Commercial Property

Realty major DLF is in advanced stage of completing its second commercial project 'DLF Downtown' being set up at an outlay of Rs 3,200 crore in the city in a move that would strengthen its presence here, a top official said on Friday. The project aimed at serving clients engaged in the information technology (IT) and information technology enabled services (ITeS), banking, financial services and insurance sectors (BFSI) was expected to be completed by the end of the year, DLF Rental business managing director Sriram Khattar said here. DLF Cybercity Chennai, the first project undertaken by the realty developer in Chennai, on Friday marked the completion of 15 years of operation at Manapakkam in the city. A recreational and social venue 'The Hub' spread across five lakh sq ft land inside the campus of DLF Cybercity Chennai was also unveiled on the occasion. "DLF Downtown is coming up at Taramani at an outlay of Rs 3,200 crore. It is expected to commence operations before the end of th

Will develop a total built-up area of 6.3 acres on the site and expects to deliver the project within three years

Demand likely to remain buoyant despite prospects of another rate hike; industry looking for tax breaks, lower transaction costs

Real estate firm will invest Rs 2,400 cr in mix-use project of housing, retail and service apartments

Diplomats have been called in to try to resolve a disagreement over a cut in supplies of liquefied natural gas to India by a German-state-backed company

Office rentals in Delhi-NCR rose by an average of 8 per cent in the first six months of this year, according to property consultant Savills India. In its latest report 'India Market Watch Office H1 2022', Savills mentioned that the Delhi-NCR witnessed gross absorption of 5.6 million square feet in H1 (January-June) 2022, up by 194 per cent from H1 2021. "Unlike H1 2021, which saw almost equal share in the leasing activity from Gurugram and NOIDA, the first half of 2022 witnessed varied leasing activities from these two regions," the report said. Gurugram contributed to around 64 per cent of the overall absorption in Delhi-NCR, while Noida had only 34 per cent share. Overall, absorption in Delhi went down from 4 per cent in H1 2021 to 2 per cent in H1 2022. "Average rentals in the city have increased by 8 per cent year-on-year (Y-O-Y). MG Road & Gurugram micro markets reported the highest appreciation in rents with 20 per cent and 15 per cent Y-O-Y respectively," the report ...

Company says a coronavirus lockdown in Shenzhen left audit work incomplete so it cannot publish financial results on time.

Realty major DLF on Wednesday said the company will develop six new retail properties across major cities comprising 2.3 million square feet area as part of its expansion plan

Top tenants of commercial real estate-mostly IT companies-actually added to their office stock and demand for residential space is reviving.

Morgan Stanley is scouting for deals, signing JVs in warehousing

Godrej and Prestige posted sales bookings of Rs 6,725 crore and Rs 5,461 crore, respectively, in 2020-21 (FY21)

It is looking to develop commercial properties in Bengaluru, Hyderabad, Chennai and Mumbai and Pune, is aiming at 8.5 mn sq ft in next 3-4 years

Covid-19 infections and slow vaccinations have resulted in people waiting out rest of the year 2021 before leasing or renewing leases

Many might be forced to sell off their properties to new players or repurpose them to create some office or co-working space to hedge their bets

They are using the interregnum to expand and to negotiate cheaper real estate deals to add seating capacity

Fractional ownership platforms give you access to this coveted asset class if you have Rs 25 lakh to spare

New office space supply was less impacted than the demand, which fell by around 45-50 per cent with corporates deferring their expansion plan and adopting work-from-home policy for employees

DCCDL is a JV between DLF - the largest publicly listed real estate company in India - and Singapore's sovereign wealth fund GIC

Both developers and fund managers believe that residential has rebounded better than commercial properties

According to Raj Menda, chairman of RMZ, the deal would be higher than what was originally planned and involves more cities than just Chennai and Bengaluru