While demand for residential space was mostly sluggish in 2011, demand for office and retail space remained healthy in Bangalore. The market for commercial space is estimated at 50 mil sq ft across the country. The average yearly absorption rates in Bangalore and NCR are about nine mil sq ft. While six mil sq ft [...]

Indian developer Sobha Group has obtained eight million square feet of land at Dubai’s Meydan City for an undisclosed amount to build a mixed-use project. The project, Sobha City, will be located at Meydan City’s Godolphin Parks area and will include a cluster of luxury signature villas. Saeed H Al Tayer, chairman of Meydan Group, [...]