Latest Realty News

India beats China as top choice for global corporate expansion plans
Feb 06, 2014
HYDERABAD: Corporate decision makers are responding to signs of economic improvement across Europe, shifting focus away from pure cost management to future growth opportunities, with an increased appetite for global expansion into Indian markets, according to CBRE’s latest annual European Occupier Survey.
Noida-Gr Noida Expressway: A hotspot for commercial reality
Jan 23, 2014
DELHI: Noida-Greater Noida Expressway, which further connects to the 165km-long Yamuna Expressway, is still a favourite destination for commercial realty projects. Improving infrastructural development and fast connectivity offer great scope for real estate development here and the area is coming alive with luxury hotels, office space, retail outlets, and shopping malls.
Green light for industrial township in Gr Noida
Jan 21, 2014
DELHI: The government on January 20 approved an investment of over Rs 1,700 crore in creating trunk infrastructure such as roads, bus rapid transit system and telecom and IT infrastructure for an industrial township, in an attempt to leverage it to attract private investment of over Rs 33,000 crore near the town in Uttar Pradesh where development has slowed down with attention diverted to the Yamuna Expressway.
Pune sees increase in addition & absorption of office space
Jan 18, 2014
PUNE: While the residential real estate market of Pune is going through a definite slowdown, the office space market is experiencing a veritable windfall. As per the latest reports of CBRE Commercial Real Estate Services, of the 7.3 million sq ft of office space supply in the Indian market in the fourth quarter of 2013, Pune saw an addition of 2 million sq ft.
Indian real estate worth Rs 7,700cr up for sale by lenders: Report
Jan 16, 2014
MUMBAI: India's dismal economic figures have expectedly hit the Realty sector hard - an estimated Rs7,700 crore worth of commercial and residential properties across the country are up for sale by lenders, according to an industry study.
CCI rules out abuse of dominant position by two realty firms, SG Estates Ltd and SKI View Hotel
Jan 04, 2014
DELHI: Fair trade regulator CCI has dismissed the allegations of abuse of dominant position against two realty companies -- SG Estates Ltd and SKI View Hotel -- with respect to development of a commercial real estate project in Vasundhara in Ghaziabad region.
Realty: Then and now
Jan 04, 2014
CHANNAI: The economic downturn in the year 2013 has had an adverse impact on various sectors and the realty sector has not been insulated by these changes. The year has been one of guarded optimism and the sentiments were rather cautious from both investors and builders.
Westin Hotels to enter Kolkata by 2015
Jan 04, 2014
KOLKATA: Kolkata will have its first Westin property, a brand from US hospitality conglomerate Starwood Hotels & Resorts Worldwide, by mid 2015.
20% rate hike in ready reckoner for posh areas in Maharashtra
Jan 02, 2014
MUMBAI: The state government has increased the ready reckoner (RR) rates for residential and commercial properties by up to 20% in municipal corporation areas of Pune, Thane, Navi Mumbai and Mumbai from the new year.
Mumbai office space grew up in 2013
Jan 02, 2014
MUMBAI: Despite the uncertain economic conditions, absorption of office spaces in Mumbai rose by 4.4% y/y to 7 million square feet in 2013, as against the 6.7 million square feet in 2012. As a result, vacancy fell to 22.9% in 2013 from 24% in 2012. Nearly 7.5 million square feet of new supply was added to Mumbai’s office stock in 2013 – an increase of 8.8% y/y compared to the 18% growth in stock in 2012. The total current office stock in Mumbai stands at 91 million square feet.
Second half of 2014 to fuel growth in real estate
Jan 02, 2014
MUMBAI: Real estate professionals are unanimous in one prediction: Things will start looking up for the sector only in the second half of 2014, after the general elections, when clarity on the new government will emerge and businesses start investing.
Commercial property: Opening up to retail investors
Dec 07, 2013
MUMBAI: Buying an office or retail space is a huge investment, which is why commercial realty has been traditionally seen as an asset class that only institutional investors or high net worth individuals could invest in. That, however, is changing. Many retail investors are now getting into the office real estate game.
