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Malls in India need to reinvent themselves
Source: Financial Chronicle Dec 10, 2015
It comes as no surprise that organised retailing is projected to grow at the rate of 25-30% per annum to touch $75 billion by 2017.

The mall segment in India’s real estate sector has seen massive transformation in the last two decades. From a cluster of few stores selling branded goods along with couple of restaurants and coffee shops tucked in a corner, malls today have not only grown exponentially in size, they also offer a wide variety of options to the shopaholic, gigantic food courts with an eclectic menu and a host of entertainment activities, including multi-screen cinema halls

... more
Smart home market to record 30% growth year-on-year: Report
Source: The Hindu Business Line Dec 10, 2015
State laws are against the idea of ‘ease of doing business’ and the Centre and States need to be in sync with respect to approvals and taxation in real estate business, Getamber Anand, President, Confederation of Real Estate Developers’ Associations of India (CREDAI) said on Wednesday. ... more
Amazon, e-commerce rivals fuel commercial property boom in India
Source: The Star Jan 26, 2015
Internet retailer Amazon and its fast-growing local rivals are driving a boom in commercial property leasing in India as their storage needs rise, with shoppers in the country going online to buy everything from televisions to groceries. ... more
Office space leasing grows 11 percent in 2014
Source: The Economic Times Jan 13, 2015
Office space leasing increased by 11 per cent last year to nearly 30 million sq ft in seven major cities on higher demand from corporates looking for expansion, according to property consultant JLL India. These seven cities are - Delhi, Mumbai, Bangalore, Chennai, Pune, Hyderabad and Kolkata. ... more
Office space demand to grow by 7% in 2014: DTZ
Source: The Economic Times Mar 23, 2014
Office space absorption is likely to rise 7 per cent this year to 29 million sq ft in India's 7 major cities as corporates look at expanding businesses, says global real estate consultant DTZ. ... more
Demand for office space set to perk up
Source: The Times of India Jan 07, 2014
In 2014, the real estate market is likely to see an increase in activity. Sanjay Dutt, Executive Managing Director (South Asia), Cushman and Wakefield, says, “With the economy expecting more stability in the post-election phase from 2014, the absorption trend is also expected to pick pace, especially in established markets of Bangalore, Mumbai, and the NCR.” Dutt says that the office market is expected to remain attractive for occupiers with steady increase in absorption. “We expect growth to set in from the second half of 2014, when an increase in leasing activities on account of entry of new companies into the country, the expansion of existing companies, and indeed relocation and consolidation activities that are expected to continue kick in,” Dutt said. ... more
Mall space availability to rise to over 95 mn sq ft in 2015
Source: The Economic Times Dec 26, 2013
Total mall space availability across seven top cities is expected to increase by almost 26 per cent to 95.7 million square feet by 2015, a recent survey said. The stock in Bangalore, Chennai, Delhi, Kolkata, Hyderabad, Mumbai and Pune is expected to increase from 76 million sqft in 2013 to 95.7 million sqft in 2015, said a survey by property consultant Jones Lang LaSalle. ... more
Global funds pump in more money into commercial realty
Source: Business Standard Nov 27, 2013
A fall in valuations, better prospects and proposed real estate investment trusts (Reits) are prompting foreign investors such as GIC, Blackstone and Ascendas to pump in large sums into commercial properties here. Back-of-the-envelope calculations show Blackstone and GIC-Ascendas will together invest at least Rs 7,000 crore in the commercial realty space in India. ... more
No new malls space helps lower mall vacancy to 14.5%
Source: The Times of India Nov 07, 2013
The overall vacancy levels in malls declined by 0.6 percentage to 14.51% on account of consistent leasing activities while supply has been only 0.77 msf gets added in Kolkata and Pune, states a latest report by Cushman & Wakefield. ... more
Krishnagar Sentrum launches Tower II at Krishnagar Sentrum on National Highway-34
Source: ET Bureau Aug 04, 2012
Shristi Infrastructure Development Corporation unveiled Tower II at Krishnagar Sentrum on National Highway - 34. Spread over 4.5 acres, the project represents the modern and international face of the traditional Bengal town, Krishnagar. It consists of 4 premium housing towers G+13 floors ... more
Tag: Commercial News, Indian real estate, property in india,Real estate in kolkata, property in kolkata,krishnagar properties
