The total chargeable area is 1.60 lakh sq ft and the carpet area is 1.28 lakh sq ft, the documents showed.
In the coming years, the company intends to deliver five to six new launches with 8-10 mn sq feet of development in Bengaluru.
Consulting and telecom companies have the highest rate of return to office; 80 percent of e-commerce companies have witnessed only up to 50 percent rate of return among employees
Tech occupiers continued to remain the key drivers of the leasing activity in June 2022 with a 35% share
The institutional investments in the office segment of real estate rose to $652 million in April-June 2022 from $231 million in the corresponding period of the previous year. The institutional investments in the housing segment declined to $60 million in April-June from $78 million a year ago
The real estate supply-side stakeholders remain watchful of the tripartite global risks - economic turmoil in the United States, Russia–Ukraine standoff, and economic slowdown in Europe.
Supply moderates; Developers postpone fresh supply in light of high input costs and are completing projects after seeking pre-commitments from occupiers
Majority of the quarterly investments came in from foreign institutional investors and were concentrated in core office assets across Mumbai, Chennai and the NCR
The company has set aside Rs 1,000 crore for acquiring land parcels for residential and commercial projects
The company expects to generate a revenue of about Rs 3,700 crore from the sale of commercial and residential projects
Office real estate continues to be the most preferred asset class in H1 2022 with about 48% share in the investments, followed by the retail sector
Office transactions, at 25.3 million sq. ft., translated to 107% year-on-year growth
Bengaluru led the leasing at 30% share, while Mumbai and Delhi-NCR accounted for 19% and 18% share respectively
The report also noted that India’s Green Bonds issuance increased 523 percent YoY, from $1.1 billion in 2020 to $6.8 billion in 2021
The rent, for offices in two buildings in Bengaluru’s Kalyani Techpark, works out to Rs 95.16 per sq ft, per month and will rise by 5 percent at the end of each year. The edtech has paid a stamp duty of around Rs 65 lakh on the deal.
The office space is being developed and is likely to be delivered in three phases between October 2022 and October 2024
Bengaluru, Pune, and Delhi NCR together account for over 60 percent of the total flex seats leased in FY 2021-22; Flex seat enquiries up 17 percent Y-o-Y in Tier-II cities
Bengaluru continues to lead the market; Delhi-NCR is amongst the fastest growing in terms of leasing by startups
Key triggers driving the growth are a fast-growing economy, significant expansion foreseen in the knowledge-based sectors such as IT, setting up of new Global Capability Centres and a robust start-up system, the report said
The upcoming projects of the company are registered with RERA and have regulatory clearances.
In this episode of The Moneycontrol Real Estate show, Moneycontrol's Vandana Ramnani talks to Vikaash Khdloya, Deputy Chief Executive Officer and COO, Embassy REIT about commercial leasing trends after three waves of COVID-19. He tells listeners that the company is starting to see rents inching up as people get back to work as the physical occupancy of commercial parks improve.
The real estate sector is estimated to receive private equity investments of $6,884 million in CY 2022.
The format has become the most preferred option under the hybrid work model, compared to changing office layouts or the hub-and-spoke model, following three waves of the pandemic
Going forward, Embassy REIT has a strong pipeline of about 500,000 sq ft for FY 2023 which is almost double of last year, Khdloya says
The demand will also be driven by strong hiring across sectors like information technology, banking and insurance, telecom, pharma, retail, education, e-commerce, consulting and analytics, manufacturing, research and real estate, it said.