Category: Commercial Property

Facebook extends its office space in Mumbai’s BKC area with a new lease and renewals.

July 24, 2021

Facebook has taken 90,000 sq . ft in commercial tower One BKC in Mumbai’s business hub Bandra-Kurla Complex (BKC) through renewal and new lease agreements with Blackstone Group. The office space is being enlarged, and the firm is preparing for a cautious return to work for its employees. Several major corporations are extending their workplace […]

Facebook extends its office space in Mumbai’s BKC area with a new lease and renewals.more

In the event of a lockdown, retailers have stated that they will only pay rent in proportion to their actual business.

July 16, 2021

The top retailers and restaurant chains such as Reliance Retail, Madura Fashion & Lifestyle, Domino, Plum by Bent Chair, Mamagoto, Farzi Café, Lee, Wrangler & Cafe Warehouse, etc., insist on introduction of clauses in all new leases, which state that in the event of government-mandated closures of stores and business, they do not pay rent […]

In the event of a lockdown, retailers have stated that they will only pay rent in proportion to their actual business.more

The Adani Group takes over the management of Mumbai International Airport from the GVK Group.

July 14, 2021

On July 13, Adani Group Chairman Gautam Adani announced that the Adani Group has taken over management of Mumbai International Airport from the GVK Group. Following a MIAL board meeting earlier on July 13, the Adani Airport Holdings Limited (AAHL) took over managerial control of MIAL from the GVK Group. Gautam Adani stated: “We are […]

The Adani Group takes over the management of Mumbai International Airport from the GVK Group.more

Realtors transform commercial projects into residential in the face of severe demand.

July 9, 2021

With the Covid-19 outbreak dampening commercial real estate demand, numerous realtors have transformed commercial projects into residential ones. So far this year, approximately 25 commercial projects have been converted to residential designs. Revised building designs for 20 commercial developments in Ahmedabad Municipal Corporation areas have been approved (AMC). Five more projects in Ahmedabad Urban Development […]

Realtors transform commercial projects into residential in the face of severe demand.more

Bengaluru’s prime office rental falls by 8%, while Mumbai falls by 6.2% in the first quarter of 2021.

May 12, 2021

According to a Knight Frank report, prime office rentals in Bengaluru and Mumbai dropped 8% and 6.2%, respectively, from January to March 2021 versus the preceding year. According to the consultant’s Asia-Pacific Prime Office Rental Index Q1, 2021 survey, prime office rents in the national capital region (Delhi-NCR) fell by just 1% from January to March […]

Bengaluru’s prime office rental falls by 8%, while Mumbai falls by 6.2% in the first quarter of 2021.more

OMAXE CHOWK – Chandni Chowk, Delhi – Next-Gen Shopping destination with iconic design, unmatched features, modern amenities and more

January 10, 2021

If you have been looking for Asia’s largest wholesale market to cater to all your needs as a retailer, a buyer and an investor, Omaxe Chowk is your ideal destination. Strategically located in the heart of Chandni Chowk, Omaxe Chowk is the largest development in Chandni Chowk so far. This 22-metre high building is expected […]

OMAXE CHOWK – Chandni Chowk, Delhi – Next-Gen Shopping destination with iconic design, unmatched features, modern amenities and moremore

What is the Government’s “Ownership Scheme”?

October 24, 2020

The Central government has recently launched an important scheme for people living in rural areas. Its name is the Government’s ‘Ownership Scheme’. Prime Minister Narendra Modi launched the scheme on 24 April 2020 on National Panchayati Raj Day. They will be given property cards. Introducing the scheme, the PM distributed property cards to some people. […]

What is the Government’s “Ownership Scheme”?more

ICRA predicts overall real estate inventory to decrease by 40-60%.

August 29, 2020

ICRA expects the combined sales volume of the completed and under-structured inventory to decrease by 40-60% due to Covid-19 for the current year. The preference for a completed inventory is therefore expected to continue to favour developers with a greater share of these projects. It anticipates that expenditure on ongoing projects will decrease by approximately […]

ICRA predicts overall real estate inventory to decrease by 40-60%.more

HDFC bank pays 20% less rent to the landlord due to pandemic lockdown.

August 27, 2020

Recently, the owner who leased his four-story building at the Regional Office of the HDFC Bank in Indore paid a 20% lower rent from the HDFC Bank. The landlord had no choice but to accept this since he could not know whether he could get another customer to occupy all four floors of the building. […]

HDFC bank pays 20% less rent to the landlord due to pandemic lockdown.more

Edelweiss ARC plans to auction DB Realty plot as it defaulted Rs 439 crore.

August 20, 2020

More than a decade ago, this prime sea-side plot of the Charni Road in southern Mumbai was to build the country’s tallest 125 storey luxury hotel. Some years later, a plan was revised and two 60-story residential towers were built on the 2.2-acre land. However, all of the plans have been void. The land would […]

Edelweiss ARC plans to auction DB Realty plot as it defaulted Rs 439 crore.more

Category: Commercial Property

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