Inspire Co-Spaces takes up 1.6 lakh sq ft space in Navi Mumbai, Real Estate News, ET RealEstate

Representative Image NEW DELHI: Flexi office space provider Inspire Co-Spaces has taken up 1.6 lakh sq ft space at Rupa Renaissance, a grade-A building in Navi Mumbai, a senior company executive said. The company already has four centers with the capacity of 1700 seats in Andheri, Goregaon, Belapur, and Thane. The 5th center located at […]

Tamil Nadu government revises unit cost for PMAY-Rural beneficiaries by Rs 50,000, Real Estate News, ET RealEstate

CHENNAI: With a price hike in construction materials, the Tamil Nadu government has revised the unit cost for houses constructed under the Pradhan Mantri Awas Yojana (PMAY) (rural) by Rs 50,000 per unit. This would cost an additional Rs 1805.4 crore to the state government’s exchequer benefiting about 2.5 lakh beneficiaries, stated an official statement […]

ECR residents served de-occupation notice for CRZ violation, Real Estate News, ET RealEstate

CHENNAI: The city corporation has started serving de-occupation notices to buildings between Neelankarai and Uthandi on East Coast Road that were constructed in violation of the Coastal Regulation Zone (CRZ) norms. Resident groups have alleged that this is a vindictive move by Greater Chennai Corporation as residents on the stretch were the ones who had […]

CapitaLand secures Rs 1,700 crore from DBS & HSBC India for business park developments, Real Estate News, ET RealEstate

BENGALURU: CapitaLand has secured its first three green loans in India, totalling Rs 1700 crore (S$323 million) from DBS Bank India Limited (DBS) and the Hongkong and Shanghai Banking Corporation Limited India (HSBC India). The three green loans mark CapitaLand’s first foray in sustainable finance in India. Proceeds from the green loans will be used […]

Mindtree vacates 50,000 sq ft in TRIL Infopark, Chennai, Real Estate News, ET RealEstate

BENGALURU: Mid-tier IT services provider Mindtree has vacated 50,000 square feet of office space in Chennai, two people aware of the development told ET. Many mid-size IT firms, including startups, have given up real estate spaces across major cities after the Covid-19 outbreak forced them to downsize and take a relook at real estate costs. […]

Awfis opens 65,000 sq ft flex-working centre in Chennai, Real Estate News, ET RealEstate

NEW DELHI: Awfis, a flex workspace provider, has opened 65,000 sq ft flex-working centre at Gemini Circle, Nungambakkam, Chennai. The new centre is spread across six floors with over 1,200 workstations and eight meeting rooms. This is its first centre in the city. The company hopes to grow to 5-6 centres in Chennai in the […]

Siemens Technology leases 7.27 lakh sq ft office space in Bengaluru, Real Estate News, ET RealEstate

BENGALURU | MUMBAI: In one of the largest real estate leasing transactions so far this year, Siemens Technology and Services has leased 727,000 sq ft in Electronic City, Bengaluru, three persons with direct knowledge of the development told ET. The subsidiary of German engineering conglomerate Siemens will pay a rent of Rs 80 per sq […]

DLF pre-leases 7.7 lakh sq ft space in Chennai to Standard Chartered GBS, Real Estate News, ET RealEstate

NEW DELHI: Realty major DLF‘s rental arm has given on lease 7.7 lakh sq ft office space to Standard Chartered GBS in an upcoming commercial tower in Chennai to be constructed at a cost of around Rs 450 crore, a senior company official said on Wednesday. DLF Cyber City Developers Ltd (DCCDL), which is a […]

Tamil Nadu’s deputy CM reviews TNHB projects in Chennai, Real Estate News, ET RealEstate

CHENNAI: Deputy chief minister O Panneerselvam, who holds the housing and urban development portfolio, on Tuesday reviewed projects executed by the Tamil Nadu Housing Board (TNHB) in Chennai. According to a press release, the TNHB is executing 40 self-finance housing projects comprising 26,903 (apartment) units, three residential cum commercial complexes, 38 plot development schemes, 22 […]

L&T Realty forays into Chennai commercial market, Real Estate News, ET RealEstate

BENGALURU: L&T Realty is betting on the southern commercial market, as the real estate unit of engineering conglomerate Larsen & Toubro plans to launch its maiden office project in Chennai. The 6.85 million sq ft project will be developed in four-five phases, two people aware of the matter said. “In the first phase, L&T Realty […]

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