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LEASABLE AREA
REITs' leasable area to rise 30% by FY28, credit profiles to remain healthyIndia's listed office REITs are poised for significant expansion, with leasable space projected to grow by 40-45 million sq ft by 2027-28. ...
West Bengal charging electronics productionWhile the new BJP regime has begun identifying land parcels in the state for greenfield investments, establishing a land bank is a more tim...
Flex office firms' earnings jump on strong demand, premium shiftFlexible workspace firms WeWork India, Smartworks, IndiQube, and Awfis reported robust revenue growth and improved margins in the last fisc...
Flex office: As GCCs boom, Table Space is betting big on managed workspacesAs India’s GCC ecosystem expands rapidly, enterprise managed workspace providers are emerging as critical enablers of global firms entering...
Jhunjhunwala-backed Bagmane Prime Office REIT lists at 3.5% premium over IPO priceBagmane Prime Office REIT debuted on the NSE at Rs 103.50, a 3.5% premium to its IPO price, following a highly subscribed Rs 3,405 crore of...
Blackstone and Jhunjhunwala-backed Bagmane draws 2 lakh applications, highest for all REIT IPOsBagmane Prime Office REIT received record investor participation and strong oversubscription in its Rs 3,405 crore IPO. Backed by Blackston...
Mindspace REIT raises Rs 500 cr through 10-year NCD issueMindspace Business Parks REIT raised Rs 500 crore through 10-year NCDs at 7.63% coupon, fully subscribed by an insurer. Funds will refinanc...
Bagmane Prime Office REIT IPO: Subscribed 1.07 times on Day 2; check GMP and key detailsBagmane Prime Office REIT IPO is 83% subscribed on Day 2, driven by steady institutional and investor interest. The issue aims to raise Rs ...
Jhunjhunwala-backed Bagmane REIT IPO subscribed 71% on Day 1. Check GMP, price band and other detailsBagmane Prime Office REIT's Rs 3,405 crore IPO opened on Tuesday, aiming to list at Rs 100. Despite strong institutional backing, including...
Jhunjhunwala trust backs Bagmane Prime Office REIT ahead of Rs 3,405 crore IPOBagmane Prime Office REIT is set to launch its IPO today, May 5. The company has secured significant backing from anchor investors, includi...
Net leasing of office spaces in NCR down 60 pc in Jan-Mar to 1.5 mn sq ft: JLLDelhi-NCR's office market experienced a subdued first quarter with net leasing falling 60% to 1.5 million sq ft, primarily due to reduced n...
Strata sells Bengaluru’s industrial asset for Rs 35 croreStrata has successfully sold a Bengaluru industrial property for Rs 35.3 crore, yielding a 15.3% IRR and nearly doubling investor capital. ...
NDR InvIT acquires Grade-A warehousing assets in Kochi, Coimbatore for Rs 260 croreNDR InvIT Trust has acquired two warehousing assets in Kochi and Coimbatore for approximately ₹260 crore. This expansion adds about 0.79 mi...
Mindspace REIT acquires 51% stake in 2.6-million-sq-ft Chennai IT park for Rs 1,500 crMindspace Business Parks REIT has acquired a significant stake in a Chennai IT park. The deal values the property at Rs 3,000 crore. This a...
Shree KB Group to invest Rs 425 crore in commercial project in Greater NoidaShree KB Group is investing Rs 425 crore in its new commercial project, KB West Walk, located in Greater Noida West. The project will span ...
Nexus Select Trust to pick 50% stake in Runwal Enterprises' upcoming mall in Mumbai for Rs 434 croreRealty firm Nexus Select Trust will acquire 50 per cent stake in an upcoming mall in Mumbai for Rs 434 crore as part of its expansion plan.
Leasable area under REIT expected to grow by over 10% in the coming quarters: ReportAs per the study, Mindspace REIT delivered the highest absolute returns of 8.11% year to date till October 31, 2022. For the same period, B...
Ascendas India trust to buy two buildings in Bengaluru for Rs 1,441 croreThe fund will also provide capital to develop the project as part of the agreement. It proposes to acquire a net leasable area of up to 1.6...
Indian Railways seeks bids for making bungalows in Delhi’s Civil LinesThe RLDA has invited bids for grant of lease for the redevelopment of 2.18 hectares of Boulevard Road Railway Colony for 99 years, with a r...
Indiabulls Real Estate inks pact to jointly develop commercial building in Mumbai’s WorliThe developer has executed a non binding term sheet with the Oricon Enterprises, the owner of around 0.9 acre land parcel situated at Dr. E...