Rentals of Indian commercial properties are expected to rise by 10 per cent after the Budget today proposed to bring all lease agreement of shopping complexes, malls and vacant lands under the ambit of service tax. (more…)

Commercial real estate is hoping for a bounce back in 2010. For 2009 though, the year is ending with a 29% decline in space absorption compared with last year, according to the annual year-end report by real estate consultancy Cushman & Wakefield. (more…)

MGM Mirage, the Las Vegas Strip’s largest casino owner, is entering India with non-gaming luxury hotels as the struggling gaming and hospitality giant turns to emerging markets like India and China to get over the recession blues. (more…)

The Indian capital Delhi has moved two notches up and has re-entered the top 10 list of the world’s most expensive office market, while the financial capital Mumbai has slipped one notch down, even as globally demand for office space has been softening, says a report. (more…)

Hyderabad office market continued to witness an increase in the overall leasing activity in the third quarter of 2009 as compared with the last two quarters, property consultant Jones Lang LaSalle Meghraj (JLLM) stated. (more…)

UK-based serviced office provider Avanta, which blocked properties at the peak of the realty boom in India and started offering office space to clients during the downturn, is in the process of shutting down its Mumbai operations after incurring significant losses. (more…)

Excess supply has made office rentals in key commercial centres in Mumbai and Delhi come down by half over last year, and realty analysts fear that with business houses waiting for economic activity to pick up speed and a raft of new commercial facilities nearing completion, the rates could head further southwards. (more…)

Quinn group, the leading business conglomerate from Ireland, announced the unveiling of Q-City, a Class-A commercial building, in Hyderabad, which sets a new benchmark in quality commercial real estate. (more…)

According to the world travel and tourism council, the growth in the hospitality industry is pegged at 15% every year, and with 2,00,000 rooms (both luxury and budget) needed in the country, the segment is poised for a massive growth. (more…)

The commercial property market may witness a revival post-Diwali, says Religare Securities. (more…)