Residential sales surge 51% in Q4 2020 across top seven cities: JLL
Strong rebound in Q4 2020 Seven key cities share the momentum Factors driving the revival New launches and inventory trend City highlights and outlook
WeWork India starts two new co-working centres in Mumbai, Bengaluru
WeWork India launched two new co-working centres in Mumbai and Bengaluru on September 8, 2020, adding 4,350 desks to meet surging demand for flexible workspaces. These centres, spanning 1.15 lakh sq ft, underscore the coworking sector’s growth amid India’s startup and corporate expansion. Centre Details The Mumbai facility at Nesco IT Park offers 3,400 desks, […]
Brigade Group Announces Q4 FY20 and FY20 Financial Results
Brigade Group, officially Brigade Enterprises Limited, announced its Q4 FY20 and full-year FY20 financial results in June 2020, revealing significant challenges amid the early COVID-19 disruptions. The Bengaluru-based real estate developer reported a sharp 115% drop in Q4 net profit to Rs 11 crore, primarily due to accounting standard changes under Ind AS 115. Despite […]
Panchshil Realty Launches Three-Pronged CSR Initiative to Mitigate Impact of COVID-19
Panchshil Realty, a leading real estate developer in Pune, launched a three-pronged CSR initiative through its Panchshil Foundation in April 2020 to address the severe impacts of the COVID-19 lockdown on daily wage earners and frontline workers. This effort focused on immediate food relief, community education, and medical protection amid widespread economic halt. Food Hamper […]
Blackstone, Salarpuria acquire Coffee Day’s Park for ₹2,500 cr
Blackstone and Salarpuria Sattva completed the acquisition of Coffee Day Enterprises’ Global Village Tech Park in Bengaluru for ₹2,500 crore in March 2020, marking a pivotal deal amid the company’s financial distress. Deal Background Coffee Day Enterprises, reeling from founder V.G. Siddhartha’s suicide in July 2019 and mounting debts, approved the sale of the 90-acre […]
Demand for office space in SEZs on the rise despite sunset date of March 31
Demand for office space in Special Economic Zones (SEZs) stayed surprisingly resilient in early 2020, with several large occupiers rushing to close leases despite the March 31 sunset date for key income‑tax benefits. Far from stalling, SEZ transactions were driven by consolidation, long‑term cost savings and occupiers’ confidence in India’s technology and services export story. […]
Home First Finance Company gets SEBI approval to float IPO
Home First Finance Company, a key player in affordable housing finance, secured SEBI approval in early March 2020 to launch a ₹1,500 crore IPO amid a challenging market backdrop. This milestone came shortly after filing its Draft Red Herring Prospectus (DRHP) in November 2019. Event Timeline The approval was announced on March 3, 2020, following […]
Coliving, Coworking & Student Housing Give 7-11% Higher Rental Yields- CII-ANAROCK Report
Coliving, coworking and student housing emerged as “sunshine” real estate asset classes in early 2020, delivering rental yields of about 7–11 percent versus the 3 percent national average from traditional residential formats. A CII–ANAROCK report titled Emerging Asset Classes: The Future Looks Promising highlighted how these models were reshaping India’s rental market and attracting both […]
ANAROCK Commercial Launched to Tap INR 63,000 Cr Office Strata Sale Market
ANAROCK Group expanded into office real estate with the launch of ANAROCK Commercial, targeting the massive INR 63,000 crore strata sale market for under-construction Grade A office spaces across India’s top seven cities. This vertical focuses exclusively on selling office assets to corporates, high-net-worth individuals (HNIs), and end-users, building on ANAROCK’s success in residential sales […]
RMZ in $ 1 Billion JV with Mitsui Fudosan
RMZ Corp entered into a landmark US$1 billion joint venture with Japan’s Mitsui Fudosan in late January 2020 to develop large-scale Grade-A office assets in India, marking Mitsui Fudosan’s maiden investment in the country. The partnership was centered on RMZ Ecoworld 30 in Bengaluru and aimed to create a long-term office platform across key Indian […]