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BANGALORE: Hamburg-based real estate investment management company, Union Investment Real Estate AG, which manages assets worth over e13.2 billion globally, is in talks to buy out the Bangalore-based India Builders Corp’s Knowledge Park which is located on Bannerghatta Road Near Diary Circle, partly or in whole, for an undisclosed amount, ...
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The finance minister's Budget proposals for the real estate sector has evoked a mixed reaction. Inclusion of lease rental income from commercial business in service tax net may have a marginal negative impact for companies in commercial segment as lease rental agreements have provisions for tax increases. However, in the longer run companies ...
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The office and mall space has just got dearer by 15-20pct and your home by a further 20pct. Terming the budgetary provisions, if any, for the real estate sector as bordering on the ‘ridiculous’, property pundits feel that the extension of service tax by the Union Budget 2007-08 to renting of immovable property for use in commerce or ...
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Bangalore, India, February 23, 2007 - Office space in Bangalore's IT suburb of Whitefield can be rented cheaper now than a year ago thanks to an oversupply situation in the area. Rentals for Grade A properties in Whitefield are now around Rs.20 per sq.ft today versus Rs.20 per sq.ft a year ago. Even in ITPL rental values are going ...
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According to Cushman and Wakefield, a real estate research firm, Bengalooru (Bangalore) occupied the first position i.e. 33.75pct, of the 40 mn sq ft of commercial space leased or committed in India last year. Second stood the NCR comprising Delhi, Gurgaon, Noida, Ghaziabad and Faridabad that recorded the highest growth of 100pct in 2006. Chennai, ...
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With the explosion in retail and realty boom in India, 'going green' is going to become a buzz word with the corporates and end-users alike. The $6 bn Trane India, that provides heating, ventilating and air conditioning products (HVAC), is eyeing at least 30 pct growth in the next few years, informed Mr Sanjeev Seth, Mkg Mgr, North & ...
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