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 point out that it has a lot to do to catch up with Gurgaon in terms of large clients
The Counselors of Real Estate has identified the current and emerging issues expected to have the most significant impact on real estate for the foreseeable future, with the COVID-19 pandemic being the leading concern of the 1,000-member organization
: The real estate industry in India has been fighting debilitating battles on multiple fronts for several years now. The sales are nowhere near the heydays of 2011-13 and the reforms that the Government has implemented since 2014 have made it impossible to carry out business the way it was done earlier. The biggest blow to the industry was the NBFC crisis in 2018
The Maharashtra cabinet on Wednesday approved a proposal offering 50 per cent waiver in premium to developers on real estate projects till December 31, 2021
Under the revised terms, Simon will pay $2.65 billion for the 80% stake in the Taubman Realty Group (TRG), cutting its offer price to $43 per share in cash from $52.50 originally announced in February.
It made this statement before a bench of Justice Shahrukh Kathawalla and Justice Riyaz Chagla at the hearing of an application for interim reliefs filed by four shop owners who referred to the October 22 fire that broke out in a mobile accessories shop on the second floor and spread to other floors.
Rental for commercial spaces in Indore varies from Rs 150-Rs 250 per sq ft depending upon the area, said six real estate consultants mostly handling commercial properties.
The deal involves the acquisition of certain real estate projects housed in RMZ Infotech, RMZ Galleria (India), RMZ North Star Projects, RMZ Ecoworld Infrastructure and RMZ Azure Projects.
Last week, 195 retailers and restaurants including Future Group, Aditya Birla Fashion, Arvind Brands, Domino’s Pizza, Adidas, and Levi’s wrote a common letter to mall owners for a “collaborative dialogue” between shopping centres and tenants.
The company, whose handbags have won it a place among the big names of the fashion world, is just one of a raft of major U.S. retailers seeking to lower rent bills to make sure they have enough cash to weather the COVID-19 pandemic.
The Shopping Centres Association of India (SCAI) has said that over the last two months, the organised retail industry has suffered losses of over Rs 90,000 crore and large-scale unemployment is a real possibility in the absence of financial relief and government support.
But these once-dominant shopping behemoths are in survival mode following lengthy pandemic shutdowns that have precipitated retail bankruptcies and stores unable to pay rent.
"Axiomatically the suit is dismissed. The plaintiff (INOX) having indulged in judicial adventurism, is also burdened with costs of Rs 5,00,000, payable to the defendant (PVR) within 90 days hereof," the judge said.
Mall operators are set for a rough few months as lockdown measures to contain the spread of the coronavirus pushed many retail tenants to the brink of collapse.
The company, whose handbags have won it a place among the big names of the fashion world, is just one of a raft of major U.S. retailers seeking to lower rent bills to make sure they have enough cash to weather the COVID-19 pandemic.
It is the second major retail deal signed just before the pandemic began to spread in the U.S. that has crumbled. Last month, a deal to sell Victoria's Secret to a private equity group fell apart.
MMC chairperson Ryan Braganza said the proposal to waive off the rent from March to August will be forwarded to the directorate of municipal administration for approval.
Reliance Retail and Reliance Brands Ltd have jointly served termination notices, ending leases of dozens of outlets in nine of the Blackstone-owned Nexus Malls, according to three people familiar with the development.
Rental expenses form a sizeable share of the 12-16% of the revenues for retailers, therefore, in line with expectations, the tenants have been negotiating with the mall operators for a waiver or rebate on the rentals.
We foresee the sector reviving by August 2020, with business significantly picking up during the festival season, namely the Dussera / Diwali period. People have been confined to their homes for a long time now, Suresh Singaravelu said.