commercial property
Billionaire Warns NYC Could "Become Mumbai" Under Mayor-Elect Mamdani's Policies
Nov 11, 2025 11:41 pm CST
Real estate billionaire Barry Sternlicht warns that New York City could resemble Mumbai under Democratic socialist mayor-elect Zohran Mamdani, citing concerns about mandatory union rules, rising costs, and tenant protection policies that may drive businesses away from the city.
Indian Office Leasing Market Shows Mixed Performance: 6% Quarterly Decline Amid Projected Record Annual Growth
Oct 07, 2025 09:57 pm CST
Knight Frank India reports a 6% decline in office space leasing across India's top eight cities during the July-September quarter, though the January-September period still showed strong 24% annual growth. Despite quarterly slowdown, experts project record-breaking annual office absorption of 85 million square feet in 2025, with varying performance across major metropolitan areas including Bengaluru, Hyderabad, Chennai, and Mumbai.