Giant leap for hiring: Facebook, Amazon lease space in Bangalore, Hyderabad
Source: ET Bureau Jul 27, 2012
Some of the world's biggest technology companies have booked acres of office space in Bangalore and Hyderabad, real estate agents said, indicating that investments are proceeding apace in the software sector despite a generally gloomy mood for businesses. Facebook, Amazon, Xerox and chipmaker AMD are among the companies that have leased office space in India's technology capital Bangalore, or in Hyderabad ... more
Tag: Commercial News, india real estate, bangalore properties, bangalore real estate, facebook in bangalore
World class retail and commercial plaza Aitorma Agartala Sentrum all set for launch in December 2012
Source: ET Bureau Jul 17, 2012
Construction and infrastructure development company Shristi is developing a world class retail and commercial plaza in Agartala - Aitorma Agartala Sentrum. The project, a joint venture between Tripura State Co-operative Consumer's Federation and Shristi, offers retail and commercial facilities coupled with world-class amenities in town ... more
Tag: Commercial News, india real estate, commercial properties in india, north east real estate
Demand for office leasing down by 21% in 2012 first half
Source: ET Bureau Jul 05, 2012
A slowing economy and a consequent postponement of expansion plans by corporates across sectors, especially IT/ITeS, has pulled down office space leasing by 21% in the first half of 2012. According to a report on the sector by global property advisory firm ... more
Tag: Commercial News, Indian real estate, property in india, commercial properties in india, office spaces in india
NCR to witness 48 million sq ft of new office space by 2014
Source: www.indianrealtynews.com Jul 02, 2012
The National Capital Region (NCR) is expected to witness an additional supply of 48 million sq ft of office space over the next three years which may lead to fall in rentals, realty consultant Knight Frank said. The bulk of the office supply would come up in Gurgaon ... more
Tag: Commercial News, india real estate, delhi properties, office spaces in delhi, delhi NCR real estate
Office space demand remained weak in January-March 2012: CBRE
Source: ET Bureau Jun 30, 2012
The demand for office space continued to weaken across India in the January-March 2012 quarter because of slowing economic growth. In Mumbai and the national capital region of Delhi, occupiers focused on relocation and consolidation to reduce their overall rental cost for office space. Deals for large sized spaces ... more
Tag: Commercial News, office spaces, commercial spaces in india, india properties
Bangalore has highest commercial space absorption in India
Source: economictimes.indiatimes.com Jan 12, 2012
There has been a surge in absorption of commercial space by eight per cent over the previous year at 35.5 million sq. ft. during last year across the country, according to global real estate consultants Cushman and Wakefield. ... more
Tag: Commercial News, Real estates in bangalore, Bangalore property
Infosys takes possession of land at Rajarhat
Source: The Times of India, Kolkata Nov 21, 2011
IT bellwether Infosys finally took possession of its 50-acre plot in Rajarhat on Friday. The Housing Infrastructure Development Corporation (Hidco) handed over the possession papers to the company with the plot map for drawing up building plans. ... more
Tag: Commercial News, commercial real estate, kolkata real estate, rajarhat
Realty giants stall mall projects
Source: The Times of India Nov 21, 2011
Big mall openings may pause with new projects drying up in the next one year after cash-strapped real estate developers rolled back investments into glitzy shopping complexes, leaving some retailers worried about their expansion plans. ... more
Tag: Commercial News, Mumbai real estate, commercial real estate
A contract is always open to registration according to the Indian Contracts Act
Source: Financial Times in The Economic Times Nov 13, 2011
The first thing that a real estate agent in India tells you is that registration for sale of land and apartments has been shut down and that you have no option but to buy through the illegal, mindless and back door route of getting a general power of attorney to a plot of land, an apartment or commercial establishment. ... more
Tag: Commercial News, India real estate, registration, sale, apartment, commercial
Construction at Infosys site to start soon
Source: The Times of India, Kolkata Oct 25, 2011
IT bellwether Infosys Technologies is expected to begin construction work on the 50-acre plot in Rajarhat Action Area III in another four months. ... more
Tag: Commercial News, commercial real estate, kolkata real estate
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