DLF to invest Rs 1,700 crore in office space, data centre
DLF to invest Rs 1,700 crore in office space, data centre
DLF is India’s biggest office space operator with about 38 million sq ft of completed offices. The company leadership believes that office demand will be robust in the coming months.
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DLF is India’s biggest office space operator with about 38 million sq ft of completed offices. The company leadership believes that office demand will be robust in the coming months.
DLF is India’s biggest office space operator with about 38 million sq ft of completed offices. The company leadership believes that office demand will be robust in the coming months.
The company’s newly acquired office spread over 55,400 sq ft space is in close proximity to its existing headquarters Polycab House in central Mumbai’s Mahim locality.
The company’s newly acquired office spread over 55,400 sq ft space is in close proximity to its existing headquarters Polycab House in central Mumbai’s Mahim locality.
Architect firm Morphogenesis plans to invest Rs 100 crore through its real estate arm to develop about 2 lakh square ft of Grade A office space in Delhi’s Okhla, Manit Rastogi, Founding Partner, Morphogenesis told ET.The company, through a joint development model, has developed 50,000 sq ft of office space and plan to take 4-5 similar projects in the micro markets. “This market has many such smaller plots that requires redevelopment. The floors or buildings can be used for company’s headqu...
Architect firm Morphogenesis plans to invest Rs 100 crore through its real estate arm to develop about 2 lakh square ft of Grade A office space in Delhi’s Okhla, Manit Rastogi, Founding Partner, Morphogenesis told ET.The company, through a joint development model, has developed 50,000 sq ft of office space and plan to take 4-5 similar projects in the micro markets. “This market has many such smaller plots that requires redevelopment. The floors or buildings can be used for company’s headqu...
BHIVE, the parent company, will be the sponsor of the fund and will invest in office properties with occupancy certificates ranging between 15,000 sq. ft. and 50,000 sq. ft. across Bangalore.
BHIVE, the parent company, will be the sponsor of the fund and will invest in office properties with occupancy certificates ranging between 15,000 sq. ft. and 50,000 sq. ft. across Bangalore.
“We are gearing up to launch a major integrated residential project of almost Rs 3,500-4000 crore around Diwali this year. We are in talks with global names in the architectural and designing space for creating landmark destinations,” Navdeep Sardana, founder and chairman of the Gurugram-based Whiteland Corporation said.
“We are gearing up to launch a major integrated residential project of almost Rs 3,500-4000 crore around Diwali this year. We are in talks with global names in the architectural and designing space for creating landmark destinations,” Navdeep Sardana, founder and chairman of the Gurugram-based Whiteland Corporation said.
NBCC (India) Ltd is expected to make Rs 1,500 crore from sale of upscale office space in central and south Delhi in 2022-23, a top official at the state-run construction company told ET.“Despite the pandemic, we have seen an encouraging response from the companies looking for office space in central Delhi,” said Alok Rastogi, senior executive director at NBCC. “While the majority of the sales happened to PSUs, we are planning aggressive campaigns to attract private investors.” These fund...
NBCC (India) Ltd is expected to make Rs 1,500 crore from sale of upscale office space in central and south Delhi in 2022-23, a top official at the state-run construction company told ET.“Despite the pandemic, we have seen an encouraging response from the companies looking for office space in central Delhi,” said Alok Rastogi, senior executive director at NBCC. “While the majority of the sales happened to PSUs, we are planning aggressive campaigns to attract private investors.” These fund...
Creberg is foraying into investment management and looking to raise its maiden fund Credberg Real estate office opportunities fund 1 (CREOOF-1). The company has already formed a new platform Credberg Investment Management to undertake its foray into the fund business.
Creberg is foraying into investment management and looking to raise its maiden fund Credberg Real estate office opportunities fund 1 (CREOOF-1). The company has already formed a new platform Credberg Investment Management to undertake its foray into the fund business.
NEW DELHI: IT company Happiest Minds Technologies has purchased a fully built-up ready-to-use commercial property spread over 2.4 lakh square feet in Bengaluru for Rs 101 crore, the company said on Friday.The facility with a seating capacity of 1,600 seats is in the technology hub of Electronics City.“Financially, the purchase is funded substantially through borrowings from banks at very favourable terms. The transaction is positive from a P&L perspective while adding a significant asset to ou...
NEW DELHI: IT company Happiest Minds Technologies has purchased a fully built-up ready-to-use commercial property spread over 2.4 lakh square feet in Bengaluru for Rs 101 crore, the company said on Friday.The facility with a seating capacity of 1,600 seats is in the technology hub of Electronics City.“Financially, the purchase is funded substantially through borrowings from banks at very favourable terms. The transaction is positive from a P&L perspective while adding a significant asset to ou...
NEW DELHI: The Executive Centre (TEC), a flexible workspace provider, has opened four new centers with a total investment of more than Rs 50 crore adding close to a total of 1 lakh sq ft of Grade A flexible office space to its existing portfolio in India.While the two new centres in Bengaluru, located in UB City and Safina Towers will be operational this quarter, the centre in DLF Downtown, Gurugram and Olympia Tech Park in Chennai will be operational in the last quarter of 2022.The expansion wi...
NEW DELHI: The Executive Centre (TEC), a flexible workspace provider, has opened four new centers with a total investment of more than Rs 50 crore adding close to a total of 1 lakh sq ft of Grade A flexible office space to its existing portfolio in India.While the two new centres in Bengaluru, located in UB City and Safina Towers will be operational this quarter, the centre in DLF Downtown, Gurugram and Olympia Tech Park in Chennai will be operational in the last quarter of 2022.The expansion wi...
NEW DELHI: Coworking firm Simpliwork Offices on Tuesday said it has taken on lease 1.5 lakh square feet of office space in Chennai from DLF and Mindspace Business Parks REIT to expand business.Bengaluru-based Simpliwork Offices, which provides managed office space to corporates, has taken on lease about 80,000 square feet from DLF and around 70,000 square feet from Mindspace. The demand for managed office space has increased during the COVID pandemic as corporates are looking for flexibility to ...
NEW DELHI: Coworking firm Simpliwork Offices on Tuesday said it has taken on lease 1.5 lakh square feet of office space in Chennai from DLF and Mindspace Business Parks REIT to expand business.Bengaluru-based Simpliwork Offices, which provides managed office space to corporates, has taken on lease about 80,000 square feet from DLF and around 70,000 square feet from Mindspace. The demand for managed office space has increased during the COVID pandemic as corporates are looking for flexibility to ...