Unity Infra to Develop Housing Projects in Kolkata and Bangalore

Published: January 25, 2010

Construction firm Unity Infraprojects today said it will develop two mixed-use housing projects aimed at middle-to-high income segments in Kolkata and Bangalore with an investment of around Rs 500 crore. “We have already acquired 37 acres of land in these two cities. Work on the projects will kick off next quarter,” company Chief Operating Officer [...]

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Emaar MGF Expands its Operations in Chennai

Published: January 23, 2010

Emaar MGF, a joint venture between Emaar of Dubai and MGF of India and a leading real estate development company, expanded its presence in Chennai with the launch of The Avenues on Tuesday. Wilson Mathews, Head, Sales (South), Emaar MGF, said ‘The Avenues’ was part of Esplanade, one of the largest residential projects (14 acres) [...]

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Big City Realty Deals

Published: January 22, 2010

MUMBAI
An apartment, admeasuring approximately 1,150 sq ft, situated in Malabar Hill, was sold for around Rs 4,00,00,000 (Rs 34,783 per sq ft). The capital values for a mid-segment apartment in Malabar Hill would typically range from Rs 2,00,000–3 ,50,000 per sq ft and this apartment’s sale price is well within the prevalent price range.
The [...]

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Further Decline in Office Space Rentals at Nariman Point

Published: January 19, 2010

The micro-market of Nariman Point was among the few in the country where office space rentals fell over the last quarter in an otherwise stabilising commercial real estate market. According to a report by commercial real estate services firm CB Richard Ellis, this is primarily due to relocation of offices from Nariman Point to further [...]

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Residential Property to Play a Major Role in Revival of Real Estate Sector

Published: January 18, 2010

As the year 2010 begins , it is heartening to note that homebuyers are taking the lead in reviving the realty market.
Looking forward, it is almost certain that the residential sector will continue to play a major role in shaping future growth in the sector. For homebuyers, this also means that developers are going out of [...]

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Recession-hit Indian Real Estate Sector Crawling Towards Recovery: E&Y

Published: January 18, 2010

Recession-hit Indian real estate sector is crawling towards recovery with the return of end-users as well as institutional investors in the market, consultancy firm Ernst & Young has said. “The real estate sector is generally looking positive now. End-users are back in the market. Several developers are announcing new projects. Institutional investors, particularly private equity [...]

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