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…)

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

Premier Inn is planning to open about 80 hotels in the country in the next 10 years. (more…)

India’s capital New Delhi continued to witness a decline in retail rentals of 25 per cent and ranked 69th in rentals among the list of major cities across the world during the first quarter of 2009, according to global real estate consultancy CB Richard Ellis. (more…)

Hopes that the Indian retail sector may be opened any further have been dented. The government have announced that the interests of small traders will be protected as the industry is the second largest employer after agriculture. (more…)

Indian office real estate hit an all time low with values nearly bottoming out as compared to its peak around 8-12 months ago, in fact, the commercial real estate values dropped by an average of 25% in all markets and touched 50% in some.. (more…)

India has emerged as the most alluring market for investment in the retail sector, surpassing the likes of China, Russia and the United Arab Emirates according to a recent report by US-based global management consulting firm A T Kearney. (more…)

DLF has been unable to develop a number of Special Economic Zones (SEZ’s) and has asked The Board of Approvals (BoA) to denotify four of them. DLF will use the land to develop commercial projects in India. (more…)

The commercial property market in the Mumbai is expected to take a 20-40 % correction according to a recent Jones Lang LaSalle Meghraj report. (more…)