Commercial Property News

HC slams Haryana over Gurgaon construction

Fri, Dec 17 2010

The High Court of Punjab and Haryana has severely criticized the Haryana govt. for illegally acquiring land in a restricted area and giving clean chit for construction on it. The state blatantly ignored “national interest” for “personal interests”, The High Court said.

Mumbai plot scripts record $850 mn deal

Wed, May 26 2010

Mumbai has again proved to be the choicest commercial realty destination as it bags a record $850 million deal on Tuesday. Realty major Lodha Developers has finalized a deal to win a plot of land in central Mumbai in the consideration of worth 40.5 billon rupees ($850 million).

DLF sees uptick in commercial leases

Tue, May 25 2010

Country's leading real estate developer is now bullish over the growth in the commercial leasing sector, especially in the IT and banking space. The company has been experiencing muted growth for past several quarters

DLF looks to exit IT SEZ in Chennai, seeks 700 crore refund from govt, Tata realty project on track

Wed, May 12 2010

India's apex realty body, the Confederation of Real Estate Developers� Associations of India (CREDAI) has been organizing a conference on Formulation of Banking Strategy & the Economic Outlook for Real Estate for 2010-11 here.

Commercial property in revival mode

Mon, May 10 2010

The persisting effects of slowdown that were affecting commercial property and office space during past few quarters are weakening now. The realty segment has been showing signs of revival after lull of few quarters. The momentum is picking up in the transactions of commercial property and office space in Hyderabad

Office space rentals in India seen stable in 2010

Tue, Apr 27 2010

A recent survey conducted by real estate consulting firm C.B. Richard Ellis has revealed that rents for office space are seen stable in 2010 on account of increased spending by IT and ITES firms

Integrated commercial complexes taking roots in India

Mon, Apr 26 2010

The demand for integrated commercial complexes is rising in India. Integrated residential complexes are already a hit among people so now the trend of commercial complexes is emerging. Such complexes offer space for 5-star Hotels and Offices. These projects are considered to be highly lucrative both for the developers and the customers.

Commercial property back in reckoning

Thu, Apr 8 2010

A fleet of real estate specialists has revealed the comeback of commercial property in India. The growing demand on account improving market conditions after the global meltdown of 2008-09 has given momentum to both office and retail space

Eyeing 'new office space'

Mon, Apr 5 2010

The newly built office spaces, which are high-on-amenity, have been garnering attention in Kolkata. As a consequence of fire havoc in the CBD, businesses are focusing to leave age-old buildings and set up in buildings with new facilities & high levels of safety infrastructure.

Binani Cement forays into realty

Wed, Mar 10 2010

Binani Cement, a part of Binani Group, has announced to take a foray in to commercial real estate development. The company will commence projects on its idle land bank in a move to reduce dependence on the cyclical nature of the cement business.

Cost cutting : ICICI sells Prabhadevi property

Tue, Mar 9 2010

ICICI, India�s second largest bank has planned to sell some of its properties this year. This plan has been devised in order to control the growing costs. A Mumbai based 13 floor building Prabhadevi has already been sold by the bank.

Union Budget 2010 : Commercial rentals to jump 10% with service tax

Sat, Feb 27 2010

Hiring commercial complexes will be a costlier affair now, as the Union Budget 2010 lays a provision to cover all lease agreement of shopping complexes, malls and vacant lands under the ambit of service tax.

Wadia sells Mumbai building to Axis for Rs 640 crore

Fri, Feb 26 2010

Country's largest real estate deal is under process at Worli, where a new four-storey commercial building would be sold Rs 640 crore. The deal will pitch new standards for realty players. The deal has been finalized by Nusli Wadia led Wadia Group with Axis Bank.

Building expo opens in Hyderabad today

Fri, Feb 19 2010

The Build4India Exposition 2010 has opened at HITEX. In the 4 day Expo, a majority of players from construction sector will display the latest trends and technologies. However, the products from the emerging solar power sector will be center of attraction at the Expo.

Small offices holding their own

Mon, Feb 15 2010

Small business spaces or small offices have so far emerged as a fruitful business deal for country's realty players. These were hitherto not known phenomenon which are seeming as an effective tool to beat the gruesome effects of economic slowdown.

IT sector spurs up Bangalore realty market

Sat, Feb 13 2010

The phenomenon new hiring and salary hikes in the IT Industry has palpably impacted realty sectors, as the sector is requiring more office and home space for itself and their employees respectively.

Realty companies find increasing takers for small office units

Mon, Feb 8 2010

A majority of country's realty companies are looking small office spaces as a better bet because of the high-end recession effects and also the view point of entrepreneurs, especially with capital-constraints, which sees small office spaces as affordable.

Commercial Rentals Recovering

Mon, Feb 8 2010

RICS, an independent body of surveyors, is noticing a recovery in the rental activity of commercial property, especially in industrial and retail spaces, in India. In the fourth quarter, the country's rental activities have grown due to the increased tenants demand.

Commercially Hit

Tue, Jan 19 2010

A clear sign of revival can be seen in the Indian realty sector, especially non-commercial, after the lull of last year. Although market is not overwhelmed by increased transactions, but the enquiry levels in sector have risen by almost 30 per cent compared with January.

Retail realty yet to recover fully

Thu, Dec 31 2009

Global realty consultant C B Richard Ellis has stated that though Indian realty has shown better selling during October-December festive season, but recovery in the sector still seeking come back through selling at competitive rates.