The PE giant Blackstone plans to buy Express Tower. The group’s Indian headquarters is in this commercial tower. Blackstone, having assets worth over $210 billion, is ranked as the largest private equity firm in the world. The group has investments in many countries including India.
With the aim to attract more buyers, Mumbai developers are now launching their new projects at lower rates. Sluggish realty market and weak home sales have affected Mumbai Developers severely. This has forced them to launch their new projects at comparatively lower rates than the existing prices.
Vacancy rate in shopping malls is moving upward. Industry experts say that this is because of the indiscriminate launches of new shopping malls. According to some recent reports, vacancy rates in shopping malls have reached almost 30%. The mall owners are now finding it hard to gain takers for the vacant space.
The four day MCHI-CREDAI Property Expo 2013 received good response from the prospective buyers. Huge crowds are reported to have visited the property expo. MUMBAI: MCHI-CREDAI Property Expo 2013 was conducted at MMRDA grounds at BKC. The property expo which began on April 11, ended yesterday. The property expo attracted huge crowds, over 50000 visitors.
Oracle India Pvt Ltd has signed to lease 50000 sq. ft. office space in the Bandra Kurla Complex. MUMBAI: Signing the lease agreement, Oracle India has made it certain that they will be having a new headquarters. The IT major will lease over 50000 sq. ft. of office space.
By skgupta
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Posted in Property News
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Also tagged Bandra Kurla Complex, BKC, Cb Richard Ellis, Cbre, FIFC, First International Financial Centre, Godrej One, Jll, Jones Lang Lasalle, Jones Lang LaSalle India, office space absorption, Oracle, Oracle India, Ramesh Nair
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Golf courses are one of the main amenities which the buyers are looking for in Mumbai. There are many upcoming golf courses in Mumbai. Yet, compared to other cities, there are only lower numbers of golf courses in Mumbai.
While visiting India, David Cameron, the Prime Minister of Britain, said that the British Government is ready to help India for developing the corridor that fall between Bangalore and Mumbai. If India could develop the 1000 km long corridor between Bangalore and Mumbai, it would become one of the most important locations in India, opined […]
A commercial project will be developed by Godrej Properties; in collaboration with Jet Airways, in the Bandra Kurla Complex area. Godrej Properties will join hands with Jet Airways to develop a commercial project in Mumbai in the Bandra Kurla Complex area. Godrej Properties Ltd. (GPL) is the real estate branch of Godrej Group.
February 19, 2013 – 7:29 pm
Sluggish real estate market indirectly affects Bollywood collection. Bollywood remain unable to amass good revenue as there aren’t many multiplexes to project the Movies. Bollywood collection is mainly from the multiplexes which are built mainly in the mall projects. Once the mall projects are affected by the sluggish real estate market, construction of the mall projects is […]
October 23, 2008 – 6:07 am
Centrum Broking Pvt Ltd today shared findings from its research report on the Mumbai Real Estate Sector. It expects a 30-35% fall in India’s residential prices from the peak, with the Mumbai Metropolitan Region (MMR) estimated to witness the lowest fall of 20-30% until April 2009. Residential demand in Mumbai is estimated at 66mn.square feet […]