An accumulation of vacant stock, weak global economic cues, coupled with delays in expansion plans of occupiers and transaction closures led to more than 40% decline in overall supply of new prime office space in leading India cities in 2011.
Published News » Business
40% decline in supply of office space in India
Posted by Sri (#3) 126 days ago (http://timesofindia.indiatimes.com)Unauthorised tenants: HC asks BPCL, state, MHADA to settle grievance
Posted by Sri (#3) 126 days ago (http://www.indianexpress.com)
The Bombay High Court on Wednesday asked the state government, the Maharashtra Housing and Area Development Authority (MHADA) and the Bharat Petroleum Corporation Limited (BPCL) to amicably settle BPCL’s grievance regarding the alleged unauthorised occupation of the tenements constructed for its employees.
BMC contractors yet to get road work order
Posted by Sri (#3) 139 days ago (http://timesofindia.indiatimes.com)
A week after the civic standing committee approved the proposal for 700 minor roads, the work has not yet begun with the order yet to be sent out to contractors. The delay has been caused as contractors delayed in depositing their performance guarantee with the BMC.
At Rs 4,357 cr, octroi collection sets BMC cash registers ringing
Posted by Sri (#3) 139 days ago (http://www.indianexpress.com)
Even as the global economy has been showing a downfall, the octroi revenue collection of the Brihanmumbai Municipal Corporation (BMC) is at an all-time high.
HC rejects PIL against protest
Posted by Sri (#3) 140 days ago (http://www.indianexpress.com)
The Bombay High Court on Wednesday dismissed a public interest litigation (PIL), which demanded that Anna Hazare’s fast against the government’s Lokpal Bill should be declared “illegal and unconstitutional”.
Forex losses eat away cut nifty cos' profit by 8%
Posted by Sri (#3) 141 days ago (http://timesofindia.indiatimes.com)
The sharp depreciation of the rupee against the US dollar has resulted in foreign exchange losses worth Rs 4,800 crore for companies in the nifty index during the second quarter of 2011-12.
Varun sells 51% in Madagascar oil block
Posted by Sri (#3) 141 days ago (http://timesofindia.indiatimes.com)
Varun Industries, a mid-sized Mumbai-based firm with market cap of Rs 680 crore has sold 51% stake in Madagascar oil block to Chinese firm Da Qing Group for $150 million (Rs 796cr)
Worli’s Dunlop House up for sale for Rs 400cr
Posted by Sri (#3) 154 days ago (http://timesofindia.indiatimes.com)
Kolkata-based tyre manufacturing company Dunlop India Ltd has put its oneacre Dunlop House property at Worli for sale.