Office real estate is defying the slowdown8 min read 25 Aug 2019, 09:18 PM IST
Driven by blockbuster deals and global interest, office realty is booming in an otherwise gloomy economic climate
The world of premium office space is more scrupulous than the business model of an average developer in Noida, compelling investors to chase investment-ready assets in the top cities
Bengaluru: A multinational bidding war for ownership of the iconic 10-storey ‘Citi Centre’ building in the heart of Mumbai’s prime business district, the Bandra Kurla Complex (BKC), played out for four months far away from public glare. K Raheja Corp. finally came on top in July, overtaking South Korean Mirae Asset Global Investment which put up a spirited fight till the end. What this deal signalled is that the who’s who of Indian and foreign real estate world is furiously chasing one of the most valued products on offer in the country at the moment — premium office space.