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EFC leases about 1 lakh sq ft space in Gurugram

The company has also leased 69,000 sq ft space in Baner, Pune​​​​ and 33,000 sq ft space in Airoli, Navi Mumbai. NEW DELHI: Entrepreneur Facilitation Centre (EFC), a Pune-based co-working firm, has leased around 1,00,000 sq ft space along the Golf Course Extension Road in Gurugram, informed Umeash Sahhaaii, CEO of the company.The space has a seating capacity of 2,400 seats and the average rent here will …

Air India to raise around Rs 500 crore from its Connau...

State-run consultancy firm NBCC (India) Ltd has prepared a plan to monetise the debt-ridden national carrier’s vacant land at Baba Kharak Singh Marg near Connaught Place. NEW DELHI: Air India is set to raise around Rs 500 crore by developing 4.2 acres of vacant land near Delhi’s Connaught Place, the most expensive office location in the country, two people aware of the development said.State-run consultancy firm NBCC (India) Ltd has …

CG Power to sell its 80,000 sq ft office in Mumbai

The company is dealing with muted cash flows and huge debt at a time when an alleged fraud in the company has come to light MUMBAI: CG Power and Industrial Solutions will soon put on the block its corporate head office building, a landmark in Mumbai’s posh Worli area, as a part of its plan to monetise assets to help revive the cash-strapped company.The company is dealing with …

Prestige Group buys 29% stake in DB Realty’s com...

The joint venture entity will develop a mixed-use project with total 200 hotel rooms, while the rest will be office space. BENGALURU | MUMBAI: Realty developer Prestige Group has picked up 28.99% stake in commercial development of a DB Realty project. The commercial property in Mumbai’s Bandra locality has a development potential of over 7 lakh sq ft and is valued at about Rs 2,100 crore, said two persons familiar with …

Facebook leases over 1.5 million sq ft office space in...

Hudson Yards is a $25 billion complex of commercial and residential skyscrapers built on Manhattan’s far west side above the rail yards. Facebook Inc signed a lease for over 1.5 million square feet of office space across 30 floors and three buildings in New York City’s Hudson Yards, according to a statement by the luxury and commercial real estate development on Thursday.Hudson Yards is a $25 billion complex of commercial and residential …

No conversion charges for commercial plots in Delhi

Rajender Sharda, who heads the GK-I M-Block market traders’ association, said that those who have already paid conversion charges should get a refund or the amount should be adjusted in floor area ratio. NEW DELHI: In a major decision that would benefit large number of shops in local shopping centres (LSC) in areas such as Greater Kailash, Defence Colony, South Extension etc, the Delhi Development …

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CG Power to sell its 80,000 sq ft office in Mumbai

The company is dealing with muted cash flows and huge debt at a time when an alleged fraud in the company has come to light MUMBAI: CG Power and Industrial Solutions will soon put on the block its corporate head office building, a landmark in Mumbai’s posh Worli area, as a part of its plan to monetise assets to help revive the cash-strapped company.The company is dealing with …

Mumbai: Morgan Stanley leases about 8,00,000 sq ft spa...

The deal is for 15 years, including a 10-year fixed term and an option to avail an extension for the balance period, the people cited earlier told ET, requesting not to be named MUMBAI: Global investment bank Morgan Stanley is picking up nearly 800,000 sq ft of commercial space in Oberoi Realty’s Commerz project in Goregaon suburb of Mumbai, people aware of the development said, in what is being billed …

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