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Export ban: Onions lying on ports to be exported

India has allowed the export of onions lying on ports in transit to all countries including Bangladesh, government sources said on Fri ...
The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતી
| 19 September, 2020, 07:59 AM IST | E-Paper
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    SEARCHED FOR:PROPERTY LEASING

    Noida to cancel lease of 5,600 vacant plots

    A special audit-cum-verification drive will be initiated before deciding the fate of the plots – which were taken up in the previous schemes but went vacant. The owners of such properties have to be traced before August 31.

    ANAROCK Retail partners Vindico for post-Covid19 store designs, leasing

    “The ANAROCK-Vindico partnership will deliver scientific, success-ori...

    Back to normal business: Apple in talks for 3.5-lakh sq ft Bengaluru office for retail centre

    Apple is negotiating with builders for a 350,00...

    • The demand continues to be driven by BFSI and IT across all the cities, with Mumbai experiencing a substantial 36% from consulting firms. Except Mumbai, all other markets in the COVID and lockdown phase remained dependent on three core sectors - BFSI (Banking Financial Services and Insurance), Technology and Manufacturing.

      The company has leased the space to Boston-headquartered State Street Corporation, US conglomerate Hasbro, American-Canadian digital media and broadcasting company Vice Media, and Temasek Holdings’ portfolio company STTelemedia. These four global entities will be new tenants in the 10-acre complex near Bandra-Kurla Complex (BKC).

      Commercial real estate projects in their initial stages of planning or construction may get deferred owing to slow down in construction funding and shortage of workers, further impacting the pace of upcoming supply, said CRISIL Research.

      The company is planning to consolidate operations of its 7 group entities and will start operating from the new office by the end of 2020 when the project is ready. Over 1,000 employees from its offices in Powai, Lower Parel, Bandra-Kurla Complex (BKC) and South Mumbai are likely to be shifted to the new office.

      The new facility can seat over 4,000-5,000 employees and will come up in Prestige Startech in Koramangala, Bangalore.

      They have closely monitored data points in the pandemic and analysed management commentary on how companies have managed the Covid-19 crisis.

      The bank has presence in five locations across the country and caters to the banking needs of Japanese and global corporates that are establishing or growing their businesses in India, the website said.

      While revenue-sharing options existed earlier, most landlords preferred fixed-lease commitments and minimum assured guarantees. However, given the uncertain economic scenario, the revenue-sharing model has emerged as the most favoured contractual agreement between property owners and operators.

      “Given the government guidelines on data storage, the demand for data centres will increase in the coming years. We are well positioned to benefit from this emerging opportunity,” said Sriram Khattar, MD-rental business at DLF, which is the biggest office space operator in the region having 19 million sq ft.

      The Covid-19 pandemic has resulted in Oyo undertaking a significant number of employee layoffs and furloughs, enforcing pay cuts and shuttering properties across markets, as it looks to restructure operations across the globe.

      In a case involving about 42 single rooms having been sublet by a tenant to students for periods ranging between three months to 11 months, AAR noted that the property given out for sub-renting matched that of a hotel – rooms with attached bathrooms – “which can by no imagination be termed as residential dwelling”, or a house.

      “Amazon has some immediate requirements and has locked in property across multiple locations. These properties are expected to be up and running in 2021,” said one person aware of the deal. This is the third such transaction by Amazon since the lockdown.

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