New Delhi: Max Estates has entered into a Joint Development Agreement (JDA) with Namo Realtech Private Ltd to develop a group housing project on Dwarka Expressway in Gurgaon. The land is next to Krisumi Waterfall Residences by Krisumi Corporation, a joint venture between Japanese conglomerate. Sumitomo Corporation and Indian auto components major Krishna Group. This […]
Multinationals draw up plans to build captive facilities here for global cos Bengaluru: Leasing of office space for setting up global capability centers (GCCs) could pick up in the medium term, as more multinationals draw up plans to build such captive facilities in India to serve their operations globally, according to experts in the real […]
Source : ET Realty / https://realty.economictimes.indiatimes.com/news/commercial/office-space-demand-recovery-gets-broad-based-as-small-mid-sized-deals-pick-up/93671012 Listed Real Estate Investment Trusts (REITS) and realty developers with sizable office real estate portfolios have started witnessing increase in transactions for 10,000 sq ft to 50,000 sq ft and even boutique offices in addition to large transactions getting concluded. The recovery in commercial real-estate, especially office spaces, after […]
Source : ETT / https://m-economictimes-com.cdn.ampproject.org/c/s/m.economictimes.com/industry/services/property-/-cstruction/leasing-of-flexible-workspace-by-corporates-up-59-pc-in-apr-jun-to-over-28000-desks/amp_articleshow/93089779 Leasing of flexible workspace by corporates rose 59 per cent in April-June at 28,167 desks across top eight cities as they are embracing managed office space amid uncertainties, according to Cushman & Wakefield. Enterprises had leased 17,691 seats in coworking centres in the April-June quarter of last year across eight […]
Source : HTT / https://www.hindustantimes.com/cities/delhi-news/dwarka-e-way-delayed-to-now-wrap-up-in-2023-101657583968956 The 29 kilometre-long corridor, which will also be the country’s first urban elevated expressway, was earlier slated to be ready by this August. “Now, the entire stretch will be ready by September 2023.The Dwarka Expressway, which is being built to reduce the Delhi-Gurugram traffic on National Highway-8 (NH-8) by about […]
Source : https://www.modernforce.com/airport-express-to-travel-deeper-into-dwarka-metro-begins-trials/ The Delhi Metro Rail Corporation (DMRC) on Sunday started trial runs on a 2km-long stretch between Dwarka Sector 21 and the upcoming India International Convention Centre (IICC) Metro section (Dwarka Sector 25) on the Airport Express Line, in a bid to provide better connectivity to Dwarka, said officials. The upcoming IICC Metro section […]
Source : BST / https://www.business-standard.com/article/international/return-to-office-or-get-out-elon-musk-s-ultimatum-to-tesla-employees-122060100815_1 Elon Musk weighed in on the return-to-office debate on Twitter by elaborating on an email he apparently sent to the electric-car maker’s executive staffThe world’s richest man appears to have had it with this whole working-from-home business.Elon Musk, chief executive officer of Tesla Inc., weighed in on the return-to-office debate […]
Source : ETT / https://economictimes.indiatimes.com/industry/services/property-/-cstruction/institutions-bet-big-money-on-real-estate-projects-in-smaller-cities/articleshow/92024632 Developers in tier-2 cities have started getting institutional funding after the Covid-19 pandemic led to a housing and commercial space boom in smaller cities, realtors and fund houses told ET. Developers like Sushma Group,Bhumika, and Omaxe NSE 1.15 % , which primarily have operations in tier 2 cities, have recently […]
Source : ETT / https://economictimes.indiatimes.com/real-estate/weak-rupee-makes-nris-home-in-on-indian-realty/articleshow/92024611 SAFE HAVEN Better returns, rental income also among reasons for NRIs’ interest in India Depreciation of the rupee against the dollar in the backdrop of the geopolitical situation and hardening global interest rates is helping drive sales of real estate to non-resident Indians. The rising interest from NRI homebuyers is […]
Office Supply in Micro Markets on; Set to Surge as Demand Soars Source : ETT / https://economictimes.indiatimes.com/industry/services/property-/-cstruction/office-supply-in-micro-markets-set-to-surge-as-demand-soars/articleshow/92045683 Golf Course Extension Road (GCER), Southern Peripheral Road (SPR) and Noida Expressway in the National Capital Region, Electronic City in Bengaluru and Navi Mumbai are the most price-effective office markets in India with average monthly rents less than […]
