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Air Quality Panel For Delhi-NCR Invokes Anti-Pollution Measures
The Centre's air quality panel for Delhi-NCR Monday invoked restrictive measures under stage three of the air pollution control plan amid a sharp dip in air quality due to unfavourable meteorological conditions. Delhi's AQI stood at 367 at 2 pm. Poor air quality, caused by unfavourable weather conditions, often persists from November to January. "Considering the highly unfavourable meteorological conditions including calm winds and very low mixing height leading the AQI of Delhi into the higher end of the very poor category, the panel's sub-committee on Graded Response Action Plan decides to i..
Gross Leasing Of Office Space Set To Rise 14%
Gross leasing of office space across eight major cities is likely to rise 14 per cent to touch a record 85 million sq ft this calendar year, according to Cushman & Wakefield. The gross leasing of office space stood at 74.6 million sq ft in 2023 across eight cities -- Bengaluru, Hyderabad, Mumbai, Delhi-NCR, Chennai, Pune, Kolkata and Ahmedabad. "India's office real estate has consistently been witnessing more than 70 million sq ft of gross leasing volume (GLV) since 2022 across the top 8 cities. The current year 2024 is likely to register a historic high volume of 83-85 million sq ft of GLV," ..
Singapore's Wee Hur to Sell Its Student Housing Portfolio
Wee Hur Holdings, a Singapore-based real estate investment management firm, said on Monday that it will sell its student accommodation portfolio to real estate asset manager Greystar for a gross price of A$1.6 billion ($1.02 billion). Under the agreement, Wee Hur will retain an indirect stake in the portfolio via its Australian unit through a 13per cent equity interest in Greystar. The portfolio comprises of seven student accommodation assets spanning more than 5,500 beds across key Australian cities, the company said. Wee Hur said it will receive around S$320 million ($237.1 million) in net ..
