MUMBAI: Over 7,400 office space leases spanning around 90 million square feet area will come up for renewal in 2021 across the top six cities — Bengaluru, Mumbai, Pune, Chennai, Gurugram and Noida, as per the Anarock data. Data further reveals that 2021 has the highest lease expiry pipeline when compared to the next two […]
NEW DELHI: Rentals of prime offices in Bengaluru and Mumbai fell 8 per cent and 6.2 per cent, respectively, during January-March 2021 as compared to the year-ago period, according to a Knight Frank report. In its Asia-Pacific Prime Office Rental Index Q1, 2021 report, the consultant said the prime office rents in the national capital […]
NEW DELHI: India’s flexible space stock is expected to grow by 10-15% year-on-year from the current 36 million sq ft in the next three years, according to a report by CBRE. The report highlights that as of Q1 2021, Bengaluru holds a flex stock of 11.6 million sq ft which is the maximum in the […]
NEW DELHI: State-owned NBCC and Suraksha group, which are in the race to acquire Jaypee Infratech under the insolvency resolution process, have submitted revised bids and improved their offers for financial creditors. According to sources, NBCC and Suraksha group submitted their revised bids on Monday. Suraksha group has now offered a line of credit of […]
NOIDA: Mahagun Moderne Apartment Owners’ Association (AOA) on Tuesday said they have put together an infrastructure to create a 50 oxygen supported beds for residents of 7X sectors. The AOA said they have finally received a written order from the Gautam Budh Nagar district magistrate Suhas LY, allowing them to use the clubhouse and the […]
Indiabulls Housing Finance said on Tuesday it has decided to divest its mutual fund business to investment platform Groww for Rs 175 crore. Indiabulls Mutual Fund is one of India’s largest housing finance companies having a net worth of over Rs 16,500 crore. The company is engaged in providing home loans and loans to small […]
GURUGRAM: Following the guidelines given by the Gurugram district administration to open small Covid care centres in the residential society premises, around 48 Residents Welfare Associations (RWAs) in Gurugram have expressed a desire to open a Covid centre in their residential societies. Patients with pre-symptomatic, asymptomatic and very mild symptoms may be housed in these […]
NEW DELHI: Funds managed by Blackstone Real Estate have acquired Embassy Industrial Parks from Warburg Pincus and Embassy Group, Blackstone said in a media release. Embassy Industrial Parks comprises 10.6 million square feet of modern Grade A logistics and warehousing assets located across major industrial hubs in India including Bengaluru, Delhi NCR, Hyderabad, and Pune, […]
NEW DELHI: LafargeHolcim India, and its two operating companies, Ambuja Cements, and ACC, have provided 200 Oxygen concentrators in Delhi to help tackle the pandemic and support the community, the company said in a media release. The oxygen concentrators were transported on May 6, 2021 and supplied to four locations in the city – Guru […]
NEW DELHI: With an aim to boost listing of start-ups, markets regulator Sebi has notified a slew of relaxations to norms, including reducing holding period for pre-issue capital and allowing discretionary allotment to eligible investors. The changes have been made to the framework for listing on the Innovators Growth Platform (IGP), according to two separate […]
The National Real Estate Development Council (NAREDCO) for Uttar Pradesh has written to the Real Estate Regulatory Authority (RERA) of the state asking for a six months automatic extension for compliance of various orders issued by the authority after construction activities at all real estate projects have come to a complete standstill with the escalation […]
CHANDIGARH: The Chandigarh municipal corporation has earned Rs 12 crore in the first month of the rebate period for property tax payers of both commercial as well as residential properties. The received amount is significant, especially during the ongoing period of Covid-19 pandemic. Since the two-month rebate period started from April 1 and will continue […]
