Technology, BFSI, consulting and manufacturing occupiers are likely to lead the demand in 2021. Several occupiers will continue with hybrid workplace strategies in the coming months that will result in asset light portfolios,
The Bengaluru-based group has already launched such projects across south India, developing 10 MSF of warehousing space. It is also setting up a 2MSF facility in Bhiwandi (Thane). All the projects will be completed in phases.
The first national developer survey by an industry body to analyse the after-effects of the pandemic’s deadly second wave further paints a grim picture for the country’s second-largest employment generating sector.
India’s net office absorption stood at 4.39 MSF in April-June 2021, up 32% year on year (Y-o-Y). However, on a sequential basis, demand fell 16%. As in the last three-four quarters, during Q2 2021 the demand was largely led
Counterpoint Research said that online sales accounted for about 26% share of the global mobile phone market in 2020, which means that one in four mobile phones sold was purchased online. “Covid-19 had a big role in this ch
The concession agreement was signed between YEIDA (then Taj Expressway Industrial Development Authority) and JAL in February 2003. JAL's rights were transferred to a SPV, JIL in October 2007. The concession period is for 36 y
“In addition, OEMs prioritising fast-moving markets, such as the US and Western Europe, and diverting the bulk of their inventory to these markets, has further aggravated the situation. For most of this year and next, India
This is the fourth round of the bidding process in JIL’s bankruptcy case. The company went into the insolvency process in August 2017 after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-le
The state-run company emphasised assenting financial creditors (AFCs) can realise up to Rs 4,000 crore for the 90% stake in the e-way SPV being offered to them as part of the insolvency resolution process.
Noida is attracting corporates as it boasts of better road and metro connectivity, affordable housing, abundant power, Grade-A offices, competitive rentals and upcoming international airport and logistics hub. But, analysts p
The development comes at a time when the country faces shortage of proper rental housing facilities, especially for the lower-income groups and migrant workers, while there are over 1 crore flats vacant in urban areas.
Mumbai Metropolitan Region has continued to one of the most favoured investment destinations globally. With an uptick in demand for luxury housing, especially during last year, it is well-positioned for exponential growth.
Sources said that around 75-76% of the CoC members voted in favour of allowing time from May 29 to June 4 to both the resolution applicants to submit their final bids for JIL. Subsequently, the lenders’ panel cancelled the
NBCC submitted its revised bid to Hudco on May 22, with the approval of the ministry of housing and urban affairs (MoHUA). In a letter to Hudco, NBCC requested for a letter of comfort (LoC) for financing Rs 2,000 crore, as pe
The softening of stance by NBCC comes after the company, on Sunday, wrote a strongly worded letter to Jain over his observations that its revised resolution plan was non-compliant with certain provisions of the IBC and the CI
In its revised resolution plan, NBCC proposed that DFCs would be allowed to enforce security interest, forming a part of the institutional financial creditors’ (IFCs') security interest, but only to the extent of the liquid
IDC said PCs were in high demand because enterprises, SMBs, and consumers continued their purchases. Besides, supply has been inconsistent over the past few quarters and demand continued to outstrip supply for the country.