Bengaluru, as per a CBRE report, topped the list of 20 APAC cities with the highest flexible office stock at 15.5 million sq ft in APAC region, including Shanghai, Seoul and Tokyo. Delhi NCR ranks second in the city list with a total stock of 10.7 mn sq ft of flexible office space. Recent growth in APAC flexible office space market has been primarily driven by Indian cities, where the expansion is supported by the demand for managed solutions offered by domestic flexible space operators. The report highlights that Delhi NCR witnessed the highest increase of 26 percent in the flexible office stock since CY 2023. Other Indian cities also did exceedingly well with Hyderabad and Mumbai making it to the top 10 cities with 6.8 and 6.1 million sq ft of flexible office stock respectively. The Asia Pacific flex space market continues to display stable growth with the total stock of flexible office space in the APAC region reaching 89 million sq ft - an increase of 3.9 percent from CY 2023.
NoBroker enters fastest growing luxury residential real estate sale segment
NoBroker, India鈥檚 first proptech unicorn, entered into the fastest growing luxury real estate segment. They cater to HNIs through this vertical and have an end-to-end approach for the seamless transaction and comfort of the customers. NoBroker has completed many buy transactions in this segment and recently did one of its largest transactions worth Rs.410 million since entering the luxury vertical. It facilitated the acquisition of a splendid duplex in the prestigious Bandra West locality for VP Nandakumar, the Managing Director and CEO of Manappuram Finance. The 4,500 sq ft sprawling residence at Avisa, developed by
S Raheja Developers, is an exclusive abode for the chosen few.
Contact: NoBroker
Website:
With nearly 75 per cent share in H1 2024, occupier interest growing in Green offices
With an unwavering focus on sustainable built spaces, occupiers鈥� preference to lease in green certified buildings has gained momentum in key office markets across India. During Q2 2024, about 13 million sq ft of office space in the top six cities has been leased in green-certified buildings. This represents a 24 percent YoY increase and accounts for an impressive 82 percent share in overall leasing - an indication of rising awareness amongst corporate occupiers with respect to the role that built structures have to play in containing climate change through carbon footprint reduction. Interestingly, of 13 mn sq ft, about 60 percent were in relatively newer developments, which have come up in the last five years.
Ghaziabad's market surge: SquareYards.com
Ghaziabad, a vital part of the Delhi NCR, is making significant strides in the residential real estate market. Known for its relatively affordable properties compared to areas like Gurgaon and Noida, the city is experiencing increased activity driven by major infrastructural developments. According to SquareYards.com, Ghaziabad witnessed nearly 11,000 property transactions in the first quarter of 2024. The majority of these transactions occurred in the less than Rs.5 million price range, comprising over three-quarters of the total transaction volume. Key localities along NH-9 such as Indirapuram, Shahpur Bamheta, Pratap Vihar, Vaishali and Raj Nagar Extension along Meerut Road, saw the bulk of these transactions.
Sheth Realty ad campaign for its 鈥楥odename Younique鈥� projectSheth Realty has launched an ad campaign for project 鈥楥odename Younique鈥�, a premium residential development located in proximity to the Sion-BKC connector. With catchy taglines 鈥楬op. Skip. Jump. BKC鈥�, 鈥楪et. Set. Go. BKC鈥�, the campaign creatively underscores the significance of Codename Younique鈥檚 proximity to the Bandra Kurla Complex (BKC). Sheth Realty鈥檚 campaign for Codename Younique aims to transform the daily grind of commuting into a lifestyle choice.
Contact: Sheth Realty
Tel: 02245812306
Email: [email protected]Website:
Delhi-NCR leads in Q2 real estate investment surge
India鈥檚 real estate market experienced a remarkable surge in investments during Q2 2024, attracting a significant USD 2.77 billion, according to Cushman & Wakefield鈥檚 latest report. In terms of cities, Delhi-NCR emerged as the top destination for private equity investments in Q2, attracting USD 532 million and capturing 19 percent of the total share of investments, marking a significant 74 percent year-on-year increase. According to the report, the second quarter鈥檚 performance marks a 1.5x increase in comparison to the previous quarter and a substantial 39 percent growth year-on-year.
TARC gets Arabian Construction Company as principal contractorTARC, one of New Delhi鈥檚 leading real estate developers, has appointed the Arabian Construction Company, headquartered out of Abu Dhabi, UAE, as the principal contractor for its luxury residential developments, TARC Kailasa, located in Central West Delhi and its upcoming development TARC 63A located in Gurugram. Arabian Construction Company is known to deliver archetypal skyscrapers across UAE and India. TARC Kailasa is spread across five 40-storey towers. TARC 63A Gurugram is an upcoming project, estimated to have over 1.80 million square feet of luxury residential development spread across five ~45-storey towers.
