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 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, 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 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 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 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 […]
The Karnataka High Court held that the Bangalore Development Authority (BDA) cannot unilaterally cancel a site allotment or registered sale deed once a site has been validly allotted and conveyed to an allottee or subsequent purchaser. Any such cancellation, without notice and due process, is ab initio void and unenforceable in law. Background and case […]
Bengaluru, 16 January, 2020 E‑commerce major Amazon is lining up one of the largest office space requirements in Bengaluru, with plans to lease about 2 million sq ft in the city as part of a massive expansion of its India operations, according to people familiar with the development. The mandate, focused largely on North Bengaluru […]
10/16/2019 Addition of leading project management firm in India with more than 1,000 professionals TORONTO, CANADA AND BANGALORE, INDIA, October 16, 2019 – Leading global commercial real estate services and investment management firm, Colliers International (NASDAQ and TSX: CIGI), has completed its previously announced acquisition of Synergy Property Development Services (“Synergy”). The company will merge with Colliers’ existing operations […]
