Property prices in Mumbai soared by 66 percent in the last four years. Prices shot up mainly due to the limited supply and scarcity of land. Mumbai has been one of the costliest property markets in India. Property prices in the city have always been in the sky and still they are moving upward, leaving […]
With the plan to expand, Sanofi India has bought 150000 sq. ft. office space at Powai in Mumbai. MUMBAI: Sanofi India is the Indian subsidiary of French pharmaceutical major. It has bought 150000 sq. ft. of office space as part of their plan to expand. The newly bought office space is located at Powai, one […]
The period, before the presentation of Budget 2013, was a period of expectations and promises. However most of the promises to the real estate sector were not included in the Budget 2013. Real estate sector had ‘invested’ a lot of hopes on the Union Budget 2013. The construction sector expected that the sector would be […]
February 20, 2013 – 5:16 pm
2012 witnessed many corporates shifting their Headquarters to bigger offices. Experts opine that this was mainly due to the fall of rentals in many of the cities. As the rentals fall in many of the cities; mainly due to the sluggish realty market, many Corporates have shifted their headquarters to some bigger and better offices. […]
February 1, 2013 – 7:23 pm
Jones Lang LaSalle predicted that this year India will have more foreign investment. JLL reported that foreign investors are likely to enter India with huge investment plans. Jones Lang LaSalle, one of the leading global real estate consultancy firms, reported that India will have greater amount of foreign investment in the forthcoming years. According to […]
January 11, 2013 – 7:56 pm
The cities which generate higher number of jobs are always sought after hotly. Such areas normally have higher prices and this proves that property prices are determined by the job-generation capacity of the city. Property price of a city is highly influenced by the city’s job-generation capacity. The city which offers higher number of jobs […]
January 4, 2013 – 9:19 am
Real estate experts predict that the year 2013 will be a boom year for real estate sector. In their opinion real estate sector will thrive in 2013. Real estate sector had passed through a tougher time in 2012. Slow paced and declined market affected real estate sector in India. Low sales and increased construction costs […]
December 19, 2012 – 6:55 pm
Outer Ring Road (ORR Bangalore) gives better odds to real estate market Bangalore. A Jones Lang LaSalle India report said that Outer ring road is one of the best performing commercial areas of the city. According to the latest report of JLL, ORR Bangalore is the best performing commercial area. JLL report also highlighted the […]
Mumbai may be second to Delhi in unsold homes, but it will take longer to sell them. Real estate developers in the financial capital must wait over three years to clear 1.13 lakh units or 120 million sq ft as high prices deter potential buyers, shows a study released by Liases Foras, a real estate […]
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. […]
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Posted in Property News
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Tagged Bangalore, Chennai, Commercial Space, DTC, Hyderabad, IT & ITES sector, Jones Lang LaSalle India, Kalyani Developers, Karun Varma, MNC IT companies, Mumbai, Ncr, Office, Residential Space, Shrinivas Rao, Vestian Global Workplace Services
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Realty glitters in the diamond city. Real estate sector has witnessed a 100 per cent growth in the past two years, aided by a number of factors like vertical development, business opportunities and influx of people from other places. Om Ahuja, CEO-residential services, Jones Lang LaSalle (JLL) India, said, “In cities like Surat, the growth is directly related to […]
By skgupta
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Posted in Property News
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Tagged CEO-residential services, Credai, diamond city, director of planning, Harshil Daliwala, Jivan Patel, JLL, Jones Lang Lasalle, Om Ahuja, Real Estate, SNS Builders, Surat, Surat Municipal Corporation, Tarun Rawal
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Private equity deals are alive and kicking in Indian real estate space even though headline numbers do not reflect the same due to the absence of big ticket investments. The total number of PE deals during the first quarter of CY 2012 has hit a three-year high, according to VCCEdge, the financial research platform of […]
