Office rentals may rise by 25 per cent says Cushman Wakefield

Written by Jayanta Wednesday, 20 August 2014

( 0 Votes )NEW DELHI: One would imagine that office rents would go down with a strong bounceback in demand for space from corporates. Pure economics, one would think? Not really. Office rentals are likely to climb up in the coming months because of a shortage of quality spaces in key business districts around the country. “In certain key locations,...

Steep rentals, lack of quality retail real estate making it tough for luxury brands to expand business in India

Written by Jayanta Tuesday, 19 August 2014

( 0 Votes )MUMBAI/DELHI: Niche luxury brands like Italian suit maker Kiton and British shoemaker John Lobb have started bespoke made-to-order services in India, but they are in no hurry to open swanky stores in the country. Reason: inability to find a place on the right location at reasonable rates. “Rentals in India are as high as international...

Plan to hive off sick PSUs’ real estate

Written by Jayanta Monday, 21 July 2014

( 0 Votes )NEW DELHI: The government is considering a proposal to hive off real estate owned by sick public sector companies in Mumbai, Kolkata, Pune and Ahmedabad to state-owned National Buildings and Construction Corporation (NBCC), before selling off the chronically loss-making entities. Senior government officials told TOI that NBCC, which is developing...

Builders hunt for cheaper land technology to offer affordable housing

Written by Jayanta Monday, 21 July 2014

( 0 Votes )NEW DELHI: Builders are scrambling to acquire cheap land and technology for low-cost housing after the government and central bank announced incentives for affordable housing, including cheaper loans to developers and buyers. Real estate companies including Tata Housing, ATS Infrastructure, Bhartiya Group and Anantraj Industries are busy sewing up...