Bengaluru’s rental market saw the sharpest spikes in the year leading up to April 2023, outpacing other major Indian cities amid post-pandemic demand surges. Reports from NoBroker and Anarock highlight hikes exceeding 30% in key areas like Whitefield and Sarjapur Road. This article recaps the trends as observed then, with visuals for clarity. Bengaluru Leads […]
Bengaluru emerged as the clear frontrunner of India’s housing boom in Q1 2023, leading sales volumes among the top seven cities as the residential market hit a 15‑year high in quarterly performance. Robust end‑user demand, resilient IT-led employment and improving affordability helped the city consolidate its position as the country’s most stable and absorption‑driven housing […]
Catherine Chen sits down with Saurabh Shatdal and Somy Thomas to explore the growth opportunities in the Indian commercial real estate markets Catherine: India is forecast to see GDP to grow by around 10% this year. What are the primary economic drivers and how will this impact commercial real estate investment in India? Saurabh: One of the […]
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 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, 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, 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 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 […]
