Office space market in India’s top seven cities will see total supply of nearly 243 million sq ft by 2015 and this would be 17% higher than estimated demand, indicating a clear oversupply, Cushman & Wakefield and Global Real Estate Institute said in a report. (more…)

Real estate firm Ashiana Housing has announced the launch of an integrated commercial retail complex “Marine Plaza” at Jamshedpur. (more…)

Leasing and sale of office space in Mumbai and Delhi-NCR rose 69% and 18%, respectively, according to DTZ International Property Advisors. (more…)

Occupancy level of office spaces in Delhi and the National Capital Regionhas increased during April-June quarter on the back of renewed demand from corporates, who had put their expansion plans on hold during recession. (more…)

The demand-starved Indian commercial office space market is slowly seeing positive signs, with several large and mid-sized US companies looking to outsource their work to India for the first time. (more…)

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…)

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…)