Tag: commercial

The Engineering and Manufacturing sector is becoming a major force in the Indian office leasing market. The sector's growth is being driven by government policies and the increasing demand for chip manufacturing and electronic equipment. The sector's expansion is also creating new opportunities for real estate development in the peripheral locations of major cities.

The Mumbai Metropolitan Region Development Authority (MMRDA) has extended the bidding date for the lease of two land parcels in India's costliest commercial district, the Bandra Kurla Complex (BKC). The extension is due to clarifications awaited from the government in relation to FDI norms and GST taxation. The MMRDA has seen good response in the pre-bid meeting and is confident of receiving good bids for the two land parcels.