02ND OCTOBER 2019 NEWS

REALTY NEWS

Prestige Group inks JV with DB Realty to develop hospitality-led project in Delhi

Publication: ET REALTY Date : 02 OCTOBER 2019

BENGALURU | MUMBAI: Realty developers Prestige Group and DB Realty have entered into a joint venture to develop a hospitality-led mixed use project spread over 7.7 acre land parcel in Delhi’s Aerocity. Prestige Group is planning to build India’s largest hotel and convention centre on the said land parcel.

WeWork India focused on expansion with accelerated path to profitability: Embassy Group

Publication: ET REALTY Date : 02 OCTOBER 2019

NEW DELHI: Realty firm Embassy Group, which owns WeWork India, on Tuesday said there will be no impact on the Indian operation of co-working business due to deferment of initial public offering of US-based WeWork.

03RD OCTOBER 2019 NEWS

REALTY NEWS

Three things to watch out for in RBI's Friday policy meet

Publication: MINT Date : 03 OCTOBER 2019

A Bloomberg poll of 25 economists showed that a 25-basis-points cut to 5.15% in the repo rate is widely expected Besides transmission of rates, MPC’s commentary on growth will also be important in the current day scenario

‘Commercial Realty Absorption Jumps 40% in Jan-Sept’

Publication: ECONOMIC TIMES Date : 03 OCTOBER 2019

Mumbai: The first nine months of 2019 have seen commercial real estate pan-India net absorption jump 40% to over 33 million sq ft, surpassing the performance of the entire years of 2017 and 2018. The last two calendar years saw net absorption of 28.7 million sq ft and 33.2 million sq ft, respectively.