Kolkata’s first-ever built-in enterprise park has obtained encouraging responses up to now, with over 35 per cent reserving of whole saleable space in the previous few months. Intellia Enterprise Park, a three way partnership amongst three actual property firms — Srijan Realty, PS Group and Signum Group — is unfold over eight lakh sq. toes … Read more
All metrics of workplace demand in India are exhibiting optimistic momentum and responding to this, actual property funding trusts are quickly scaling up their portfolios by way of acquisitions. When Embassy Workplace Parks REIT was launched in 2019, it had just a little over 24 million sq. toes. In 5 years, it has elevated the … Read more
Chennai market has reported a decline in workplace house absorption throughout the first quarter of 2024, whereas different main cities have reported sturdy progress throughout the interval. The calendar yr has began on a powerful observe with the general workplace leasing market reporting a 35 per cent year-on-year enhance at whole leasing of 13.6 million … Read more
In 2023, leasing demand in India from flex workplace area operators surged by round 1 / 4 to 87 lakh sq. toes (lsf). Responding to this demand, the Hong Kong-based versatile workspace supplier, The Government Centre (TEC), plans to open 3 lakh sq. toes of workplace area in India in 2024. “In response to the … Read more
In 2023, Mumbai, India’s monetary hub, witnessed a big 23 per cent year-on-year decline within the provide of latest workplace areas, reaching a historic low of two.7 million sq. toes, in line with Vestian, an occupier-focused office options agency. This downturn is attributed to actual property builders’ cautious strategy in establishing workplace complexes over the … Read more
Embassy Workplace Parks REIT has already met its full-year’s leasing goal of 6.5 million sq. ft in simply ninemonths because it transacted a report 3.5 msf within the December quarter. Additionally learn:Blackstone offloads complete stake in Embassy REIT for ₹7,100 crore The lease offers numbering 22, included 1.1 msf of latest leases and pre-lease offers … Read more
Chennai market is prone to witness an addition of about 14 million sq ft (msf) in workplace house within the subsequent two years amid sluggish progress in demand, say business analysts. The availability within the workplace house section has been outstripping absorption throughout the nation over the previous few years. 2023 witnessed some moderation. … Read more
ICICI Securities has taken on lease round 1.9 lakh sq. toes of area in Mindspace Juinagar at a month-to-month hire of ₹92.2 lakh, registration paperwork confirmed. The tenure of the lease is 144 months, ranging from January 1, 2024 and the efficient month-to-month rental fee works out to ₹49 per sq. toes. The hire escalates … Read more