The deal valued at around Rs 125 crore is the first large transaction in Pune during the lockdown.
The acquisition cost of Rs 474 crore is to be funded through coupon-bearing debt at the REIT level. Acquisition consideration is at 8.5 percent discount to the average of two independent valuation reports.
Low home loan rates and discounts have pushed sales velocity and this has helped perk up sentiment, says the 26th Knight Frank - FICCI - NAREDCO Real Estate Sentiment Index Q3 2020 Survey
Pre-leases 7.7 lakh sq ft office space; The realtor is developing the Taramani project with a total investment of Rs 5,000 crore
Hyderabad and Bengaluru continue to remain active commercial markets accounting for 23.7% and 22.9% share in pan India leasing activity
Between January-September, Bengaluru accounted for 30 percent of the total gross absorption, followed by Delhi-NCR and Hyderabad with about 17 percent share each.
IT/ITeS sector takes up lion’s share of 7.72 mn sq ft; Bengaluru tops leasing activity
New office completion recovers by 126% in Q3 2020; Four of the top eight markets witness stable or positive rent growth
Given the restrictions on the number of people in an office, tenants are evaluating alternate micro-markets and if WFH extends beyond 2021, then tier-2 and 3 markets may see demand for flexible office spaces go up
Bengaluru and Hyderabad account for 80% net absorption in Q3, also witness maximum growth in new completions. With stable rental values and low vacancy levels, the office market in India continues to be favourable to landlords.
The listing of two REITs and now the upcoming third one by Brookfield clearly demonstrates investors’ faith in the commercial office market compared to investing in physical real estate
The company also has plans to expand into luxury retail as well as high-end residential segments.
While it will revive the cities’ fortunes, the real benefits in terms of price appreciation and increased infrastructure activity will only be witnessed once construction gets underway; commercial and luxury housing may receive a boost
The commercial office segment in India attracted investment inflows of Rs 5 billion during 2020, accounting for a 24 percent share in the total investment.
Many corporate tenants have put plans to lease additional space on hold. Some have opted to give up part of their office space to save real estate costs
The Delhi-NCR strata office market is worth Rs 25,450 crore. The city has around 23 mn sq. ft. of strata office market with 54 percent in under construction projects.
The country's strata office market offers around 180 million sq ft investment opportunity; Mumbai Metropolitan Region has the highest leased space of 49 million sq ft for investments.
Office leasing in NCR stood at 1.8 mn sq. ft. in the H1 2020, recording a Y-o-Y decline of 70 percent. Only 0.3 mn sq.ft. of fresh office space supply was witnessed in H1 2020, the report said.
Not all real estate firms will be able to weather the storm leading to large scale consolidation. It would first hit smaller towns and gradually shift to metros
The annual commercial leasing in 2020 is expected to clock 24-25 million sq ft across major Indian metro cities which is 30 percent higher than the global financial crisis, a report has said
The consolidation-led evolution would lead to the emergence of well-governed, adequately capitalised, corporate developers who have a multi-city presence.
The 89,032 sq. m site is suitable for the development of riverfront luxury tourism and water sports hub.
Considering the bumper response, more players may be encouraged to come forward. There may be one more REIT launched by the end of the financial year, say real estate experts
DMRC’s tenants’ businesses, including retail and commercial properties, too, have been hit. Tenants are asking for rent payments to be deferred
In situations such as the COVID-19 pandemic, NRI investors can increase their yield further by making use of the depreciation in the rupee/dollar exchange rate