Browsing Tag
Commercial property
25 posts
India’s Office Real Estate Market Set to Reach Record 85 Million Sq Ft Leasing in 2024
India’s office real estate market is on track to reach a record 85 million square feet in leasing in 2024, reflecting a strong recovery driven by demand from key sectors such as IT-BPM, BFSI, and Global Capability Centres. The growth signals sustained business confidence and a positive outlook for the commercial real estate sector.
Suraj Estate Developers Acquires Land in Mahim West for Rs. 101 Crores
Suraj Estate Developers has acquired a vacant land parcel at Senapati Bapat Marg, Mahim West, for Rs. 101 crores. The development, which will feature 2.10 lakh square feet of RERA Carpet area, is set to become a major commercial project with an estimated GDV of Rs. 1,000 crores. The strategic location offers excellent connectivity, ensuring significant growth potential for the project.
Urban Vault Expands Office Space in Bengaluru’s CBD to Meet Rising Demand
Urban Vault has expanded its presence in Bengaluru’s CBD by leasing 1.2 lakh square feet of office space to meet growing corporate demand for managed workspaces. The company, which now boasts over 2 million square feet of office space, aims to enhance its offerings to medium and large enterprises.
Phoenix Mills Subsidiary Declared Highest Bidder for Prime Mohali Plots
Phoenix Mills Limited has been declared the highest bidder for two prime city-centric plots in Mohali, Punjab. With a winning bid of approximately Rs. 891 crores, its subsidiary, Casper Realty, plans to develop a landmark retail-led mixed-use destination aimed at fulfilling the retail and entertainment needs of the Chandigarh Metropolitan Region.
