Tag: Commercial Real Estate

Demand for Office Space to Increase in 2013: DTZ

According to DTZ demand for office space will increase in 2013. The global real estate advisor added that this year more companies will expand their offices. The office space absorption fell in the year 2012. This had affected the commercial realty sector badly. The office space demand is expected to increase this year. Office space […]

Foreign retailers to raise more demand for office space

The demand for office space in India is expected to be driven by the foreign retailers. There are many foreign retailers who are set to expand their shops in India. Once the foreign retailers start expanding their stores in India, the commercial real estate sector will gain boost from this. Their expansion will demand more […]

Bangalore- The Silicon Valley Of India

Bangaluru has over the years gained immense popularity as the hub for IT industries in India. With great opportunities like world class education, working environment, living standards it is not wrong to mention it as the “The Silicon Valley of India”. Many non-Bangaloreans now call the city their home. It is interesting to note that […]

RBI Proposes Change

The Reserve Bank of India on Wednesday clamped restrictions on Urban Co-operative Banks (UCBs) to exposure on realty sector up to 15% of their total deposits. Photo by Telstar LogisticsSpecified in the circular issued by the Reserve Bank of India , it said the total exposure of UCBs to realty sector, including individual housing loans […]

Gujarat Builders To Tour Argentina And Brazil

As the realty sector in the country is picking up again the builders and developers of Gujarat want to leave no stone unturned to lure the buyers and provide them with unique world class features. Over 100 builders from across the state are planning to visit Argentina and Brazil as part of a technical tour […]

NIREM Offers Specialization in Realty

With the ever growing realty sector in India, the roles and responsibilities of real estate professionals have evolved considerably. This in turn forces a strong need for an efficient background in real estate along with strong professional skills in their functional areas of responsibilities. Since commercial property sector is very new for Indian property market […]

RBI Revised Guidelines

The Reserve Bank of India has issued revised guidelines on banks’ exposure to commercial real estate. The strategies say about the property where repayment of loans solely depends on the property itself and not on its expected profits. Where repayment mainly depends on other factors such as operating profit from business operations, quality of goods […]

Unitech is looking for restructuring loan

Unitech, India’s second largest listed real estate company, is looking at restructuring a Rs 800-crore loan from public sector banks, as it attempts to save itself from sinking under the huge debt burden. The company is pinning its hopes on debt restructuring, asset and stake sales to private equity (PE) funds to pay a debt […]

Land purchase for SEZ comes under commercial realty

The RBI’s draft guidelines on classification of commercial real estate exposure of banks may provide some relief on loans provided for acquisition of units in special economic zones. However, RBI has not found merit in the commerce ministry’s argument to keep loans for special economic zone development outside the domain of commercial real estate coverage. […]

Sarda Group Enters Facility Management

The Rs 2,000-crore Sarda Group has taken over asset and facility management brand Talbot and Company in India at an undisclosed sum foraying into the real estate management segment. Sarda Group Chairman Ghanshyam Sarda said, “We have acquired Talbot and Company which has roots in UK and this acquisition will help us to get headway […]

Pune Real Estate Witnesses Investment Explosion

Pune property market is one of the most active segments in Western India. Private property developers along with local property builders and civic authorities are pouring in more investments in the city. Recently, Milestone Capital Advisors announced an investment of Rs300 crore for commercial real estate development in Pune. Milestone is a fund house and […]

Consolidation In The Housing Finance Market

The down ward trend of real estate market price is going down, the housing finance is facing a squeezed condition. Now the Banks have increased the contribution limit of the developers from 25% to 30%. With the correction of prices in the real estate sector, commercial banks have become choosy in lending. They have become […]

Alok Ind Resumes Talks To Sell 20% In Realty Arm To PEs

Alok Industries, the Rs 2,200-crore Mumbai-based textile firm, has resumed talks with private equity players to dilute about 20 percent equity it owns in its unlisted unit, Alok Infrastructure. A realty company, Alok Infrastructure has been looking at options to raise around Rs 600 crore for developing its large land bank, said sources. Alok Industries […]

Deyaar Of Dubai Cancels Indian Realty Deal

DUBAI: Dubai’s third-largest traded real estate company Deyaar Development Co said 7th may that a deal to develop projects with India’s Ansal Properties & Infrastructure has been canceled. “The memorandum of understanding between Deyaar and Ansal Properties to develop a project in India has been terminated by mutual consent,” Nasser al-Sheikh said in a statement […]