The BKC commands Rs 28,000-29,000 per sq ft for office property and monthly rents are Rs 250-300 per sq ft
Real estate, it is said, is heading south as direct fallout of the global economic crisis. Naturally, therefore, there has been a decline in rentals and Mumbai, known to be the most expensive city of India, has become lesser expensive for office space. However, the city remains at the sixth position among the world's costliest office markets, a report has said.
According to a report on global trends of office spaces by real estate consultant CB Richard Ellis, Mumbai fell to 6th position from 5th in the list of the world's most expensive office markets, which is topped by Tokyo. However, the national capital's ranking rose to 12th place mainly due to shortage of prime office complexes in Delhi. It had occupied 13th position in the consultant's last findings in November, 2008.
Microsoft top boss Satya Nadella feels the increase in productivity has come at the price of burning the 'social capital' built up by companies over very many years, observes ad guru Sandeep Goyal.
The collection of mostly small and medium sized businesses is a hotchpotch of ventures and include design schools, schools, villas for hire in Goa and a country club in Gurgaon.
Be it your equation with your boss, your boss's boss, immediate peers, colleagues working in other departments of the company or the guard who waves to you in the office everyday -- equations affect and matter everywhere.
A time has thus come when state encouragement for rural students led to empowerment of the socio-economically marginalised sections of the population. It included women. Today, with greater exposure and consequent enlightenment, it has gone beyond 'empowerment' to become 'entitlement', says N Sathiya Moorthy.
Ansuya Dutt, who never stopped fighting for women's rights, can be an inspiration to us never to lose sight of our basic beliefs, never mind peer pressure.
A Cabinet expansion is on the cards before the Budget session to take away additional portfolios from those unable to keep up with the pace of work.
The Kushan Pal Singh-led realty major has halted construction work on nearly 16 million sq ft of office and retail mall space out of the 62 million sq ft of planned construction. In the office space, the developer has stalled construction on nearly 12 million sq ft of office space out of the 36 million sq ft of space being planned.
The deal for 800,000-square foot plot in Gurgaon's Infospace Tikri SEZ is likely to improve real estate absorption rate, which has seen some upside recently.
To tap into the growing demand for offices, several global and Indian co-working entities are creating stock in the top cities.
The office space is filled with multiple personalities working in tandem. To figure out your personality and who you are most likely to succeed alongside, Susanne Rodrigues helps you out with this quiz
'This (opposition to the project) is not just architects, but everyone needs to know more.' 'We need to be allowed to participate, maybe, you can ignore what we have to say, that's your decision.' 'At least follow the process.
Carnival group buys project in Chandigarh from L&T for Rs 1,785 cr.
However, if there is a larger outbreak, the entire building will have to be closed for 48 hours. All staff will work from home till the building is adequately disinfected and is declared fit for re-occupation, it said in the guidelines on preventive measures to contain the spread of COVID-19 in workplace settings.
Rents have risen most in Delhi's Connaught Place and Gurgaon's Cyber City & M G Road. Because of slowdown, supply has been restricted but demand has risen.
The national carrier has started approaching Indian banks and public sector undertakings for disposal of these properties including floorspace in prime locations.
Persuaded not to sell that day in January 1975, DLF today has assets of over Rs 52,237 crore and a net worth of around Rs 40,000 crore.
The PWD has issued a notice to AAP over its continued occupation of 206, Rouse Avenue as party office.
Real estate developers are increasingly reducing the size of apartments to make these affordable at a time when property markets are going through a prolonged slowdown.
It is time to shrug off the ideological shackles about the way we work, play and live, says Ajit Balakrishnan.
NRI demand would help offset the liquidity problem, which is presently affecting realty sales.
The divestment target remaining unchanged, from the 2019-20 interim Budget, this year means the Centre will now have to depend on non-tax revenue sources like dividends from the RBI, PSBs and PSUs, as there are real concerns of a tax revenue shortfall. The fiscal deficit target of 3.4% of GDP for 2019-20 is likely to be retained as well.
The tax department was given the land at Mumbai's posh location, measuring 2,786 square metre, with a minimum capacity of 100,000 sq ft, in 1992. Instead of constructing an office building, the department recently took a few floors on rent at the nearby Air India building.
Despite the global slowdown, most prime office locations have registered a rise in the rental.
The Qatar Investment Authority deal follows Byju's raising money from the Canada Pension Plan Investment Board, which was also the first direct investment by the Canadian pension fund in an Indian start-up. In March, Byju's had raised $540 million at a valuation on $5.4 billion, making it the most-valued ed-tech company in the world.
Younger brother Surendra wants to re-invest his share in real estate and education
Among other things, the company is considering monetising the Global Village tech park located off Mysore Road in Bengaluru, for which private equity major Blackstone was said to have shown interest.
The capital and rental values for office space in New Delhi has witnessed an increase in the range of 1-4 per cent during last six months, according to a realty consulting firm.
Wants to jointly develop the office space at Bandra-Kulra Complex.
The e-commerce sector's usage of commercial spaces was about 4.2 million square feet of the total of 17.5 million sq ft consumed in the first half of 2015.
Amazon's single largest building is also the single largest building in Hyderabad city. Spread over 9.5 acres, this multi-storied building comprises of 290 conference rooms, casual and collaborative work spaces that will house 15,000 employees, along with private areas, interfaith prayer rooms, mothers room, quiet rooms, showers, unisex rest rooms and a huge cafeteria besides a helipad on the building roof.
While student housing, retirement homes, and co-living spaces are going to be new realty growth drivers, Parekh also said foreign investors have also been investing in a big way in good commercial projects, while warehousing is another segment where they are showing keen interest.
'If you are doing something to our national democratic space which involves serious amounts of land, the public should have been consulted.'
Bhupatbhai Navadiya died in the Opera House blast in Mumbai on July 13 last year. His family is trying to pick up the pieces of their lives and move on, reports Abhishek Mande.
The national carrier recently invited expressions of interest to appoint a real estate firm to advice it on the deal.
Experts say with a stable government, things will start improving but the impact might be visible only after six-12 months.
However, Bengaluru is on a high with the share of IT/ITeS in the total office space transaction rising from 55 per cent in 2011 to 75 per cent till May 2012, according to data by DTZ, an international real estate research firm.
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