Page 85 - Real Estate

315Work Avenue expands in Pune, touches 100K sq ft office space at ITPP

315Work Avenue manages a portfolio of approximately 2.5 million square feet, offering around 50,000 seats across prime locations in Bengaluru, Chennai, Mumbai, and Pune

Sumadhura Group leases warehousing space to Nippon Express in Bengaluru

Sumadhura has signed a 9-year lease agreement to provide ready-to-move-in warehouse space at its logistics park to global logistics player NX Logistics India

Domestic firms take up 47% of total office space demand since 2022: CBRE

Domestic companies have taken 47 per cent of the total 154 million sq feet of office space leased since 2022 calendar year across nine major cities and the dominance of global firms particularly from the US has come down, according to CBRE. The real estate consultant CBRE noted that the share of domestic companies was one-third of the total office demand before 2022. CBRE's latest report India Inc's Ascension - The Rise of Domestic Firms as an Office Demand Driver showed that domestic companies accounted for nearly 47 per cent of overall office leasing activity from 2022 to H1-2024 "The total office leasing by domestic firms during 2022-H1 2024 period stood at 72 million square feet across the 9 cities. The total office leasing during this same period stood at around 154 million square feet. The nine cities include Delhi-NCR, Mumbai, Bangalore, Chennai, Hyderabad, Kolkata, Pune, Kochi and Ahmedabad," the consultant said. Anshuman Magazine, Chairman & CEO, India, Southeast Asia, ...

Credvest Acquires Weown: A Major Boost to Bangalore's Real Estate Sector

.

Indian cos raise $6 bn from private credit in first-half 2024: EY report

Real estate, healthcare firms push private credit deals to record high

Britain's Rightmove rejects $7.3 bn takeover offer from Murdoch's REA Group

REA, which is 62 per cent owned by Rupert Murdoch's News Corp , did not cite any reason for the offer's rejection by Rightmove

Century Textiles acquires Rs 1,100 crore prime land from Nusli Wadia

The land parcel adds an approximate booking value potential of Rs 14,000 crore to the company

Golden Growth Fund to raise Rs 400 cr to build realty projects in Delhi

Golden Growth Fund, which is a real estate focused Alternative Investment Fund (AIF), plans to raise Rs 400 crore from investors to buy land and develop real estate projects in the national capital. In a statement, Golden Growth Fund, a Category 2 AIF, said it has successfully secured Rs 25 crore in the first funding round, which concluded last month. "This initial capital infusion will be used to acquire a prime land parcel in South Delhi," it said. The acquisition is the first project under its strategic plan to develop high-end residential properties in the region. Grovy India Ltd, which has completed over 100 real estate developments in Delhi, will construct this project. "This first closing of the fund is a significant step forward in our mission to transform the luxury real estate landscape in Delhi. "Our commitment to acquiring and developing premium land parcels in South Delhi is now being realized, and we anticipate that our ongoing funding efforts will further solidify o

Delhi NCR drives 65% of luxury home sales this year, Gurugram leads

Over a quarter of the launches in the first half of 2024 in Delhi NCR were priced at Rs 5 crore and above

Bhive leases 77k sq ft Grade A office in Indiranagar at Rs 8.5 cr annually

The cutting-edge B+G+3 building is poised to offer high-end office amenities and is strategically positioned for connectivity

Awfis enters into biz transfer pact with SMS Integrated Facility Services

Furthermore, the transaction will be cash flow accretive, freeing up working capital and leading to an improved working capital cycle

Incuspaze takes on lease 325k sq ft office space in Bengaluru to expand biz

Coworking firm Incuspaze has taken on lease 3.25 lakh sq ft office space in Bengaluru to expand its business and cater to the rising demand for managed flexible workspace. The company has taken space in the QUBE Software Park, Outer Ring Road (ORR) Bengaluru. The new facility will have the capability to accommodate more than 5,000 seats. Last month, Incuspaze had taken on lease 1.56 lakh sq ft office space in Whitefield, Bengaluru. "Our expansion into this prestigious location is a testament to our commitment to providing top-tier workspaces in prime business environments. "Additionally, the availability of large land parcels and proximity to an established IT talent pool and residential hubs make the Outer Ring Road one of Bangalore's most attractive IT growth corridors," Incuspaze Managing Partner Sanjay Chatrath said. Incuspaze founder and CEO Sanjay Choudhary said, "This collaboration marks a significant step towards fostering innovation and creating a vibrant ecosystem for .

378 housing projects with 146,000 units stalled in 5 UP cities: PropEquity

Five major property markets in Uttar Pradesh, including Noida and Greater Noida, have 378 stalled housing projects, comprising nearly 1.46 lakh units, according to PropEquity. Real estate data analytic firm PropEquity data showed that as many as 378 housing projects comprising 1,45,880 units are stalled across Noida, Greater Noida, Ghaziabad, Lucknow and Agra in Uttar Pradesh. As per the data, Greater Noida has 167 stalled projects with 74,645 units. Noida has 103 stalled housing projects comprising 41,438 units, while Ghaziabad witnessing 50 stalled projects with 15,278 units. Noida, Greater Noida and Ghaziabad are important property markets in the Delhi-NCR. Lucknow -- the capital of Uttar Pradesh -- too has 48 stalled housing projects comprising 13,024 units. Agra property market has 10 stalled projects with only 1,495 units. Overall, PropEquity data showed that 1,981 residential projects are stalled across 42 cities, totalling 5.08 lakh units. Of these stalled projects, as

China property developer Country Garden makes PwC resign as auditor

PwC has been in focus over its role in auditing China Evergrande Group which was accused of a $78 billion fraud, triggering a client exodus, cost cuts and layoffs

CapitaLand Investment to double funds under management in India by 2028

Eyes private credit for real estate, renewable energy

Landmark Group to invest Rs 4,200 cr in 2 yrs for projects in Delhi-NCR

Realty firm Landmark Group will invest Rs 4,200 crore to develop a new housing and commercial project in Delhi-NCR as part of its expansion plan. In a statement, Gurugram-based Landmark Group said it is gearing up to expand its business portfolio with the robust project pipeline. "The company is investing Rs 4,200 crore in the next two years to launch a mix of projects in the luxury housing, retail, and commercial segments," it added. Landmark Group said its upcoming projects are located in micro-markets of Gurugram like Dwarka Expressway and New Gurugram. Sandeep Chhillar, Chairman & Founder of Landmark Group, said, "The real estate sector is flourishing and Gurugram's realty market growth has been impressive over the last couple of years." "Gurugram and its micro-markets continue to be the preferred investment destination for investors and buyers across residential, retail, and commercial segments. With our expansion plan, we aim to cater to the burgeoning demand in the region .

Max Estates shares rise over 3% on successfully raising Rs 800 cr from QIBs

Max Estates share price moved up after the company on Tuesday announced that it has successfully raised Rs 800 crore allotting equity shares to 25 qualified institutional buyers (QIBs)

Ajay Devgn leases out his office in Mumbai's Andheri for Rs 7 lakh a month

Devgn's office is situated in Signature Tower, and is developed by Lotus Developers.

Brigade Enterprises up 5% after launching Rs 1,500 crore QIP

Brigade Enterprises launched a Rs 1,500-QIP after market hours on Monday

Buy Macrotech & Sunteck; Hold Oberoi Realty & Godrej Prop, suggests Nuvama

The analysts believe that factors like healthy leverage, an increased focus on business development, and the potential for interest rate cuts will boost sales in the city.