Analysis, Insights, News & More...
Sunil Sharma was a very successful IT professional in the US where he had been working for over a decade. However, he has returned to India and is currently engaged in developing an advanced IT-ready commercial space with all concepts of sustainable building packed into the Advant Navis Business Park in Delhi NCR (Noida-Greater Noida [...]
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With the economy regaining its momentum slowly, India will add up to 40 million sq ft of office space this year, which will be higher than many other advanced countries, but lesser than China. “Despite the slowdown, India will add highest ever office spaces this year. We will see 30-40 million sq ft of office [...]
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Bangalore is also counted amongst the country’s outsourcing hub along with Mumbai and Delhi. It is the third choice of HNIs, after Delhi and Mumbai. The presence of so many IT and ITES companies also support this fact. The boom in the IT sector caused many companies to have set up their offices in Bangalore. [...]
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Bangalore is now a much preferred destination not only by global IT firms but also by a number of home buyers. The pleasant weather, global lifestyle trends and improving connectivity infrastructure has made the city a heaven for new homeowners, spinning off a fresh demand for property. The city is feeding a number of builders [...]
Posted under Buying Property, Indian Real Estate, Property Rates
The three major cities in south India — Chennai, Hyderabad and Bangalore —did not witness fresh supply of mall space between January and March this year, according to Cushman & Wakefield. However, these cities would see supply of 4.35 million sq ft by the year end, the real estate services firm said in its report [...]
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The office property market in key business districts in India is experiencing an increase in confidence with banks and financial services companies buying but the IT and ITeS sectors are yet to enter the growth spree as they are still depressed by the global economic downturn, according to analysts.
Delhi and Mumbai are seeing the most [...]
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New Delhi / Bangalore: Nitesh Shetty, a developer of high-end properties in Bangalore, has no qualms over dropping the premium tag—and prices—in some of his projects as demand for affordable housing picks up pace in India.
“Demand lies here and we need (to) adapt accordingly,” said Shetty, founder and managing director of unlisted realty company Nitesh [...]
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Mumbai commercial rental continues to be the second costliest in Asia Pacific. With rent of about USD 800 per sq metre per annum, Mumbai is ahead of the likes of Tokyo (USD 750 per sq metre p.a.) and Singapore (USD 625 per sq metre p.a.) as per the latest report of real estate consultancy [...]
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When the going was good in the real estate sector a few years back, retail was seen as a lucrative avenue to park one’s funds. But given that the current scenario creates scepticism on the return on investment, is retail still seen as a profitable option?
Take the case of businessman Manoj Shah who had invested [...]
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AHMEDABAD: Mall vacancies in major retail destinations such as Delhi, Mumbai, Pune and Hyderabad climbed between 5% and 15% in June 2009, even as developers rewire their strategies to sustain cash flows. During the past six months, developers juggling with various revenue models have discovered to their relief that certain “flexible” formats like ‘minimum guarantee’ [...]
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Is it a good time to buy or sell in the real estate market right now? Chances are that as a prospective buyer or a property owner, you may be facing a serious dilemma. Industry players feel that while it may be a good decision to buy in certain locations, a sell off needs to [...]
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SALES slowdown, stagnating capital values and a need to manage resources better are pushing Indian realty firms to invest in technology that will help them achieve optimum productivity, information access and regulatory compliance.End-to-end enterprise resource planning (ERP) solutions, that manage diverse projects across different locations, are slowly finding favour. ERP vendors are seeing increased enquiries [...]
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India’s largest real estate company DLF has decided against selling core assets — residential, industrial and commercial plots — which it had put on the block. The company will now sell only the hotel plots, which are non-core to its business. DLF executive director YK Tyagi told ET that the company has pulled back these [...]
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Realty companies are resorting to discounts to sell commercial properties in order to improve cash flows and reduce mounting debts. DLF, the country’s biggest real estate firm by market capitalisation, has recently sold its 66% stake in a special purpose vehicle that owns eight acres at Prabhadevi in Mumbai for Rs 310 crore, which analysts [...]
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After being launched in cities like New Delhi, Bangalore and Pune, service apartments will soon be a reality in Tier II and III cities. Considering the growing number of corporate honchos visiting the tri-city, Ludhiana and Amritsar, real estate developers will soon introduce service apartments in these cities. Another reason that has evoked developers’ interest [...]
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Anticipating strong policy measures for real estate in forthcoming Budget, embattled realty majors see positive signs of recovery taking place, within next Three months as affordable housing rev up demand and improved cash flows address their liquidity concerns, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
The ASSOCHAM Business Barometer (ABB) Survey [...]
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“Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other
forms of monopoly.”
Said former British Prime Minister Winston Churchill and that’s the sense of power felt by those who hold land. The thinking of Indian developers is no [...]
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New Delhi: India’s realtors believe the sector will see signs of recovery in the next three months, according to the Associated Chambers of Commerce and Industry of India (Assocham). A survey report by the industry lobby said 88 percent of chief executives of real estate firms see a quick revival within the next three months [...]
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Builders seem to have reset their price expectation and it is starting to reflect in the new stock entering the market Banks say that they have not seen any change in either loan disbursement or loan applications. After six to eight months of a dry spell in the real estate space, builders are claiming that [...]
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Bangalore / Mumbai: After two failed attempts to pre-sell its Hafeez Contractor House development in central Mumbai over the past two years, real estate developer Orbit Corp. Ltd has decided to build premium residences instead of corporate offices on the 250,000 sq. ft property. The move comes as demand for commercial space across India, and [...]
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A decision by DLF Ltd, the country’s biggest realty firm by market value, to reduce prices of its apartments in Chennai and Bangalore by between 10% and 30% could trigger a wider correction in what is still an overheated market, according to analysts and consultants. The DLF move will force other realtors to cut apartment [...]
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MANAMA: Indians should turn the present financial crisis to their advantage by investing in the real estate business back home, says a leading Bahrain businessman.
With property prices and rents spiraling in the Gulf and the Indian rupee depreciating, Indian real estate developers are actively promoting their products among expatriate Indians, including those in Bahrain.
“Despite the [...]
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Investing your money in real estate is not enough. Knowing where to invest is necessary for attractive gains in the property market. So which are the best places to invest in real estate in 2009? Global real estate consultancy Jones Lang LaSalle Meghraj (JLLM) outlines the nine best places that can fetch you lucrative returns:
Mumbai: [...]
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