Delhi’s commercial real estate set to bounce back
Dec 06, 2013
DELHI: Delhi NCR’s property market is all set to regain its lost momentum with the revival in the economy. Private and public sectors are leaving no stone unturned to capitalise on the inherent capabilities of the real estate and infrastructure sector to drive growth and to deliver. Recently, three new cities were included in the NCR: Bhiwani and Mahendragarh of Haryana district and Bharatpur from Rajasthan.
Destination development: First mover advantage
Dec 06, 2013
PUNE: Beyond the oft-repeated developers’ rhetoric ‘location, location and location’ as the USP of the project, lies the fact that today’s prime location was once a deserted area that most developers were not ready to bet on with the kind of huge investment that realty projects demand. It has not just been the huge investment involved but the infrastructure, or rather lack of it, which often made them play safe. Though, in some of the cases, the government authorities took the initiative to prov
Commercial real estate segment to remain subdued: CBRE
Dec 04, 2013
DELHI: Demand for commercial real estate is likely to remain subdued in the medium term as corporates continue to be in a consolidation mode while excess supply may put pressure on capital and rental values, property consultant CBRE said today.
Realtors find promised land in commercial space
Dec 03, 2013
DELHI: Commercial real estate seems to be an attractive mid-to-long-term revenue proposition for listed players despite lacklustre market sentiments and a funding crunch.
How to find the best commercial real estate location
Dec 03, 2013
MUMBAI: Despite the availability of more rationally priced options, investing in commercial real estate is most definitely not child’s play. It requires forethought, research and planning:
Large office spaces see few takers as slowdown bites
Nov 05, 2013
MUMBAI: The quantum of large commercial space leased out dipped sharply last quarter. While Delhi saw a drop of 91% sequentially and 66% over the March quarter, the trend in Mumbai was only slightly better — the fall was 50% sequentially and 62% over the January-March period. Indeed, there seem to be few takers for office space of more than 1 lakh square feet — just 1.2 lakh sq ft was rented in Delhi in the September quarter while in Mumbai the area was 2.5 lakh sq ft.
Large office spaces see few takers as slowdown bites
Nov 01, 2013
MUMBAI: The quantum of large commercial space leased out dipped sharply last quarter. While Delhi saw a drop of 91% sequentially and 66% over the March quarter, the trend in Mumbai was only slightly better — the fall was 50% sequentially and 62% over the January-March period. Indeed, there seem to be few takers for office space of more than 1 lakh square feet — just 1.2 lakh sq ft was rented in Delhi in the September quarter while in Mumbai the area was 2.5 lakh sq ft.
Shapoorji Pallonji to build on affordable housing segment
Oct 12, 2013
MUMBAI: It is a group that is synonymous with Mumbai’s high-end luxury and historic landmark buildings. Its list of projects includes the Taj and Oberoi hotels, the Brabourne Stadium, the RBI, World Trade Centre and the NCPA apartments.
Bank credit to commercial real estate picks up in FY14
Oct 04, 2013
MUMBAI: After recording sluggish growth in the previous financial year, bank credit (loan) to commercial real estate (CRE) projects has picked up in the current financial year, registering a 17.4 per cent growth in August, compared to 8.6 per cent during the corresponding period of FY13.
Essar’s Equinox Realty may sell stake in some projects
Aug 26, 2013
MUMBAI: Essar Group realty arm Equinox Realty is looking to monetise part of its Rs 3,000 crore investment in commercial and residential spaces before going in for expansion.
Bandra-Kurla Complex is emerging as a hub for consulates
Aug 22, 2013
MUMBAI: Bandra-Kurla Complex (BKC) is one of the most strategic commercial and residential real estate locations in Mumbai – in fact, maybe in the country. This extremely valuable location has gone from strength to strength ever since it was reclaimed from marshlands hemmed in by Bandra in the west, Kurla in the east and Santa Cruz in the north.
Telangana to push Hyderabad realty gather pace
Aug 02, 2013
HYDERABAD: After a four year hiatus, residential real estate prices are set to rise at a relatively faster pace in Hyderabad with the Government move to carve out a separate State of Telangana.
Mumbai office market to cross 100 million sq ft mark in Q4 2014: Jones Lang LaSalle
Jul 10, 2013
MUMBAI: Despite sluggish sentiment in the overall realty sector, Mumbai's commercial real estate stock is likely to cross 100 million sq ft mark by the fourth quarter of 2014, consultancy firm Jones Lang LaSalle said.

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