Commercial Real Estate

Net leasing of office space plunged 73.4 per cent in the April-June period across eight major cities due to sharp fall in demand because of the COVID-19 pandemic, according to Cushman & Wakefield. Net absorption of office space stood at 37.15 lakh sq ft during April-June 2020 as against 139.85 lakh sq ft in the year ago period as corporates and coworking players deferred their expansion plans, the property consultant said. During the first half of 2020, the net office space leasing declined 57 per cent to 110.75 lakh sq ft from 255.48 lakh sq ft in the corresponding period of last calendar year. "The net absorption in the second quarter 2020 stands at 3.72 million sq ft, which is lower by 49.5 per cent on a quarterly basis and 73.4 per cent lower on a yearly basis as fresh transaction activity was muted during the quarter," C&W said in a statement. Also, cities like Delhi NCR and Bengaluru saw negative absorption which also pushed the overall net absorption downwards, it ...

RMZ, one of the biggest owners of office properties in southern India, has done a handful of lease rental deals with global firms in recent weeks.

Companies can't make work-from-home a permanent feature of their business. India's commercial real estate market will do well despite the pandemic, writes Anshuman Magazine

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Monopolised by large investors earlier, office realty can now be fragmented into smaller parcels of investments, making it easier for the small guy to take exposure

Total value of unsold inventory in central Mumbai is estimated to be Rs 45,000 crore, while that for Mumbai city stands at Rs 83,000 crore

Embassy-Blackstone JV is gearing up to float the country's first Reit and raise $1 bn