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 […]
Q3 business for Rel Retail, Avenue Supermarts, Titan etc, surpasses pre-Covid levels Source : ETT / IST / https://economictimes.indiatimes.com/industry/services/retail/Top Retailers Put Up a Top-Level Show/88745778 Sales of top retailers such as Reliance Retail, Shoppers Stop, Aditya Birla Fashion & Retail (ABFRL), Avenue Supermarts, Bata and Titan surpassed pre-Covid levels in the October-December quarter, with Reliance […]
Source : 09 Feb 2022 / IST / https://www.thequint.com/coronavirus/coronavirus-covid-19-omicron-new-cases-daily-live-updates-india-9-february At the DeskSome offices have already opened; others planning to do so in March-April Cos say they will monitor developments closely to ensure employee safety IN OFFICE Motilal Oswal, RPG Group, ITCSTARTING SOON KPMG (mid-Feb), Deloitte (March), Axis Bank (mid-Feb), Cognizant India (Aar) Most cos expect […]
Source : ETT / Jan 07, 2022 / IST / https://economictimes.indiatimes.com/industry/services/retail/shoppers-give-malls-a-miss-as-third-wave-hits/articleshow/88745779 Biz see swift recovery as shoppers throng shops and eateries as restrictions ease NEW DELHI: Consumer goods companies, retailers, malls and restaurant owners expect a swift recovery from the third wave of the pandemic, with consumers returning to shops and eateries in cities as […]
Source : ETT | Jan 29, 2022, IST | https://economictimes.indiatimes.com/industry/renewables/haryanas-ev-policy-to-create-infrastructure-in-office-parks-housing-societies/articleshow/89195750\ The Haryana government’s draft EV policy, which proposes charging stations at commercial complexes, housing societies, and residential sq m, will help faster adoption of EVs and create better infrastructure incities like Gurgaon and Faridabad, according to real estate developers and brokerage firms.”EVs are going to […]
Source : ETT Jan 30,2022 IST | https://economictimes.indiatimes.com/industry/services/property-/-cstruction/curated-living-may-invest-rs-1500-crore-to-expand-footprint/articleshow/89213844 Curated Living Solutions plans to invest Rs 1,500 crore in developing and operating co-living, student housing and industrial housing facilities across the country, said its CEO Jai Kishan Challa.The Bengaluru-based company aims to expand to 10,000 beds by March, from about 7,000 beds at present, and to […]
Source : https://economictimes.indiatimes.com/industry/services/property-/-cstruction/amazon-in-talks-to-lease-space-at-dlfs-new-project-in-gurgaon/articleshow/88941340 / Jan 17,2022, 07:41 AM IST Ecommerce giant Amazon.com is intalks with realty developer DLF NSE 0.58 % to take on lease over 600,000 sq ft ofoffice space at its upcoming project ‘Downtown Gurgaon’, three people aware of the development said. During its Q2 analysts call in October, DLF had said it […]
Source : https://www.hindustantimes.com/cities/delhi-news/work-on-new-ring-road-to-unclog-delhi-kicks-off-101642184889741 / Jan 15, 2022 01:08 AM IST The National Highways Authority of India (NHAI) has started construction work on the much-delayed Urban Extension Road-II (UER-II) project, also referred to as the third Ring Road of Delhi, senior NHAI officials said. The road is expected to be ready by October 2023 they added.Conceived […]
Source : https://www.moneycontrol.com/news/business/commercial-realty-market-likely-to-touch-32-million-sq-ft-in-2022-if-omicron-impact-is-mild-7869611 The first quarter of 2021 saw office occupiers adopting a cautious approach while reviewing commercial real estate requirements. With increasing fears of a resurgence in the Covid-19 pandemic in the second half of March, certain occupiers went into wait-and-watch mode. The leasing momentum subsequently picked up after the second wave.A report by […]
