Latest Realty News

Nov 25, 2015
MUMBAI:In the largest commercial space transaction in Navi Mumbai, SBI Life Insurance Company has bought 1 lakh sq ft office space from L&T Realty at its mixed-use project L&T Seawoods Grand Central for Rs 140 crore, said three persons familiar with the matter.
Godrej Properties– M S Ramaiah Group to build 100-acre township in Bangalore
Apr 09, 2014
BANGALORE: Mumbai-based Godrej Properties has partnered family members from the M S Ramaiah Group to develop a 100-acre township in North Bangalore, sources privy to the development said.
Bet big on office space
Apr 07, 2014
MUMBAI: Thinking of buying your third apartment at Worli? Why not an office block in BKC instead? It may not have quite the charm or glamour of a penthouse apartment, but it can certainly get you hefty returns.
JLL fortifies leadership in Delhi NCR, Chennai
Mar 12, 2014
GURGAON:: International property consultancy JLL (Jones Lang LaSalle) has announced a major realignment in the leadership team for its Delhi NCR and Chennai businesses. The move will further strengthen the company’s position with regards to its established businesses in Delhi NCR and South India.
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.
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.
How Mumbai office market will perform in 2014
Jan 02, 2014
MUMBAI: In 2014, the shortage of high-quality office spaces in Mumbai will intensify. However, overall office stock in the city is expected to rise by 7.4% y/y in 2014. The sub-markets which will see highest rise in stock of office space include the West Suburbs, SBD North and East Suburbs (in that order). The CBD, SBD-Central and Thane-Navi Mumbai will witness the least or very moderate growth in stock.
Office space vacancies in Mumbai fall for first time since 2007
Jan 01, 2014
MUMBAI: Vacant commercial spaces in Mumbai have fallen in 2013 for the first time since 2007. Lease rentals and capital values for offices across the financial capital's commercial districts, barring Nariman Point have also seen an uptick for the first time after dropping for five consecutive years.
Proximity to Eastern Freeway an advantage
Dec 31, 2013
MUMBAI: With the development potential of Mumbai's western suburbs almost fully exploited, we are witnessing increased momentum in new developments in the eastern suburbs where land parcels are still available and prices more affordable. As a result, the 16.8-kilometre Eastern Freeway that connects P D Mello Road in South Mumbai to the Eastern Express Highway at Ghatkopar has sprung into sharp focus with developers.
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.
Demand for office space dips
Aug 12, 2013
CHENNAI: The demand for office space dipped in Chennai during the second quarter of 2013 in the backdrop of the economic situation and cautious market sentiment, according to Colliers International’s quarterly update on office market.

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