Constructions & Real Estate

Office Rentals In Mumbai Double

constructions — Thu, 04 Mar 2010 16:23:41 +0000

Tokyo continued to command the highest office rents in the world during 2009. Although Mumbai does not figure in the top ten global office rentals, its rentals are sometimes twice those of Manhattan. For instance if space opposite the Grand Central Station in Manhattan is in the vicinity of $3 to $4 (Rs 138 to Rs 184) a square foot a month, some of the commercial space in the Bandra-Kurla Complex command as much as $7 (Rs 322) a square foot every month, according to Knight Frank.Despite the global meltdown, office rentals all over the world are expected to hold firm or increase in 2010, according to global property consultancy firm Knight Frank’s annual projection for the year.

Filed under: real estate Tagged: Office Rentals

Real Estate Buyers

constructions — Thu, 04 Mar 2010 14:58:51 +0000

The local Board of Realtors in conjunction with the National Realtors Association, own, run and control all aspects of the MLS…it belongs to them and they have a contract that you have to sign before you are accepted for membership.

Filed under: real estate Tagged: home for sale, house for sale

City Real estate prices look up, again

constructions — Thu, 25 Feb 2010 16:08:49 +0000

Property prices in Kolkata are once again on the rise, as demand picks up after a period of stagnancy. A recent report by Cusham and Wakefield on Kolkata residential market points out that there has been a marginal appreciation in capital values across all micro markets in both high end and mid segments during the last quarter. This was primarily attributed to the increasing confidence in the wake of renewed demand in the market. However, the prevailing values across all locations were lower than the previous year by about 2-7 per cent. Developers also said property prices in Kolkata appreciated in the last one month. Recently, property prices have started going up. In some place they have gone up by 5-10 per cent. The Cusham and Wakefield report further says that the residential market is likely to witness further strengthening of capital values, especially in the high end segment while the mid segment is likely to remain stable.

Filed under: Construction, real estate Tagged: real estate high price

South Mumbai: The Original CBD Returns

constructions — Thu, 25 Feb 2010 16:06:23 +0000

Nariman Point. Churchgate. Fort. Cuffe Parade… South Mumbai CBD has always been the city’s quintessential, iconic commercial hub. One can attribute this to the nature of the city, which was dependent on its port for its economy. Over time, South Mumbai CBD became Mumbai’s primary commercial real estate nexus – and it still represents a fair share of Mumbai’s economy. A large number of companies operating in India have their head office in South Mumbai CBD. In fact, the area could have burgeoned further if it had not been flanked by water on all three sides. With the primary reason of having no scope of expansion, most corporates were eventually prevailed upon to launch distributed offices in various other parts of the city. Additionally, new/alternate commercial hubs in Mumbai started offering state-of-the-art developments with modern amenities. These developments had single owners – in other words, non-strata titles – and contigu ous expansion space, all of which were until then unavailable to corporates in South Mumbai CBD. The fact of the matter is that South Mumbai CB, is still THE CBD for BFSI and PE companies who are looking for the above-mentioned factors in their office spaces.

Filed under: Construction, real estate Tagged: mumbai real estate, real estate