US-based Intuit inks Rs 915 cr office lease for over 630,000 sq ft in BengaluruFinancial software firm Intuit has secured a significant office space in Bengaluru. The deal involves over 630,000 square feet across 11 fl...
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...
Embassy REIT to raise Rs 9,000 cr debt, FY26 distribution to unitholders up 10 pc to Rs 2,394 crRealty firm Embassy Office Parks REIT on Monday announced distribution of Rs 616 crore to unitholders for the March quarter, taking the tot...
AI majors building India base in Bengaluru boosting space demandBengaluru is rapidly becoming a global hub for AI innovation as major tech companies like Anthropic and OpenAI establish new offices. Europ...
Delhi-NCR, Bengaluru office rentals cross Rs 100/sq ft/month milestone: Knight FrankOffice rental rates in Bengaluru and Delhi-NCR have now crossed Rs 100 per sq ft. This milestone is driven by strong demand for prime works...
Mindspace REIT to acquire 2.6-million-sq-ft Chennai IT park for Rs 2,541 crMindspace Business Parks REIT is acquiring a large IT park in Chennai for over Rs 2,500 crore. This deal adds 2.6 million square feet to it...
Mindspace REIT buys office spaces in Mumbai, Pune for Rs Rs 2,916 crMindspace Business Parks REIT has acquired three prime commercial properties in Mumbai and Pune from its sponsor K Raheja Corp for Rs 2,916...
Mindspace REIT acquires 3 office buildings in Mumbai, Pune for Rs 2,916 crMindspace REIT has bought three key office buildings in Mumbai and Pune for over Rs 2,900 crore. This deal significantly expands the REIT's...
Embassy REIT raises Rs 2,000 crore through first-ever 10-year NCD issuanceEmbassy Office Parks REIT raised ₹2,000 crore through India’s first 10-year NCD by a REIT, marking a milestone in REIT debt markets. Procee...
Embassy REIT appoints leasing co-heads, gears up for anticipated office demand revivalEmbassy REIT concluded over 40 new lease deals during FY2021, including prominent global occupiers across six sectors, and achieved spreads...
Embassy REIT plans to vaccinate over 4,900 frontline staffThe county's first Estate Investment Trust Embassy along with Bruhat Bengaluru Mahanagara Palike (BBMP), the administrative body responsibl...
Embassy REIT receives regulatory approval for simplifying the holding structure of Embassy ManyataEmbassy REIT had initiated the scheme to simplify its holding structure by reducing the shareholding tiers and to increase the dividend com...
Prestige Estates Projects considering REIT for its income generating assetsPrestige Estates’ rental yielding assets is currently valued around Rs 10, 000 crore at 8% cap rate.
Blackstone to put Pune IT Parks sale on hold, may add to REITBlackstone had put its BlueRidge SEZ and IT SEZ in Hinjewadi area of Pune up for sale. Investment bank Morgan Stanley is the exclusive advi...
Blackstone to list its office assets in REIT with embassyThe Blackstone-Embassy alliance is expected to raise around $1 billion (.`6,850 crore) through this issue, which will be India’s maiden REI...
Pre-commitment for commercial space shows sharp riseUnlike residential properties, commercial projects are bought or leased closer to the project's completion date and stronger pre-commitment...
By 2020, Indian realty to provide $77 billion REIT investment opportunity: ReportAcross the country's top seven cities, including Mumbai, Delhi-NCR, Bengaluru and Pune, ready commercial space eligible for REIT investment...