Latest Realty News

Jan 16, 2016
MUMBAI: Showing faith in India's economic growth, corporate occupiers have been lapping up office spaces for their expansion, which is reflected in the decline in office vacancy levels across the country to 15% from around 19% in 2013. The sharpest fall in pan-India vacancy levels is expected in 2016 and 2017 when it will ease below 13%, said a JLL India report.
Nov 27, 2015
NEW DELHI: With the sentiment among corporates across the country improving, net absorption of office space in India expected to be about 31 million sq ft by the end of 2015, according to a joint study by industry body Assocham and property advisory firm JLL.
Nov 06, 2015
MUMBAI | BENGALURU: With commercial real estate showing signs of recovery, property developers that had stopped investing additionally in this segment are now looking to invest in office projects. The rising interest is this space has been generated by better demand outlook and constrained supply of grade A office spaces as most developers did not launch any major office projects since 2009, given the weak uptake until recently.
Oct 21, 2015
Mumbai: Office space absorption during the July-September period increased marginally to 10.6 million sq ft compared to the previous quarter, with Gurgaon witnessing the highest leasing activity, says a survey.
Jun 05, 2015
The IT and ITeS companies’ capacity expansion plans, the country’s office space market seems to be regaining lost steam. With a major chunk of total absorption of Grade A office space being notched up by the technology sector, in the January-March quarter, commercial realty market is getting ready to make the most of it.
Knight Frank Global Cities Report 2015 ranks Sydney 5th in rental forecasts
Oct 01, 2014
The latest Knight Frank Global Cities Report 2015 has ranked Sydney fifth among 15 global cities in rental forecasts
Mumbai: The ‘undisputed king’ in Indian office market
May 16, 2014
MUMBAI: International property consultancy JLL India, has released its latest research report ‘Mumbai Offices 2020: Mapping the Future of the Mumbai Office Market’. Anticipating the changing trends of commercial real estate in India’s financial capital, ‘Mumbai Offices 2020’ provides ‘foresight with purpose’ into where Mumbai’s office market is headed. Talking about this report, Ramesh Nair, COO – business, JLL India, says, “With this report, we reaffirm that Mumbai will continue to be acknowled
To woo buyers, StanChart ready to ‘slice’ building
Jan 18, 2014
MUMBAI: Failing to find a buyer for its entire office building in suburban Mumbai for Rs 315 crore over the last six months, Standard Chartered Bank is now offering the option of partial sale on a floor-wise basis to woo buyers.
Office space absorption up 35%: Report
Jan 09, 2014
MUMBAI: The overall office space absorption in the top seven cities of the country grew by approximately 35 per cent in fourth quarter of this fiscal at nearly 8.2 million sq ft against six million sq ft in the previous quarter, according to real estate consultancy CBRE’s latest report.
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 absorption in Bangalore lower in 2013
Dec 22, 2013
BANGALORE: Bangalore witnessed a large drop in office space absorption of 39 per cent in 2013 as compared with last year. The city office space absorption this year is around 45.76 lakh square feet as against 75.17 lakh square feet last year.
Connaught Place now 7th costliest for office space
Dec 21, 2013
DELHI: Connaught Place has slipped two notches to become the world’s seventh costliest office destination due to slowdown in the realty market and fall in rupee’s exchange rate, property consultant CBRE has said.
Office space absorption down 25% in 2013: Cushman & Wakefield
Dec 21, 2013
MUMBAI: The total net office space absorption recorded a 25 per cent decline across top eight cities over the last year at 23 million square feet (msf), according to the annual estimations by global real estate consultancy Cushman & Wakefield.
Over 150 million sq ft of new office space by 2017: CBRE
Nov 27, 2013
DELHI: The commercial office segment of India’s top cities is expected to see fresh supply addition of more than 150 million sq.ft by end-2017. According to CBRE Research, the next four to five years (including the concluding months of 2013) are slated to see the completion of a number of under construction and planned commercial office projects—almost comparable to the existing Grade A office space of India’s National Capital Region (NCR) and its financial capital put together.
Investment in office spaces: Diversifying real estate portfolio
Nov 26, 2013
DELHI: Investment in offices is a great way to earn high rental income and profit from capital appreciation. Office space and retail are the two key components of commercial real estate.
Rentals to remain under pressure on lower supply: Experts
Nov 12, 2013
MUMBAI: Decline in supply of additional office space is likely to put pressure on rental values in the coming quarters, even as the demand is expected to be moderate, industry experts say.
Rental values largely stable in Mumbai in Q3 2013, says CBRE
Nov 12, 2013
MUMBAI: Mumbai witnessed sluggish commercial leasing activity during the third quarter of 2013. The micro markets of Lower Parel, Thane and Navi Mumbai witnessed high traction and were the preferred regions for office space leasing. Rental values in Mumbai remained largely stable with marginal dip in the central business district (CBD) and alternative business district (ABD) locations, according to the findings of CBRE’s latest report, India Office Market View Q3 2013.
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.
IT sector drives commercial space demand in Bangalore
Oct 09, 2013
BANGALORE: Bangalore office market is expected to absorb around 8 million sq ft by end-2013 followed by revival in demand from IT/ITeS sector.
Office space leasing drops 20% q-o-q in July-September 2013
Oct 03, 2013
DELHI: The impact of the slowdown is being felt on the office market with leasing of space dropping by 20% in the July to September quarter of 2013 compared to the previous quarter, says a DTZ report. Corporates leased 6.8 million sq ft of space in the quarter.
Office space absorption to reach 132 million sqft by 2017: Report
Oct 02, 2013
MUMBAI: Bullish on the revival of the economy after general elections, real estate consultancy firm Cushman & Wakefield expects nearly 132 million sqft of office space, across the eight major metros, to get absorbed by 2017.
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.
Office space absorption increases, but rentals low in Mumbai
Aug 12, 2013
MUMBAI: HSBC recently leased 1.8 lakh sq ft at Nesco IT Park in Goregaon for a monthly lease rent of about Rs 1.8 crore or Rs 95 per sq ft a month. In May, UK-based banking major Barclays leased 1.8 lakh sq ft of space at Nirlon Knowledge Park in Goregaon for its back-end operations at Rs 95 per sq ft.
L&T Infocity to divest stake in Hitex
Aug 07, 2013
HYDERABAD: L&T Infocity has offered to sell office space in two of its marquee projects in the IT hub of Hyderabad and divestment of stake in Hitex exposition facility.
Bank of India to buy Standard Chartered's office space in Delhi's Connaught Place for Rs 125 crore
Jul 31, 2013
DELHI: Bank of India is buying 36,000 sq ft of office space in the upmarket Connaught Place of Delhi from Standard Chartered Bank for about Rs 125 crore, according to people close to the deal.

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