COMMERCIAL SPACE
Bengaluru office stock set to touch 330-340 mn. sq. ft. by 2030, highest in India Bengaluru, leading India's office space to 330-340 million sq. ft. by 2030, shows a 41% GCC leasing share. Main areas include ORR, Whitefield, and North Bengaluru, with 15-16 mn sq. ft. annual absorption and competitive rents. The city’s ease of doi...
10 Jul, 2024, 07.47 PM ISTRedbrick Offices acquires properties in Mumbai’s Andheri for Rs 267 crore Redbrick Offices, a coworking and managed space provider, has acquired nearly 90,000 sq ft of commercial properties in the Marol locality of Mumbai's Andheri suburb. The acquisition, totaling over Rs 267 crore, involves office space spread over thre...
10 Jul, 2024, 12.04 AM ISTOffice space leasing declines by 2% in Q1FY25 Leasing activity in Q2 2024 reached 17.2 million square feet, reflecting a slight decrease of 2% compared to the previous quarter. However, new office space supply surged by 64% quarter-on-quarter to 10.8 million square feet. Bengaluru maintained it...
09 Jul, 2024, 02.35 PM IST- ADVERTISEMENT
Tata Realty plans to triple its office space portfolio in 7 years On launching a real estate investment trust (REIT), Sanjay Dutt said, “Those options are always there. At that point in time, we will take a call. We don't want to comment right now because it's very fluid. Rightnow, our goal is to scale our portfol...
09 Jul, 2024, 11.12 AM ISTRetailers focusing on main streets for new store opening According to Cushman & Wakefield, the continued dominance of main street retail leasing is owing to limited new mall openings and a strong demand for high-quality retail spaces.
08 Jul, 2024, 01.58 PM ISTElon Musk's SpaceX to launch Polaris Dawn. Astronauts to take first commercial spacewalk, go farther from Earth than any other mission Elon Musk's SpaceX will launch the "Polaris Dawn" mission, which will take four persons 870 miles from Earth, the furthest distance in more than 50 years. In addition to testing in-orbit communications, the crew will carry out high-altitude exercise...
05 Jul, 2024, 08.00 PM ISTCorporates embrace more flexibility amidst the hybrid work model About 30% of occupiers are expected to expand their use of flexible office space over the next 12 months, while 17% are likely to consolidate their offices into fewer locations, CBRE said in its latest ‘2024 India Office Occupier Survey’.
02 Jul, 2024, 06.19 PM ISTUnveiling Unicorn Offices: A new era of boutique workspaces at Marathon Futurex, Lower Parel Experience the dynamic environment at Unicorn Collection, Marathon Futurex, curated by Marathon Group to foster innovation and growth for entrepreneurs in a prime business district.
02 Jul, 2024, 06.00 PM ISTChinese rocket accidentally launches during test, then crashes Because of a "structural failure," the Tianlong-3 rocket separated from its testing platform while its propulsion system was being tested and lifted off from its launchpad, the rocket's owner Space Pioneer said in a statement. The accident occurred ...
01 Jul, 2024, 06.44 PM ISTSattva Group targets 85 pc growth in housing sales to Rs 6,500 cr this fiscal: MD Bijay Agarwal Realty firm Sattva Group is bullish on India's housing market and will launch many projects to achieve 85 per cent growth in sales of residential properties to around Rs 6,500 crore this fiscal, a top company official said. In the 2023-24, Bengaluru...
30 Jun, 2024, 02.35 PM ISTSSLV's first dedicated commercial launch to put Australia-built satellite into orbit in 2026 NSIL and Space Machines Company have announced that their newest rocket, the SSLV, will launch its first dedicated commercial launch with the Optimus satellite. The launch will set the stage for Space Machines Company's second Optimus spacecraft, th...
26 Jun, 2024, 06.36 PM ISTSattva Group to invest Rs 12,000-14,000 crore in diversification over next three years “The funding for the initiative will be structured with a combination of equity, debt and sales. Approximately 20% of the funding will be in equity, while the remainder will be sourced from debt and sales proceeds,” he told ET. “Our approach to debt...
25 Jun, 2024, 06.51 PM ISTAmitabh Bachchan buys more office properties in Mumbai Andheri suburb Bollywood legend Amitabh Bachchan expands his Mumbai property portfolio with the purchase of three office spaces in Oshiwara for Rs 60 crore. This acquisition adds to his existing commercial holdings, with a focus on real estate investments alongsid...
25 Jun, 2024, 05.52 PM ISTUnity Small Finance Bank inks pact to acquire office space worth Rs 393 crore The developer of the Santacruz project received a letter of intimation (LOI) and approval from the Slum Rehabilitation Authority for the project in August 2023. It has also acquired additional land adjacent to the existing plot and is expected to ap...
21 Jun, 2024, 06.52 PM ISTIMC India leases office in Mumbai’s BKC at Rs 700 per sq ft/month for short tenure The company has leased nearly 43,000 sq ft office space on the 34th floor of sea-view premium commercial tower Altimus in central Mumbai for a long-term tenure of 10 years at monthly rental of Rs 350 per sq ft.
14 Jun, 2024, 06.07 PM ISTInfra push, talent access helps satellite cities reshape India's commercial realty India's commercial real estate landscape in satellite and tier II cities is undergoing significant transformation due to robust infrastructure development, strategic urban planning, talent availability, and lower cost of living. Cities like Navi Mum...
29 May, 2024, 06.29 PM ISTGodrej & Boyce sells 58,500 sq ft office space in Mumbai’s Vikhroli to Godrej Industries The office space on the 9th floor has already been leased to managed flexible workspace provider Simpliwork Offices for a period of 60 months until March 31, 2026. This lease will also be transferred to Godrej industries as the new landlord, showed ...
27 May, 2024, 08.38 PM ISTStrata Buys Puma HQ in Bengaluru for Rs 115.4 crore Strata, a major Indian real estate investment platform, acquired 140,000 sq ft office space in Bengaluru for Rs 115.45 crore, housing Puma's headquarters. Sudarshan Lodha, CEO, confirmed the deal, marking Strata's eighth asset in Bengaluru and cross...
16 May, 2024, 11.11 AM ISTM3M to lease 1.5 million sq ft of commercial space in 2024-25 Company’s one-million square feet, International Financial Centre (IFC) at Golfcourse Extension Road is already 100% occupied while 700,000 square feet office space project, Urbana Business Park (UBP), is also has 75% occupancy.
12 May, 2024, 08.01 PM ISTEmbassy REIT to invest Rs 3,800 cr in 4 years to complete construction of 61 lakh sq ft office space To expand its portfolio, Aravind Maiya, Chief Executive Officer of Embassy REIT, said the company is constructing 6.1 million (61 lakh) square feet of premium office space in Bengaluru to cater to rising demand from global capability centres (GCCs) ...
06 May, 2024, 11.58 AM IST