Search Results for: Cushman & Wakefield

Connaught Place & BKC Hold Most Expensive Office Spaces

Connaught Place and Bandra-Kurla Complex are the two hottest office locations. Both Connaught Place and BKC have found place among the list of Asia-Pacific Region’s most expensive office locations. According to the annual survey of Cushman & Wakefield, Connaught Place and BKC are the two most expensive office locations in Asia-Pacific region. Connaught Place is […]

Real estate sector to witness a prolonged & robust demand

Real estate sector in the country will witness a prolonged and robust demand. According to a report by global realty consultation firm Cushman & Wakefield, the pan-India residential demand for 2009-2013 could be around 7.5 million units and that for office space at 196 million square feet. The Cushman & Wakefield India Real Estate Investment […]

Cadbury House In Mumbai To Be Sold For Rs.450 Cr

Cadbury House, the current headquarters of Cadbury India, is expected to be sold for Rs.450 Cr. The confectionery firm has already appointed Cushman & Wakefield for this. Cadbury India has informed that it will sell its headquarters Cadbury House. The sale deed is to be fixed for Rs.450 Cr. Cadbury House is located on Pedder Road area […]

Unsold Properties Boost Homebuyers’ Sentiments in Pune

Remaining unsold properties in Pune boost the sentiments of the home buyers who expect to gain properties at lower rates after a good bargain with the builders. Large number of unsold properties in Pune gives a chance to the home buyers to have a good bargain with the builders and developers. Home buyers expect that the remaining unsold properties […]

Office Space Absorption In Bangalore Plunges As IT-Demand Falls

Being an important IT- Hub, Bangalore always depends on the IT and ITeS sectors for its growth and development. Facing weak demand from these sectors, Bangalore now witnesses lower office space absorption. There has never been a doubt for anyone about the close relation of Bangalore with the IT and ITeS sectors. This is comparatively […]

How Koramangala Changed into a Hot Real Estate Destination in Bangalore

Once upon a time localities used to call Koramangala ‘Sollemangala’ (Solle means mosquitoes in Kannada). The area spread over 1,800 acres in eight blocks, was once petrified by mosquito menace and mangroves. It was a village and was considered not a great place to live for a Bangalorean in the 80s and 90s. Today, it is one of […]

Realty Industry Welcomes Rate Cut as Sees Benefit for All

The interest rate sensitive realty industry Tuesday welcomed the Reserve Bank of India’s (RBI) decision to cut key lending rates by 50 basis points, and felt the move will boost builders’ and home loan customers’ sentiments alike. “For the real estate in particular, this is indeed a welcome step by RBI. While the sector was […]

Brokers from Realty Sector bail out Real Estate Developers with buyback deals.

The prices are not moving up in metros for more than a year now and the buyers including investors are staying away from making a purchase decision, so brokers are in a fix currently. An Industry watcher said that the Real Estate Developers are facing a cash crunch in the NCR and Mumbai Metropolitan Region […]

Realty Sector faces Disappointment.

The Union Budget 2012-13 on Friday proposed allowing external commercial borrowing for low cost affordable housing projects. Presenting the Budget in the Lok Sabha, the Finance Minister, Mr Pranabh Mukherjee, also proposed setting up of a Credit Guarantee Trust Fund to ensure better flow of institutional credit for housing loans. The Minister also proposed to […]

End of realty recession

As the phase of recession is towards its end, an increase in demand of commercial real estate projects, including both office and retail space has been witnessed by firms and retailers. The executive director for development services at consultants Cushman and Wakefield India, Ravi Ahuja said that in many cities including Mumbai and Delhi-National Capital […]

Commercial properties are waiting for takers

The slow down in the global economy has led to huge vacant office spaces. According to reports, empty offices in New York City, Chicago and Los Angeles have already exceeded 10%. And Mumbai, too, is following a similar path. “It’s the same story here, and it has to do with the global meltdown,’’ said a […]

Malls losing brands to high street

Malls are loosing brands to high street. Retailers grappling with issues of viability, visibility and branding are now quitting malls. Recent months have seen a gradual, but noticeable exodus of brands from malls to single-format stores on high street. This trend has added to the stagnant spaces in new malls, which have already been finding […]

Delhi registers highest vacancy in mall space

Delhi and its neighboring regions witnessed 24% vacancy in its mall space in 2008, the annual retail report issued by international real estate consultant Cushman & Wakefield has indicated. The mall rentals in Delhi also showed a proportionate decline in the range of 12-22%, the report said. Vacancy levels in Pune malls were also high […]

Investment in Asian real estate sector to benefit India

India may get benefited from the increased fund allocation to Asian real estate sector by global investors. Even as total amount raised by private equity real estate funds between January and November 2008 fell by a third to $57 billion from a year ago, the allocation towards Asian markets increased to 28% from 19%. As […]

Realty Slowdown Delivers Late Punch To Buyers

Realty slowdown is delaying delivery of homes. Several developers have postponed execution of their housing projects as funds become scarce, demand softens and raw material prices rise. While some others are deliberately delaying projects in order to reduce supply as demand weakens. Several projects across the country are getting delayed as developers aren’t able to […]

110 Logistics Parks Are Expected To Be Operational By 2012

Indian logistics industry is expected to grow at 15% to 20% per annum, reaching its revenues of $385 billion by 2015, said a report prepared by Cushman and Wakefield, which term the sector as new powerhouse for the real estate sector in times to come. As per C&W estimates, the market share of organized logistics […]

Demand Slow Down Strikes Office Space Market

With companies, particularly in the IT and BPO industry, holding back their expansion plans due to slowdown fears, the commercial real estate market posted a lackluster show in the 2nd quarter of 2008. The June quarter saw office space demand lagging far behind the supply levels of 18.07 million sq. ft. across major cities, as […]

New Craze For Homes Abroad

Indian companies picking up stake and buying out foreign businesses . Not only Indian Inc, but Indians are also showing their interest towards foreign destinations for second home. At the time when the Indian economy is struggling to get hold of the rising inflation, many of the rich Indians are actually busy fussing over and […]

Cash-starved Small Players Offer Investors Fixed Returns

With bank credit drying up and private channels of funding getting expensive, several small developers are attempting to mop-up funds from retail investors by offering them a 12% guaranteed return for 5-9 years. Under the scheme, a retail investor has to buy a minimum area in the project and make an outright payment. Delhi-based Piyush […]

Realty Bites Tech Hubs in Bangalore, Chennai

The stock of unoccupied properties with real estate developers in the main technology hubs of Bangalore and Chennai is mounting and indications are that their problems will only get worse as software companies head towards greener pastures.