Posts tagged with Mumbai

Asia Pacific Data Centre Trends H1 2020
Jun 2020 , by in EXPERT ZONE

End-user demand for Asia Pacific data centres remained robust in H1 2020, supported by the adoption of Big Data, Industry 4.0, Internet of Things, 5G and cloud computing. Henry Chin, Ph.D. Head of Research, APAC/EMEA   The surge in data storage and processing requirements resulting from i... Read more...

Office Space Demand to Shrink
May 2020 , by in Latest News, News/Views

With the lockdown looking at yet another extension, lease rentals between Rs 250 and Rs 300 a sq ft per month may come under pressure as per property experts. The rents could decline by at least 20% to 30% as companies cut costs and retrench employees. Corporates occupying large floor plates may ... Read more...

Mumbai Luxury Residential Prices Dip 5%
May 2020 , by in News/Views

Luxury residential market of Mumbai is likely to see a price decline of 5% in the year 2020 owing to the impact of Covid-19 on luxury residential property markets around the world. For the year 2021, Mumbai’s prime residential prices are expected to witness an additional decline of 3%, showed data... Read more...

Retailers Offered Rebates on Rents
May 2020 , by in News/Views

There’s been a role reversal during the coronavirus era, with malls now offering their tenants buy-now-pay-later deals. Brigade Malls in Bengaluru is extending a 50% rebate on rent to its tenants from mid-March until its two malls reopen. Phoenix High Street Mall in Mumbai is giving retailers the ... Read more...

CKP Bank 97% NPAs; Most in Real Estate
May 2020 , by in ALLIED

CKP Co-operative Bank, which bit the dust on May 2, has nearly 97 percent of Gross Non-Performing Assets (GNPAs), a lot of which are loans given to small and mid-sized real estate developers. Over the years, CKP Bank had built its business by lending to mostly small and mid-sized real estate develop... Read more...

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