Consultation India - Pune, Mumbai Real Estate/ Properties Investment, Property Management Services

The expansion comes at a time when companies see merit in setting up satellite offices across multiple locations to help people work nearer home and to enable a distributed workspace model, it said. BENGALURU: Coworking space provider 315Work Avenue has taken a total of around one lakh sq ft of office space on lease here to set up two new centres as it sees strong traction from large enterprises post the lockdown. These 2 Grade-A office space centres located at Koramangalaand Old Madras road will have around 2000 seats, it said in a statement. The expansion comes at a time when companies see merit in setting up satellite offices across multiple locations to help people work nearer home and to enable a distributed workspace model, it said. The company currently manages 15 workspaces with around 12,000 seats across multiple prime locations here. 315Work Avenue plans to beef up its total portfolio to 25,000 seats this year with a focus on south and west India, while further strengthening

Ingka Centres, which has 45 IKEA store-anchored malls across Europe, Russia and China and plans to enter the United States in 2021, said it planned to invest nearly 55 billion rupees ($759 million) in the Noida project. STOCKHOLM: IKEA plans to open its first shopping centre in India after the furniture giant's shopping centres business - one of the world's largest - said it had bought a 48,000-square-metre plot in the city of Noida on the outskirts of Delhi. IKEA, which opened its first store in India in 2018 in Hyderabad followed by one in Mumbai in 2020, said it would develop the new site into a mall anchored by an IKEA store. Ingka Centres, which has 45 IKEA store-anchored malls across Europe, Russia and China and plans to enter the United States in 2021, said it planned to invest nearly 55 billion rupees ($759 million) in the Noida project. It will announce more detailed plans for the project in the near future, it said in an emailed statement. Ingka Centres plans to enter

One look at India’s investment universe and a number of names pop up from mutual funds to fixed deposits and gold coins to the share market, there are a plethora of avenues to park your money. However, one name that has recently caught the fancy of many is REIT. In this article, we take a detailed look at this relatively new investment phenomenon and why it stands out and is, by all means, a much safer investment platform for Indian investors. What is REIT? Most of us dream of buying properties across prime locales in India like BKC in Mumbai to earn great rental yields. However in reality, neither do we have crores of rupees to invest in them nor do we have the time, patience, and means to take on the hassle of maintaining it and ensuring regular rents from the tenants. Enter REIT or Real Estate Investment Trust, which is basically an entity created with the sole purpose of channeling investible funds into operating, owning, or financing income-producing real estate.  REITs are modele

Tribeca is planning to launch this new project in Pune in March 2021 and is already seeing a strong interest from customers and brokers. Trump Organizations’ India partner Tribeca has picked up a majority stake in a stressed residential development project in Pune’s NIBM locality through an agreement with its lenders and the developer. This is the second such project acquired by the company in the last one year after inking a similar transaction in Bengaluru. Tribeca has acquired 51% stake in the 1.3-million sq ft luxury project with total 400 apartments spread across five towers after making partial payments to lenders ICICI Bank and Tata Capital, and infusing equity to the developer Acropolis’ project. As part of the agreement, lenders will be infusing more capital to support completion of the project. The project, Voyage to the Stars, was launched by Acropolis Developers in 2015, and ran into financial difficulties in 2019. The Rs 1,100-crore project had a debt of around Rs 180 cro