Blackstone Group is scaling up Nucleus Office Parks, an entity that houses commercial properties fully owned by the group, in a bid to own 24.5 mn sft of office parks by the year end, a senior official told ET. Half Blackstone Group’s portfolio is in Southern India. “Nucleus will expand its capability in terms of […]
Tag Archives: commercial properties
Lawyers redraw rent agreements with new ‘lockdown’ clause after ‘disputes’ over payment, Real Estate News, ET RealEstate
MUMBAI: Property owners have begun inserting a lockdown clause in new agreements with tenants following disputes over payment of rent for the lockdown period. Fresh agreements being drawn up by lawyers mention that in case of a lockdown there will be no waiver of rent or mention a mutually agreed percentage of the rent that […]