Media Spotlight

Zomato Moves Out of Pricey Gurgaon Office

According to real estate consultancy CBRE, leasing in the Delhi-National Capital Region continued to be driven by small-to-medium-size transactions with Gurgaon dominating in activity Some of the mid-size transactions included Tech Mahindra renting 1 lakh sq ft, Landis+GYR taking up 1.02 Lakh sqft and Hero moto corp leasing 18000 sq ft in Gurgaon.

Bengaluru witnesses increase in leasing activity in office market ending Q3

IT City has witnessed increase in leasing activity in office market on quarterly basis, according to the findings of latest India Office Market View – Q3, 2018 report released by CBRE South Asia Pvt Ltd, today. CBRE is India’s leading real estate consulting firm. 

Unchanged repo rate to help realty revival: Industry experts

The Reserve Bank of India's (RBI) decision to keep the repo rate unchanged will give a much needed boost to the real estate sector which is witnessing signs of revival in the past six months, industry experts said.

Puravankara-Keppel JV firm buys 7.6 acre land in Bengaluru for Rs 405 cr

Realty firm Puravankara Monday announced that its JV firm with Singapore-based Keppel Land will buy 7.6 acre of land in Bengaluru from Metro Cash & Carry India for Rs 405 crore.

The land will be used for the development of commercial project, comprising 1.18 milion sq ft of leasable area.

Keppel Puravankara Development Pvt Ltd (KPDL), a joint venture between Puravankara and Keppel Land, has entered into agreements to acquire a prime 7.635 acres site in Yeshwantpur, Bangalore, from Metro Cash & Carry India Pvt Ltd (MCCIN), the realty firm said in a regulatory filing.

Menlo Group Arranges Lease for OfferPad Headquarters

Menlo Group Commercial Real Estate has arranged a six-year lease for OfferPad, a tech-enabled real estate company, at 2150 E. Germann Rd. in Chandler, Ariz.

Tanner Milne, president and founder of Menlo Group, represented OfferPad, and Mark Krison of CBRE represented the landlord, Douglas Allred Company.

Embassy REIT: Pros, cons for retail investor

A report from CBRE Inc., a global commercial real estate services and investment firm, says vacancy levels in the top seven Indian cities have dropped from 23.1% in calendar year 2012 to 15% in 2018 (March) and are expected to fall further in 2019.

CBRE India launches audit & consultancy services under its facilities management umbrella

CBRE South Asia Pvt. Ltd, one of India’s leading real estate consulting firms today announces the launch of its Audit & Consultancy Services under Facilities & Property Management service line. These services will help in highlighting the concrete contributions that facilities operations & maintenance decisions make in supporting business unit goals and wider enterprise objectives to help the clients maximize the value of their assets. CBRE partners with clients to facilitate an efficient transition, maximize revenue opportunities, lower operating costs, while maintaining high service levels and provide accurate, timely property accounting and reporting.

Commercial realty of NCR and top cities to witness boost: CBRE

With the highest per capita income, Delhi offers immense opportunities for individuals to prosper in the state. Delhi’s per capita is almost triple of the country’s, making it most sought after ‘job seeking’ destination. The big statistical boost has made Delhi number 1 destination for migrants from all parts of the country. The rising population triggered the growth eruption of NCR evolving it as top spot for real estate investment. Due to this tangential development, areas such as Gurgaon, Noida and Greater Noida have emerged as the major urban centres of NCR.

Square Feat: Mumbai Now The Costliest City To Build Apartments, Says Report

When it comes to the cost of construction of a residential apartment in mid-rise buildings, Mumbai has topped the list of urban centres in India, SteelGuru has reported.

According to the report, property consultancy CBRE told PTI that the average cost of construction of a residential apartment in mid-rise buildings in Mumbai is Rs 3,125 per sqft. Delhi and Pune came a close second with an average construction cost of Rs 2,750 per sqft, tailing a little behind were Chennai and Bengaluru at an average cost of Rs 2,500 per sqft, while the average cost in Hyderabad stood at Rs 2,375 per sqft.

Weaker rupee, regulations make realty attractive for NRIs

A fluctuating rupee, and introduction of various regulations to bring in transparency and accountability, are making real estate more lucrative for non-resident Indians (NRIs), experts say. 

Rupee is hovering near 73 against the US dollar since the past one week. 

"The drop in rupee can be seen as an investment opportunity for individual buyers as well as institutional investors. Over the past few months we have witnessed a lot of interest from NRIs. This trend continues to grow stronger due to the timely reforms introduced that brought transparency and accountability in the sector," CBRE Chairman, India, Southeast Asia, Middle East and Africa Anshuman Magazine told PTI here. 

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