IPO: Embassy Office Parks REIT to raise Rs 4,750 Cr for project & financial purpose

By Rohit Sharma  MUMBAI: Embassy Office Parks REIT, a joint venture (JV) between Blackstone Group and Bengaluru-based developer, is set to raise Rs 4,750 crore in India’s first REIT listing for funding the Embassy One assets project and repayment of existing debt. The company in a statement said, the initial public offering (IPO)

Shapoorji Pallonji enters into Thane residential market with premium project

By Accommodation Times Bureau THANE: Shapoorji Pallonji Real Estate, today announced its entry into Thane residential market with the launch of its first premium residential project Northern Lights. The project is spread over 4.8 acres. The project site is strategically located at most preferred residential destinations in Thane. It is located adjacent to

India’s top 7 cities saw apartment sizes shrink by 17% in five years: Report

By Rohit Sharma MUMBAI: The top 7 Indian cities have collectively seen average apartment sizes shrink by nearly 17% between 2014 and 2018. However, this has not been a uniform phenomenon. Among the top cities, MMR topped the list with a 27% average decrease in apartment sizes – from 960 sq. ft

NBCC secures Rs 700 Cr orders from Raipur Smart City

By Accommodation Times Bureau NEW DELHI: National Buildings Construction Corporation Limited (NBCC) has bagged order of Rs 700 crore from Raipur Smart City on Monday, it said in BSE filing. “From Raipur Smart City Limited, secured new works for several infrastructure projects,” NBCC said in BSE filing. The company to redevelop Ganj Mandi, Shastri

Telecom,Tech,Media sectors account for 19% of Grade A office space in Mumbai: Research

By Accommodation Times Bureau GURUGRAM: Asian Central Business District CBD areas have historically been dominated by finance. However, technology, media and telecoms (TMT) groups and flexible workspace operators were key drivers of demand over 2017-2018. As per Colliers Research, the TMT groups now occupy about 18% of prime office space in Asian CBDs, and flexible

Capacit’e Infraprojects Ltd bags order worth Rs 483.81 Cr from BMC

By Accommodation Times Bureau MUMBAI: Capacit'e Infraprojects Limited today received a contract worth of Rs 483.81 crore for the proposed redevelopment of Harilal Bhagwati Municipal General Hospital at Borivali (W), Mumbai, from Municipal Corporation of Greater Mumbai, Health Infrastructure Cell. Rahul Katyal, Managing Director, Capacit'e Infraprojects Limited said, “We are delighted to add order

Co-living spaces startup adds on to pre Series A funding

By Rohit Sharma BENGALURU: StayAbode, a start-up that is building co-living spaces, has received an add on to pre Series A funding for an undisclosed amount from Voyage Group, Akatsuki and Incubate Fund. StayAbode currently has 1200 beds live across 19+ properties in Bengaluru with a further 1000 beds contracted to go

Kerala: Resource Exploitation Of Housing Will Be Soon Regulated

By Accommodation Times Bureau Revenue and Housing Minister E Chandrasekharan said that measures will be taken to restrict the resource exploitation in the housing sector in Kerala. Recently, he was speaking after inaugurating a one-day workshop organized on 'New Hour Literacy for New Kerala' in collaboration with the State Housing Department District

From ‘Influencer’ to ‘Actual buyer’: Women’s are the emerging New Age Home buyer

By Dr. Niranjan Hiranandani – National President – NAREDCO & CMD - Hiranandani Communities Empowering women in India moves along twin tracks - first, the accepted norms and second, the new age opportunities that women are creating in an evolutionary stage for India. Among the aspects that define empowerment, shelter, or housing