October 9, 2009 – 5:50 pm
Office rentals, which dropped 40% from their peak in the middle of 2008, stabilized across the country in the September quarter as fresh bookings for office spaces partly reduced inventories, says a report by international property consultant CB Richard Ellis.
There was no change in office rentals in some of the major office locations in the [...]
September 22, 2009 – 3:59 pm
Rentals of retail spaces in NCR and Mumbai have decreased by up to 15% in the first half of this year over the past six months on account of low demand and high base effect of last year.
According to global real estate consultant CBRE, rentals in the NCR have corrected by about 10% in the [...]
September 17, 2009 – 12:40 pm
Bajaj Auto vice chairman Madhur Bajaj, who in his personal capacity owns over 350 acres of land under Emerald Acres, plans to liquidate a large portion of his land-holdings to unlock value as the real estate sector looks up after the downturn.
He said that he has no plans to venture into real estate development [...]
September 10, 2009 – 11:37 am
Residential real estate prices are growing in Mumbai very fast. The highest price stands at Rs 97,842 per square feet for a flat at NCPA Apartments. The transaction took place about fifteen days ago in the Maker Tower B building located close to the World Trade Centre at Cuffe Parade.
In November 2007, [...]
September 7, 2009 – 1:52 pm
Though realty prices across India are still smooth, Mumbai’s realty market has surely started heading north. Realtors in Mumbai have hiked prices for their developments by 5-15%, depending upon the location. Modern India Ltd, a Mumbai-based realty company, has finalized the sale of 4 residential flats, sized 2,100 square feet each at its high-end [...]
The financial capital Mumbai now ranks as the most preferred destination for investing in properties, while Chennai has replaced Bangalore.
The survey, “Trend in residential space across top cities in the current scenario” ranked Mumbai as the most preferred destination to invest in property while in south, Chennai is in the first place for property investments, [...]
Mumbai seems to be the next destination for realty giants DLF and Unitech. Both companies are trying to restart some of their projects in Mumbai which were on hold.
Unitech, said, “We have a number of slum redevelopment projects in Mumbai. We also have a focus on affordable housing and some projects will be announced [...]
January 14, 2009 – 2:15 am
The unprecedented rush for flats constructed by the Maharashtra Housing and Area Development Authority (MHADA) has proved that even in times of recession there is a huge demand for affordable housing in Mumbai.
Mhada’s affordable housing scheme for the economically weaker, lower, middle and higher sections of society has seen upto 1.89 lakh application forms picked [...]
By rajani
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Posted in Property News
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Also tagged Adequate Land, Affordable Housing Scheme, Application Forms, Bureaucrat, Crore, Estate Consultant, Home Buyers, Housing Recession, Land Acquisition, Mhada Housing, Private Developers, public housing, Regulation Act, Rupees, Rush, Urban Land
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November 20, 2008 – 1:28 am
Realty firm Sahara Prime City said it would raise Rs 2,000 crore in the next 12-18 months to part fund development of 217 integrated townships across the country.
The company, which is planing to invest the amount in the first phase of the plan that will see development of 102 townships, is looking at both debt [...]
By rajani
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Also tagged Aamby Valley City, Banks Financial Institutions, Estate Business, Full Swing, Holding Company, Initial Public Offer, Joint Venture, Private Equity Firms, Private Equity Investments, Promoters, Realty Firm, Sahara Group, Sandeep, Townships, Wadhwa
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November 10, 2008 – 12:22 am
The real estate sector in India may have seen its best time for the next several decades. The real estate markets now heads downward, as people cannot make their mortgage payments.
OP Bhatt, chairman of State Bank of India (SBI), the country’s largest bank, expects 50% correction in the housing sector prices in the country. “In [...]
By rajani
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Also tagged Bank Of India, Banking System, Best Time, Credit Crunch, Global Banking, Metropolis, Mortgage Markets, Mortgage Payments, Paradigm Shift, Real Estate Sector, Residential Mortgage, Residential Sectors, Sbi, State Bank, State Bank Of India, Subprime Mortgage Market
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September 3, 2008 – 9:34 am
Real estate firms will enter into joint development for construction projects by selling land parcels to other builders, given the drop in sales of apartments and inflationary trends.
Pankaj Jaju, head-real estate practice, Enam Securities told FE, “Metros and Tier II towns having a huge pipeline of projects have witnessed a 60% drop in sales of [...]
By rajani
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Also tagged Bandra Kurla, Bangalore, Bkc, Chennai, Construction Projects, Crunch, Enam Securities, Industry Experts, Inflationary Trends, Land Parcels, Metros, Pune, Puravankara Projects, Raw Material, Real Estate, Realty Firms, Tier Ii
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August 23, 2008 – 2:14 am
Office rental prices are unlikely to see any major fall across the country’s three major business hubs National Capital Region, Mumbai and Bangalore even as the commercial realty markets in these areas are expected to witness a significant surge in supply, a leading real estate consultancy firm said.
While Bangalore is expected to witness further rise [...]
