Best Time to Invest in Commercial Property

Published: November 16, 2009

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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Despite Slowdown India to Add 40 mn sq ft Office Space This Year

Published: October 7, 2009

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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No Fresh Supply of Mall Space for South India between January and March

Published: September 8, 2009

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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Is the worst over for the real estate sector?

Published: September 7, 2009

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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Real Estate Shows Signs of Stability after a Long Freefall

Published: July 14, 2009

Commercial real estate transactions, considered a key indicator of economic activity, is showing first signs of stability after a free fall during the early part of this year. According to real estate consultants, the worst phase for the industry seems to be over as lease rentals both in peripheral areas as well as the central [...]

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Realtors use technology to boost productivity

Published: July 10, 2009

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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CMDA Puts MBS on Fast Track in Chennai

Published: June 29, 2009

Hot on the heels of hastening the planning permission mechanism for small buildings, the Chennai Metropolitan Development Authority has initiated steps to put the approval process for multistoreyed buildings (MSB) also on fast track in the Chennai metropolitan area. Only recently, the regulatory agency had done away with the necessity to obtain seven out of [...]

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Is it the right time to expand biz in property market?

Published: June 22, 2009

The good news is that the commercial segment in real estate is upbeat and demand is picking up. While initially, the first quarter of the calendar year saw a major decline in rental values in commercial spaces, the process of stabilisation has now begun over the last few weeks.
Companies, which were earlier hesitant to set [...]

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Discounts pay, home buyers back in market

Published: June 15, 2009

NEW DELHI: Home sales have picked up in select Indian markets over the past couple of months, but analysts warn that prices may not have bottomed out yet as developers are sitting on a huge inventory.
Markets such as Delhi National Capital Region (NCR), including Delhi and surrounding areas such as Gurgaon, Faridabad, Noida and Ghaziabad, [...]

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Real Estate Recovery in Coming 3 Months : ASSOCHAM

Published: June 3, 2009

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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Real Estate: Buyers willing to come forward at the right price

Published: June 2, 2009

“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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Tata Real Estate and Infrastructure Limited Plans 20,000 Crore Investment

Published: May 29, 2009

TRIL has hired Sanjay G. Ubale, a former IAS officer to head its real estate and infrastructure foray. Tata Realty & Infrastructure Limited (TRIL), a wholly-owned subsidiary of Tata Sons, has unleashed it mega investment plans for the sector. The company, part of a $62.5 billion Tata group, has said that it plans to develop [...]

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Real estate recovery in next three months: Assocham

Published: May 29, 2009

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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Commercial rentals in Delhi, Mumbai plunge

Published: May 21, 2009

Commercial real estate rentals in Mumbai and New Delhi have seen a steep decline of 24 per cent in the January March quarter over the previous quarter of the financial year 2008-09, according to a research report by Jones Lang LaSalle Meghraj (JLLM), a property consultancy firm.
“The biggest decline in commercial rentals have been in [...]

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Builders Allege Upturn in Property Demands- Banks Disagree

Published: May 20, 2009

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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End the waiting, real estate developers tell consumers

Published: April 12, 2009

CHENNAI: At a time when real estate prices seem to be in free-fall, many potential home-buyers are sitting on the fence in the hope that prices will drop still further. Real estate developers are now warning that if they wait too long, there could be dire consequences for a number of support industries, millions of [...]

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DLF Plans Commercial and Residential Projects in Chennai and Hyderabad

Published: March 9, 2009

DLF plans to invest around INR 3,500 crore in various residential and commercial projects in and around Chennai and in Hyderabad. The projects will be developed through a SPV, which will have equity capital from DLF, JV partners. The balance fund requirement would be met through internal accruals. DLF Commercial Developers have proposed to set [...]

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DLF to Cut Apartments rates in Chennai and Bangalore

Published: March 5, 2009

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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Real estate market in for a sea change

Published: February 17, 2009

CHENNAI: With the economic slowdown, the real estate market will undergo a sea change and both residential and commercial markets will get corrected. This will lead to stabilized market for real estate across the country.
As far as residential space is concerned, the market for affordable housing has been on the increase. In the last few [...]

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NRIs urged to invest in property business

Published: February 9, 2009

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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India’s best places to invest in real estate in 2009

Published: January 12, 2009

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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