By skgupta
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Posted in Property News
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Tagged Capital Markets, director, financial research, Indian Real Estate, joint managing director, Jones Lang LaSalle India, Kotak Realty Fund, Property Consultant, Q1, Real Estate, Shobhit Agarwal, V Hari Krishna, VCCEdge
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In a recent report, Jones Lang LaSalle said that Mumbai seems to be in a tighter spot with Rs275 billion being sunk in land since FDI (foreign direct investment) was allowed in real estate in 2005; most of which has failed to yield returns. Even many investments done in South Bombay once named as one of the […]
By skgupta
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Posted in Property News
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Tagged Budget, Census Directorate, DCR, development control rules, Home Buyers, Jones Lang Lasalle, Maharashtra, MD, Mumbai, pankaj kapoor, Rbi., Reserve Bank Of India, Stamp Duty
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Real estate major Parsvnath Developers may soon be able to reduce a significant chunk of its debt, thanks to certain corporate giants showing interest in buying a prime piece of property it owns in the national capital. The Sahara Group is engaged in discussions with Parsvnath to buy its commercial land near Connaught Place in […]
The Indian property market will see more investment from overseas this year as it still remains an attractive investment destination globally. In a recent report, property broking and real estate consulting firm Jones Lang LaSalle said the Indian property market is poised to attract about US$3 billion, almost double last year’s US$1.6 billion, from overseas […]
By skgupta
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Posted in Property News
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Tagged Bhopal, Chennai, Dubai, Dubai-based, Home Buyers, HONG KONG, Indian property market, Indian Property Sector, Indian Property Show, Jones Lang Lasalle, Mumbai, National Housing Bank, NHB, Real Estate, Reserve Bank Of India, Singapore, South Africa, Sumansa Exhibitions, Suntec Exhibition Centre's hall, two-day exhibition, Uk
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The real estate sector in Bangalore has grown to a large extent in the past one year. In the year ahead, the city’s realty is expected to grow by 25 per cent as per the CREDAI estimation. “We are expecting the realty to grow by 25 per cent in the coming year. Last year too […]
By skgupta
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Posted in Property News
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Tagged affordable housing segments, Bangalore, Consortium of Real Estate Developers’ Associations of India, CREDAI Karnataka, Delhi, Jones Lang LaSalle India, Mumbai, president, Real Estate Sector, Realty Intelligence firm, Sushil Mantri
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As per the budget proposal, the threshold will be over Rs 50 lakh an urban areas and Rs 20 lakh elsewhere. Also the TDS at the rate of 1 per cent on transfer of immovable property (other than agricultural land) above a specified threshold will also add to the cost of buying a house. Cement […]
By skgupta
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Posted in Property News
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Tagged a Realty consultant, affordable housing segment, Application of TDS, budget proposal, Buy or Build a House, Cement and steel manufacturers, Chairman Pradeep Jain, Confederation of Real Estate Developers' Association of India (CREDAI), DTZ, exempted from service tax, Jones Lang LaSalle India Chairman and Country Head Anuj Puri, Realty players, TDS, transfer of immovable property, Union Budget 2012-13.
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Beginning with the Budget 2012, it is difficult to see the raising of the personal income tax exemption limit from Rs 1.8 lakh to Rs. 2 lakh as anything more than tokenism. It is certainly not relevant for the aspiring Indian middle-class home buyer. The expected exemption limit of Rs. 3 lakh would have had […]
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Posted in Property News
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Tagged 1% tax rebate for home loans, Aunj Puri, Budget 2012, Capital Gains Tax, Chairman & Country Head, Indian middle-class home buyer, Jones Lang LaSalle India, personal income tax exemption limit, Pros and Cons, service tax rate, significant foreign capital inflows, Union Budget 2012-13.
