Commercial

This section contains only the details required for the people interested in buying or getting the details only for the Commercial Properties such as Offices, Showrooms, Etc.

Google buys office building in London for $1 billion, Real Estate News, ET RealEstate

File photo LONDON: Tech giant Google has spent $1 billion to buy a central London building where it is currently a tenant, showing its confidence in the future of the office as a place to work, the company said on Friday. Google, which employs 6,400 people in Britain, plans a multi-million pound refurbishment of its …

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South Delhi civic body to let private players take care of some heritage sites, Real Estate News, ET RealEstate

NEW DELHI: The South Delhi Municipal Corporation (SDMC) plans to hand over the maintenance of some of its heritage sites and structures to private players in lieu of running commercial activities. The civic agency had passed a policy in this regard last year. On Tuesday, it invited tender for leasing out the first property, at …

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Office leasing in 2021 surpassed 2016-2018’s average by 7%, Real Estate News, ET RealEstate

Office gross absorption across the top six cities was at about 33 million sq feet, 10% higher compared to 2020, as per Colliers. Pan-India absorption during the year surpassed the annual gross absorption during 2016-2018 by 7%, signalling a strong revival in occupier confidence. Occupancy levels rose in prominent office micro markets across the top …

Office leasing in 2021 surpassed 2016-2018’s average by 7%, Real Estate News, ET RealEstate Read More »

Hetero Group acquires 600 acres in Hyderabad for over Rs 350 crore from US fund, Real Estate News, ET RealEstate

Representative Image Hyderabad-based generic pharmaceutical company Hetero Group has bought around 600 acres of land for over Rs 350 crore from a US-based fund, in one of the largest land deals in the city in recent times. The deal includes the pharma firm buying the entire stake in two subsidiaries that held the land from …

Hetero Group acquires 600 acres in Hyderabad for over Rs 350 crore from US fund, Real Estate News, ET RealEstate Read More »

Brookfield leads race to acquire IL&FS 4.5-lakh sq ft headquarter in Mumbai, Real Estate News, ET RealEstate

MUMBAI: Brookfield Asset Management has emerged as the frontrunner to acquire IL&FS group’s iconic 4.5-lakh sqft headquarters in Mumbai’s Bandra Kurla Complex. While a few others, including private equity firms and real estate companies, had shown interest none of them has matched the bid by Brookfield. IL&FS board has put the group’s corporate headquarters on …

Brookfield leads race to acquire IL&FS 4.5-lakh sq ft headquarter in Mumbai, Real Estate News, ET RealEstate Read More »

DCB Bank buys 15,464 sq ft office space in Mumbai’s Lower Parel, Real Estate News, ET RealEstate

Private sector bank DCB Bank has bought a 15,464 sq ft office space in Peninsula Business Park in Mumbai’s Lower Parel business district for over Rs 37 crore on an outright basis. The bank has acquired the office space on 18th floor of tower A of the commercial project. Along with the carpet area of …

DCB Bank buys 15,464 sq ft office space in Mumbai’s Lower Parel, Real Estate News, ET RealEstate Read More »

Unauthorised portions of commercial building sealed at T Nagar, Real Estate News, ET RealEstate

Representative Image CHENNAI: Unauthorised constructions of a commercial building at Nageswara Rao Road in T Nagar in Chennai were sealed on Tuesday. While planning permission was issued for construction of basement floor (partly shop and parking) and ground + three floors for a shopping complex, one more floor was added to the structure. The planning …

Unauthorised portions of commercial building sealed at T Nagar, Real Estate News, ET RealEstate Read More »

Smartworks leases 450,000 sq ft office space in Hyderabad, Real Estate News, ET RealEstate

Representative Image Smartworks has leased 450,000 square feet office space in Hyderabad, in one of the largest commercial real estate leasing deals in the country. The office space, located in K Raheja Corp’s Mindspace IT park, has a lock-in period of five years, with the lease spread over 10 years. “The deal was closed in …

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