Hyderabad 3rd most affordable office location in 2011: Study
NEW DELHI: Hyderabad has emerged as the world’s third most affordable office location in 2011 in a list prepared by global realty consultant DTZ, which has also named Chennai and Pune among the top five such positions.
According to DTZ’s… Continue reading
Office space absorption rate in top 8 cities down 32%
New Delhi: Top eight Indian cities witnessed a decline of 32 per cent in absorption of office spaces during the January-March period this year, compared to the previous quarter, realty consultant Cushman & Wakefield said today.
In its report, the… Continue reading
Office space absorption drops by 32% in Jan-Mar: CBRE
New Delhi: Office space absorption fell by 32 per cent in the country’s seven major cities at 4.1 million sq ft during January-March period as compared with the year-ago period on global economic slowdown and fall in India’s GDP growth,… Continue reading
Unitech in talks to raise Rs 1,100 crore by leasing office space in Gurgaon
Ajay Chandra
NEW DELHI: Real estate firm Unitech Ltd is in talks with various financial institutions to raise around Rs 1,100 crore through lease rent discounting (LRD) of office buildings in its Gurgaon SEZ, which is a part of AIM-listed… Continue reading
Office space absorption sluggish in first three months of 2012: CBRE
CBRE South Asia
NEW DELHI: The first three months of 2012 have seen sluggish leasing of office space across key markets with only 4.1 million sq ft being absorbed, says property advisory firm CBRE South Asia.
The October-December 2011 quarter… Continue reading
Realty check: Mumbai slips off list of 10 most expensive office spaces
s Nariman Point has been dropped from the list of top 10 global commercial rentals. The commercial business district, which was the eighth most expensive office space in the world last year, has now slipped to 15th position.
According to… Continue reading
‘Mumbai no more among world’s 10 most expensive office sites’
New Delhi : Mumbai has lost its sheen of being in the top 10 most expensive office locations in the world for the first time in six years and slipped to the 15th position in the new list compiled by… Continue reading
Office space saw high vacancy last quarter
Mumbai: With the commercial market being hit by a slump after being on a high for the past two years, office space across Mumbai have recorded high vacancy levels in the last quarter of 2011. The impact has been felt… Continue reading
Noble Thamburaj planned to relax FSI on last day in office
s alleged role into an out-of-court settlement regarding a plot in cantonment area, another case throws light on how he, on his last day in the office of GOC-in-C, Southern Command, proposed an increase in FSI. Activists claim that the… Continue reading
IT/ITeS to drive demand for office space in 2012: Fitch
Mumbai: Riding high on the growth in the IT/ITeS sector, demand for commercial office space will continue to grow in 2012, a survey by Fitch Ratings said.
The rating agency, in its report titled “2012 Outlook: Indian Real Estate Sector”,… Continue reading