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Real estate consulting company Jones Lang LaSalle Meghraj (JLLM) has signed a big contract with a country’s major information technology company Wipro for managing its 2.3 million square feet of office space in Bangaluru, Mumbai and Mysore. Photo by markehrWipro is the third largest exporter of the country of information and technology whereas with global […]
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Tagged Corporate Facility Management, Facilities Management Services, Facility Management Services, Hcc, India Group, India Team, Indian Corporates, Information and Technology, Information Technology Company, Jones Lang Lasalle, Jones Lang Lasalle Meghraj, Kapila, Largest Exporter, Lavasa, Management Contract, Management India, max india, Mysore, Real Estate Consulting, Wipro Technologies
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December 30, 2008 – 12:19 am
Is this the right time to invest in real estate sector? Besides ones personal situation, the external factors that influence this decision are real estate prices and interest rates. On the interest rate front, market signals are positive. Most public sector banks have cut their benchmark prime lending rates by 0.75% to 12.5% effective January […]
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Tagged Anuj Puri, Buying A House, Current Market, External Factors, Finance Company, Genuine Need, Hdfc, Jones Lang Lasalle, Market Signals, Mortgage Finance, Personal Situation, Prime Lending Rates, Public Sector Banks, Real Estate Sector
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December 27, 2008 – 2:18 am
The year 2009 will lift the gloom in the real estate market as the property market turns buyer friendly with the cuts in property rates and home loan rates. Developers for their part would benefit as they will focus on creating volumes at affordable price points. The government move to boost home loans will definitely […]
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Tagged Borrowers, Business India, Central Government, Ceo, Economy, Gloom, Government Move, Hfcs, Home Buyers, Home Loan Rates, Home Loans, Jones Lang Lasalle, Momentum, New Year, Private Banks, Property Developers, Public Sector Banks, Sanjay Dutt, Segment, Thrust
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December 9, 2008 – 5:41 am
Transparency in real estate sector seems to be improving. According to the Jones Lang LaSalle – 2008 Real Estate Transparency Index, India now holds the 50th position out of 82 markets globally. Countries are grouped into bands such as Highly Transparent (Tier 1) and Opaque (Tier 5). India has moved up from Tier 4 (Low […]
October 21, 2008 – 2:10 am
Potential home buyers, who have been deferring their purchase decisions, may have to wait till April-May to get a good deal. The ripples of the ongoing financial crunch, coupled with mounting pressure from various other circles, will peak between January and March. That’s when many developers will be forced to sell the unsold stock at […]
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Tagged Current Market, Economic Prospects, Festive Season, Financial Crisis, Financial Crunch, Global Financial Turmoil, High Interest Rates, Home Buyers, Jones Lang Lasalle, Jones Lang Lasalle Meghraj, Market Scenario, Parel, Puri, Real Estate Developers, Ripples
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August 19, 2008 – 4:56 am
Property firms are eyeing newer overseas markets for business opportunities as the domestic real estate market continues to slump. While the looking overseas trend isn’t too new, firms such as the Bangalore-based Puravankara Projects Ltd and Sobha Developers Ltd, and the Delhi-based Parsvnath Developers Ltd are pushing ahead to expand their global presence. Overseas offices […]
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Tagged Chief Financial Officer, Construction Material, Global Presence, Guandong, Interior Fittings, Marketing Office, Nagpur., Nashik, Overseas Markets, Private Equity Funds, Property Developer, Pune, Puravankara Projects, Silicate, Sobha Developers Ltd, South East Asia, United Arab Emirates
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August 19, 2008 – 4:55 am
Most luxury and premium brands are looking for quality retail-centric real estate spaces not only for expanding their branded retail shops but also for having their new offices, according to industry experts. Hugo Boss luxury watches, which is being retailed by Titan Industries Ltd through about 15 to 20 of 250 World of Titan showrooms, […]
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Tagged Bottega Veneta, Brand Marketing, Brand Visibility, Departmental Stores, Estate Space, Jones Lang Lasalle, Jones Lang Lasalle Meghraj, La Perla, Luxury Brands, Luxury Retailers, Metro Theatre, Murjani Group, Quality Real Estate, Quality Space, Retail Malls, Titan Industries
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