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Source : TOI / 10th March / IST / https://timesofindia.indiatimes.com/city/gurgaon/kherki-toll-shift-once-dwarka-e-way-complete-says-gadkari/articleshow/90110846 Residents of Gurgaon’s new sectors will have to live with the Kherki Daula toll plaza for some more months, with Union road transport and highways minister Nitin Gadkari on Wednesday saying that it will be shifted only after the completion of the Dwarka Expressway. Removal […]

The lease takes global investment bank’s total deal size to 1.5 million sq ft, stacking it among the largest office transactions in India. Source : ETT / 5th March 2022 / https://realty.economictimes.indiatimes.com/news/commercial/morgan-stanley-leases-3-35-lakh-sq-ft-office-space-from-oberoi-realty-in-mumbai/89959979 Global investment bank Morgan Stanley has picked up 3.35 lakh sq ft of office space in commercial tower Oberoi Commerz III in the […]

The company which currently runs 10 Coworking offices in Delhi NCR, plans to open 4 new offices in the next six months. This expansion is a result of strong demand for flexible workspace post covid. Source : ETT | 5th March 2022 | https: //realty.economictimes.indiatimes.com/news/commercial/the-office-pass-to-add-1300-seats-in-ncr/89949929 Coworking operator The Office Pass (TOP) will add about 1300 […]

Houses are getting smaller and cheaper since 2016-2021. This is because the completion of smaller units is much faster. People nowadays press on timely deliveries and developers are under pressure to complete the projects on time. A report by Anarock Property Consultants states that the average size of houses has reduced from 1,550 square feet […]

A 1.3 times rise over 2019-2021; demand to be led by fintech, logistic cos Source : ETT / 28th Feb / IST / https://economictimes.indiatimes.com/tech/startups/startups-expected-to-lease-29m-sq-ft-in-2022-2024/articleshow/89877059 Startups are expected to lease about 29 million sq ft between 2022 and 2024, a 1.3-times increase over the 2019-2021 period, said a joint report by Colliers and CRE Matrix. Some […]

The best comes out of the worst. This statement is quite literally true in the case of this welcome change in the real estate sector. The change is the possibility of a complete virtual shift of the market. It might still seem ridiculous to many who believe that there isn’t really an alternative to physically […]

Source : Feb 22, 2022 | IST | https://economictimes.indiatimes.com/news/company/corporate-trends/india-inc-all-set-to-welcome-staff-back-to-offices/articleshow/89733774 Many cos across sectors have already either switched to, or will soon restore, 100% presence as Covid subsides and states relax restrictions India Inc seems to be ready to go back to the office. Several Indian companies will be getting their employees in full time as […]

Source : HT / Wednesday, Feb 16, 2022 / https://www.hindustantimes.com/cities/delhi-news/delhi-development-authority-plans-international-business-and-industrial-hub-in-dwarka-101630693942186 The Delhi Development Authority (DDA) plans to develop an international business and industrial hub at sectors 24. 25 and 26 in Dwarka, for which it will select a consultant to prepare a detailed layout plan, said officials aware of the development. The International Business, IT […]

Last lockdown, there was an immense pressure for real estate builders to sell off their properties as soon as possible. With a lack of liquidity in the market, they had to sell their high valued inventory at a lower price to avoid defaulting on loan repayments. Currently the country’s real estate inventory overhang is at […]

Source : ETT / Feb 2022 / IST / https://economictimes.indiatimes.com/industry/services/property-/-cstruction/adia-backed-lake-shore-acquires-viviana-mall-from-ashwin-sheth-gic-for-rs-1900-crore/articleshow/89511350 In the largest ever transaction for any retail asset in India, the Abu Dhabi Investment Authority-backed Lake Shore India Advisory has acqu-ired Viviana Mall in Thane 11 from Singapore’s sovereign wealth fund GIC and realty developer Ashwin Sheth Group for over Rs 1,900 crore, said […]