Microsoft is increasing its footprint in Pune and has acquired a 16.4-acre land parcel for ₹453 crore, its second buy in simply over a month, based on knowledge from Sq. Yards. The land parcel can be situated in Hinjewadi, a distinguished IT hub not solely within the metropolis and state but additionally within the nation. … Read more
The primary half of 2024 noticed workplace leasing of 29.4 million sq. ft, pushed by demand primarily in Mumbai and Bengaluru, buoying hopes that the yr may finish with absorption crossing 50 million sq. ft for the third yr in a row. The 2 cities accounted for over half of the overall leasing exercise within … Read more
Pune’s actual property market witnessed a development in transactions and general gross sales worth within the first quarter of 2024. Based on Sq. Yards Information Intelligence, property registrations recorded by the Inspector Common of Registration (IGR), Maharashtra, surged by 49 per cent in comparison with This fall 2023, at 27,056. Correspondingly, the gross sales worth … Read more
Unsold housing inventories fell 7 per cent within the final three months throughout 9 main cities to round 4.81 lakh items on greater gross sales than new provide, in keeping with PropEquity. Additionally learn:Mumbai Area’s housing growth defies rising property costs: ANAROCK Actual property knowledge analytic agency PropEquity knowledge confirmed that unsold housing inventory has … Read more
Ciklum, a worldwide expertise engineering agency, has introduced its acquisition of Infogen, a digital engineering providers firm, headquartered in america with India headquarters in Pune. Additionally learn: Lenovo trying to manufacture servers in India as ISG enterprise grows With this deal, Ciklum, at the moment headquartered in London with a growth heart in Chennai, propels … Read more
Cushman & Wakefield (C&W) and Nuvama Asset Administration have fashioned an equal three way partnership to arrange a ₹3000-crore platform that may put money into workplace initiatives. The Prime Places of work Fund, slated as a six-year close-ended fund, is anticipated to launch in roughly six months, pending approval from the Securities and Trade Board … Read more
Knight Frank’s India Actual Property 2023 report acknowledged that Pune’s residential market witnessed 13.5 per cent gross sales development year-on-year, with 49,266 housing models offered in the course of the yr. The weighted common worth of residential models in Pune elevated by 5 per cent YoY to Rs 4,507 per sq ft. Within the case of workplace areas, the January to … Read more
Expertise conglomerate Cisco sees progress alternatives in India throughout a number of industries starting from carriers, authorities, banks, mining, to IoT, and good cities, for all its providers and choices, stated Jonathan Davidson, EVP and Common Supervisor, Cisco Networking. Additionally learn: Cisco sees subsequent progress alternative from India: CEO The corporate sees India as a … Read more