Bengaluru continues to emerge as preferable hub for commercial real estate: JLL – ET RealEstate

The country’s IT capital and start-up hub continues to evolve and attract upmarket investments across sectors according to JLL. Primarily led by the BFSI, Tech & Pharma companies, the first quarter (Jan-March) of 2021 witnessed a steady revival in office leasing activity. Further, on the retail front, Bengaluru’s brand penetration per capita is has increased […]

Land value near upcoming metro corridors expected to rise by 10-15%: JLL – ET RealEstate

NEW DELHI: Land value within 500 meters of upcoming metro corridors is expected to increase by 10-15%, according to JLL. According to the company, the deployment of metro corridor directly impacts the real estate sector as it increases the land value, land use change and densification alongside the metro corridor. In the past five years, […]

Net absorption in office market dips 33% at 5.53 million sq ft in Q1 2021: JLL – ET RealEstate

NEW DELHI: The overall office market in India witnessed a net absorption decrease of 33% in Q1 2021 quarter-on-quarter (Q-o-Q), with 5.53 million sq ft leased during Jan to March 2021, according to a recent report by JLL India. Bengaluru, Hyderabad and Delhi NCR accounted for nearly 80% of the net absorption during the quarter. […]

Office markets in seven cities have potential space of 284 million sq ft: JLL – ET RealEstate

NEW DELHI: JLL believes that India’s current office markets across seven major cities have potential space of 284 million sq ft that could be securitised with an estimated value of Rs 2,62,800 crore. “This estimate was based on buildings that meet two important criteria – single ownership and large floor space with high occupancy rate. […]

Saltmine raises $20 million from Jungle Ventures, JLL Spark & Xplorer Capital – ET RealEstate

NEW DELHI: Saltmine, a digital workplace platform, has raised $20 million Series A funding from JLL Spark, the strategic investment arm of JLL, Singapore-based Jungle Ventures and Xplorer Capital. In addition to its capital investment, JLL has entered into an agreement to sell Saltmine’s software directly to its customers. With the new financing from the […]

Net absorption of office spaces declines 45% in 2020: Report – ET RealEstate

NEW DELHI: The office market in India reached its peak in 2019, with net absorption of Grade A spaces crossing 46 million sq ft and new completions breaching the 50 million sq ft mark. In 2020, the net absorption of office spaces was 25.5 million sq ft, registering a 45 per cent drop while new […]

Mumbai: Sunteck Realty & residents at war over Signia Pearl society formation – ET RealEstate

MUMBAI: Residents of a plush new Bandra-Kurla Complex (BKC) tower, Signia Pearl, and the builder, Sunteck Realty, are at daggers drawn over the formation of a housing society. The dispute escalated earlier last week with bouncers stationed outside the 18-storey tower with the two sides accusing each other of arm-twisting. Residents said they had to […]

Net absorption of office spaces dips 44% in 2020: JLL India – ET RealEstate

NEW DELHI: In 2020, the net absorption of office spaces in top seven cities dipped by 44% when compared to 2019, according to JLL India. In 2019 the net absorption crossed 46 million sq ft while in 2020 it has reached about 25.82 million sq ft. In the Jan-March 2020 quarter the net absorption was […]

Housing launches across top seven markets witness sequential spike in Q4, up 112%: Report – ET RealEstate

MUMBAI: The improvement in housing sales momentum in the last few months has managed to renew business confidence among real estate developers as indicated by the rising project launches activity across the country. The ongoing fourth quarter has witnessed launch of 26,785 new residential units, more than twice the launches seen in the previous quarter […]

Pune office absorption gains momentum; July-Oct leasing tops 1 million sq ft – ET RealEstate

Representative Image MUMBAI: Commercial real estate activity in Pune, one of the key information technology and IT-enabled service hubs in the country, has started picking up after witnessing sluggish activity during the lockdown and the ongoing Covid-19 disruption. The market has recorded absorption of over 1 million sq ft during July to October compared to […]