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1.Vigneshwara to invest Rs 200 cr in commercial projects

Vigneshwara Developers will invest about Rs 200 crore in the development of two commercial projects at Gurgaon and Manesar in Haryana.


2.Bengaluru absorbs 36% office space

Bengaluru leads the office space market in the country, accounting for almost 36 per cent of a total of 6 mn sq ft of office space absorption in India during the first three months of 2011.


3.Godrej to launch 15 projects in 2012-13

Godrej Properties plans to launch 15 projects in 2012-13. Anticipating the revival of demand from buyers, the company plans to focus on the residential segment rather than the commercial office space.


4.Decline in using of office space in NCR, Mumbai, Blore

According to a report, the market share of the total office space transacted in the country


5.Bangalore's commercial realty stock may rise

Industry watchers expect Bangalore's commercial real estate stock (Grade A occupied and vacant office space) to rise to 100 million square


6.Bhartiya to develop township for $2-bn in Bangalore

Bhartiya group decided to develop its integrated township project, Bhartiya City, in phases in Bangalore at a total cost of $2-billion


7.Imperial Servcorp to expand in India at $5 mn

To offer unbranded serviced office space and virtual office services, Imperial Servcorp plans to add three more centres in India by next year by investing about $ 5 million.


8.Office space absorption sluggish in Bangalore

According to a global property services research company DTZ India, Bangalore’s office space absorption has slackened. Across micro-markets, only the central business district (CBD) in and around MG Road in the Garden City saw a marginal increase in absorption. And of these, IT and engineering firms accounted for 50 per cent and 32 per cent of the absorption respectively, followed by minor contributions from companies in consulting, healthcare, telecom and banking financial services and insuranc


9.RMZ rents out its Blore space to Honeywell for Rs 58 cr pa

In Bangalore, global technology firm Honeywell Technology Solutions (HTS) is taking up a million sq ft of office space, making it the second-biggest office leasing deal in the country in the last two years. At 48 per sq ft, Honeywell Technology Solutions will pay an annual rental of close to Rs 58 crore for the office space in RMZ's special economic zone, RMZ Ecoworld, people familiar with the transaction said.


10.Demand for office space may go up

In the second half of 2013, demand for office space is expected to be strengthened by finance companies. Also, more new space is expected to be leased out in the next 12 months as rents are likely to increase thereafter.