The Banking, Financial Services, and Insurance (BFSI) sector has witnessed an increase in demand for office spaces, emerging as the second-largest occupier in India, following the IT/ITeS sector. Until the third quarter of 2024, office leasing in the BFSI sector accounted for 16.4% of the 53.4 million sq ft total gross leasing, across the country's top seven cities that include Mumbai, Delhi NCR,...
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KKR India CEO Gaurav Trehan has bought a sea view luxury apartment in Morena House project in Malabar Hill, South Mumbai, for ₹88 crore from JSW Realty, documents accessed by Zapkey showed. KKR India CEO Gaurav Trehan has bought a sea view luxury apartment in Morena House project in Malabar HIll, South Mumbai, for ₹88 crore from JSW Realty, documents accessed by Zapkey showed....
by THO
New Delhi-based co-working space operator Innov8 on November 4 said that it plans to double its capacity to 100 centres in the coming year across the 10 major markets it is currently present in. Co-working firm Innov8 to double capacity to 100 centres in 2025 across Mumbai, Delhi-NCR and Bengaluru, among others(Innov8) According to the company statement, the premium flexible office space...
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Abhishek Lodha, Managing Director and CEO of listed real estate firm Macrotech Developers, also known as Lodha Group, said that the company has concluded its pilot phase in Bengaluru and is targeting a market share of 15% in the IT city by end of decade. Abhishek Lodha, MD and CEO of Macrotech Developers said that the company's pilot phase in Bengaluru's real estate market has...
by THO
Drawn by low taxes, high returns, safety and its status as an international transit hub, the city of skyscrapers - Dubai - has registered rising interest from global investors, including Indian high net worth individuals (HNIs). Since 2021, Dubai's property market has recorded a consistent rise in the average value of residential property transactions, including villas and apartments. Dubai’s...
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NOIDA: Property buyers are up against the Uttar Pradesh government’s move to charge stamp duty fee on execution of a sale agreement. It came as the state is making it mandatory for buyers to pay 6% of builder-buyer cost in stamp duty fee at the agreement signing stage, even before the apartment or shop is ready for use and the registry that transfers the ownership right is executed....
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The real estate demand from India’s education sector is estimated at over 4 billion square feet by the year 2034-35 as student enrolments across K-12 and higher education segments are expected to increase 1.2 times to exceed 360 million, according to a report released by property consultancy CBRE on October 29. Real estate opportunity in education sector estimated at more than 4 billion...
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New Delhi, Nov 3 (PTI) Realty major DLF will invest around ₹8,000 crore to develop an ultra-luxury housing project in Gurugram as it seeks to encash strong demand for premium homes. Realty major DLF will invest around ₹8,000 crore to develop an ultra-luxury housing project in Gurugram as it seeks to encash strong demand for premium homes. (Picture for representational purposes...
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New Delhi, Nov 3 (PTI) Markets regulator Sebi has proposed allowing Real Estate Investment Trusts (REITs), Small and Medium REITs (SM REITs) and Infrastructure Investment Trusts (InvITs) to use interest rate derivatives for hedging risk. Markets regulator Sebi has proposed allowing Real Estate Investment Trusts (REITs), Small and Medium REITs (SM REITs) and Infrastructure Investment Trusts...
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Kochi-based Federal Bank has bought around 1.01 lakh sq ft of office space spread across five floors for ₹330 crore in Mumbai’s Wadala area in a building known as VIOS Tower, documents accessed by Propstack showed. Kochi-based Federal Bank buys around 1.01 lakh sq ft of office space spread across five floors for ₹330 crore in Mumbai’s Wadala area in a building known as VIOS Tower,...
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