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Showing posts from January, 2020

How Pune became a global startup hub riding on these companies

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Source: your story The growth of Pune's startup ecosystem has been led by its wide tech talent pool, Maharashtra’s innovation-friendly policies, and other factors. The Centre for American Entrepreneurship recently identified it as an ‘emerging global startup hub’. Pune , a satellite city about 75 miles from India’s financial capital Mumbai, has picked up a few monikers over the years – ‘Oxford of the East’, ‘ Maharashtra’s cultural capital’, ‘India’s upcoming metro’, and more.  Sometime in 2013, when India was on the brink of a startup revolution, a UK-based journalist travelling to the city found it “fresh and almost Californian in its energy”. “ Pune is to Bangalore what Austin, Texas, is to Silicon Valley, California — a hotbed of innovation with a more affordable standard of living, ” he wrote. And, the city has lived up to the hyperbole.  In a 2018 report titled  Rise of the Global Startup City , the Center for American Entrepreneurship described  Pune as an emerging startup

Office real estate booming & defying the slowdown

A multinational bidding war for ownership of the iconic 10-storey ‘Citi Centre’ building in the heart of Mumbai’s prime business district, the Bandra Kurla Complex (BKC), played out for four months far away from public glare. K Raheja Corp. finally came on top in July, overtaking South Korean Mirae Asset Global Investment which put up a spirited fight till the end. What this deal signalled is that the who’s who of Indian and foreign real estate world is furiously chasing one of the most valued products on offer in the country at the moment — premium office space. At a time when thousands of residential homes find no takers, the race for a select few office buildings may seem curious. In many ways, it has all fallen into place this year for commercial real estate, from blockbuster transactions, a historic high in office space leasing, and most significantly, the launch of the country’s first real estate investment trust (REIT) in March. The fact that it has unfolded in the midst of an