Category Archives: Real Estate & Properties

NetApp-HQ
NetApp opens new Rs 1,000 crore campus in Whitefield, Bengaluru

Storage and data management company NetApp inaugurated an independent campus in Whitefield in Bengaluru, set up with an investment of Rs 1,000 crore. The centre is NetApp’s largest in the world in terms of engineering strength. Out of its eight such sites, seven are in North America. It currently employs 2,000 people in Bengaluru, all of […]

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Bengaluru’s office space vacancy is only 3%

The IT capital of India has only 3% vacancy in office space, an all-time low, against the top seven cities in the country as strong demand from corporates sucks up space but builders are moving to pre-fabricated buildings and customised offices to stay in business. According to JLL, the average vacancy in commercial real estate […]

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Qualcomm
Qualcomm to lease 5L sqft of office space in Bengaluru

Mobile chip maker Qualcomm is close to acquiring about 0.5 million square feet of office space in Bengaluru to expand its operations in the city, according to people familiar with the matter. The company is looking for space in Outer Ring Road, which is home to numerous multi-national companies including Google, Cisco and Visa, sources […]

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Apple
Apple picks north Bengaluru – Yelahanka for its 50k sft new office space

Apple has leased about 50,000 sq ft of office space in Yelahanka, north Bengaluru, for its design and development accelerator to support engineering talent and grow the country’s iOS developer community, sources said. The office space, expected to house about 300 people and open next year, will be in RMZ Galleria — an 11-acre plot […]

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Bengaluru developers completing office projects ahead of deadlines: JLL

As corporate occupiers in India have been staring at a severe supply crunch of ‘right product-right place’ grade-A commercial realty, a few developers in Bengaluru have completed their office projects a couple of quarters prior to the original deadlines. Ashutosh Limaye, National Director, Research, JLL India said: “This is most probably due to developers taking […]

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sene
Bengaluru among cheapest cities in world: EIU

Mumbai and Bangalore are among the cheapest cities in the world, according to a top London-based forecast group that named Singapore as the most expensive city. The Economist Intelligence Unit (EIU) ranked Singapore as the priciest ahead of Zurich, Hong Kong, Geneva and Paris. The EIU also said India and Pakistan accounted for five of […]

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JC Penney
JC Penney takes on lease 130,000 sq ft in Bengaluru

In one of the most high-profile leasing deals this year, US-based apparel and home furnishing retailer JC Penney has taken 130,000 square feet (sq ft) of space on lease in a plush office complex in Bengaluru. JC Penney will pay a rent of Rs 10.92 crore per year or Rs 70 per sft a month […]

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Commercial-realty
Bengaluru tops in Asia Pacific on commercial realty growth

Bengaluru is ranked first in the Asia Pacific region in terms of city’s socio-economic growth and momentum in the commercial real estate space, according to property consultant JLL. Globally, Bengaluru ranks fourth after London, Silicon Valley and Dublin, JLL India said in a statement. Hyderabad is at 17th position in the global ranking. “India’s Bengaluru […]

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Bengaluru based Quikr buys CommonFloor for Rs.680 Crores

After protracted negotiations that lasted more than six months, Bengaluru-based online classified’s firm Quikr has acquired real estate listings platform CommonFloor. The companies did not disclose the value or other details of the deal. While many numbers have been floating around, TOI has reliably learnt that the deal has valued Bengaluru-based CommonFloor at around $100 […]

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Real-Esate-Investment-2016
End-users, not investors, will drive real estate this year – 2016

Developers’ initiatives such as offering attractive schemes and deals to buyers, coupled with lowering of rates by the Reserve Bank of India, seem to be encouraging the fence-sitters to enter the market. After 2015 failed to bring cheer to the property market, the new year may have begun on a promising note. Industry officials say slump […]

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Realty-property
Bengaluru among the top-20 destinations in realty investment globally.

The IT capital has surpassed both the commercial and political capitals of India as the top investment destination in the property market. Nearly 13 per cent of over $6.7 billion Rs 44,450 crore that PEs have invested in India’s property market from 2013 through the first half of 2015 has gone to Bengaluru. Global property […]

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rental income
Bengaluru tops in rental yields in India with 10.5%

After a period of slowdown, a lot of interest from the investor fraternity is witnessed in the office rental yields with Bengaluru, Mumbai and Delhi topping the list of 20 global cities, a recent survey said. According to a report by property consultant Knight Frank on forecast of top 20 global cities with highest rental […]

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Mahindra-Windchimes
Mahindra Lifespace to invest Rs 450 cr in its maiden venture in Bengaluru

The company will be delivering 1,200 residential units during 2015-16 spread over 1.5 million square feet area. Mahindra Lifespace Developers Ltd (MLDL), the real estate and infrastructure development arm of Mahindra Group, on Tuesday announced expansion into Bengaluru’s housing property market with its maiden project, Windchimes. The company is investing Rs 450 crore on development of […]

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realestate-bengaluru
View your property with survey number on Google Earth soon

BENGALURU: In a couple of days, Bengalureans will be able to see the survey numbers of properties on Google Earth. They will be able to view buildings, lakes and other structures, with Google Earth only as a background. The state government will introduce a computer application that will superimpose survey maps on Google Earth images […]

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raelaty-market copy
Bengaluru emerges as top realty market, Mumbai slips to eighth spot

Mumbai and National Capital Region (NCR), which includes Noida, Gurgaon, Greater Noida, Ghaziabad and Faridabad, are fast losing sheen as real estate markets even as southern cities are moving on to higher rungs of the property ladder. This is what is emerging from the real estate analytic firm PropEquity’s ranking of top 10 cities in the Indian […]

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flipkart
Flipkart leases Bengaluru office space in country’s largest deal

Flipkart has completed India’s single largest of office space leasing deal to date by signing up for a two million square feet of custom-built office campus in Bengaluru, as it seeks to expand its operations and workforce. In October, Flipkart entered in o an agreement with Embassy Group to lease a total three mil ion […]

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Office_space
Bengaluru large Office Space in Short Supply as Cos Expand

Rentals up 10% in past 3 months, now growth plans take a hit.Expansion drive of large corporates is leading to a shortage of office space in top metros as rentals shoot up 10% in the past three months, hitting the growth plans of companies. The year 2014 was characterised by several large office deals by […]

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realty2
Bengaluru is country’s most stable Realty market – attracting investors from other metros

Bengaluru, the country’s most stable housing market and the largest office market, is drawing investment for its homes from Mumbai, the National Capital Region (NCR) and Kolkatain a big way. Bengaluru-based developers such as Puravankara and Brigade are seeing eight to 10 per cent of total home sales from buyers in these three areas. “Historically, buyers […]

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Brigade_GIC_logo
HUL selling Bengaluru real estate property to Brigade-GIC JV

Hindustan Unilever Ltd (HUL) is selling a property in Bengaluru, which was proposed to be developed as a special economic zone (SEZ), to Brigade Properties Pvt Ltd, a joint venture between Bengaluru – based developer Brigade Group and Singapore’s sovereign wealth fund GIC, it said on Wednesday. The country’s largest fast moving consumer goods (FMCG) […]

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Realty-India-rupee_6
India among top 20 realty investment destinations in world

Investments in Indian real estate last year jumped more than two-fold to over USD 5 billion, helping the country figure in the list of world’s top 20 property destinations, according to consultant Cushman & wakefield. “India is amongst the top 20 real estate investment destinations for 2014 with total of USD 5,000 million,” global property […]

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