Realty hot spot series: This Ahmedabad locality is a residential and commercial hub
This week ET Wealth takes a look at Prahlad Nagar, Ahmedabad. The area has multiple office buildings and residential apartment complexes making it a residential and commercial hub. Here is a look at locality features.
Bengaluru Asia Pacific’s second largest Grade A office market by stock in H2
Over the next five years, Singapore, Bangkok and Bengaluru should see rents increase at 3.0% or more, while Delhi-NCR, Auckland, Melbourne and Taipei should see rents increase in excess of 2.0% as demand catches up with planned supply.
12 years after launch, a ray of hope for habitat centre buyers
The project was sold to some 2,000 allottees but only 300 of them were handed over shops and commercial spaces subsequently. In 2019, Diamond Traexim, a financial lender, raised an insolvency bid against IHC to recover a debt of Rs 16 crore.
Adani Group bids for 8 commercial coal blocks
The auction process of 38 coal mines for sale of coal was launched by the coal ministry on June 18, 2020. The last date of submission of technical bids was Tuesday. Technical Bids consisting of online and offline bid documents were opened on Wednesday.
Mumbai: No takers for their flats, owners slash rents for first time
With more and more offices embracing the option of working remotely even after a majority of the restrictions have been lifted, landlords are struggling to find takers for their flats at rates set before the pandemic.
Bids for commercial coal mining blocks to open tomorrow
People aware of the matter said the apex court refused the plea made by the Jharkhand government to stay the auction process. Tuesday is the last day for submission of bids while the bid opening is scheduled to take place on Wednesday.
What work-from-home means for commercial real estate
Though demand for office space will come down, it is not expected to crash. Many employers will need to scale up the usable area for each employee. There could also be an uptick in demand for bigger, more flexible houses.
Daimler India (Commercial Vehicle) to strengthen dealership network
"That is a commitment we made to BharatBenz buyers from the beginning, and we will continue to honour it," he said. Early this year, Daimler India sold one lakh BharatBenz trucks in the country. The company's managing director Satyakam Arya said, "Last month, BharatBenz showed double digit sales compared to August 2019.
Office leasing slips 73% to 3.72 million sq ft in April-June: Report
Net absorption of commercial real estate across top 8 cities declined over 73% from a year ago and 49.5% on-quarter to 3.72 million sq ft during the quarter as fresh transaction activity remained muted, showed data from Cushman & Wakefield.
Realty hot spot series: What makes this Gurgaon locality attractive for home buyers
The locality is well-connected with NCR through NH-48, Golf Course Ext. Road and Netaji Subhash Marg. It also has key schools & hospitals such as GD Goenka Public School, DAV Public School, Medanta and Park Hospital.
In bid to boost realty, Maharashtra cuts stamp duty for 7 months
The state cabinet also approved a Rs 700 crore road tax waiver plan for commercial vehicles to compensate for losses the transport industry suffered in the lockdown. The reduction in stamp duty, though temporary, could be substantial for a prospective home buyer.
L&T Realty forays into Chennai commercial market
The project is coming up on a 40-acre plot in the IT hub of Chennai that was owned by group company, L&T Valves, which was shut down a few years ago.
Global private equity firms scout for mispriced commercial assets in India
As the effects of Covid-19 become clearer and the economic impact more certain, experts believe investors’ mindsets will shift to exploiting market mispricing opportunistically and positioning for later market cycles in line with global megatrends.
Adani, JSPL, Vedanta, 43 others bid for commercial coal mines
"A total number of 82 bids from 46 companies have been received offline/ physically in the office of the nominated authority for 23 coal mines/ blocks. Two or more bids have been received for 20 coal mines/ blocks," the ministry said.
Govt-owned NABARD gives clean chit to Reliance Commercial Finance
NABARD is a part of the consortium of lenders and is signatory to an Inter Creditor Agreement (ICA) executed between the lenders of RCF under June 7, 2019 circular of RBI on resolution of stressed assets.