By rajani
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Also tagged Asia Pacific Region, Bangalore, Cbre, Commercial Realty, Commonwealth Games, Delhi Ncr, Gurgaon, Hubs, Leading Real Estate, Office Space, Rental Values, South Delhi
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August 12, 2008 – 4:23 am
With the stock markets down in India, the realty market here offers a reliable investment avenue.
There are three reasons why NRIs invest in India — they remit money for family expenses or investments or for maintaining their bank accounts and investments here.
According to RBI records, NRIs’ annualised remittances to India have grown from $26 billion [...]
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Also tagged Ahmedabad, Asset Class, Bank Accounts, Dlf, Family Expenses, Goa, Investment Destination, Investments, Joshi, K Raheja, Non Residents, Prominence, Real Estate Investment, Real Estate Investment Company, Realty Market, Remittances, Stock Markets
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Red Fort Capital, a Cayman Islands-based private equity fund focused on real estate development, is in the advanced stages of negotiations with six developers for projects worth Rs 40 billion in the metropolitan areas across India.
The fund will be developing an information technology park in Kolkata with Godrej Properties, with Red Fort holding a 49 [...]
Due to the depressed real estate market, all projects of small developers (grade C & D) are up for sale as no development has started because of severe cash crunch. And the big developers (grade A & B) are said to be scouting for these kinds of projects as they are proving to be more [...]
By rajani
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Also tagged Amritsar, Bangalore and Chennai, Chandigarh, commercial property, Indore, Karnal, Land, Ncr, Pune, Real Estate, Real Estate Investment, Residential Property, small developers
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Faced with a slowdown and increased competition, real estate players are trying to re-invent themselves by focusing on ‘personalized selling’.
Refusing to be lost in the clutter of ‘look-alike offerings’ in the real-estate market, a section of leading developers engaged in constructing properties in Bangalore, Mumbai, Hyderabad, Goa and Chennai is trying to carve out a [...]
There is going to be a major price correction in the real estate market in the subsequent three months. Land owners and builders are holding on to the selling price of their properties due to the ongoing monsoon but post-monsoon, prices would nose-dive 15-20%. Builders and property consultants preach that monsoon season is considered to [...]
By rajani
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Also tagged Akruti, Bangalore, Bank Loans, Jones Lang Lasalle, Land Acquisition, Land Deals, Monsoon Season, Property Consultants, Real Estate, Real Estate Developer, Real Estate Developers
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Mumbai-based Modern India Ltd has planned two thousand crore rupees investment plans for Rajasthan. Further, it also plans to construct a five-star hotel in Udaipur and a special economic zone (SEZ) in other parts of the state.
The high-end luxury real estate market is facing a double whammy. The demand from domestic buyers has already dried down and now even non-resident Indians (NRIs), who constituted a significant market for luxury real estate developers, are developing cold feet.
With the US property market witnessing a correction due to subprime crisis, the NRIs are expecting [...]
By rajani
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Also tagged africa, Ansal, australia, buy, buyer, demand, India, indian government, luxury, Market, non resident indian, NRI, PIO, pravasi bharatiya divas, property, Real Estate, Realty, US
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Mumbai, Apr 16 With the end of its association with The Oberoi group, Hilton Hotels Corporation is on top gear to make a comeback in the Indian market. The company today has not even a single property in the country courtesy the fallen apart tie-up with The Oberoi Group. Now, left all alone in the [...]
For prospective real estate buyers in the state capital, thinking big seems to be the guiding light, at least when buying apartments is concerned.
The new concept of one-BHK flats in Ranchi has failed to attract customers, leading developers to shelve many such projects. The “revolutionary” projects were supposed to provide reasonably good accommodation at a [...]
Hyderabad-based Country club ltd. is now ready to expand its horizon through getting hold of properties in Dubai and Bangkok.
People close to the deal told Business Line that Country Club is in advanced stages of negotiation to buy an existing hotel property in Dubai. The sources said that the price of property will be near [...]
March 18, 2008 – 12:15 pm
As home sales continuously going downward, real estate developers are changing their strategy and showing more interest in luxury home segment by targeting non-resident Indians and high net worth individuals keen on buying that exclusive villa in India. Such business strategy also seems to be supported by market as demand in the luxury home segment [...]
Slowdown in IT/ ITeS sectors is effecting real estate firms. Lease of office space to software and BPO firms have fallen by over 30 percent. The trend is particularly bound to affect firms like DLF and Unitech which are building several software SEZs (special economic zones) across the country. Unitech executive said that till just [...]
By rajani
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Posted in Property News
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Also tagged Bpo, Delhi, Dlf, Growth, Infosys, Jaipur, Market, Real Estate Slowdown, SEZ, Software Companies, Software Firms, Tcs, Unitech, Wipro
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European real estate giant Yoo by Starck expands into Indian real estate market, designing their first project for India, which will be developed by Panchshil Realty. The proposed condominium project will locate in Pune, which is on a few hours drive from Mumbai, India’s commercial and financial capital. In India, luxury projects are high on [...]
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