In the largest commercial space transaction this year, Morgan Stanley has picked up around 1.1 million sq ft office space at Oberoi Realty’s under-construction commercial tower, Commerz III in Goregaon, Mumbai.
Replete with natural light, prolific volumes, and an elegant color palette, elements that define the Auric Hall designed by IMK Architects; its design is unlike any other typical administrative building.
The two companies have signed an MoU to provide a new and integrated project management service to Indian developers and to bring about a quantum change in how Indian real estate is designed, constructed and operated, particularly during and post COVID-19 when technology will become instrumental.
The rent vs. buy debate involves multiple highly subjective factors. However, since millennials are increasingly interested in homeownership post-COVID-19, it is worth calculating what works better for most in the current circumstances.
