Rentals of high end villas decline in Bangalore. The increased number of villa projects is said to be a reason for this decline in the rentals of high end villas. High end villas always remained as one of the best options to lead an independent life. Though costlier than almost all other forms of residential […]
India is predicted to face severe housing shortage. According to the global real estate consultant firm Knight Frank, housing shortage will be one of the main problems India will have to handle in the near future. By the year 2031 the population, residing in the top Indian cities, will be over 600 million. The government […]
The demand for office space in India is expected to be driven by the foreign retailers. There are many foreign retailers who are set to expand their shops in India. Once the foreign retailers start expanding their stores in India, the commercial real estate sector will gain boost from this. Their expansion will demand more […]
According to the Economic Survey 2013 finding, delay in building clearances is one of the main factors which cause property prices to shoot up. As per the findings of the Economic Survey 2013, property prices are shot up due to the undesirable delay in building clearances. The Economic Survey 2013 requested the government to consider […]
First time home buyers are given a reason to be happier and more cheerful now. They will be given an additional benefit of Rs.1 lakh deduction for the interest rates for their home loans up to Rs.25 lakh. Though the new proposal included in the budget 2013-14, it will be applicable only to the first […]
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 27, 2013 – 5:11 pm
Thane in Mumbai; due to its overwhelming connectivity, has become one of the hottest realty destinations in Mumbai Metropolitan region. The growth of Thane is mainly due to its increasing connectivity and infrastructure development. In fact connectivity has made it one of the best real estate destinations in Mumbai.
February 26, 2013 – 7:15 pm
Connaught Place in New Delhi and Bandra-Kurla Complex(BKC)in Mumbai are the two office locations in India which have found place among the most expensive office locations. Two Indian locations have got a place into the list of most expensive office locations in the Asia-Pacific region. At least India will have something to be proud of […]
February 25, 2013 – 5:33 pm
After attaching the properties and the freezing their accounts, The Securities and Exchange Board of India (SEBI) asked the people not to enter into any dealings with the Sahara group. A couple of weeks back, SEBI attached the properties of two Sahara Group firms. The attached properties include both movable and immovable properties. Failing to […]
February 22, 2013 – 7:40 pm
With the aim to provide more affordable homes to the people the union government plans to confer infrastructure status to the housing sector. The coming budget is believed to confer infrastructure status on housing sector. The budget session will also have the plan to implement the regulatory bill as well. Conferring infrastructure status to the […]
February 22, 2013 – 8:26 am
Leaving the proposed buyers to greater anguish and distress, Haryana Urban Development Authority (HUDA) postponed the plot allotment in Gurgaon. The buyers’ wait gets longer and longer and there appears no end for the wait as Haryana Urban Development Authority (HUDA) has postponed the plot allotment for an indefinite period. HUDA has not announced the […]
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 19, 2013 – 7:29 pm
In a move to take away the overburden from the shoulders of city residents, BMC has announced an increase in the water supply in the city. The BMC move may boost the construction sector. Last year, builders had to cop up with the lack of water for construction purposes. This year the builders expect that […]
February 18, 2013 – 7:39 pm
Once the Union Finance Minister has hinted on some special provisions for the affordable housing subdivision in the Budget 2013, home buyers look ahead with lot of hopes and dreams. Owning a home is always been a dream for everyone and in the same way they look at the yearly-budget for having some provisions that […]
February 16, 2013 – 5:51 pm
Prominent infrastructure development company GMR Group is likely to sell Cognizant Technology Solutions, its Chennai Technology Park, for Rs.150 Cr. Prominent infrastructure development company GMR Group has revealed its plans to divest its technology park in Chennai. The technology park; located on Old Mahabalipuram Road (OMR), one of the prime IT hubs in the city, […]
February 15, 2013 – 6:12 pm
Union housing and poverty alleviation minister Mr. Ajay Maken recommended that Mumbai must review the existing FSI policy so as to make sure that the city is meeting the increasing housing demand. Mumbai has been one of the major cities in India where the housing demand has seen no boundaries and limits. Despite all the […]
February 14, 2013 – 5:20 pm
Realty sector hopes that upcoming budget by the Finance Minister will cut down the costs of finance for the construction boosting realty sector. As Finance minister is likely to announce the new Budget on February 28, realty players demanded that the cost of finance should be lowered for the construction sector. If the cost of […]
February 13, 2013 – 7:22 pm
America-centered private equity giant Blackstone is likely to buy Business Park in Bangalore. The deal is expected to be fixed at $367 million (Rs.19.5 billion approximately). Blackstone, America-centered private equity giant is likely to buy Bangalore Business Park along with two Indian realty firms. The deal is expected to be set for a sum of […]
February 12, 2013 – 7:28 pm
Leading auto and two-wheeler developers TVS Motors has entered into the real estate business. TVS group has launched their first residential project in Chennai. By launching their first residential project in Chennai, TVS Motors; a leading auto and two-wheeler developers, has entered real estate business. As their stepping stone they have developed a residential project […]
February 11, 2013 – 6:31 pm
DLF, India’s largest real estate developing firm, plans to raise Rs.2,100 Cr through institutional placement program (IPP). DLF plans to sell nearly 8.1 Cr shares to raise the amount. DLF is all set to raise a huge fund through institutional placement program – market system in which the stakes of the seller-firm are sold to […]
February 8, 2013 – 6:42 pm
Ahmedabad Development Authority (AUDA) recently announced its new Development plan. The new development plan by AUDA has raised the floor space index (FSI) by 30%. Ahmedabad Development Authority; raising the floor space index last week, paved the way for more vertical real estate development. As per the new development plan, the FSI is raised by […]
February 7, 2013 – 6:10 pm
Realty sector in India witnessed a deep fall in the investment by Private equity firms in 2012. Realty sector currently faces faded interest of private equity firms. A leading global accounting firm Grant Thornton reported that the private equity firms have lost their interest in the realty sector and infrastructure. In 2012 nearly $ 7.4 […]
February 6, 2013 – 6:33 pm
American retailer Walmart and the government of USA have conveyed their anxiety over the veto power of the states on foreign direct investment. By providing veto power to the states, the Union government of India had said that the act will support the states to have absolute control over the foreign investors. The entry of […]
February 5, 2013 – 6:55 pm
Property prices will remain stable in the Indian market for a quite long while as there is no chance for any price-fall in the near future or around. Real estate experts opined that there will not be a fall in the property prices in the near future. Though they opined that there will be no […]
February 4, 2013 – 7:58 pm
AIG Global, a New York-centered private equity giant, has purchased RMZ Corp’s 50% stakes in their Hyderabad mall project. The private equity giant plans to turn the mall project to a residential project. AIG Global; after gaining Bangalore-centered real estate group RMZ Corp’s 50% stakes, has now plans to turn the stalled mall-cum-office project into […]
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