Residential Prices in Mumbai going Sky-high once Again

Published: April 28, 2010

Apartments at Ashok Towers in the Parel area of Mumbai command a price of Rs 28,000-29,000 a sq ft. This is higher than what developers were charging at the peak of the property market boom during 2007-08. The prices then were Rs 25,000-26,000 a sq ft. During the slowdown in 2008-09, the rates had come [...]

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Office space rentals in India seen stable in 2010

Published: April 26, 2010

Rents for office space are seen stable in 2010 as increased spending by IT and ITES firms absorbs space put out over the last few quarters, a recent survey by real estate consulting firm C.B. Richard Ellis showed.
The market for commercial space in major Indian cities has seen a boost in demand in the March [...]

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Best Location in Pune to Buy Commercial Property

Published: April 26, 2010

The ‘Queen of Deccan’-Pune is located at the western margins of the Deccan Plateau, quite near to Mumbai. Pune has a very pleasant climate and a well developed urban area that spans about 700 sq Km. Of late, Pune has emerged as a big center for IT & automobile companies and numerous prestigious educational institutions [...]

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JLLM Predicts More Rise in Mumbai Residential housing prices

Published: April 22, 2010

Residential housing prices in Mumbai are expected to move further upside as sales increase and investor sentiments strengthen, a recent real estate report by Jones Lang LaSalle Meghraj (JLLM) said. “Demand for commercial spaces is improving and will continue to do so until the end of 2010. This will translate in to a large number [...]

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Ahmedabad, Pune Overshadow Delhi, Mumbai in Investment Segment

Published: April 14, 2010

Unlike other major cities like Mumbai, Delhi, Chennai and Bengaluru, real estate demand in Ahmedabad and Pune is higher in investment segments, said a real estate survey released by ICICI Securities, the largest integrated securities firm. The survey was conducted across eight Indian cities including Mumbai, Delhi/NCR, Bengaluru, Chennai, Kolkata, Ahmedabad, Hyderabad and Pune among [...]

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Crisil Report Predicts Stability in Property Rates

Published: April 10, 2010

A Crisil research report on residential property prices of India’s 10 biggest cities says prices will remain more or less stable with a moderate dip in prices in Mumbai and a marginal (2 per cent) rise in the National Capital Region (NCR) in 2010.
According to the report, the average capital appreciation in the 10 cities [...]

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Five lakh affordable homes planned in Mumbai, adjoining areas

Published: April 7, 2010

Maharashtra Chamber of Housing Industry (MCHI) has embarked on an ambitious plan of facilitating the creation of five lakh affordable houses by 2015 in co-ordination with the State Government.
The total investment will be around Rs 15,000 crore and more than 500 builders will participate in the project.
“We are closely working with the State Government and [...]

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SBI Increases Interest Rates on Home Loan

Published: April 5, 2010

State Bank of India (SBI), the largest bank in India and one of the leading players in the housing finance market, has raised interest rates on home loans. Although the bank will continue with its 8% teaser rate — which the SBI had introduced more than a year ago — for the first year, it [...]

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DLF to Launch Two Housing Projects in Mumbai

Published: April 1, 2010

DLF, the largest real estate developer in the country by market capitalisation, is looking to launch two housing projects in Mumbai at a price range of between Rs 15,000 and 25,000 per square feet as it expects the residential segment in the region to outpace the retail and commercial markets. The company will launch a [...]

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