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Streaming services major Netflix’s India arm has renewed the lease for its head office space spread over 137,000 sq ft in commercial tower Godrej BKC in Mumbai’s business district Bandra-Kurla Complex (BKC) in a five-year deal valued at more than Rs 280 crore.The company will be paying monthly rentals of nearly Rs 4.30 crore for two separate leases...

Brookfield Properties, global real estate services company of Brookfield Asset Management, has refinanced debt worth Rs 2,100 crore that was raised against its commercial property Equinox Business Park in Mumbai.The property services company has raised the funds from Punjab National Bank to refinance its earlier debt facility that was extended by...

In one of the largest co-working office transactions, American investment banking services company The Bank of New York Mellon Corporation (BNY Mellon) has picked up over 162,000 sq ft workspace in Pune through a lease agreement with flexible office provider 315Work Avenue.The New York-headquartered company’s latest office is spread across five entire...

File PhotoBy Melvin MathewBENGALURU: Residents of HRBR Layout point out 130 illegal buildings in area; demand cancellation of licences issued to commercial buildingsRecently, encouraged by BBMP’s action against illegal buildings in Whitefield, the residents brought to attention 130 illegal buildings in HRBR Layout. Urging strict action against errant...

Representative ImageTRICHY: A new resolution was passed in the council on Tuesday to allocate 14.1 acres of land in Panjapur near the Trichy-Madurai national highway for the construction of Tidel Park.The previous allotment of 8.9 acres of land was cancelled as the Tidel management sought a larger land parcel to construct a mega office space for IT and...

Representative ImageFinancial technology and digital payment services provider Infibeam Avenues has acquired an entire ground plus 10-storey commercial tower, which was being developed by textile manufacturer Sintex Group as its headquarters in Ahmedabad, for Rs 90 crore, said persons with direct knowledge of the development.In March, Reliance...