EFC, a Co-working Firm, Explores FPO and Other Avenues to Secure Funding for Expansion
Co-working firm EFC India is considering multiple avenues, including a Follow-on Public Offer (FPO), to secure funding for expanding its capacity to 60,000 seats by the close of this fiscal year. According to a company statement, EFC has recently entered…
Stamp duty rebate results in the registration of over one lakh homes in two years
Since the introduction of the stamp duty rebate a little over two years ago, more than a hundred thousand apartments have been registered in the Kolkata Metropolitan Area (KMA). Initially introduced in the state budget of July 2021 to offer…
Swaminarayan City presents enticing Ganesh Chaturthi offers for Dombivli residents.
With the ongoing festival season such as Ganesh Chaturthi, real estate players are offering lucrative offers favoring buyers’ interest. The Swaminarayan Group, dominating the Dombivli- Kalyan region has also launched their “Grand Ganesha Offer” where they offer upto Rs.1,00,000 at their upcoming Swaminarayan City township on 1,…
Godrej Fund Plans to Offload Three Floors in BKC Project
Godrej Fund Management, the real estate private equity arm of the Godrej Group, is nearing the sale of office space spanning three floors within the Godrej BKC commercial project situated in Mumbai’s Bandra-Kurla Complex. The prospective buyer is Max Life…
Omaxe Group purchases 5 acres of land from RLDA in Ludhiana for Rs 220 crore
Omaxe Group, a prominent real estate developer in the NCR region, has successfully acquired over 5 acres of prime land at Gumar Mandi Fountain Chowk in Ludhiana. This acquisition was secured through a competitive bidding process conducted by the Rail…
Investors from Singapore make significant investments in office properties
As US investors adopt a more cautious approach to the expansive 700 million square feet Indian property market, Singaporean investors and property developers are seizing the opportunity presented by reduced competition and attractive deals. Rough calculations, based on their public…
Fractional ownership market in real estate surges to ₹4,000 crore.
The market for fractional ownership in real estate is on the rise, with assets under management reaching ₹4,000 crore, according to a report by TruBoard Partners, a technology-driven real asset management firm. Many private companies have established platforms for fractional…
Real Estate Surges as Preferred Investment Choice among young buyers
In the ever-evolving investment landscape, real estate has become the preferred choice for investors while gold, once a haven, is losing its luster. The Anarock Consumer Sentiment survey revealed that in the first half of 2023, over 60per cent of…
Flexible office space stock to rise 52 per cent by 2025 to 81 mn sq ft on strong demand from corporates
Flexible office space stock is estimated to rise 52 per cent by 2025 to 81 million square feet with operators expanding their business to tap rising demand, according to Vestian. Flexible office space operators currently have 53.4 million square feet…
In India, leasing by BFSI players surge two-fold at about 7 million sq feet since 2020 – Colliers
Foundational shifts across the banking and finance sector are presently underway, with a transformative focus on digital, workforce and Environment, Social and Governance (ESG) priorities, according to Colliers. Having invested significantly in technology, people and workplaces, banking and finance companies…