Contact: TARC
Website:
Mahindra Lifespaces launches three new towers at Mahindra Happinest Kalyan-2
Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group announced the launch of Phase -2 of its highly successful Mahindra Happinest Kalyan - 2 project. This launch will introduce three additional towers - Tower B, G, and H - further expanding the 鈥楬ealth Sampanna 亚博体育官网首页s鈥� concept that has redefined value housing in the region. The three towers will add 493 units of 1, 2 and 3 BHK residences and 10 limited 3 BHK townhouses, offering a total of 0.2347 million sq ft of development area.
Contact: Mahindra Lifespaces
Website:
Godrej Interio delivers office space for income tax appellate tribunal (ITAT) in Delhi
Interio, a leading home and office furniture business of Godrej & Boyce, part of the Godrej Enterprises Group, has executed the office space for the Income Tax Appellate Tribunal (ITAT) in the WTC Tower at Nauroji Nagar, New Delhi. The project spans across an impressive 42,000 sq ft and showcases the company鈥檚 expertise in delivering cutting-edge interior solutions. It undertook the entire civil and interior works, electrical systems, HVAC, IT infrastructure, audio-visual equipment, plumbing and furniture. A key challenge in this project was creating courtrooms that blend traditional aesthetics with superior acoustics. These courtrooms incorporate modern technology for hearings, utilising innovative audio solutions that ensure clear sound from any location in the court while maintaining precise dB levels to prevent echo and overlapping.
Contact: Godrej Interio
Website:
Rustomjee unveils 'Ocean Vista' in Versova, sets new standards in luxury beachfront homes
Rustomjee Group announced the launch of yet another project from its luxury selection portfolio, 鈥極cean Vista,鈥� located in the exquisite location of Versova.
This premium development is designed to establish new benchmarks in luxury seaside living, providing residents the unique option to experience a distinctive lifestyle equipped with exceptional amenities. With the project鈥檚 launch, Rustomjee Group anticipates a gross development value (GDV) of around `6 billion. Ocean Vista boasts a unique feature: Unobstructed sea views from every floor, a signature offering exclusively from Rustomjee.
Contact: Rustomjee group
Website:
Bengaluru, as per a CBRE report, topped the list of 20 APAC cities with the highest flexible office stock at 15.5 million sq ft in APAC region, including Shanghai, Seoul and Tokyo. Delhi NCR ranks second in the city list with a total stock of 10.7 mn sq ft of flexible office space. Recent growth in APAC flexible office space market has been primarily driven by Indian cities, where the expansion is supported by the demand for managed solutions offered by domestic flexible space operators. The report highlights that Delhi NCR witnessed the highest increase of 26 percent in the flexible office stock since CY 2023. Other Indian cities also did exceedingly well with Hyderabad and Mumbai making it to the top 10 cities with 6.8 and 6.1 million sq ft of flexible office stock respectively. The Asia Pacific flex space market continues to display stable growth with the total stock of flexible office space in the APAC region reaching 89 million sq ft - an increase of 3.9 percent from CY 2023.NoBroker enters fastest growing luxury residential real estate sale segment NoBroker, India鈥檚 first proptech unicorn, entered into the fastest growing luxury real estate segment. They cater to HNIs through this vertical and have an end-to-end approach for the seamless transaction and comfort of the customers. NoBroker has completed many buy transactions in this segment and recently did one of its largest transactions worth Rs.410 million since entering the luxury vertical. It facilitated the acquisition of a splendid duplex in the prestigious Bandra West locality for VP Nandakumar, the Managing Director and CEO of Manappuram Finance. The 4,500 sq ft sprawling residence at Avisa, developed byS Raheja Developers, is an exclusive abode for the chosen few. Contact: NoBrokerWebsite: www.nobroker.inWith nearly 75 per cent share in H1 2024, occupier interest growing in Green officesWith an unwavering focus on sustainable built spaces, occupiers鈥� preference to lease in green certified buildings has gained momentum in key office markets across India. During Q2 2024, about 13 million sq ft of office space in the top six cities has been leased in green-certified buildings. This represents a 24 percent YoY increase and accounts for an impressive 82 percent share in overall leasing - an indication of rising awareness amongst corporate occupiers with respect to the role that built structures have to play in containing climate change through carbon footprint reduction. Interestingly, of 13 mn sq ft, about 60 percent were in relatively newer developments, which have come up in the last five years.Ghaziabad's market surge: SquareYards.comGhaziabad, a vital part of the Delhi