Tag: Commercial Space

Weak Office Space Absorption Hits Commercial Realty

According to some top real estate consultants’ reports office space absorption is weak in many top cities of India. This has adversely affected commercial realty. Commercial realty is affected badly by the weak office space absorption. In the opinion of Cushman & Wakefield and DTZ weak office space absorption is due to the sluggish IT […]

Bangalore: More about Office….Office.

While demand for residential space was mostly sluggish in 2011, demand for office and retail space remained healthy in Bangalore. The market for commercial space is estimated at 50 mil sq. ft. across the country. The average yearly absorption rates in Bangalore and NCR are about nine mil sq. ft. While six mil sq. ft. […]

SEZ growth may follow down track

The adverse effects of the Satyam fiasco are not only going to be felt by the IT industry. Even the real estate sector is worried. If global clients and investors in the IT domain decide that India is not the best place to dabble in for the moment, then there is going to be an […]

Unitech plans sale of assets to raise funds

In a bid to tide over the current financial crisis, Unitech, the second largest real estate developer in the country, is planning to raise money by selling some of its assets, such as hotels and commercial real estate. The company, which currently has a debt of Rs 8,200 crore, is also planning to rope in […]

Eighty Percent Of The Total Constructed Area For Financial Services In Mumbai

MUMBAI: India’s hottest property market, Mumbai, could see some shakeup in the commercial realty space. In a significant development, the Mahrashtra government has decided to allow all upcoming IT parks and IT specific buildings in the city to utilise 80% of the total constructed area for financial services, besides IT and IT enabled services. At […]

Hi-tech City Project In Kochi

Kochi will soon get international status with the upcoming of hi-tech city project worth five thousand crore rupees. The Bangalore-based Shobha Developers have signed up a MoU with the state government for setting up this hi-tech city. Sobha Hi-Tech City will be an incorporated city with focal point on research and development, knowledge dissemination, information […]

Naredco for cheap housing

National Real Estate Development Council (Naredco) is organising a National Conference on ‘Affordable Housing for All’. It will be held in New Delhi on 21 and 22 April 2008. The conference will be supported by Ministry of Housing and Urban Poverty Alleviation, Government of India and UN Habitat. Some of the other issues that will […]

Weak market to take toll on Real Estate

MUMBAI:Monday the stock exchange goes down by 950 points made the real estate industry jittery and on edge.Its really a bad news for the property investors to know the way market is reacting these days and really they would be facing some more problems till it become stable atleast. Pujit Aggrawal Developer from Orbit explains […]

Wonderla plans Rs 150 crore expansions

Wonderla, the amusement park promoted by the Kerala-based V-Guard, is looking to set up a theme park in Mumbai with an investment of Rs 150 crore. This will be the second one for the company after its theme-park at Bidadi near Bangalore. The company has already acquired around 80 acres and plans to acquire further […]