NCR, is making significant strides in the residential real estate market. Known for its relatively affordable properties compared to areas like Gurgaon and Noida, the city is experiencing increased activity driven by major infrastructural developments. According to SquareYards.com, Ghaziabad witnessed nearly 11,000 property transactions in the first quarter of 2024. The majority of these transactions occurred in the less than Rs.5 million price range, comprising over three-quarters of the total transaction volume. Key localities along NH-9 such as Indirapuram, Shahpur Bamheta, Pratap Vihar, Vaishali and Raj Nagar Extension along Meerut Road, saw the bulk of these transactions.Sheth Realty ad campaign for its 鈥楥odename Younique鈥� projectSheth Realty has launched an ad campaign for project 鈥楥odename Younique鈥�, a premium residential development located in proximity to the Sion-BKC connector. With catchy taglines 鈥楬op. Skip. Jump. BKC鈥�, 鈥楪et. Set. Go. BKC鈥�, the campaign creatively underscores the significance of Codename Younique鈥檚 proximity to the Bandra Kurla Complex (BKC). Sheth Realty鈥檚 campaign for Codename Younique aims to transform the daily grind of commuting into a lifestyle choice.Contact: Sheth RealtyTel: 02245812306Email: [email protected]: www.sheth-realty.comDelhi-NCR leads in Q2 real estate investment surgeIndia鈥檚 real estate market experienced a remarkable surge in investments during Q2 2024, attracting a significant USD 2.77 billion, according to Cushman & Wakefield鈥檚 latest report. In terms of cities, Delhi-NCR emerged as the top destination for private equity investments in Q2, attracting USD 532 million and capturing 19 percent of the total share of investments, marking a significant 74 percent year-on-year increase. According to the report, the second quarter鈥檚 performance marks a 1.5x increase in comparison to the previous quarter and a substantial 39 percent growth year-on-year.TARC gets Arabian Construction Company as principal contractorTARC, one of New Delhi鈥檚 leading real estate developers, has appointed the Arabian Construction Company, headquartered out of Abu Dhabi, UAE, as the principal contractor for its luxury residential developments, TARC Kailasa, located in Central West Delhi and its upcoming development TARC 63A located in Gurugram. Arabian Construction Company is known to deliver archetypal skyscrapers across UAE and India. TARC Kailasa is spread across five 40-storey towers. TARC 63A Gurugram is an upcoming project, estimated to have over 1.80 million square feet of luxury residential development spread across five ~45-storey towers.Contact: TARCWebsite: www.tarc.inMahindra Lifespaces launches three new towers at Mahindra Happinest Kalyan-2Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group announced the launch of Phase -2 of its highly successful Mahindra Happinest Kalyan - 2 project. This launch will introduce three additional towers - Tower B, G, and H - further expanding the 鈥楬ealth Sampanna 亚博体育官网首页s鈥� concept that has redefined value housing in the region. The three towers will add 493 units of 1, 2 and 3 BHK residences and 10 limited 3 BHK townhouses, offering a total of 0.2347 million sq ft of development area. Contact: Mahindra LifespacesWebsite: www.mahindralifespaces.comGodrej Interio delivers office space for income tax appellate tribunal (ITAT) in DelhiInterio, a leading home and office furniture business of Godrej & Boyce, part of the Godrej Enterprises Group, has executed the office space for the Income Tax Appellate Tribunal (ITAT) in the WTC Tower at Nauroji Nagar, New Delhi. The project spans across an impressive 42,000 sq ft and showcases the company鈥檚 expertise in delivering cutting-edge interior solutions. It undertook the entire civil and interior works, electrical systems, HVAC, IT infrastructure, audio-visual equipment, plumbing and furniture. A key challenge in this project was creating courtrooms that blend traditional aesthetics with superior acoustics. These courtrooms incorporate modern technology for hearings, utilising innovative audio solutions that ensure clear sound from any location in the court while maintaining precise dB levels to prevent echo and overlapping.Contact: Godrej InterioWebsite: www.godrejinterio.comRustomjee unveils 'Ocean Vista' in Versova, sets new standards in luxury beachfront homesRustomjee Group announced the launch of yet another project from its luxury selection portfolio, 鈥極cean Vista,鈥� located in the exquisite location of Versova.This premium development is designed to establish new benchmarks in luxury seaside living, providing residents the unique option to experience a distinctive lifestyle equipped with exceptional amenities. With the project鈥檚 launch, Rustomjee Group anticipates a gross development value (GDV) of around `6 billion. Ocean Vista boasts a unique feature: Unobstructed sea views from every floor, a signature offering exclusively from Rustomjee. Contact: Rustomjee groupWebsite: www.rustomjee.com
